TMX Group, Canada’s largest exchange operator, has hired a new chief executive officer for its equities division.
Nicholas Thadaney, a former ITG Canada officer, has joined the Great North-based company as president and CEO, global equity capital markets, effective September 1, 2015, according to a statement from the company. Thadaney, a veteran with 25 years of experience, was most recently with ITG Canada Corp, where he served for 15 years as its chief executive officer with responsibility for managing all aspects of the its business.
Thadaney, who will report to Eccleston, will be responsible for all of TMX Group’s equity listing and trading activity. His new role replaces the role previously held by Kevan Cowan, president TSX Markets and group head of equities.
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Etienne Phaneuf has been named CEO of ITG Canada. Based in Toronto, Phaneuf is a 15-year veteran of ITG and most recently served as managing director and head of sales & trading for ITG Canada. He replaces Nick Thadaney, who has joined TMX Group. Phaneuf, a 16 year veteran, joined ITG in 2000 as a portfolio trader and has been a member of ITG Canada’s executive team since 2005. He held the position of co-head of sales from 2005-2015. His past roles include institutional trading at TD Securities and CT Securities.
UBS appointed Chris Hagstrom and Mike Pasquale as co-heads of Americas equities distribution and Billy Mathews, hired from Deutsche Bank AG in March, as head of U.S. cash equities trading. In addition, Derek Capanna from Deutsche Bank will start in October as global head of equities distribution. UBS has been adding traders and salesmen for its equities business this year after naming Rob Karofsky and Roger Naylor, both veterans of Deutsche Bank, to run the division.
ASX, the Australian Securities exchange, is set to hire Helen Lofthouse as its head of derivatives in a bid to tap Asia’s growing derivatives market. Lofthouse has been UBS’ London-based European head of exchange-traded derivatives clearing sales for almost four years, and prior to that spent nearly 14 years at JP Morgan, most recently serving as head of sales for fixed income prime brokerage.
BNP Paribas Securities Services has appointed Paraic Cosgrave as head of sales and relationship management of its alternative fund administration arm. Cosgrave joined from SS&C GlobeOp, and before that held leadership roles at International Financial Systems and Integral Development Corporation. Last month BNP completed the acquisition of Credit Suisse’s hedge fund admin business, which took BNP’s total alternatives AuA to $237bn.
