Bart Green, manager of Nasdaq/OTC agency trading at A.G.Edwards, will be elected chairman of the Security Traders Association (STA) at its annual meeting in October. The chairman’s one-year-term officially begins in January. Green has been serving as STA vice chairman and co-chairman of its Trading Issues Committee.
“Bart has been an integral part of the STA for many years and gives us the perspective of the retail side,” says John Giesea, STA president. He notes that Green takes over the chairmanship of the STA from Lisa Utasi, a buyside-trading executive with ClearBridge Advisors. Peter Driscoll, a buyside-trading executive with Northern Trust, is slated to become STA vice chairman.
Green received a BSBA from the University of Missouri-Columbia and an MBA from St. Louis University.
John Shaw III has moved from Jefferies & Co. to Societe Generale to work in its global program trading and electronic services group as managing director. In this role he’ll continue the process begun two years ago of expanding the firm’s U.S. presence. Previously, Shaw was managing director for the brokerage Jefferies. There, he helped build the firm’s electronic trading business as its head of portfolio and electronic trading. He is based in New York.
Toronto-based investment dealer Perimeter Markets has opened its first international office in New York, and brought in Francis Corcoran to apply his management and business development experience as executive vice president there. He has been charged with managing Perimeter’s U.S., European and Asian activities. Corcoran arrived with more than 20 years of financial and capital markets experience, most recently as the senior vice president of business development and equity order flow at the American Stock Exchange.
FBR Capital Markets recently promoted five members of its institutional sales trading group.
John Backus has been elevated to managing director, head of sales trading. He joined FBR in 2004 and now assumes his new position after more than 13 years in the industry. Backus has also worked the sales trading desk at Bank of America and Smith Barney. He will be based in New York, and will continue his role helping the sales trading group grow.
Jeff Ulehla is now FBR’s managing director, equity trading. He joined the firm in 2004, after four years as director of institutional equity trading at Deutsche Bank.
FBR promoted John Akridge to senior vice president, head of Arlington sales trading. He brings 10 years of sales trading experience at FBR Capital Markets to the Arlington, Va., desk.
Patrick Duffy is now senior vice president, head of Boston sales trading. Duffy has more than 15 years of industry experience, and has been with the FBR sales trading team in Boston since 2000. He has also worked at UBS there, as well as at the Boston Stock Exchange.
Michael Weiss is now the senior vice president, head of San Francisco sales trading. He brings 14 years of industry experience to the role and joined FBR’s sales trading group in 2004. Weiss has also been senior vice president in sales trading at both Credit Suisse and Deutsche Bank.
Knight Equity Markets recently hired Stephen Schoenfeld as a director on its account origination team. An industry veteran of more than 35 years, Schoenfeld previously worked as a sales manager at Miletus Trading, where for almost three years he focused on algorithmic and program trading offerings. Schoenfeld is based in Knight’s Jersey City, N.J., office.
Scott Larison joined 3D Markets as a senior sales trader last month. Larison comes from the Philadelphia Stock Exchange, where he traded options. 3D Markets is a startup that plans to launch two separate crossing networks-one for options, the other for stocks-by the end of the year.
Christopher Sandel joined online broker-dealer TradeKing as a vice president. He will focus on strategic initiatives, as well as marketing the firm’s order management and clearing services. Previously, Sandel worked at broker-dealer and clearing specialists Penson Financial Services as senior vice president. In that capacity, he was involved with the firm’s clearing services, as well as new business and product development. Sandel will be based in the New York area.
George Hessler joined Lime Brokerage as executive vice president in charge of sales and strategy. His focus there will include securing new customers, destinations and alliances with various partners. Since 2000, Hessler worked at Lava Trading, where he also headed up sales and corporate strategy. He will be based in New York.
Paul Manelis is the new director of equity trading at NorthPointe Capital, in Troy, Mich. He will head the value equity institutional management firm’s three investment platforms when it begins trading this month. Manelis was the managing director for equity sales trading for WR Hambrecht’s Chicago office, where he’d worked since 2004.
Glenn R. Firestone recently joined Banc of America Securities as a managing director, head of global commission management. Firestone, a soft-dollar industry veteran and former partner at Lynch, Jones & Ryan, previously held a similar position at Morgan Stanley.
Citi promoted Richard Evans as global head of the bank’s electronic execution business. Evans, based in London, was previously in charge of alternative execution in Europe. In this newly created position, he reports to Pete Santoro, global head of equity trading. Evans will oversee the development and distribution of such services as direct market access, agency program trading, market data monetization, the smart order-routing technology owned by Citi subsidiary Lava Trading, transaction-cost analysis and Citi’s OpenPort. The electronic execution business is Citi’s fastest-growing, the bank said in a statement.
HSBC hired three new sales traders.
Craig McDonough joined HSBC as a senior vice president, international sales trading. He was previously a pan-European sales trader with Kepler Equities, covering U.S. accounts. Prior to that, he was at Commerzbank Securities, UBS Warburg and Dreyfus Corp.
Amy Giambruno also joined HSBC as a senior vice president, international sales trading. She was previously a sales trader covering Latin American equities with LPL Financial, UBS Warburg and Barings Securities.
Alexander Huff joined HSBC as a senior vice president and Asian equities trader. Huff was most recently with JPMorgan Securities, working as an Asian/Japanese equities trader. Previously, he worked at Goldman Sachs. The three report to Alex Shepard, HSBC’s head of equities sales trading in New York.
Ralph J. Acampora, CMT, who made several successful bullish calls in the 1990s, will retire next month from Knight Capital Group. Acampora, a 40-year veteran, stepped down last month as head of Knight’s technical research group. Marc L. Sutin is slated to fill the position. Acampora, a frequent speaker at STA functions since joining Knight in 2005, also worked at Prudential, Kidder Peabody and Smith Barney. He expects to remain involved in the industry.