Fordham University named the Great Hall in its former library after longtime trading executive John Tognino and his wife, Norma. The Togninos donated $3.5 million to the Bronx, N.Y. school, and the university renamed the historic hall after them-Tognino Hall.
“John and Norma Tognino’s long-standing service and generosity to Fordham have been nothing short of remarkable,” said Joseph M. McShane, S.J., president of Fordham University. John Tognino has served as chairman of Fordham’s board of directors and executive committee since 2004. A scholarship also bears the family’s name, as does a separate endowment for special-needs students.
Tognino spent 36 years at Merrill Lynch, where he held a number of senior positions in equities both in the U.S. and abroad. After retiring from Merrill in 1993, Tognino tookpositions at Nasdaq, heading global sales and member relations, as well asat Charles Schwab & Co., where he was an executive in capital markets. During his career, Tognino had been active in the Security Traders Association, serving as chairman and later president and CEO.
Shane Swanson was appointed as an at-large director to the board of the National Stock Exchange and its parent, NSX Holdings. Swanson, a managing director in Citi’s equities division, replaces Matthew Newton, also from Citi, who is stepping down from both NSX boards. Swanson was director of compliance at Automated Trading Desk (ATD) before Citi purchased the wholesaler.
At ATD, he was also responsible for implementing trading rules into its systems and was involved in business development. Swanson, a lawyer, is co-chair of the Securities Traders Association’s compliance committee.
Michael Mangiafico joined Credit Suisse as a salesman for the firm’s AES group. Mangiafico, previously a salesman at OMS vendor LatentZero, reports to Rupert Fennelly, who oversees AES sales in the Northeast.
Bill “OG” Moyer, who started on the buyside at Niagara Share Corp. in 1968, retired from ITG on January 31 as the firm’s Boston branch manager. Moyer, who had been with ITG since 1989, had been a managing director, sales and trading. Previously, he worked at Merrill Lynch and Dean Witter. Moyer plans to spend time in Bonita Springs, Fla., but is also considering keeping a hand in the trading business on a part-time basis.
Mark Forziati retired in January from Tudor Investments in Boston. Forziati, who joined Tudor in 1993 from Dewey Square Investments, was a managing director and head of trading at the firm. He started at Goldman Sachs as an over-the-counter trader in 1981. Forziati joked about his retirement, saying it was “time to stop and smell the cappuccino.”
NYSE Euronext hired two trading veterans to act as liaisons between the New York Stock Exchange and its floor-trader community.
The firm hired Todd Abrahall, formerly president of Susquehanna International Group’s NYSE specialist operations, as vice president, specialist liaison, and Michael Rutigliano, formerly a managing director with independent agency brokerage WJB Capital Group, as vice president, broker liaison. Abrahall will also lead the discussion with regulators concerning transforming the NYSE market model into one featuring more value-added participation by specialists. Rutigliano will also lead efforts by the NYSE to bring greater opportunities for the agency community of the NYSE trading floor to demonstrate their continuing value to customers. Both executives will report to Lou Pastina, executive vice president, NYSE operations.
Greg Cavallo retired last month from LaBranche Institutional Group, where he was a managing director and head of institutional sales and trading. Cavallo, a veteran of 38 years on Wall Street, spent the last 27 years in equity trading. Before joining LaBranche to start an institutional trading arm, Cavallo spent four years as a sales trader and co-manager of the institutional group at Knight Securities, after working 28 years at U.S. Trust in New York, where he ran equity trading. Cavallo and his wife, Liz, plan to spend most of their time at the Jersey Shore in Mantoloking, N.J.
Reynolds Ospina and Daniel Hornbuckle joined New York-based WJB Capital Group as vice presidents and senior sales traders. The two opened WJB Capital’s new San Francisco office, giving the firm a total of 29 sales traders. Ospina, a 13-year veteran who was most recently at Instinet, manages the office. Hornbuckle, a veteran of more than 15 years who comes from a West Coast family of traders, spent his last eight years at Nutmeg Securities.
Bob Iati was named head of consulting at TABB Group, a newly created senior management position. Iati was previously TABB’s director of research. Replacing Iati is Adam Sussman, formerly a senior research analyst.
Charlie Paulson joined the board of Paulson Capital, parent of Paulson Investment Company. Paulson is senior vice president of proprietary trading at the Portland, Oregon-based broker-dealer. As such, he trades the firm’s own investment accounts and advises senior management on market dynamics and trends that may affect or impact the value of its holdings. Paulson joined the firm in 1972 and has served in various positions since that time. He was previously the company’s head trader for more than 20 years. He has also served as a member of Paulson Investment Company board since 1994. Paulson is the eldest son of the company’s founder and chairman, Chester “Chet” Paulson.
Morgan Joseph & Co. boosted its efforts in the sales and trading of SPAC equities, or special purpose acquisition companies, with one hire and one promotion.
The investment bank rehired Matt Stedman as a managing director to head a new integrated sales group, which combines the firm’s equity and debt efforts. Stedman, who was previously employed by Morgan Joseph, was most recently a senior vice president at Raymond James.
Morgan Joseph also tapped Matt DiBiase, managing director and head of trading, to lead and expand the firm’s SPAC secondary trading effort. Both executives will report to Morgan Joseph’s president and chief executive officer, John Sorte. SPACs trade in the over-the-counter market.
Kevin McPartland and Monica Schulz joined TABB Group as a senior analyst and analyst, respectively. McPartland joined from Detica (formerly m.a. partners), where he was a senior manager in the global financial markets division responsible for strategic and implementation projects across equities, derivatives and fixed income. Schulz was recently a reporter for Wall Street Letter, covering the brokerage beat, including electronic trading, equity research, market structure changes, commission management and mergers and acquisitions.
Tim Mund was named to head global sales for Chicago-based 29West Inc., a firm in the low-latency messaging business. Mund, previously with Verizon, managed specialized business projects with Nasdaq and the NASD from 2000 until 2006. He joined 29West from Solace Systems.
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