People On The Move

Rohit D’Souza joined Citadel Investment Group to lead and expand its capital markets business. D’Souza was most recently with Merrill Lynch, where he was global head of equities and alternative investmenACts. He was responsible for all trading and sales trading activities for cash equities, equity-linked products, strategic trading and all of the global equity financing and services businesses. Citadel’s capital markets business includes Citadel Solutions, a leading hedge fund administration business launched in 2007.

Under D’Souza, the capital markets business will serve and partner with a broad spectrum of institutions such as asset managers, banks, hedge funds and technology providers.


Instinet appointed Jonathan Kellner as president of its U.S. brokerage subsidiary. Kellner was previously Instinet’s head of U.S. sales trading. He joined the firm in 2007 when the U.S. equity trading desk of Nomura Securities International, a unit of Instinet’s corporate parent, Nomura Holdings, was integrated into Instinet’s U.S. operations. Kellner held a variety of positions at NSI after joining in 2003, most recently as managing director responsible for U.S. equity and global portfolio sales and trading. Before Nomura, Kellner held senior trading and technology positions at Charles Schwab & Co., Investment Technology Group and Morgan Stanley. Kellner replaces Mike Plunkett, who left Instinet to pursue other personal and professional interests.


Jim Beattie joined CIBC World Markets in Toronto to run institutional equity trading. Beattie, a 20-year veteran, previously held a similar position at RBC Capital Markets. He is also a past chairman of the Canadian Security Traders Association. Beattie reports to Rik Parkhill, CIBC’s head of cash equities.


Bill Vance joined Imperial Capital in New York as a trader. Vance previously spent 22 years at Prudential Equity Group, where he was a managing director and ran Nasdaq trading since 2001. He is a past president of the Security Traders Association of New York and a current STA governor.


Fidessa LatentZero appointed Ian Cox director of global client services, a newly created position. Cox is responsible for Fidessa LatentZero client management and professional services. He reports to Richard Jones, the firm’s founder and chief executive. Cox is based in London. Previously, Cox ran account management at parent company Fidessa, which acquired LatentZero in April 2007. He has been with Fidessa for 12 years in both Europe and North America.


Eric Niederreither joined Miller Tabak Roberts Securities in its equity and equity-linked institutional sales and trading division. He will work as an OTC/post-reorganization stock sales trader. Niederreither previously worked at GFI Group.


Sarah Heffron, an executive director of electronic client solutions at JPMorgan, was named a director to the board of the National Stock Exchange. She was also appointed to the board of NSX Holdings, the exchange’s parent company. At JPMorgan, Heffron is responsible for electronic trading product development for exchange-based products. She focuses on prime brokerage and hedge fund distribution. Heffron replaces Aldo Parcesepe, previously of Bear Stearns & Co., who recently retired from NSX’s boards.


Cabrera Capital Markets hired buyside trading veteran Larry Peruzzi to revamp its international trading. Peruzzi, who spent the last five years heading the international desk at the Boston Co., opened a Boston office for the Chicago-based firm. Peruzzi is also an officer of the Boston Security Traders Association.


Jefferies International hired a number of former Bear Stearns investment professionals in research sales and trading. They include: Andrew Shortland, head of international equities; Hamish MacLellan, head of international equity sales; and Omar Saad, head of international equity trading.

Chris Evans and Richard Feldman were hired as equity traders, both reporting to Saad. The hiring includes 10 sales traders, all of whom report to MacLellan: James Hyde, Phillip “Joe” Jenkins, Mark Rooney, Tim Donovan, Shane Matthews, Gregorio Esmelian, Tony Hunt, Mike Harbish, Dan Kirsche and Samantha Stanley.


Joel Kugler joined Meridian Equity Partners in New York as a managing director of equity derivatives. Kugler was previously a director of event-driven sales at Englander & Co. His focus will be on expanding Meridian’s merger arbitrage group.


Pawel Pieczara recently joined the Depository Trust and Clearing Corp. as a director of new product development in the equity clearance and settlement department. Pieczara spent his previous eight years in the equity order flow area at the American Stock Exchange.


FBR Capital Markets hired two traders for its new convertibles desk. Thomas Sugiura joins from Bear Stearns, where he was a senior managing director on its convertible securities trading desk. At Bear, Sugiura made markets and managed a structured convertible book-including client-facing synthetic convertible issuance. Adam Wachter joins from Morgan Stanley, where he spent seven years in various senior trading positions in both customer-facing and principal businesses. Prior to Morgan Stanley, he was a convertible trader at Kennilworth Partners, an equity-linked hedge fund. The two traders report to Michael Lloyd, senior managing director and head of convertible securities in sales and trading. Lloyd co-heads the unit with Paul S. Rosica, senior managing director and head of equity-linked securities in investment banking.


UBS hired Xiaodong Zhang and Ilya Ustilovsky as executive directors and strategists in the quantitative trading area in Stamford, Conn. Both report to William Baedke, global head of electronic volatility trading. Zhang has more than 10 years of quantitative experience in algorithmic options trading. He joins from Bear Stearns after stints at Merrill Lynch and Helios Futures and Options. He has also worked as a research fellow and lecturer at the University of New South Wales. Zhang has a Ph.D in applied mathematics from Australian National University. Ustilovsky joins from Goldman Sachs, where he worked for five years developing a number of high-frequency options trading algorithms. Previously, he worked for Kiodex Inc. and at the Courant Institute of Mathematics at NYU, and he was a professional officer in the Signal Corps of the Israeli Army. Ustilovsky has a Ph.D in mathematics from Stanford University.


Jefferies & Co. hired Jason Roelke as managing director and head of derivative sales in New York. He will focus on the trading of equity derivative securities, including listed options, exchange-traded funds and over-the-counter options and swaps. Prior to Jefferies, Roelke worked in Lehman Brothers’ liquid market sales group, where he specialized in trading equity derivatives.


Tim McCooey and Michael Downey joined NYSE Euronext as managing directors in the member-firm group. They are responsible for client relations and sales. McCooey, whose family has long been associated with the NYSE, joins from Susquehanna Financial Group. Downey, who has worked in sales at both Bloomberg and Citi since 2000, joins after three years at Nasdaq’s transaction services group.

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