JonesTrading has added to its U.S. sales force. It now has more than 90 traders with more than 15 years of experience, on average. Bernie Blaney joined the Boston office. Blaney will focus on client acquisition and increasing order flow. He will report to George Harrington, who heads the Boston office. Blaney has over 20 years’ experience in the brokerage industry. He spent the previous 11 years as the head of sales trading in Lehman Brothers’ Boston office.
Tom Niemeier joins Jones’ New York office following 10 years each at Paine Webber and Morgan Stanley. Lou Matrone joins Jones’ Dallas office from Rushmore Investment Advisors, where he was director of trading operations. Prior to RIA, Matrone held sellside positions at Pulse Trading, Southwest Securities and Dain Rauscher. He has been the president of the STA in Dallas and is the current secretary on the national STA board.
Jeanne Murtaugh has retired from BNY ConvergEx, where she was vice chairwoman emeritus. Murtaugh, a career strategic planner and marketing executive, started Wachovia Bank’s brokerage division in the early ’80s. She later moved to ESI Securities in New York, where she co-headed the company. Bank of New York bought ESI in 1997 and renamed it BNY Brokerage. The firm later combined with Eze Castle Software to become BNY ConvergEx. Murtaugh, who spent her career involved in electronic trading, connectivity, and commission and research management, will continue to advise emerging businesses. She also remains active in a number of charities, including Susan G. Komen for the Cure and the American Cancer Society. Murtaugh is a two-time survivor of cancer.
Shawn Matthews became chief executive officer of Cantor Fitzgerald & Co., a division of Cantor Fitzgerald L.P. Matthews was previously head of Cantor’s debt capital markets group. In his new role, he will have responsibility for Cantor’s debt and equity capital markets groups and its investment banking business. He replaces Phil Marber, formerly head of Cantor’s equity capital markets group. The position of CEO of Cantor Fitzgerald & Co. has been vacant since Irvin Goldman left the firm in October 2007. Matthews’ promotion reflects Cantor’s rapid growth in fixed-income sales and trading over the past six or seven years. Marber, who began his career with Cantor in 1990 and ran equity capital markets for about a dozen years, will focus on strategy and recruiting.
Pali Capital, an independent firm offering full-service institutional brokerage, hired three sales traders. Kevin Scherer joined as an international equities sales trader in New York. Scherer traded international stocks at Citi and Smith Barney for the last 12 years or so. In San Francisco, Steve Kepler and Mark Gabhart joined as sales traders in the firm’s new office. Kepler was an equity sales trader at Jefferies & Co. for 16 years, where he helped build the firm’s West Coast effort. Gabhart joins from Pequot Capital Management; before that, he was a senior equities trader at Citadel Investment Group.
Christopher Edgar joined NorthPoint Trading Partners as a senior vice president of sales and marketing. Edgar will oversee sales in the Northeast for the boutique prime broker and is opening an office in New Canaan, Conn. He was previously a senior managing director at HedgeWorld, where he spent nine years. Edgar reports to Michael DeJarnette, NorthPoint’s president, who is based in Atlanta.
Tim Casey joined agency broker Seacoast Partners in Boston as a sales trader. Casey, previously a director of sales trading at Soleil Securities in Boston, had worked on the buyside at Standish, Ayer & Wood for two years, after 10 years at Cowen & Co. in New York as a sales trader. A board member of the Boston Security Traders Association, Casey joins Brian O’Neill and Gus Phelps on the sales trading desk.
Martin Hakker was promoted to country manager of Fidessa Canada, to expand the business of the trading systems builder. Hakker retains his position as executive vice president of marketing for North America. He’ll split his time between Toronto and New York.
Research and trading house MKM Partners hired two sales traders to work out of its main office in Greenwich, Conn. Donald Avena, a 15-year veteran, joins as a senior vice president from Jefferies & Co., where he spent his entire career. Charles Padala, a 21-year veteran, joins as a senior vice president from SunTrust Robinson Humphrey in New York, where he was a managing director of equity trading. Padala is the first vice president of the Security Traders Association of New York and is a member of the executive committee.
Jim Giovinazzo joined Silver Leaf Partners in New York as institutional sales manager for prime brokerage execution services. Giovinazzo, a 10-year veteran of sales and trading, was previously a salesman with Liquidpoint, BNY ConvergEx’s options trading platform. At Silver Leaf, he will also sell prime brokerage services, as well as work with the 25 sales reps involved in capital introduction to hedge fund clients.
Tony Giovati joined Concept Capital Markets in New York as a senior equity sales trader. Giovati, a 30-year veteran, mostly at Prudential Securities, came from Conifer Securities, where he helped build the trading business for the San Francisco-based hedge fund service provider.
WJB Capital added three investment professionals in New York and one in San Francisco. James Willsey, Richard D. Weiss and John Cassol join the New York office. Victor R. Radeff joins the San Francisco office. Willsey is now director of program and algorithmic trading. He is a 22-year veteran who has headed program trading at Knight Securities, Pulse Trading and UNX.
Weiss joins WJB as an institutional sales trader. A 25-year buyside trading veteran, he comes from AllianceBernstein, where he was a senior sector trader for the financial and industrial sectors. Cassol joins as director of options and derivatives trading. A 19-year veteran, he joins from Société Générale in New York, where he ran its derivatives desk and helped build the firm’s U.S. institutional options business. Radeff joins WJB’s San Francisco office to cover accounts as director of sales and trading. Radeff, a 15-year veteran, was a sales trader with Deutsche Bank for the last 19 months.
Sanjiv Mirchandani was promoted to president of National Financial, a Fidelity Investments company that specializes in clearing and brokerage products for more than 300 firms. He replaces Norman Malo, who retired earlier this year. Mirchandani, a 15-year veteran at the firm, reports to Charles G. Goldman, Fidelity’s president of institutional platforms. Mirchandani was previously president of products and marketing for Fidelity’s personal and workplace investing business. Prior to that, he was executive vice president of brokerage and asset management products within its personal investments business.
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