Nasdaq OMX Group last month hired Eric Noll as head of the group that oversees Nasdaq’s trading operations. The former Susquehanna executive oversees the trading operations of all U.S. transaction services businesses, including the Nasdaq Stock Market and other exchanges, and strategic investments such as the International Derivatives Clearing Group. Noll will also have responsibility for Nasdaq OMX Europe, the London-based multilateral trading facility.
Noll previously served as managing director of SIG’s Susquehanna Financial Group division, and as associate director and global head of strategic relationships for SIG since 1994. He oversaw exchange relationships, created the investment banking department, developed an institutional equity research department and was responsible for all options and equity order flows for the market-maker operation. Before working at Susquehanna, Noll held positions at the former Philadelphia Stock Exchange and the Chicago Board Options Exchange.
John DiBacco rejoined UBS as global head of electronic volatility trading. DiBacco, who started at UBS in 1998, went to JP Morgan for a two-month stint before his recent return. At UBS, DiBacco has run a number of different lines of business. They include: head of U.S. Derivatives Trading, head of U.S. Convertible Bond Trading and head of U.S. Program and ETF trading. He has also been active on a number of industry committees and boards.
Mark Schlarbaum joined Palliser Bay Capital Management as a portfolio manager. Palliser Bay Capital Management, the institutional asset management division of Clark Capital Management Group, is based in Radnor, Pa. Before Palliser Bay, Schlarbaum was the director of equity trading at Conshohocken, Pa.-based equities manager Global Capital Management. There, he traded his specialty, small-cap stocks.
Two options trading executives were elected to the board of the International Securities Exchange. Michael Juneman, head of U.S. options exchanges at Citadel Derivatives Group, will represent ISE’s primary market makers. He shares that position with Sean Flynn, a trader from Timber Hill. Slade Winchester, head of U.S. and international business development, technology and operations for Citigroup Derivatives Markets options market makers, will represent ISE’s competitive market makers. He shares that position with Tim Brennan of Bank of America/Merrill Lynch.
Larry Acton joined UBS Securities Canada as head of Canadian cash equity trading. Acton was previously at GMP Capital Trust, a Toronto-based broker-dealer. He also worked at UBS between 2002 and 2007. At UBS, Acton will report to Rick Meslin, head of Canadian equities.
Abbe Rice joined Muriel Siebert & Co.’s capital markets group as a senior managing director and sales trader. Rice was previously at Bear Stearns & Co. where she held a similar position. She spent sixteen years at Bear Sterns and covered institutional accounts on listed, OTC and international stocks. She rose to the position of senior managing director in the institutional equity division.
Geoff Keith joined the block trading desk at Canadian Imperial Bank of Commerce in Toronto. Keith was previously head of equity trading at the Canadian arm of Barclays Global Investors. At CIBC, he reports to James Beattie, head of institutional equity trading.
Pali Capital hired a senior trader and a senior sales trader for its New York desk. Eric Gervais, an 11-year veteran, joins Pali to trade consumer retail stocks. He was previously a director at Wachovia Securities, where he spent seven years. Lawrence Grassi, a former block trader at Salomon Brothers and energy trader at Lehman Brothers, joins Pali as a sales trader. Grassi was previously a managing director at Banc of America Securities.
Esposito Securities hired three institutional sales traders. Mark A. Allen, Lee Jackson, and Cindy Pelton have joined the firm in Dallas. Allen, a 20-year veteran, was a sales trader at Jefferies & Co. for the last 10 years, after an earlier stint at Weeden & Co. Jackson, a 20-year veteran, was previously a vice president at NexBank Securities. Before that, he spent most of his career in middle market institutional sales for Bear Stearns, Lehman Brothers and Morgan Stanley. Pelton, another veteran of 20 years, also came from NexBank, where she spent one-and-a-half years as an equity trader. Pelton’s prior experience includes 10 years at Lehman Brothers. All three new hires report to Mark Esposito, company president.
NorthPoint Trading Partners hired Chip Miller to run the firm’s new Dallas office. He will be in charge of Prime brokerage sales and the sales trading operation there. Miller, a former sales trader at Jefferies & Co, joins NorthPoint from Stadium Capital Management, where he was head trader for 4 years. He reports to Michael DeJarnette, company president.
Bill Elbery joins Sophis as head of institutional sales in New York for the portfolio solutions and risk management vendor. Elbery, a 15-year veteran, was previously a vice president in sales at SunGard, where he spent two years. That followed stints at Advent and LatentZero.
Stephen Markowitz joined ETF and options broker WallachBeth Capital as a sales trader and managing director. Markowitz, a 26-year veteran, was previously a senior vice president in equity derivative sales at Tullet Prebon, where he spearheaded the firm’s initiative into single-stock OTC derivatives.
Portware, a global EMS provider, made a number of key hires in sales. Joe Gresia, a 25-year veteran, joins as a senior salesman in the U.S. after six years at JPMorgan’s electronic trading client services group. Alan Price, a 25-year veteran, joins Portware as a regional sales manager in Europe from Linedata Services. Tim Kemp, a nine-year veteran, came from SimCorp to head European sales engineers. Marcus Chan, a six-year veteran joined from Orc Software to head Asia-Pacific Sales. All report to Jim Feingold, global head of sales.
Graham Hakin, a sales trader with Canaccord Capital since 2000, moved from Vancouver to Toronto to help expand Canaccord’s cross-border business with U.S. clients on the East coast. Graham reports to James Duncan, the firm’s director of international trading.
Agency broker Saratoga Capital hired two options traders. Arvind Rao joined as a sales trader who handles accounts. He worked most recently at Citi. Over his 16-year career he has been an equity swaps dealer, an OTC options dealer, a relative values trader and has been in equity finance sales. David Townsend joined as a sales trader who handles accounts and executes trades. He has been in the industry for 10 years. For most of that time, Townsend was an options prop trader for Wolverine Trading and Liquid Capital in New York and London.
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