Jarrod Yuster is co-founder and chief executive officer of Pico Quantitative Trading, based in New York. Pico is a brokerage that provides services to clients engaged in cross-asset electronic trading of securities. It was started with investments from Goldman Sachs and Knight Capital Group. Yuster was formerly in charge of program trading at Merrill Lynch.
Thomas Kim joined agency brokerage UNX as chief executive officer. Kim recently served as a managing director at Lehman Brothers and head of Townsend Analytics trading services. Prior to that, he was chief operating officer of EMS vendor TradingScreen. Kim replaces Scott Harrison, who has been UNX CEO since July 2006. Kim’s hire coincides with a change in direction for the Los Angeles-based UNX, whereby the firm will emphasize its technology offerings over its brokerage services.
Vuk Bulajic has joined Ticonderoga Securities to launch its equity derivatives group in New York. Bulajic, a 25-year veteran, has helped build equity derivatives businesses for several large banks, including Lehman Brothers. He was previously head of U.S. equity derivatives at French bank Natixis for eight years, and held the same position at BNP Paribas for five years before that. He reports to Shawn McLoughlin, CEO and co-founder of Ticonderoga.
Dan Yu joins Townsend Analytics to head U.S. sales for RealTick, its EMS. Yu, a 17-year veteran who spent most of his career at Instinet, previously worked at Citi’s LavaFlow. During his four years there, he ran the firm’s sponsoring broker program and was co-head of business development. Yu is the host of the Wall Street Pink Slip Party, a charity and networking event he founded in 2004.
John Naudo joined Capital Institutional Services (CAPIS), as director of international trading. Naudo has more than 15 years of industry experience. Prior to joining CAPIS, he spent 12 years serving as the director of pan-European equities sales trading at Credit Suisse in London. He also worked on Merrill Lynch’s desk as a pan-European equities sales trader.
Edward DeBiasi joins Susquehanna Financial Group’s New York desk as its lead trader for the consumer sector. DeBiasi previously worked at Morgan Stanley, where he traded consumer and financial stocks. Last summer saw the addition of two other seasoned traders: Pat Quinn joined from Thomas Weisel as a senior trader in telecommunications, media and technology; and in July, Brian Knapp came aboard from JPMorgan as a senior trader for energy and industrial stocks.
Thomas Weisel Partners has added two sales traders.
Hank Lammens joins as a managing director and Kevin Travis joins as a director. Lammens, a veteran of more than 12 years, was previously with Bank of America Merrill Lynch. Based in New York, Lammens is responsible for covering accounts primarily in Texas and the Northeast. Travis spent the last six years as a sales trader, most recently with Soleil Securities. Based in San Francisco, Travis will focus his efforts on expanding the firm’s middle-market account coverage in the U.S., as well as in Europe.
Gary Knight joins TMX Group as a vice president of trading at TSX Markets. He is responsible for trading on the Toronto Stock Exchange and TSX Venture Exchange. Knight, previously with Cormark Securities, where he implemented algorithmic trading strategies, is responsible for client development, product development, market research and strategy for equities trading. Knight, a former quantitative index fund manager at OMERS, reports to Robert Fotheringham, senior vice president of trading at TSX Markets.
Susquehanna Financial Group added three senior sales traders to its Boston office.
Scott Delano joins from First Tennessee’s Boston office. Delano spent 12 years at Bank of America prior to First Tennessee. Jason Gaunt was a director of trading and risk management at Boston hedge fund LightKeeper Investments. Gaunt also held senior trading roles at RiverSource Investments, Jefferies & Co. and MFS Investment Management prior to joining LightKeeper. Kevin Shumway spent the last 11 years as a senior sales trader for Bank of America’s Boston office.
Brian Barry joins WJB Capital Group as a sales trader on the portfolio trading desk in New York. Barry is a 15-year veteran who was previously a sales trader in the equity products group at Newedge USA. The veteran portfolio trader has also had stints at Van der Moolen Institutional Brokerage, Knight Trading, LaBranche Financial and Piper Jaffray.
NYSE Euronext brings on Fernando Munoz as an operations analyst. As the point of contact for traders on the NYSE floor, he also implements and tests any new technology releases there. Munoz is a 12-year veteran based in New York. For the last six years, he worked in the accounts management and implementations department at NYFIX. There, Munoz handled sales, day-to-day customer issues and tested equipment.
Joe Bracco was promoted to head of U.S. sales at BATS Exchange in New York. Bracco, a 22-year veteran who joined BATS in 2008 from Cantor Fitzgerald, previously managed accounts and was in charge of market data dissemination. Randy Williams, who previously headed both sales and communications, will continue at the firm as global head of communications. Bracco reports to Joe Ratterman, CEO of BATS Exchange and BATS Global Markets.
Joe Bernsten joins Piper Jaffray’s program trading sales and trading desk as a managing director. The 20-year pro will be based in San Francisco, where he will run the program desk for Piper’s West Coast office. For the previous seven years, Bernsten worked at Bear Stearns in a similar capacity, as a senior managing director.
Steve Picket joins Firm58 as an account executive. He covers the Western half of the U.S. for the trade operations provider, which helps firms manage billing, payments, compensation, positions, and client commission agreements. Picket was previously a senior vice president with Reuters in Chicago for 10 years, after a 12-year stint at Bridge Trading.
Seth Weingram joins UBS as a managing director and head of equity derivatives strategy. In this capacity, Weingram develops derivatives strategy products and provides empirical research for trading. He is based in UBS’s Stamford, Conn. office and reports to Chris Leone, co-head of U.S. equity derivatives trading. Before joining UBS, Weingram helped launch a volatility trading effort at Barclays Global Investors and spent 10 years at Deutsche Bank.
Chris Leger joins WJB Capital Group as a vice president and sales trader in the firm’s Boston office. Leger, a 15-year veteran, was previously director of sales and trading with Natixis Bleichroeder. Prior to that, he was a director with Canaccord Adams, where he was a market maker before moving to sales trading in 2003.
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