People On The Move

Dave Memmott joins International Strategy & Investment Group as a senior managing director and head of trading. Memmott, a 25-year veteran, previously spent 14 years with Morgan Stanley, where he held various roles in equity trading, including head of North American trading, head of the block desk and co-head of Nasdaq trading. Before joining Morgan, Memmott was a trader with Credit Suisse and Dillon, Read & Co. He oversees a desk of 21 traders and sales traders.




Andy Peer joins Instinet’s New York office as an executive director on the sales and trading desk. Peer, a 19-year veteran, spent the last 15 years at ITG. Prior to that, he was with the equity trading division at Lehman Brothers. Peer reports to Mark Turner, head of North America sales trading.




Needham & Co. hired three traders from GFI Group to establish an equity options sales and trading desk. The trio included Brett Marcus, previously head of trading for the CS Capital division of GFI; Sam Frankfort, who co-launched the CS Capital desk; and Marc Menachem, a derivatives sales trader at GFI.




Paul Sangimino is expected to join Nomura Securities International next month as co-head of U.S. cash sales and will oversee sales trading. A Lehman Brothers veteran from 1995 until 2008, he joins from Citi, where he headed U.S. equity trading. He is expected to serve as co-head with Pascal Bandelier, who oversees risk. Both report to Ciaran O’Kelly, who heads U.S. equities for the Americas.




Evercore Partners has brought on two trading executives to support its institutional equities operation, launched last month. Douglas DePietro is a managing director in charge of sales trading and trading execution. Scott Smith is a director in the group. Until March 2009, DePietro was a director in the U.S. equities division at Citigroup, where he served for 16 years. He was a position trader focusing primarily on the technology, media and entertainment sectors. Smith was a sales trader at DeMatteo Monness. Before that, he spent three years at Leerink Swann as a sales trader and four years at Morgan Stanley as a position trader.




Peter Battaglia joins the Vertical Group as an equities sales trader concentrating on Pink Sheets and Canadian orders. The 25-year professional was at Sterne Agee for three years as a sales trader and, prior to that, trading manager for broker-dealers at Tradition Asiel Securities. He reports to Mark Duncan.




Steve Panning joins KeyBanc Capital Markets as a sales trader in Chicago. Panning, a 15-year veteran, was previously with Banc America Securities/Merrill Lynch. He has been both a trader and sales trader in his career. Panning reports to Kevin Kruszenski, the firm’s director of equity trading.




Cheryl Gilberg joins Goldman Sachs as head of marketing for the firm’s securities division. The 20-year marketing veteran comes from Fox River Execution, where she was in charge of corporate communications and marketing for the past year. Prior to that, she was at Morgan Stanley and Citigroup.




Instinet Canada appointed Jeff Houslander and Andrew Hill as executive directors, electronic and program sales and trading, on its Canadian sales and trading desk in Toronto. Houslander and Hill both were in senior sales and trading positions with ITG Canada.




Linda Heuman joins Huntington National Bank as a senior trader in the firm’s private financial group trading equities, options and global securities. The 26-year veteran comes from National City Bank’s private client group, which is now part of PNC, where she worked for 12 years as a trader. She reports to William Doughty.




Public-relations veteran Marc Weinstein launched Spotlight Financial Marketing in New York. Weinstein, a onetime markets reporter at Knight Ridder Financial, was most recently with Spring O’Brien, where he spent 13 years running its financial services group.




Paul Viviano joins Jefferies & Co. as head of U.S. event driven sales. Viviano, a 17-year veteran, oversees the sales of U.S. equities for companies that are involved in transactions or restructurings. He joins from Morgan Stanley, where he spent four years as a sales trader and co-head of special situations. He reports to Jim Carmack.




Jamie DeSantis joins Knight Capital Group from Pali Capital. Before Pali, DeSantis was a vice president of equity trading and sales at Jefferies & Co.




Hudson Securities added a group of former Next Generation Equity Research employees in Chicago, including co-founders Timothy Fierce, a 30-year sales trading veteran, and Michael Boehm, a 20-year equity sales veteran. Sales traders Christopher Buti and Stephen Pocina join, as well as William Frayne Abernathy, an institutional salesman. Jerald Kallasjoins from Terra Nova Financial to focus on business development in Chicago.

Additionally, Hudson added a group of sales traders to its Jersey City, N.J. office. On the domestic side, Lawrence Sweetwood joins from Knight Equity Markets, David Noble from Domestic Securities and Edward Schmitz from Merc Partners. John Redmond joins the international desk from Macquarie Capital. Francis Fiolek joins the firm’s Norwalk, Conn. office after eight years at Cantor Fitzgerald.




Tim Dillon joined the New York office of Options IT, a provider of ultra-low-latency technology, market data and connectivity, as director of sales for North America. He will share North American sales oversight of several services related to the firm’s Options PIPE platform. Previously, Dillon oversaw electronic trading sales at JonesTrading.




Lida Preyma joins JitneyTrade as head of global direct market access. Preyma, a 15-year veteran, was director of business development and marketing at Pure Trading/CNSX for four years, where she helped build the first ECN in Canada. She reports to Francesco Pasin.




The Options Clearing Corp. appointed Craig Abruzzo and Valar Mihan to its board of directors. Abruzzo is head of Morgan Stanley’s listed derivatives business in the Americas, and Mihan is head of Americas equity-linked trading at BofAmerica Merrill Lynch.




Brian Pears joins RBC Capital Markets in Los Angeles as a director in electronic trading sales. Pears, a 19-year veteran who spent most of his career on the buyside, was previously with JonesTrading in Westlake Village, Calif., where he headed electronic trading initiatives at the firm. Pears reports to Brian Suth, who heads electronic trading sales in New York.




Paul Manelis joins WJB Capital as a sales trader in Chicago. Manellis, a 12-year veteran, was previously a managing director in sales trading for Soleil Securities in Chicago. Prior to Soleil, he spent two years at money manager NorthPointe Capital, where he launched the firm’s trading desk. A sellside veteran, Manelis also had stints as a sales trader at WR Hambrecht & Co. and Piper Jaffray, where he began his career.


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