Gene Choe has been named to head of U.S. sales at Credit Suisse for AES, its electronic trading platform. Choe, who joined Credit Suisse in 2004, now oversees all domestic sales for equities, options and futures within AES. His responsibility also includes heading sales for CrossFinder, the firm’s successful crossing network.
Choe, a former SEC attorney, co-founded MarketXT, an ECN that specialized in after-hours trading during the dot-com era. MarketXT, which was backed by several big brokerage houses–including Salomon Brothers, Morgan Stanley, Herzog Heine Geduld and Madoff Investments, was sold in 2000 to Tradescape, a direct-market-access broker composed of day traders. At Credit Suisse, Choe will continue to report to Manny Santayana, the firm’s global head of AES sales.
C. Thomas Richardson joins Wells Fargo Securities as a managing director and head of market structure and strategy. Richardson has spent most of his Wall Street career at Citi, where he held a number of positions in equity trading during 13 years there, from being a trader, to running the desk, to heading new business development and strategy. He advised on a number of Citi’s acquisitions, including that of Lava.
Prior to joining Wells Fargo, Richardson was head of global transaction services at NYFIX, where he ran its global brokerage operation, including its dark pools in the U.S. (Millennium) and Europe (EuroMillennium). Before NYFIX, he held several roles at the Boston Stock Exchange, including strategy. Richardson has served on numerous boards and committees during his 17-year career in securities.
Pipeline Financial Group’s New York office added two pros to its sales team. Jim Fiesel joined Pipeline’s New York office as its head of global sales. A 25-year veteran, Fiesel arrived from Tradeweb, where he managed its global equities business. Kevin Morrison also joined Pipeline’s sales management team. Morrison, a 19-year veteran, is director of U.S. sales. He reports to Fiesel. Previously, Morrison worked for Piper Jaffray as head of electronic trading sales.
Debbie Mittelman joins UBS as global head of its direct execution product group, reporting to Charles Susi. There, she’ll oversee the department’s global strategy for trading products and supervise all direct execution product managers. A 25-year veteran, Mittelman previously worked at Lime Brokerage. She was a director of product for U.S. equities there, specializing in automated and high-volume electronic trading strategies. Mittelman will work from UBS’s offices in Stamford, Conn., and New York.
Todd Graber is now chief financial officer at Pink OTC Markets, the interdealer electronic quotation and trading system in the over-the-counter securities market. Graber was CFO for the previous five years at Quadriserv, which operates a securities lending market.
James Ross, a senior managing director in State Street Global Advisors’ exchange-traded funds business, was chosen to chair the Investment Company Institute’s ETF Committee. There, Ross will provide the committee and ICI members with legal, research, governmental affairs, communications and operations support. He succeeds previous ETF committee chairman Bruce Bond, chairman and founder of Invesco PowerShares.
Nomura Securities International in New York added two senior pros in electronic trading from Deutsche Bank. Matthew Weitz joins Nomura as its head of electronic sales. Weitz, a 15-year veteran, runs the U.S. sales effort for the firm’s suite of electronic equity products, including its algorithms, crossing network, analytics platform and its low-latency products for market access and order routing. Weitz reports to Kevin Brady, Nomura’s managing director of liquid markets. Previously, Weitz headed Autobahn Equity Trading for the Americas at Deutsche, where he was responsible for distribution and electronic sales trading in the U.S.
Richard Conti also joins Nomura as head of electronic sales trading. He will lead the group as it provides coverage, execution consultancy and service to both algorithmic and high-frequency trading clients. Conti reports to Weitz. At Deutsche, he spent four years in a similar role.
Bill Ahmuty joins Société Générale as head of trading for exchange-traded funds. Ahmuty was previously at Newedge, where he held a similar position. At SocGen, Ahmuty reports to Jonathan Bensimon, head of equities and derivatives trading for the Americas.
Todd Lombra joins Robert W. Baird as a managing director on the firm’s principal trading desk. Lombra, a member of the health-care trading team, is based in Baird’s Stamford, Conn. office. Prior to joining Baird, Lombra spent 12 years at UBS Investment Bank, where he was most recently the head of the health-care trading pod.
Thomas O’Mara joins Cowen Group as head of equity derivatives and convertibles. His mandate is to expand the firm’s equity derivatives and to build out a convertible bond business. O’Mara reports to John O’Donoghue, head of equities. O’Mara spent about 14 years at Credit Suisse, where, at various times, he was global head of convertible securities, cash equities and its chief risk officer for the equities division. Besides five years spent at Lehman Brothers in the convertible securities group, O’Mara also managed a multi-asset strategy at a hedge fund.
Agency broker OTR Global expanded its trading presence beyond New York and into Boston with two hires. Christopher Horan joins OTR as an institutional trader. Previously, he worked at Echo Bridge Capital as a senior analyst. A 15-year veteran, Horan was an equity trader with Fidelity Investments prior to his time at Echo Bridge. Graham Morrell also joins as an institutional trader. A 10-year pro, Morrell held the same position at Canaccord Adams, covering the financial, REITs and lodging sectors.
Ticonderoga Securities has added four sales trading professionals in New York. Dennis Powell joins as a senior managing director. A 35-year veteran, he was previously at FTN Midwest for eight years. Michael Powell also joins as a senior managing director. A 15-year veteran, Michael Powell was also with FTN Midwest for eight years. Ticonderoga also hired Michael Fenske and Michael Stephans as sales traders. Fenske, a 12-year veteran, was previously a senior trader at ING Investment Management after starting on the buyside at AllianceBernstein. Ten-year veteran Stephans was previously at Buckingham Research, where he spent six years. They all report to Kevin Backus, who heads cash equity trading.
Andrew Tuthill joins agency brokerage JonesTrading as managing director, head of its capital markets group and a member of the executive committee. He leads the capital markets group’s efforts to provide liquidity to the corporate and private equity communities and to underwrite secondary offerings. A veteran with 17 years of experience in investment banking, trading and equity capital markets, Tuthill was most recently a managing director, head of special situations for the equity capital markets group at Thomas Weisel Partners. He also served as a managing director in capital markets at UBS. Tuthill is based in San Francisco and reports to JonesTrading chairman and chief executive Packy Jones.
Citi added three hires in electronic trading sales.Matt Scoble joins as a director. Scoble, a 16-year veteran, will focus on promoting Citi’s electronic trading products to its tier-one clients. Scoble spent four years at UBS, where he was head of the options distribution team. Jay Sarkar joins as a vice president to sell Citi’s electronic trading products to clients in Texas and New York. Sarkar, a 14-year veteran, previously spent five years at Liquidnet in corporate strategy. Scoble and Sarkar both report to Tim Reilly, who heads electronic trading sales in North America. In the options group, Rick Watkins joins as a vice president in a newly created position that will focus on introducing direct-market-access products for options to the buyside. Watkins, with more than 20 years’ experience, joins from Trinity Derivatives Group. He reports to Kevin Murphy, who oversees options at Citi.
Interdealer broker Tullett Prebon launched a risk arbitrage desk in its Jersey City, N.J. office. Philippe Allain will lead the group, reporting to Tom Bovitz, senior managing director of equities. Prior to Tullett Prebon, Allain was head of risk arbitrage sales at Newedge Group. Joining Allain are director Mourad Jridi, also formerly of Newedge; managing director Yemi Oshodi, from Ramius Capital Group; and senior vice president Rudy Sanchez, from LatAm Investments.
State Street appointed Nick Bonn to head its securities finance business. Bonn, an 18-year veteran of State Street, managed State Street’s equity trading and transition management businesses for 17 years.
Keith Jamaitis joins post-trade solutions provider ESP Technologies as chief operating officer. Jamaitis, a 12-year veteran, was previously at SunGard Trading, overseeing global institutional electronic product management, development and sales. Jamaitis was also president at NYFIX. Jack Kindregan also joins the firm as managing director of sales. Kindregan, a 25-year veteran, was formerly a senior vice president of sales at SunGard Trading. Prior to that, he spent six years at NYFIX in sales and marketing. Both Jamaitis and Kindregan report to Joshua Levine, chief executive at ESP Technologies.
The firm also hired 13-year veteran Matthew Brown as a salesman. Brown is also a NYFIX alum and spent five years at NYFIX as a business development manager. He reports to Kindregan.
Pierre Conner has been named head of sales, trading and research at Capital One Southcoast Inc., a wholly-owned non-bank subsidiary of Capital One Financial Corp. Conner had been a research analyst at the firm since 2003. He will now oversee all aspects of the sales, research and trading functions.
Raymond Velazquez joins Mizuho Securities USA as head of U.S. equity sales and trading. A 29-year veteran, he spent the previous four years running the trading department at Merriman Curhan Ford. Velazquez, a longtime Nasdaq trader at Goldman Sachs, reports to Robert Betack, an executive managing director and Mizuho’s head of equities. Also, John Lombardo joins Mizuho Securities USA as a sales trader. Lombardo, an eight-year pro, was previously with Morgan Joseph.
Jonathan Carrjoins MKM Partners as a managing director and head of sales trading. Carr will also serve as a member of MKM’s operating committee. Carr previously spent seven years at Morgan Stanley & Co., most recently as a managing director, where he managed the listed sales trading department for three years. He also spent five years as a senior sales trader at JonesTrading.
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