Canadian exchange provider TSX Group named Thomas A. Kloet as chief executive officer. Kloet joins the TSX from Newedge USA (formerly Fimat USA), where he spent five years as a senior vice president and chief operating officer. Kloet, who has extensive experience in derivatives and global markets, was CEO of the Singapore Exchange before joining Fimat. He also takes a seat this month on TSX’s board.
Joseph Valenza joined Philadelphia broker-dealer Drexel Hamilton as head of sales and trading. He was most recently at Lehman Brothers as a senior vice president in broker-dealer services. Valenza has 30 years of experience in the securities industry, across a range of businesses and functions and has served on numerous industry and exchange committees. Valenza is also a member of the Security Traders Association’s Options Committee.
Linedata’s Gavin Little-Gill has been promoted. He will now serve as executive vice president in charge of front-office solutions for the North America region for Linedata, which offers OMS and compliance services. Linedata says it is doubling its client support teams for LyNX, ASP operations and PSG implementations. Little-Gill, as senior vice president, had been overseeing product management and strategy for front-office products, but will now supervise all client service activities. The former TowerGroup consultant joined Linedata in June 2007.
Thomas Weisel Partners Group hired two traders. Jon Fredericks joined as a managing director on the Canadian trading desk, based in Toronto. Chris Richards joined as a managing director on the New York trading desk. Fredericks has over nine years of experience in the securities industry. He most recently worked at Merrill Lynch trading Canadian energy stocks. Fredericks will be responsible for building out Weisel’s trading franchise in the energy sector. Richards has more than 10 years of experience as a senior block trader. He was formerly with Banc of America Securities. At Weisel, he will trade U.S. financial and industrial stocks.
Stephen Yamane joined Piper Jaffray & Co.’s equity sales and trading team in Boston as a sales trader at the managing director level. Yamane has more than 20 years experience. He joins Piper from Cowen and Co., where he was a managing director in equity sales and trading. Prior to that, Yamane was in a similar role at Kidder Peabody and Paine Webber. At Piper, Yamane reports to Jim Fehrenbach, head of equity sales and trading.
Mark Dehnert joined the board of directors of the International Securities Exchange as a representative of ISE’s electronic access members. Dehnert replaces Randy Frederick, who previously represented ISE’s electronic access members, and will serve for his remaining one-year term. Dehnert runs Goldman Sachs’ quantitative equities trading businesses. Prior to Goldman Sachs, he joined the Hull Group, now part of Goldman Sachs, as a financial engineer in 1992. He is based in Chicago.
Mike Lamorte and Howard Schlacks joined the Chicago office of New York-based Lek Securities as sales traders covering broker-dealers. Lamorte, a 30-year veteran, was previously with Equitek Partners. Schlacks spent 15 years at Dougall & Associates. Both report to John Joyce.
Agency block-trading firm JonesTrading announced the following changes to its management structure: Chairman William “Packy” Jones has relinquished chief executive responsibilities. He focuses on the broad strategic and planning issues the firm faces. President Will Geyer assumed the title of chief executive. Geyer concentrates on the current business and aligns resources and implements strategies to meet anticipated industry and client needs. Mike Hornbuckle assumed the role of vice chairman and represents the firm to a broad range of constituencies. General counsel Steve Chmielewski reassumed the responsibilities of chief operating officer. Steve Tullar became the national sales manager, while Alan Hill remained the chief financial officer.
Jason Jarcho joined broker and investment bank Stephens Inc., in the equity-trading department. He will oversee two traders as the head of block listed/agency trading, which focuses on listed and over-the-counter securities. Jarcho will be based at the firm’s headquarters, in Little Rock, Ark. Prior to joining Stephens, Jarcho was head of trading for Circle T Partners, a New York-based hedge fund. He has sellside trading experience from his days as an equity trader in the consumer and REIT sectors at Banc of America Securities.
Miranda Mizen joined TABB Group as a senior consultant. Mizen was most recently senior vice president of transaction services at the American Stock Exchange. There Mizen was responsible for thedevelopment of the exchange’s hybrid trading platform for equities and ETFs. Prior to the Amex,she held senior positions at SBC Warburg, now UBS, Instinet Corporation and TowerGroup.
Pali Capital nabbed a three-person program trading team from Oppenheimer & Co. Bryan Street is now global head of portfolio and electronic trading at Pali. He is joined by Robert Ehee, a senior trader, and Simon Bradley, a senior sales trader.
Joann Farrell Quinn, a former trader who is now a trading industry consultant, has just lived through culture shock. She spent several months in Kazakhstan, a Central Asian republic that was once part of the Soviet Union. She worked as a consultant to Visor Capital, a local investment bank with global aspirations. “The firm has been around for about four years. But it is now just becoming more global so I worked with the sales trading department,” says Quinn, who was contacted by the firm through her Web site, which led to her hiring. Quinn, a former buyside trader, is president of the Security Traders Association’s Florida chapter. Half way around the world, she quickly found herself conducting courses in Trading 101 so that bank employees could develop the skills and support services needed for equity markets. Although Quinn knows little of Kazakhstan’s culture and almost no Russian, she found it exciting to be working “in a very emerging market.”
Prime and agency broker Shoreline Trading Group added 20-year industry veteran Donald Marigliano to its prime brokerage sales team. At Shoreline, Marigliano will help managers use tools to expand alpha and assets under management, as well as minimize the current market dislocation impact on client operations. He comes to Shoreline most recently from Lehman Brothers, where he focused on various business lines ranging from emerging managers to multi-billion dollar funds.
Agency broker WJB Capital Group in New York named 28-year veteran Scott Fullman its new director of derivative strategy. He will support the desk and WJB’s customers with proprietary derivatives research. At Fullman’s two most recent positions-at Investec and at Englander-he served as managing director of equity derivatives and the director of investment strategy.
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