Richard Waks has been named president and CEO of Heflin & Co., Los Angeles. Waks, a longtime sales trader who joined Heflin & Co. in early 2007, now runs day-to-day management of the firm. He replaces founding partner Michael Heflin Jr., who remains chairman.
Bill Perry was named chief executive officer of Standard Life Investments USA in Boston. Perry, who started as a sellside trader 20 years ago, has spent almost his entire career in trading and on the buyside. He will be responsible for the $7 billion firm’s strategic development. For the last two years, Perry has been involved in management at Standard Life as a managing director. Prior to that, Perry headed equity trading there. Before he joined Standard Life in 2003, his two previous senior trading stints were at two big Boston-based investment managers: at Putnam Investments, where he was a sector trader, and at Fidelity Investments.
Peter Lewis was hired as a managing director to head the New York office of Tora Trading Services, which offers a multi-broker platform to trade the Asian markets. Lewis, a 22-year veteran at Citi Global Markets, played an integral role in the development of electronic trading at the giant investment bank. At Citi, Lewis held management and sales positions in international equity program trading, electronic trading and the alternative execution group. Lewis also co-managed two acquisitions at Citi: Lava Trading and Best Execution Consulting Services, or BECS.
Richard Francis Knox joined Morgan Joseph & Co.’s Boston office as a managing director and sales trader. Knox previously was a senior vice president at LaBranche Financial Services, where he headed the Boston institutional trading desk. Before that he was a senior coverage trader at Raymond James & Associates, director of institutional trading at RBC Capital Markets, a senior vice president of Nasdaq trading at Tucker Anthony and a vice president of institutional trading at Adams, Harkness and Hill. All these positions were in Boston, where he launched his career at Putnam Investments, spending most of his nine years at the firm as a vice president of equity trading.
Doug Aronstein joined Piper Jaffray as head of program trading. He will be based in the New York office. Aronstein, a 15-year veteran, joins Piper from Bank of America, where he was previously a principal in electronic trading services and focused on growing the program trading business with North American and European clients. Prior to Bank of America, he was head of international program trading sales at Deutsche Bank.
Steve Brodsky has left the Chicago Stock Exchange. The former president of the exchange joined private equity firm Vernon & Park Capital, where he will evaluate investment opportunities. Brodsky was president of CHX Holdings, the exchange’s parent company, since May 2007. The Chicago has put itself up for sale.
The National Stock Exchange appointed William K. Goodbody Jr. as an at-large director to its board and to the board of its parent company, NSX Holdings. Goodbody is director and head of market structure and exchange strategy at Knight Equity Markets, a subsidiary of Knight Capital Group. There, he oversees all market-structure-related issues such as quoting, trade reporting, market data and exchange-related fees. He works closely with Knight’s senior management, IT, trading, compliance and operations, and serves as a liaison with exchanges and other market participants. Goodbody replaces fellow Knight exec James P. Smyth, who recently resigned due to time constraints.
Thomas Wittman became president of Nasdaq OMX PHLX, the former Philadelphia Stock Exchange. The appointment came as Nasdaq completed its acquisition of the Philly. Wittman was previously the PHLX’s senior vice president responsible for managing the development of software and services. He was responsible for leading a team in transitioning the PHLX’s options business from an open outcry, floor based specialist system to an electronic/hybrid system. Wittman will be based in Philadelphia and report to Adam Nunes, who became Nasdaq’s head of U.S. options with the closing. Wittman takes over from Sandy Frucher, who ran the Philly since 1998. Frucher is now a vice chairman of the Nasdaq OMX Group, reporting to chief executive Bob Greifeld.
Xiang Li joined Rosenblatt Securities as a vice president in its transaction-cost-analysis group. Li works on improvements to the firm’s models that allow clients to directly access and manipulate pre-trade and post-trade data. Before coming to Rosenblatt, Li was CFO of Tidetime Group, a Hong Kong-based design and manufacturing company. Li reports to Scott Burrill, a partner who heads the firm’s TCA efforts.
Matthew Andresen and Timothy Brennan became board members of the International Securities Exchange. The two will act as representatives of ISE’s primary market makers and competitive market makers, respectively. Andresen has been co-head of Citadel Derivatives Group and president of Citadel Execution Services since June 2004. Andresen also serves on the board of Direct Edge ECN. Brennan is a managing director with Merrill Lynch responsible for listed options and automated market-making business development.
The International Securities Exchange promoted Boris Ilyevsky to an officer position. As a managing director of the options exchange, Ilyevsky will oversee its growth and development. Ilyevsky has been with the ISE since 1999 and has held several positions in marketing, technology and market operations.
Bradley Duke joined Knight Capital Group as a managing director to head the firm’s institutional electronic sales effort in Europe. Duke, who spent his previous eight years in electronic trading sales at Jefferies & Co., comes to fill a newly created position for Knight Capital Group in London.
Mary Freeman joined OMS provider Mixit as an account manager. Freeman, an 11-year veteran, was previously with BNY ConvergEx, where she worked as a relationship manager and on the electronic trading desk. She reports to Antonio Panos.
LaBranche Financial Services recently bulked up its cash equities staff. The new employees report to Michael O’Hare, senior managing director and head of equity trading and sales.
The following nine senior sales traders have joined LaBranche as managing directors: Tom Jennings, a 20-plus-year veteran, from Lehman Brothers; veteran Amira Bixby from Bear Stearns; Stuart Sharoff, also a Bear Stearns alum; Jacqueline Britt, with more than 15 years of experience, from Merrill Lynch; Jack Fernandez, a 15-year-plus veteran, from Merrill Lynch; Chuck Vernau, with more than a decade of experience, from JPMorgan; Dante Ferrarie, a longtime sales trading veteran from Merrill Lynch; Vanessa Jagenburg, a former Lehman Brothers veteran; and Wally McDonough, a veteran of more than 10 years, who joins LaBranche’s Boston office from Prudential Securities.
In New York, veteran Patrick Boyle joins LaBranche as a managing director and position trader from JPMorgan. Willie Echeverri also joins as a senior vice president and position trader from Lehman Brothers. LaBranche also beefed up its capital markets area, hiring John Kelleher as a managing director from Banc of America Securities.
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