David Leone has joined Linedata Services in Boston as senior vice president of sales and client relations for North America. Leone, a veteran of more than 20 years in the institutional-equity marketplace, will be responsible for overseeing the sales and market growth of Linedata’s newly formed North American division, headed by managing director Annie Morris. Since 1989, Leone has worked for Thomson Financial’s AutEx division, and subsequently worked and consulted with a number of technology startups, including Javelin Technologies, HarborsidePlus, Liquidnet, BTRadianz and NYFIX. Leone will be based at the company’s headquarters in Boston.
Ken Savio joined agency brokerage BTIG LLC as a senior managing director and co-head of global equities. Savio joins BTIG after a distinguished 20-plus-year career at Bear Stearns, where he served as senior managing director and co-head of global trading and sales trading prior to the investment bank’s sale to JPMorgan. He is expected to bring buyside relationships and extensive risk management experience to BTIG. Savio will work alongside current co-heads of equities Richard Blank and James Aniello. He will report to managing partners Steve Starker and Scott Kovalik.
Peter Driscoll, senior equity trader at Northern Trust Company in Chicago, was elected as 2009 chairman of the Security Traders Association. Driscoll, who has been serving as STA vice chairman and co-chairman of the group’s Floor Trading Issues Committee, has more than 30 years in the trading business. He worked the floor of the Chicago Stock Exchange from 1975 through 2000, serving the last 10 as president of Driscoll Floor Trading Group. “Trading has been in his blood. He took over the family firm and quickly took it to the next level,” says Van Hutcherson, Chicago branch office manager for Jones Trading. He praised Driscoll’s trading rules knowledge: “He understands both the practitioner’s and the academic’s point of view.”
BNY ConvergEx took in three former traders from Bear Stearns for its cash equities business. Sean Wagner joined as a senior vice president, portfolio trading. At Bear, he was a managing director in the portfolio trading group, trading U.S. stocks. Before that he was an international trader for the portfolio trading group. David Lenahan joined as a senior vice president, equity trading. At Bear, he was a managing director in the portfolio trading group. Jeffrey O’Brien joined as a senior vice president, transition management sales. At Bear, he was a managing director in transition management. BNY also added staff to its options trading group, hiring Michael Omilinsky as a vice president. Omilinsky was previously an options sales trader at Lek Securities.
Buyside post-trade technology vendor ESP Technologies Corp. elected David Conner from JPMorgan Securities to its board of directors. He brings broad knowledge of the electronic trading marketplace to ESP’s board. Conner is head of JPMorgan’s Electronic Client Solutions distribution for the Americas, where he is responsible for sales, customer set-up and service for the firm’s low-touch direct-market-access and algorithmic products, including Neovest and AlgoGenetics. Prior to JPMorgan, Dave spent six years with Lehman Brothers and 13 years at PaineWebber.
Brett Redfearn has been named global head of liquidity within the electronic client solutions group at JPMorgan Chase & Co. He was previously a senior managing director in charge of market structure strategy at Bear Stearns.
Swiss bank UBS has chosen Gerard Satur, from Australia, to run its U.S. equities trading business. Satur, who assumes his new position immediately, was the head of equities for UBS’s Australia/New Zealand region. He reports to Raul Esquivel, head of Americas Equities. Satur is expected to work in Stamford, Conn., where equities trading is based. According to a memo, the firm’s U.S. equities division expects to leverage Satur’s “risk management expertise and business acumen” in his new role. Satur replaces Ryan Primmer, who moved to the firm’s fixed income, currencies and commodities unit to lead the real-estate workout group. Before becoming the head of the Australia/New Zealand region in 2005, Satur had been head of equities for Australia since 2003.
Paris Securities, which operates from the floor of the New York Stock Exchange, hired three traders from B&B Securities. Both Robert Levine and Matthew Pincus join as sales traders, while Paul LaRengina joins as a floor broker. All report to Michael Gross, head of trading, who says the firm is looking to expand upstairs.
Joe Mecane joined NYSE Euronext as executive vice president and chief administrative officer for U.S. markets. Mecane is responsible for U.S. market planning, analysis and project oversight. He reports to Larry Leibowitz, group executive vice president and head of U.S. execution and global technology. Mecane joins NYSE Euronext from UBS Investment Bank, where he was a managing director in the equities division, responsible for overseeing the firm’s wholesale and retail trade-execution business. He joined UBS in November 2004 when the firm acquired Schwab Capital Markets, where Mecane was a chief operating officer and oversaw Schwab’s broker-dealer business. Prior to joining Schwab in 2003, he held a number of positions at Knight Securities, including chief operating officer of its Nasdaq division. Before that, he worked in the securities industry practice group at PricewaterhouseCoopers.
Bret Goldin joined institutional brokerage Cuttone & Company as senior vice president and director of sales for prime brokerage services and electronic trading, a newly created position at the firm. Goldin will oversee the growth of the firm’s prime brokerage services and its global electronic execution solutions for equity and options. Previously, Goldin was principal head of sellside sales and product in Banc of America Securities’ electronic trading services group. Earlier in his career, Goldin traded Nasdaq equities at Herzog Heine Geduld.
Southwest Securities has added four sales professionals. Michael Dunne, a 25-year veteran, joins as a senior vice president from Merrill Lynch’s Broadcort, where he had been vice president of clearing sales. Dan Nordvedt, with nearly 40 years in the securities and banking fields, including a previous stint at Southwest, joins as a vice president. John Duffy, with more than 15 years of experience, joins as a vice president. Charles Byron, joins from 1st Global as an assistant vice president and relationship manager. (See related story in clearing)
Anri Koike joined Fidessa in New York as an account executive to sell its connectivity services. Koike, who spent her last two years at Advanced Financial Applications marketing its buyside OMS, reports to Pam Ryan, who heads sales at Fidessa.
Doug Hurry joined TraderForum to head its U.S. and European conference business for institutional buyside equity traders. Hurry, a 10-year veteran in electronic trading, was previously at the Nasdaq Stock Exchange. There he worked as a liaison for its Institutional Traders Advisory Council. He joined Nasdaq from the Brut ECN, which Nasdaq acquired in 2004.
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