A number of former sales traders at Bear Stearns’ agency desk-Bear XO-started an institutional trading group at Lighthouse Financial Group in New York. Lighthouse Financial is a niche investment bank that also manages money for professional athletes. Rob Weinstein oversees the team of sales traders. The other Bear Stearns alums include: Mike Nethercott, Dave Navarro, Todd Paikin, Jess Mogul, Todd Bertsch, Russ Greenspan, Asher Koenig and Anthony Conde. Lighthouse recently signed an exclusive agreement with research provider Matrix, U.S.A.
Deborah Kase joins Chicago-based Electronic Brokerage Systems to run the firm’s New York office. Kase, a veteran of nearly 30 years at BNY Brokerage and covering accounts on the buyside and sellside, was most recently a managing director at TradeTrek Securities. At Electronic Brokerage Systems, a division of Belzberg Technologies, Kase oversees a staff of 20 in sales and trading.
Belzberg Technologies’ Electronic Brokerage Systems hired four investment pros. New sales director Robert Stanley arrives from Trade Station, after nine years as head trader at B-Trade Services. Anthony Stamos joins as a director in sales from Interactive Brokers’ Future Trade. There, he was the director of sales for the past two years. Chris Yuknek joins to head the firm’s program trading desk. For the past seven years Yuknek was a program trader at Prudential Equity Group. New sales trader Mark Schneid joins Electronic Brokerage Systems from Jefferies & Co., where he was an equity trader for the correspondent desk for the past five years.
UBS has hired three sales traders, including two former Bear Stearns alums. Sean Grady, a former managing director and 15-year veteran at Credit Suisse, joins UBS in New York as an executive director. Grady reports to William Ackerman, head of New York sales and trading. Andre Dore, a 22-year veteran of sales trading at Bear Stearns and former professional hockey player, also joins as an executive director. Nicholas Struk, a 13-year veteran and former senior managing director at Bear Stearns, joins as an executive director. Both Dore and Struk are based in Stamford and report to Brian McGinn and Brendan Grady, who co-head sales trading in Stamford.
Sales traders William Boyle, James Smith Jr. and Ryan Murphy have joined D.A. Davidson & Co. to open a new Boston office. Boyle, a veteran of more than 25 years experience in both domestic and international markets, joins as a managing director and runs the office. Smith, previously with Broadpoint Securities, joins as a vice president and senior sales trader. Murphy, an eight-year veteran previously with RBC Capital Markets, joins as a vice president and sales trader.
FBR Capital Markets hired two sales traders previously with Bear Stearns. Jon Jensen will be the co-head of sales trading in Boston. Michael Derby will be a senior vice president of sales trading in New York.
Tom Kane, a 20-year industry veteran, has joined Rosenblatt Securities as a salesman to develop institutional brokerage relationships and to build a client base for its exchange and market-structure analysis. Kane, previously with NYFIX, covers the Northeast and Canada.
Agency brokerage BTIG hired two traders from Jefferies & Co. to staff a new office in Los Angeles. James McKenzie and Kenneth Morgan were senior traders at Jefferies. At BTIG they will be responsible for managing the office, covering significant local and global accounts and recruiting personnel.
Doug Leo joined Thomas Weisel Partners Group in its New York office as head of commission management. Leo will work closely with all groups within the brokerage to monetize Weisel’s research, client relationships and execution abilities. Leo, who spent his last 15 years at Lehman Brothers, has worked in commission management for the last 13 years.
SunGard Transactional Services hired three former Lava executives. Jack Kindregan and Keith Jamaitis both joined SunGard as senior vice presidents to focus on the sales and product development of its EMS product. Kindregan, a 10-year veteran of the OMS/EMS space and a former head of sales and trading at ABN Amro, heads SunGard’s sales and marketing effort. Jamaitis, who was president of NYFIX before moving to Lava, heads EMS product development. Both report to Jim Weber, the former COO of Lava who also recently joined the firm as an executive vice president. Weber now heads SunGard Trading, the firm’s brokerage unit.
Steve Klatt joined InfoEx’s Boston office as a senior vice president of sales. Klatt, previously with Moors & Cabot, where he headed capital markets, plans to build the firms smart-routing business for buyside and sellside users. He reports to Dean Stamos, CEO of InfoEx, in New York.
Ciro Ambrosio and Dale Favors joined the prime brokerage services unit at RBC Capital Markets as salesmen. Ambrosio, previously an equity trader at CIBC World Markets for six years, joins as a vice president. Favors, who also came from CIBC, where he sold electronic trading products, joins as a director. Their role is marketing RBC’s multi-asset trading platform Accel and prime services.
Stephens Inc., Little Rock, Ark., is expanding its institutional equity trading with three hires. Melissa Santoiemma and John Borucke, Jr. join Stephens’ New York trading desk as vice presidents and sales traders. Previously, Santoiemma was a sales trader and vice president at Banc of America Securities. Borucke, who joins from Collins Stewart, spent 20 years at Prudential Equity Group, where he served as a senior vice president and the head of the institutional equity trading desk. Brian Wardle joins Stephens’ desk in Little Rock as an equity position trader. Wardle, previously a senior position trader with Jefferies & Co. in New York, is a former president of the Dallas Security Traders Association.
Stifel Nicolaus and Co. has expanded its sales trading and opened offices in Dallas and New York. Earlier this year John Daley, a 17-year veteran previously with Jefferies & Co. and Dain Bosworth, launched a new office in Dallas. Daley was later joined by Eric Cannon, formerly of Jefferies & Co. and George K. Baum. Veterans Julian Flores, formerly of FBR, and Scott Garliss, formerly with Signal Hill and Wachovia, joined Stifel’s Baltimore desk.
In June, Stifel also opened a New York office with five former Bear Stearns sales traders. They include: Dennis Angellilo, Chris Hartwick, Marty Moroney, Ian Ritcey and Peter Sweeney.
Pali Capital opened a San Francisco desk and expanded its New York office with the addition of several sales traders. Paul Kent, formerly of Jefferies & Co., joins Pali Capital to open a San Francisco office. Kent, who previously opened an office there for Jefferies in 1993, will look to expand the agency firm’s reach with West Coast accounts. Separately, Thomas Pierini, Tania Wedmid, Frank Miceli and Greg Mulbury all joined as sales traders. Pierini, a 16-year veteran in equities, was previously a managing director at Bear Stearns, where he had worked since 1999. Wedmid joins Pali as a sales trader from Jefferies & Co.’s Short Hills, N.J. office. Miceli joins from Jefferies & Co in New York as an international sales trader. Mulbury was a principal and sales trader at ThinkEquity Partners, after a stint at Jefferies. They report to Michael Towey and Kevin Fisher, co-heads of U.S. equities.
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