Shakil Ahmed, who joined Citigroup in 2008, was named Citi’s global head of electronic market making. Ahmed is currently co-head of electronic trading with Dan Keegan. Upon his promotion, however, he ceased his other role as global head of quantitative strategies at Citi Capital Advisors, a Citigroup hedge fund. Ahmed now oversees both internal and external market making. Prior to joining Citi, Ahmed spent 14 years at Morgan Stanley, running its process-driven trading group, the main prop unit at the firm. Ahmed’s current responsibilities include proprietary quantitative trading strategies across multiple asset classes, quantitative hedge funds and electronic trading platforms.
Neal Goldstein joins JPMorgan as global head of electronic connectivity solutions in New York. Goldstein, with more than 15 years of industry experience, was previously at Nomura Securities, where he was head of U.S. electronic product development for more than two years. He reports to Frank Troise, the firm’s global head of electronic client solutions.
James Manfredonia joins Maxim Group in New York as a senior vice president of the institutional equity trading division. Manfredonia, a 28-year veteran, is responsible for expanding Maxim Group’s sector-based trading platform. Most recently, he spent two years at First New York, where he ran a prop book across asset classes. Beginning his trading career in 1983 at Salomon Brothers, Manfredonia later moved to Merrill Lynch Capital Markets, where he rose to managing director and head of the cash desk during his 10 years there. He held a similar position at Bear Stearns for six years.
Stanley Choung was elected to the board of directors of the International Securities Exchange. Choung is a managing director of the institutional equity division at Morgan Stanley, where he has headed the automated market group since 2007. He serves as an industry director representing ISE’s primary market makers, or PMMs. He replaces Sean Flynn of Timber Hill, who is retiring due to term limits.
Brett Klein joins Cheevers & Co. in Chicago as an institutional sales trader specializing in corporate buybacks. Klein, a 4-year veteran, joins a desk that now has nine traders. Prior to Cheevers, he spent his entire career at Northern Trust, focusing on insider trading and commission management solutions. He reports to Bernie McDevitt, vice president of institutional trading.
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