TRADERS ON THE MOVE: CAPIS Hires Quintet, Santander Loses Cummings

Capital Institutional Services (CAPIS), the Texas-based broker-dealer, hired four new employees to meet the growing needs of the company. Cambri Thompson, Corbin Bahcall, Clayton Giraudin, and Lorenzo Ricketts have joined the firm as institutional sales account executives. They will be responsible for offering CAPIS’ products and services to institutional investors and building client relationships.

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Thompson comes to CAPIS with over 10 years of sales experience in the oil and gas industry, construction industry, and technology industry. Bahcall’s previous experience includes roles as a marketing and communications manager at various firms. Giraudin has previous experience selling medical devices and Mr. Ricketts has over 6 years of financial industry experience.

The firm also landed sales trader Marcus McNeal for its international trading desk. McNeal will be responsible for helping clients with their international trading needs including executing international orders on an agency basis, providing trading support, and building client relationships. Prior to CAPIS he was a financial representative with TDAmeritrade.

Brazilian broker-dealer XP Investimentos SA hired sales trader Darrin Cummings from Santander Investment Securities Inc. in New York. Cummings, named senior cash equity trader, is charged with tripling the firm’s revenue from trading Latin American stocks for U.S. clients. He spent 10 years at Santander. He also previously worked for BBVA Securities Inc. and Cantor Fitzgerald LP, covering Latin America.

Susan Cosgrove, Chief Financial Officer of The Depository Trust & Clearing Corporation, was elected to New York City education nonprofit PENCIL’s Board of Directors. PENCIL serves as the prime link between the City’s business community and public schools to create partnerships that prepare students for college and career. DTCC has been an active partner of PENCIL for almost a decade. Currently, Susan and the DTCC team engage in a school partnership with Lower East Side Preparatory School in New York City.

Convergex has hired Jon Simblist has joined Convergex’s options team as a managing director and will oversee Convergex’s buyside institutional sales initiatives as well as focus on options trading strategies.
An industry veteran, Simblist most recently worked at Instinet where he was head of electronic derivative sales. In addition, Simblist has a strong background in options trading and technology as well as creating and implementing trading solutions in listed options for hedge funds, asset managers, banks and broker dealers.