Cantor Fitzgerald & Co. hired a team of three market makers in exchange-traded funds who previously worked for KCG Holdings. The group – Reginald Browne, Eric Lichtenstein and Darren Taube-has worked together for about six years, first at Newedge, then at Knight, which became KCG Holdings after its recent merger with Getco. Browne, who left KCG Holdings last week as head of ETFs, is wrapping up an agreement to join Cantor Fitzgerald LP, the trading firm led by Howard W. Lutnick.
Taube, Lichtenstein and an undetermined number of traders from Browne’s former team at KCG will also join New York-based Cantor in similar roles, said two people with knowledge of the talks who asked not to be named because the information isn’t public. Online records with the Financial Industry Regulatory Authority listed Cantor as the employer of Browne, Lichtenstein and Taube.
Browne, 45, helped make KCG, formerly known as Knight Capital Group Inc., the biggest lead market maker for ETFs on the New York Stock Exchange, backing more than a third of the funds listed there. He has a reputation for supporting innovation in the industry, helping smaller providers reach the market with new products since joining Knight four years ago.
Cantor Fitzgerald marks the third stop for Browne, Taube and Lichtenstein as a team. The trio came to Knight from Newedge Group SA in June 2009, where they had been co-heads of ETF trading, bringing 10 colleagues with them.
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Axiom Capital Management, a New York brokerage serving individuals and institutions, hired three former Pulse Trading equity traders. Joining the firm are Hal Smolanoff as head of equity trading, Ethan Vickery and Grant Rosenblum. Smolanoff was previously with State Street Global Markets, a firm he joined after it acquired Pulse Trading in 2011. He was one of the original members of Pulse’s New York team. Vickery also joined from State Street. He spent about eight years at Pulse and State Street. Rosenblum joined from Global Arena Capital Corp., a retail brokerage. He also spent nearly two years at Pulse.
Jim Gallagher joined BMO Capital Markets as a managing director and head of U.S. equity sector trading. Gallagher was most recently the head of sector trading for energy, utilities, health care, materials and MLP at Barclays Capital.
BMO also hired three sales traders: David Matlow, Daniel Mara and Ashley Amo. Matlow also came from Barclays, where he was a liquid markets sales trader. Mara was most recently a sales trader at Citigroup Global Markets, where he handled hedge fund clients. Amo was most recently a sales trader at Goldman Sachs.
Susan Shilling joined Tripleshot as a relationship manager in San Francisco. The Boston-based company plans to open an alternative trading system for the buyside. Shilling previously worked in a similar capacity at Xpert Financial, a San Mateo, Calif.-based operator of a trading system for private securities. Before that, she was in institutional sales at Barclays Capital.
Pat Regan joined Conifer Securities in San Francisco as a sales trader. She previously worked for Fidelity Capital Markets and Banc of America Securities in San Francisco as a sales trader.
Trading operations veteran Don Camillo joined investment bank NewCap Partners as a principal in charge of its financial services coverage. NewCap Partners focuses on middle-market companies with M&A and capital requirements. Previously, Camillo was in charge of separate account trading operations at Natixis Global Associates. Before that, he directed trading operations at Charles Schwab.
Neil Azous joined Mischler Financial, a veteran-owned brokerage, to develop the firm’s macro strategy advisory group and court hedge funds. Azous, a 15-year professional, was at Navigate Advisors, a Stamford, Conn. broker-dealer formed by former senior UBS executives in 2008 that served hedge funds. Navigate closed in May when the firm’s two senior partners decided to retire from the industry. Prior to Navigate, Azous was a director in equities derivatives at UBS from 2004 to 2008. Before that, he worked at DLJ and in Goldman Sachs’ credit derivatives group. He reports to chief executive Dean Chamberlain.
ConvergEx Group hired Oliver Bailly as a senior vice president and head of its ETF desk. Bailly comes from Citigroup, where he was a director and head of the firm’s ETF create/redeem trading desk. He also covered institutional clients on Citi’s program desk. Prior to that, he spent eight years at Bank of America Merrill Lynch with primary responsibility for ETF creation/redemption as part of the non-dollar portfolio sales group.
Also joining the firm as a senior vice president on its global Portfolio desk is Miguel Ruiz. Ruiz was previously with XP Securities, a unit of Brazil-based XP Investimentos. Prior to that, he worked for Merrill Lynch, both in New York and Mexico City. He did a stint on the bulge firm’s non-dollar equities desk and then 10 years on its Latin America ADR portfolio trading/sales trading group.
Both are based in New York and report to James Bossert and Sean Wagner, co-heads of ConvergEx’s global portfolio and ETF execution business.
Kenneth Cutroneo joined Prime Executions in trading sales. He previously worked in electronic trading sales at Knight Capital Group.
Robert Redfield joined HSBC Securities as a senior vice president on the firm’s portfolio trading desk in San Francisco. Redfield has spent much of his 30-year career in derivatives or on program desks. His last position was with Macquarie Capital in San Francisco, where he spent three years.
Fred Fogg and Lance Vegna joined Macquarie Securities in New York as co-heads of its portfolio solutions group, a department responsible for transition management. Both executives were previously co-heads of transition management for the Americas at Credit Suisse, which recently exited the business.
Earl Manns joined Blaylock Robert Van in Chicago as a sales trader and a senior vice president in the minority-owned brokerage’s equity sales and trading department. Manns was previously a sales trader with Cabrera Capital Markets in Chicago for three years. He has spent 30 years on Wall Street, including a stint as the head of trading at Driehaus Securities.
Industry veteran Rick Gill joined Drexel Hamilton as a sales trader in the Philadelphia-based firm’s Boston office. Gill has spent the past 30 years as a sales trader or market maker at a variety of firms. He was last with Williams Capital in Boston as a sales trader.
Cantor Fitzgerald grabbed three more exchange-traded funds traders from KCG Holdings. In addition to the three senior executives announced in another item in this section, Cantor hired Matthew Scorsune, Brad Kotler and Aaron Kehoe. Scorsune spent about four years with KCG, formerly Knight Capital Group. Before that, he worked for LaBranche Structured Products. Kotler spent about 18 months with KCG. Before that, he was with MarketAxess. Kehoe spent about four years with Knight. Before that, he was with Newedge.
Retail brokerage Capital Guardian hired Eric Engdahl and Anthony Camlin as managing directors of equity sales trading. They will be based in the Boston office of the Charlotte, N.C.-based firm. Both Engdahl and Camlin were most recently with Moors & Cabot in Boston trading equities on behalf of institutions. Before that, they were on the Boston Stock Exchange with Ward, Conary & Murphy.
Paul Buckley joined Janney Montgomery Scott as a sales trader. He was previously a sales trader with Knight Capital Group, now known as KCG Holdings, for six years.
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