January was a busy month for people move in the Capital Markets arena. The first month of the year saw new faces and job titles in leading U.S. financial services firms, including Nasdaq, TABB Group, Macquarie Securities, FIG Partners, and other powerhouse firms. Check out Traders' On The Move gallery for the month of January 2016.
FIG Partners has hired institutional equity Sales executive Bill Henningson, formerly of Keefe, Bruyette & Woods (KBW) as an Associate Director, Institutional Sales. Henningson has nearly 20 years of financial services experience, working on the sellside, buyside and in banking. He most recently worked at UBS AG as Executive Director, Financial/Real Estate Sector Sales Specialist, which included regional/community banks. From 1998 to 2012, he worked for KBW, where he was a Senior Vice President in institutional equity Sales, with a focus on banks and other financial institutions.
Macquarie Securities announced the appointment of Christine Farkas as Head of U.S. Equity Research. Farkas joins Macquarie from BMO Capital Markets, where she headed U.S. Equity Research since September 2012. Prior to BMO Capital Markets, Ms. Farkas was a senior and highly ranked equity analyst at Bank of America Merrill Lynch for more than 17 years. During her career she has covered numerous sectors in consumer, energy technology and industrial areas. She has been recognized by Institutional Investor, Greenwich Associates, FT Starmine and The Wall Street Journals Best on the Street surveys for her research.
Dan Mathisson, the executive who helped build Credit Suisse Group AG into an electronic-trading powerhouse over the past decade, plans to leave the bank at the end of next month. A contributor for Traders, he most recently served as head of U.S. equity trading at the firm. It is said he plans to open his own asset-management business next year.
Tabb Group has hired Tom Lehrkinder and Callie Bost as research analysts to further strengthen their derivatives practice. Lehrkinder and Bost are based in New York and will focus on the global listed derivatives markets for Tabbs research and consulting practices, reporting to Andy Nybo, partner, global head of research and consulting.
Bost focuses her analysis on market structure, regulation, technology and trader psychology in exchange-traded options and futures. She joins from her role as a reporter for Bloomberg News, where she contributed to coverage of U.S. equities and options on broad-market indices, ETF (exchange-traded funds) and single stocks, and was responsible for the daily options column. She also covered corporate bonds and credit default swaps (CDS) for their news operation.
Sources say Nasdaq is putting its FX clearing and trading initiatives on hold, and as a result, the exchange's head of FX product, David Holcombe, has left the firm. Market sources indicate that although Nasdaqs existing currency options products will continue to trade on the exchange as normal, it is putting the brakes on its recent FX trading and clearing initiatives, which were largely driven from Europe. A spokesperson for the exchange confirmed the departure of Holcombe, who was based in London. Sources say it is unclear at this stage what the plans are for Jonas Lindholm, managing director of FX at Nasdaq in Stockholm.
Michael Weinberger, the head of U.S. equities at $23 billion York Capital Management, is leaving to start his own hedge fund. Weinberger, who has worked at the New York-based firm since July 2000, plans to depart on Jan. 31, according to a letter sent to clients Monday that was obtained by Bloomberg. York CIO Dan Schwartz will take over Weinbergers role as co-manager of the York Select Fund alongside David Damast. The $875 million fund fell more than 15 percent in 2015 through November, though had returned an average of 12 percent a year from July 2002 through November.
Former co-head of futures at Wedbush Futures Carl Gilmore launched his own consultancy, Integritas Financial Consulting, to support derivatives clients in meeting evolving regulatory and compliance requirements. Gilmore left Wedbush last month after he joined with the KCG acquisition in 2014.
Barclays has named Richard Evans, previously its COO for equities in EMEA, as its new head of equities business in the region. Before joining Barclays in 2012 he was head of Delta One strategies in European equities at Morgan Stanley and, prior to that, was global head of electronic trading at Citigroup.
