Citadel is hiring former Diamondback Capital Management co-founder Richard Schimel to run a new equity unit as Citadel expands its stock business to better navigate less liquid and more volatile markets. Schimel said he will join Citadel in early July after he closes his $250 million Sterling Ridge Capital Management, the firm he’s been running since late 2013 after shutting Diamondback. The Greenwich, Connecticut-based unit will be the fourth equity business at Citadel. The others — Global Equities, Surveyor and Ravelin — account for about half the capital of the $23.5 billion firm, according to a person familiar with the matter.

Frank Drouet, SocGen’s head of global markets for Asia Pacific, has been named head of the division globally. Drouet replaces Daniel Fields, who has spent 22 years at the bank and overseen its global markets division since 2012. Fields is leaving “to pursue other opportunities”, according to the bank’s statement. Drouet joined SocGen in 1990. He worked in basket trading in Tokyo and then as an equity option market-maker in Zurich. He moved to Paris in 1996, where he was head of warrants trading, and then to Hong Kong as local head of derivatives trading a year later before returning to Tokyo in 2003 as head of equity derivatives in Asia.

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Shari Noonan, a senior executive at Deutsche Bank in its global equities product development organization has departed. Noonan, who came to the German bank in 2010, was an equity swaps profession with a Goldman Sachs pedigree. While at Goldman she also worked on the development of its dark pool, Sigma X.

New Jersey-based FIG Partners has hired the duo of Peter McCorry and Nik Bjorkedal to bulk up its equity sales and research trading team. McCorry, who was named senior vice president, equity sales trader, is a veteran with more than 25 years of experience. He was with KBW for 11 years in its equity sales and trading group.McCorry also did a stint at Citi in its middle market group. Bjorkedal, a professional with 20 years in the market, was named associate director, institutional equity sales, and had been at KBW for 18 years.

KCG has hired former Goldman Sachs Group Inc. managing director Michael Seigne to help develop its European business among bank and investment-firm customers. Seigne will oversee sales for exchange-traded funds, program trading and electronic trading in equities at KCG in London starting in the second quarter. The move reunites him with Rob Crane, his colleague of 12 years at Goldman Sachs, who has been KCG’s head of European execution services since last summer.

Deutsche Bank has hired James Boyle from Citigroup as global co-head of its equity-derivatives business following a slump in the unit’s sales, according to two people familiar with the decision. Boyle, who is based in Hong Kong, will also be head of equities for the Asia Pacific region, Boyle, who spent four years as Citigroup’s global head of equity derivatives, has also held roles at Citadel and Merrill Lynch.

Linda Heuman joined Fifth Third Bank – IMG as an equity sales trader. Heuman, a pro with 28 years of experience trading, came from Huntington Asset Advisors, a subsidiary of Huntington National Bank where for 5 years was senior equity trader. Prior to that, she spent almost 12 years as head trader and equity group manager at National City Bank, which is now a unit of PNC Bank. The earlier part of her career she traded fixed income securities.

FIA announced that Mary Ann Burns, executive vice president and chief operating officer, will be leaving the organization at the beginning of July to head marketing and distribution for the craft brewery owned by her family. In her current role, Burns oversees FIA’s industry relations and has responsibility for FIA communications, conferences, marketing and technology. She also serves in the executive committees of the FIA Principal Traders Group and the FIA European Principal Trader Group, and she serves as the executive chair of FIA Technology Services, a wholly owned subsidiary of FIA which provides systems that help the industry achieve operational efficiencies.

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