06.01.2017

Eric Noll Plans Return to Wall Street – Soon

06.01.2017

“It ain’t over til it’s over.”

That’s what former New York Yankee catcher Yogi Berra used to say when it came to the outcome of a baseball game. And according to Eric Noll, CEO of Convergex, who’s last day was yesterday as the acquisition of his firm has closed by rival Cowen & Co., the market can expect to see him resurface again – shortly.

In an exclusive conversation with Traders Magazine, Noll spoke of how he planned to return to the Wall Street equities market landscape after spending a brief time as a market free agent.

Eric Noll, ConvergEx

Eric Noll

“I’m going to be sticking around the Street,” Noll told Traders Magazine. “I can’t give you any details just yet but I fully expect to remain in the industry and it won’t be too long until you see me again.”

Noll said that he’ll be taking some time off once his departure from Convergex is complete to rest and recharge. But he added that there are already some business and employment opportunities that he has been examining.

“I’m looking at some opportunities right now as we speak,” he said. “This is a great business and I love being in it.”

Noll confirmed he would remain a member and participant of the Securities and Exchange Commission’s Equity Market Structure Advisory Committee as long as it didn’t violate any of the statutes required for participation.

He looked back at his three years at Convergex fondly, recalling the turmoil surrounding the firm when he arrived in November 2013 – client dissatisfaction, clients unhappy, plummeting employee morale – and how he and his staff managed to rebuild the business, restore confidence and profitability. Convergex was in the midst of settling charges it had concealed markups on stock trades. 

“We stabilized Convergex,” Noll recalled. “With the help of some very talented people, we grew the business back over the three years and in an environment of declining rates and volumes. It was a very positive experience. I enjoyed it and was pleased to be a part of growing that business back and to a successful exit.”

But all good things must come to an end. And Noll always knew that his tenure at Convergex, which was backed by private equity, had a start date and an end date. And now that date has finally arrived.

“It was a great experience. I knew when I joined their goal was to get it to an end,” Noll said. “It was always part of the understanding that I would eventually wind up at this point.”

Noll began his career on Wall Street back in 1993 as an Assistant Vice President on the Philadelphia Stock Exchange in strategic planning. He then moved to the buy-side at Susquehanna International in 1994 as a Managing Director. He spent 15 years at SIG.

In July 2009, he joined exchange operator Nasdaq as an Executive Vice President in the Transaction Services Group. It was here that Noll became a mainstay of the capital markets, speaking at myriad industry events, lecturing and becoming an authority of the equity market structure. He arrived at Convergex in November 2013.

And Noll isn’t done just yet.

“I can tell you this, you will hear from me shortly.”

Pension funds, sovereign wealth funds, endowments and other institutional asset owners are sitting on vast troves of data -- but extracting value from that data is more challenging than ever.

#AssetOwners #DataQuality

Technology costs in asset management have grown disproportionately, but McKinsey research finds the increased spending hasn’t consistently translated into higher productivity.
#AI #Fiance

We're in the FINAL WEEK for the European Women in Finance Awards nominations – don't miss your chance to spotlight the incredible women driving change in finance!
#WomenInFinance #FinanceAwards #FinanceCommunity #EuropeanFinance @WomeninFinanceM

ICYMI: @marketsmedia sat down with EDXM CEO Tony Acuña-Rohter to discuss the launch of EDXM International’s perpetual futures platform in Singapore and what it means for institutional crypto trading.
Read the full interview: https://bit.ly/45xRUWh

Load More

Related articles

  1. They will work with CEO Brian Moynihan on strategy and could be seen as potential successors.

  2. UK Launches Asset Management Review

    They will create 1,800 jobs across London, Edinburgh, Belfast and Manchester.

  3. Summer Trading Network 2016

    Rupsa Mukherjee, new head of M&A, discusses what makes a good deal and her move from banking.

  4. Daniel Gamba has joined from Northern Trust as one of the new co-presidents and chief commercial officer.

  5. Lazard sees this year as an inflection point for its fund management business.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.

Close the CTA