TRADING UP: KCG Snags Fusco and Minchin from CS; Nasdaq Names Ptasznik CFO
KCG added Tom Fusco and Hank Minchin as institutional sales traders in the firm’s Jersey City, New Jersey office. Fusco came from Credit Suisse where he was most recently a managing director of institutional equity sales trading and he previously served as head of U.S. sales trading. Before joining Credit Suisse, he was director of institutional sales trading at Wertheim. Minchin also is a Credit Suisse alumni and was an institutional sales trader and served on the broker’s U.S. equity operating committee. He also managed product teams including research, capital markets, algorithmic trading, middle markets, derivatives, prime brokerage and Delta One. Both will report to managing director Kevin McCaffrey.
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Apex Clearing has hired John Mollica in the newly created position of head of institutional business. Previously, Mollica was with Convergex where he was managing director for nearly three years. Before that, he spent 10 years as vice president of training at Pershing, BNY Mellon’s financial services solution arm. Apex was created by Peak6 Investments in 2012 and led by Danny Rosenthal as CEO but he moved back to Peak6 last year. This follows the hiring of Scott Daspin who joined in April as head of sales and relationship management. Daspin spent 12 months as director prime brokerage at Triad Securities and specializes in algorithmic trading and hedge fund coverage.
On a related note, Michael Bird joined Triad Securities as a senior managing director, with responsibilities in their finance, operations and sales departments. Bird most recently was the president of Vandham Securities. Previously, he was with Merrill Lynch for almost 13 years. Before that, he worked at RJ Steichen & Co. from 1998 to 2000, according to LinkedIn. Before that, he served as managing director of equity trading for Dain Bosworth.
Nasdaq announced that Michael Ptasznik, a 20-year veteran of TMX Group Limited, has been appointed as chief financial officer effective July 11. While at TMX, Ptasznik served as its CFO since 2002. Prior to his appointment as CFO, he held senior positions including vice president, finance & administration and director, financial planning & analysis.
Wells Fargo Securities has named Alicia Reyes as its new head of EMEA. She has served as a board member of the firm since July 2015. Based in London, Reyes jointly reports to Walter Dolhare, head of Wells Fargo Securities’ markets division, and Rob Engel, head of Wells Fargo Securities’ investment banking and capital markets.
Jamal Tarazi, who joined high-frequency trading firm Global Trading Systems as a managing director and head of its European operations in July 2015, stepped down as a director of GTS Securities Europe, according to a Companies House filing. Tarazi, who had led Virtu Financial’s European trading operations before joining GTS, had responsibility for the firm’s entire business in Europe based in London. He had started the firm’s trading on European equity markets including the London Stock Exchange.
truePTS has announced Zohar Hod as its new chief executive officer. Hod comes from ICE Data Services where he was most recently global head of technology and data sales. He also served in senior positions with IBM, BearingPoint and SuperDerivatives.
Former BlackRock executive Paul Walker-Duncalf has joined boutique prime broker and asset manager Linear Investments. Walker-Duncalf was previously global head of equity trading at the mega money manager where he spent the last 25 years of his career. Prior to Blackrock, he did stints at Merrill Lynch Investment Managers and Mercury Asset Management.
Previous Trading Up columns:
LCH SwapAgent registered over 10,000 trades in 2021, a five fold increase.
Overall trading volumes across all products fell 8% from 2020.
Klimpel won Excellence in Human Clearing at Markets Media Group’s 2021 Women in Finance (U.S.) Awards.
Expansion to buy side increases multilateral netting opportunities for members.
RQD said it offers the first clearing platform built entirely on cloud-native, real-time technology.