08.02.2016
By John D'Antona

TRADING UP: BAML Snags Maher for Electronic Sales; EBS Lures Tradeweb’s Shumpert

Bank of America Merrill Lynch has snagged market veteran Rob Maher as its new head of electronic trading sales for the Americas. Maher joined BAML in New York as managing director mid-July after spending the last two years at Nomura. Before that, he spent more than a decade at rival Credit Suisse in multiple electronic trading sales and strategy roles.

EBS BrokerTec, ICAP’s electronic fixed income and foreign exchange business, hired senior fixed income professional Nicole Shumpert from Tradeweb, where she was director and head of US Treasuries Market Development. Shumpert joined as Head of BrokerTec Direct, Americas and is responsible for the expansion of the group’s service and roll out to the US market. She reports to Serge Marston.

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CLSA Americas, the North American affiliate of Asian brokerage and investment group CLSA, announced three new hires within its institutional equities group. Pope Fabrizio joins as a managing director and senior institutional salesperson and will be based in Boston. Scott Bauer joins as a director and Michael Ferrara joins as a vice president within the newly formed Electronic Services division, the combination of portfolio trading and algorithmic trading under one product line. Both will be based in New York.

Fabrizio has over 20 years of institutional equity sales experience and was most recently managing director and head of US equity sales for Nomura Securities. Prior to Nomura, he spent 15 years at FBR Capital Markets where he was a managing director and senior institutional salesperson. Bauer will focus on sales and product marketing for the electronic services group, and was most recently a director of electronic and program sales & trading at Cowen Group. Prior to Cowen, he was an executive director in the electronic/global product sales group at Nomura and a director of program sales and trading at ITG.

CLSA also added Michael Ferrara who will focus on trading execution within the electronic services group, and was most recently director of sales at REDI Global Technologies. Prior to REDI, Ferrara spent 12 years at Goldman Sachs working in various divisions including electronic sales trading, algorithmic trading, project management, risk analysis and trade support.

State Street Global Markets saw at least three high-level executives depart the firm quietly in July. Thomas Bryant, head of agency execution for the Americas, leads the exodus, according to industry sources. Christopher Carlin, the firm’s chief operations officer for portfolio solutions, is also gone. Both were based in Boston. London-based Paul McGee is reported to be the last of the trio to seek greener pastures. McGee was involved in the firm’s transition business and management committee.

Eric Worth has been appointed as a vice president of Business Development and Head of the North East Region for IT consultancy Seidor in the United States. He will be responsible for the Office and operations in the north east of the country, based out of the offices in the New York area and will also serve as the VP of Business Development, helping Seidor to develop new lines of businesses. Worth came from a recruiting company where he was its director of Enterprise Architecture.

FlexTrade named Shane Remolina as its director of sell-side OMS technologies for North America. To be based in the company’s headquarters in Great Neck, New York, Remolina will head sales and business development for the firm’s sell-side OMS solutions. Remolina came to FlexTrade after spending nine years at Bloomberg Trading Solutions where he was head of sales for North America, involved in product development and  enterprise sales, all centered around their sell-side trading platforms. Prior to Bloomberg, Remolina worked for three years at Citi Group Capital Markets/Lava Trading selling low-touch algorithmic trading capabilities and OMS technologies to the sell-side.  Previous to Lava, Remolina worked for SunGard managing bulge bracket sell-side accounts from 2001 to 2003, and for Donaldson, Lufkin & Jenrette’s (DLJ) online retail trading desk handling equity and derivatives order flow from 1998 thru 2001.

The Depository Trust & Clearing Corporation added Lisa Pollina, former Vice Chairman for RBC Capital Markets, a division of the Royal Bank of Canada, to its Board of Directors. Pollina has joined the Board’s Audit Committee, Finance/Capital Committee & Risk Committee. The Board provides direction and oversight for DTCC in the interests of its diverse, global stakeholders, while promoting safety and stability across the financial markets. It is composed of 20 directors: 12 are representatives of clearing agency participants, four are non-participant directors, two are designated by DTCC’s Series A and Series B preferred shareholders, and two are DTCC’s Chairman of the Board and its President and Chief Executive Officer. Previously, she was the senior advisor to the CEO for RBC International on strategic corporate development actions globally. Before RBC, Pollina was the global financial institutions executive at Bank of America with responsibility for a global corporate banking division serving clients in Asia, EMEA, Latin America, Canada and the United States.

Cameron Lochhead has joined PGIM’s Institutional Relationship Group as a managing director. PGIM is the global investment management businesses of Prudential Financial, Inc. In his new role, Lochhead will focus on managing the company’s relationships and collaborating with many of PGIM’s largest U.S. clients including the chief investment offices of institutional, pension and retirement plans. He came from Russell Investments, where he was a regional director responsible for managing relationships with corporate and state retirement plan sponsor fiduciaries and executives including treasurers, CIOs, and analysts. Based in Newark, N.J., Lochhead reports to James Sullivan, head of PGIM’s Institutional Relationship Group.

J.P Morgan prime brokerage veteran BJ Marcoullier has left the company. He first joined the US investment bank in 1994 and went onto manage the firm’s Americas securities lending desk. Marcoullier’s most recent role was head of the North American liquidity and collateral team within JP Morgan’s equity finance division.

 

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