TRADING UP: Citadel Grabs Luparello, Moves Nazarali04.10.2017
Citadel Securities was busy last week. First, it hired former head of the Securities and Exchange Director of Trading and Markets, Stephen Luparello, as its general counsel. At the SEC, he oversaw the adoption of Regulation Systems Compliance and Integrity (Reg SCI) and also played a key role in the Commission’s efforts to enhance operational transparency and regulatory oversight of alternate trading systems (ATSs) that trade stocks listed on a national securities exchange, including dark pools. Additionally, he oversaw proposed rules that for the first time would require broker-dealers to disclose the handling of institutional orders to customers. Prior to his arrival at the Commission, Luparello was a partner at WilmerHale, in its Washington, D.C. office. Before that, he spent 16 years at FINRA and its predecessor, the National Association of Securities Dealers. As FINRA’s vice chairman, he was responsible for its enforcement, exam, market regulation, international and disclosure programs.
Also, the firm sees Jamil Nazarali, head of execution services, transition into a senior advisory role to the CEO, Peng Zhao. Nazarali arrived at Citadel in 2011, after holding a similar role KCG Holdings predecessor Knight Capital Group.
Lastly, Citadel appointed Sebastian Barrack as new head of commodities. Barrack had been Macquarie’s metals, agriculture co-head.
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Execution broker ITG promoted two new managing directors. First is Kiri Pettigrew, Head of Legal and Compliance for ITG in the Asia-Pacific region, is a 10-year veteran of the firm. She joined ITG in late 2006 after 10 years in private legal practice in Hong Kong and Australia. Also rising is Bryan Blake, Chief Executive Officer of TriAct Canada, a wholly-owned subsidiary of ITG which operates MatchNOW, Canada’s leading dark pool. Blake joined ITG in late 2015 after spending 17 years in a number of electronic trading sales and technology product management roles.
EBS appointed Tim Cartledge as global head of FX and head of product, and Jim Iorio as head of sales and head of FX Americas.
KeyBanc Capital Markets, announced the hiring of Chris O’Neill and Jeffrey Tucker to its securitized products sales team in New York City. O’Neill joins the bank as a Managing Director in KeyBanc Capital Markets Fixed Income Group. Jeffrey Tucker also joins the group as a Director.
O’Neill brings more than 12 years of fixed income sales experience to the firm. Previously he was a Managing Director at RBC, specializing in structured product sales focusing on non-agency, agency and ABS. Tucker brings more than 25 years of securitized product sales experience and joins from Credit Suisse Securities, where he was a director in the securitized products institutional sales group. O’Neill and Tucker report to Keith Newman and Michael Corsi, Co-heads of securitized product sales in the Fixed Income Group.
Nomura has made Steve Ashley its sole head of wholesale and global markets. His previous role was co-head of wholesale and head of global markets. Ashley co-headed the wholesale division alongside Kentaro Okuda, who is now regional head of Americas. He will be based in London and report to Tetsu Ozaki, group chief operating officer. Other changes at Nomura include the appointment of Rig Karkhanis as head of global markets for Asia excluding Japan, in addition to his role as chair of global emerging markets. He is based in Singapore. In addition, Tokyo-based Norikazu Akedo has become global head of equities.
The DTCC announced that Michael McClain has joined the firm as a Managing Director and General Manager of Equity Clearing.In this role, McClain will be responsible for leading day-to-day equity clearing business operations and strategic initiatives. McClain comes from the Options Clearing Corporation (OCC), where he served as Chief Operating Officer and was part of the Office of the Executive Chairman. He will report to Murray Pozmanter, Managing Director and Head of Clearing Agency Services.
OCC, the equity derivatives clearing organization, reported that John Davidson, a long-time senior executive with more than 35-years of experience in the global financial services industry, has agreed to join the organization as President and Chief Operating Officer, effective May 8th. Davidson joins OCC from Citigroup, where he worked from 2008 to 2017, most recently as Chief Compliance Officer. He will report to OCC Chairman and CEO Craig Donohue, and he replaces Michael McClain, Chief Operating Officer, who left OCC on March 31st for personal reasons.
OCC also appointed Adi Agrawal, currently OCC’s Chief Audit Executive, to a new role of Chief Business Transformation Officer.
MUFG Investor Services named Joe Latini as Executive Director for Relationship Management. Latini will be responsible for managing relationships with existing clients across MUFG Investor Services’ alternative asset servicing platform. Formerly a Director of US Sales at ENSO Financial Analytics, he brings over 18 years of experience from business development roles in the investment industry. Prior to ENSO, Latini spent the majority of his career at Morgan Stanley in various client facing roles. Most recently he was an Executive Director in Prime Brokerage, acting as a senior member of the Relationship Management team. Joe will be based in New York and will report to Mac Kirschner, Global Head of Client Relationship Management.
Rosenthal Collins Group, an independent futures clearing firm, onboarded Cary Musser as Head of Strategic Asset Management, a new role within the firm. Musser joined RCG this week with 30 years of investment and security lending experience, most recently at Wells Fargo Asset Management. In the new position, Musser will oversee the day-to-day investment management of the firm’s assets and customer segregated funds.
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