TRADING UP: IEX Adds Guinan and Yam; Pearson to JPM04.29.2019
The Investors Exchange (IEX) added two senior hires executives, Bill Guinan and Jonathan Yam, to lead business and technology development, respectively. Guinan, the new Head of Business Development, spent the last 14 years at Bernstein, most recently as Head of U.S. Sector Trading. Yam joins IEX as Head of Technology Development, where he will lead the team responsible for building and refining new products and features to enhance IEX’s performance. He was previously Director at Citi, where he led a team of more than 50 developers with global responsibility for the development of electronic trading systems. Both assume their new roles on June 3. Guinan will report to IEX President Ronan Ryan, and Yam to Chief Technology Officer Rob Park.
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J.P. Morgan hired Philip Pearson, the former head of algorithmic trading for the U.S. and Latin America at ITG. At ITG, Pearson was a product manager in the algorithmic trading group responsible for dark pool aggregation products before being promoted to the head of algorithmic consulting.
Rich DeLayo will be joining Raymond James as a Senior Vice President and electronic sales trader to support the launch of the RJET Electronic Trading Platform, which will be rolling out over the next few quarters. DeLayo is a 25+ year veteran on the Street, having spent the last four years with KCG/Virtu and the previous 12 with RBC. DeLayo will be reporting to David Cannizzo.
Another senior equities trader has left Goldman Sachs and is headed to rival JPMorgan Chase, according to efinancialcareers. Edward Rossetti, the head of ETF Trading in the US at Goldman Sachs, is leaving for a similar role at JPMorgan, according to people familiar with the matter. Rossetti has more than a decade of ETF trading under his belt, and has experience with both equity and fixed-income products, as well as futures and swaps. He started out at Merrill Lynch in 2006 and moved to Goldman in 2008.
Northern Trust has named Guy Gibson as global head of Institutional Brokerage and Anna Ranaldi as global chief operating officer of Institutional Brokerage. Gibson, based in London, and Ranaldi, based in Chicago, will continue to report to Michael Vardas, global head of Northern Trust Capital Markets. Gibson, was most recently head of Northern Trust’s Institutional Brokerage for Europe, Middle East and Africa and Asia-Pacific. Prior to this, he co-founded Aviate Global LLP, which was acquired by Northern Trust in 2016. Ranaldi joined Northern Trust in 1986 and held a number of leadership positions in Asset Servicing and Asset Management before joining Capital Markets in 2009. Alongside her new global role, Ranaldi will retain her responsibilities as president of Northern Trust Securities, Inc. (NTSI), Northern Trust’s US broker-dealer.
OCC, the world’s largest equity derivatives clearing organization, announced the re-election of Craig Donohue as Executive Chairman of the Board, along with the election of three Class III Member Directors and two Class I Public Directors to its Board of Directors.
The following Directors were unanimously elected as Class III Member Directors:
- Kurt M. Eckert, Partner, Wolverine Trading. Mr. Eckert joined the OCC Board of Directors in 2017. His term expires in 2022.
- Jonathan B. Werts, Managing Director, Head of Midwest, Bank of America Merrill Lynch. Mr. Werts joined the OCC Board of Directors in 2012. His term expires in 2022.
- William T. Yates, Treasurer, TD Ameritrade. Mr. Yates joined the OCC Board of Directors in 2016. His term expires in 2022.
Insight Investment onboarded Jon Morgan as its new Head of Consultant Relations, North America, a newly-created role. Morgan will help develop Insight’s consultant relationships as the firm responds to pension plan sponsors seeking strategies for their evolving liability and liquidity needs. He will also cover consultant-supported platforms and retail offerings. He will be based in New York and report to Paul Hamilton, Global Head of Consultant Relations.
Olivetree Financial landed Dave Memmott for its U.S. Long/Short sales team. Memmott, a t20 year veteran, joins as a Managing Director and will be based in its New York office where he will be responsible for sales coverage of many U.S. based Clients. Most recently he was a Managing Director at CLSA as the Head of North American execution services. Memmott also held similar roles at ISI, as well as the Head of Cash Trading at Morgan Stanley.
InvestCloud Inc., a fintech firm, has appointed Robert O’Boyle as Senior Vice President of Sales to its New York office. In this new position, O’Boyle will head up InvestCloud’s sales efforts focused on the traditional Advent Axys and APX market. Prior to joining InvestCloud, O’Boyle was Managing Director, Americas for Asset Control and was responsible for their sales and marketing efforts within the United States, Canada and Latin America. Before that, O’Boyle was a long-time Advent sales person focused on Axys and APX during its long period of growth prior to the SS&C acquisition.
The group is conducting a strategic review that includes transforming the investment bank.
New participants and infrastructure providers are participating in markets.
More than 78 asset managers have submitted responses to the CAMRADATA Live diversity & inclusion database.
Assets under management, revenues and profits fell in the second quarter.
He was formerly chairman and CEO of RJO & Associates, the independent futures brokerage and clearing firm.