05.01.2017

TRADING UP: JPM Lands Cash Trader, BTIG Snags Trio

05.01.2017

JP Morgan has hired a senior equities trader from Credit Suisse to head its US cash equity trading team, part of the firm’s current reshuffling of its equities team. Matt Mallgrave joined the desk after just oe year or so at rival Credit Suisse – where he was head of Americas equity flow trading. Before that, Mallgrave was a top dog at Goldman Sachs running its cash high-touch desk in the U.S. The bank, according to sources has also elevated Michael Bossidy to head of global cash equities from being only head of Americas equities sales.

John Molinelli has joined Guggenheim Partners. Molinelli onboards as Director. Execution Sales. He came from Deutsche Bank where he was Director, Head of Execution Sales North America. Before that, he was Executive Director, Head of Global Execution Sales at UBS. He started his career at Bloomberg in 1994 as a sales representative.

If you have a new job or promotion to report, let me know at jdantona@marketsmedia.com

Ansel Hall, BTIG

BTIG announced it has onboarded Ansel Hall, Stephen Ortiz and Anthony Wayne in its Investment Banking and Equity Capital Markets Groups. Hall, Ortiz and Wayne will collaborate with the firm’s existing investment banking and equity capital markets professionals to structure transactions, develop deal opportunities and strengthen the advisory capabilities of both businesses. BTIG’s three new hires will be based in the San Francisco office.

Hall joins BTIG as a Managing Director and Head of Consumer Investment Banking. Prior to BTIG, he held several senior investment banking roles at JMP Securities, Banc of America Securities, Montgomery Securities and Merrill Lynch.

Ortiz begins as the Head of Syndicate and Co-Head of Equity Capital Markets. Prior, he spent 14 years as Head of Equity Capital Markets and Syndicate at JMP Securities.

Wayne will be a Managing Director and Head of Real Estate Investment Banking. Before BTIG, he spent 13 years at JMP Securities in real estate investment banking, most recently as a Managing Director.

Japanese bank Nomura is growing its EMEA business in London. The bank already appointed Anant Swarup, head of North American rates, to head of emerging markets macro in EMEA last August. People within the firm told Markets Media that it landed Gokhan Buyuksarac, rival Goldman’s top emerging markets trader, to join the firm. He left Goldman in April. Calls to Nomura or Buyuksarac were returned to confirm but one source with knowledge of the matter said Buyuksarac is likely to get a very senior role  – similar to what he held at Goldman – possibly head of all EMEA trading. In April the bank also landed  David Ishoo Mirzayoo, a veteran emerging markets trader who came from Societe Generale.

Sandro Berardelli has joined UBS’s global hedge fund sales team, leaving his senior position at Morgan Stanley. At Morgan, Berardelli was executive director at Morgan Stanley for around eight years and prior to that worked at Merrill Lynch for around four years. In his new role, he’ll help run UBS’ global hedge fund sales team in New York. He reports to head of global hedge fund sales Hunter Brown.

Sandro Berardelli, UBS

Hong Kong Exchanges and Clearing and the London Metal Exchange appointed Matthew Chamberlain as Chief Executive of the LME. James Proudlock was also named as Managing Director and Head of Market Development for the LME and LME Clear. Chamberlain has been the interim Chief Executive since January 2017 and was previously the Chief Operating Officer and Head of Strategy of the LME, and co-Head of Business Development across the LME and LME Clear. Before joining the LME in November 2012, Mr Chamberlain advised HKEX on the acquisition of the LME while heading European financial technology coverage at UBS.

The Depository Trust & Clearing Corporation, (DTCC), announced that four new members have been elected to its Board of Directors. The new directors are Michael Herskovitz, Director of Fixed Income Risk Operations and Technology and Co-Head of Enterprise Operational Risk at AllianceBernstein; Kathleen Lynch, Chief Operating Officer for UBS Americas and Wealth Management Americas; Umesh Subramanian, Co-Head of the Goldman Sachs Technology Division; and Lara J. Warner, Chief Compliance and Regulatory Affairs Officer at Credit Suisse and a member of the Executive Boards of Credit Suisse Group and Credit Suisse.

Herskovitz joined AllianceBernstein in 2006 from UBS, where he was the managing director for the risk and finance technology function.

In her role as Americas COO, Lynch is focused on further integrating all of the firm’s businesses and support functions and strengthening UBS’s regulatory and operating framework across the Americas Region. Lynch joined UBS in June 2012 from Merrill Lynch where she served in a number of leadership positions across Global Research and Investment Banking.

Subramanian is the global co-head of the Technology Division at Goldman Sachs, and serves as a member of the firmwide Risk, Finance, Model Risk Control, and Technology Risk committees, as well as the Investment Banking Division Technology Investment Committee

Warner is responsible for all compliance and regulatory matters for Credit Suisse globally and across all businesses and functions.

The new appointments replace Darryll Hendricks, Chief Operating Officer for Global CCS and Regional Operating Officer in the Americas for UBS Investment Bank; Cynthia Meyn, Executive Vice President and Senior Operations Manager at PIMCO; and Derek Ross, Former Partner at Deloitte U.K., each of whom have completed their terms.  Paul Walker, Advisory Director at Goldman Sachs, did not stand for re-election.

Hotspot, a CBOE Holdings, Inc. company, announced Jon Weinberg’s appointment as Head of FX Liquidity Analysis. Weinberg, who was previously the Head of Liquidity Management within the FX e-trading group at UBS, takes a newly-created role at Hotspot. He is responsible for creating sophisticated data analytics that will improve and enhance the trading experience of Hotspot’s many hundreds of participants. Based in London, Weinberg reports directly to Bryan Harkins, Head of U.S. Equities and Global FX at CBOE.

Weinberg has both buy-side and sell-side experience. Prior to joining UBS, he spent four years as a FX Quantitative Electronic Trader at KCG. Before that, he was a Quantitative Analyst at Morgan Stanley, also in a spot FX e-trading group, and a Foreign Exchange Options trader and Quantitative Analyst at BNP Paribas. He is a graduate of McGill University in Montreal and holds a Ph.D. from The Wharton School, at the University of Pennsylvania.

trueEX, a swaps execution and processing firm, has hired Chris Yoshida, former head of Rates Sales at Deutsche Bank and Morgan Stanley. At trueEx, he will spearhead sales, marketing and strategy and join CEO Sunil Hirani and President & COO Karen O’Connor on the executive team.

Symbiont added Yale Professor Zhong Shao to its Technical Advisory Board. Professor Shao is working closely with Symbiont to ensure that its smart contract language supports the highest levels of security and integrity in enterprise software. With three-decades in computer science, Shao currently leads the FLINT research group at Yale, where he is a key figure in the development of many proof-carrying code and certified software technologies.

Neudata Limited announced that Stephen Morse has recently joined the firm as an advisor for the U.S. market. Morse was most recently Head of Global Financial Data Partnerships at Twitter. He will be based in New York City and will assist in bringing Neudata’s alternative data intelligence platform to hedge fund managers and other institutional investors based in the U.S.

 

 

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