07.11.2016

TRADING UP: Turner Joins Citadel from Microsoft; IEX Adds Donaldson to Board

07.11.2016

In a splashy cross-industry hire, Citadel hired Kevin Turner from Microsoft to be chief executive officer of its Citadel Securities market-making unit. Turner spent 11 years as chief operating officer at Microsoft, where he led a team of more than 51,000 employees in 191 countries. Turner was the driving force behind the sales and marketing efforts of Office 365 and the widespread customer adoption of Azure cloud. Prior to Microsoft, Turner spent nearly 20 years at Walmart, where he started as a cashier. Turner will be vice president of parent company Citadel.

Also at Citadel, Steven Lieblich was named chief technology officer for the firm’s hedge-fund business. A 30-year veteran of Morgan Stanley, Lieblich served in a series of senior technology roles, most recently as chief information officer. Before that, he led the technology division of Morgan Stanley’s institutional securities business, which includes investment banking and sales and trading. He previously led the equity technology group and the technology team supporting cross-asset electronic trading. Slated to start in the fall, Lieblich will report to Citadel CEO Kenneth C. Griffin.

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

IEX, which recently was approved to be the newest U.S. stock exchange, finalized appointments to the exchange’s board of directors. It added William Donaldson, the 27th Chairman of the SEC and previously CEO of the New York Stock Exchange, Jeff Charney, chief marketing officer of Progressive Insurance, and Jonathan Mariner, former executive vice president and CFO of Major League Baseball.

Other independent directors, previously disclosed, include Wade Massad, co-founder and of Cleveland Capital Management; Joseph Scafidi, director of trading of Brandes Investment Partners; Helen Scott, professor of Law and co-director of the Jacobson Leadership Program in Law and Business at New York University School of Law; and Jeffrey Sonnenfeld, the senior associate dean for Leadership Programs and the Lester Crown Professor in the Practice of Management at Yale School of Management.

Also, IEX’s buy-side Trading Advisory Committee selected the following interim Member Representative Directors: Brian Levine, Partner and co-head of Global Equities Trading and Execution Services at Goldman, Sachs & Co., and Jatin Suryawanshi, managing director and head of Global Quantitative Strategy at Jefferies LLC.

OCC, the equity derivatives clearing organization, announced that Geralyn Endo, Vice President at Bank of America Merrill Lynch; Gary Franklin, Vice President and Manager, Options Trading and Strategies at Raymond James; Frank Magnani, Global Prime Brokerage Institutional Sales at Interactive Brokers and Barry Metzger, Senior Vice President, Trading Services, Charles Schwab & Co., Inc. and Chief Executive Officer, optionsXpress, have joined the OIC Roundtable.

Endo currently serves as vice president, Bank of America Merrill Lynch where she focuses on the Instinct Options electronic execution platform. Franklin is a vice president, manager in options trading & strategies at Raymond James Financial. Magnani is affiliated with Interactive Brokers with primary focus on hedge funds, proprietary trading groups, and advisors. Metzger is the senior vice President of Trading Services at Charles Schwab, where he is responsible for the client experience, trading platforms, and education for Schwab’s active traders.

TMX Group announced that John McKenzie has been named CFO, effective July 1. McKenzie has been with the company for 16 years, most recently serving as president of the Canadian Depository for Securities Limited (CDS), Canada’s equity and fixed income clearing house and a wholly-owned subsidiary of TMX Group.

Previous Trading Up columns:

TRADING UP: Schroders Promotes Kyrklund; STA Tabs Combs for Planning

TRADING UP: Citadel Hires Knas in Chicago; CalPERS Names Interim CEO

TRADING UP: KCG Snags Fusco and Minchin from CS; Nasdaq Names Ptasznik CFO

A recent Markets Media article highlights how @tZERO is resetting its vision - focusing on partnerships, regulated infrastructure, and global scale to make tokenized capital markets a reality.

Under CEO @Alan_Konevsky, the company is leveraging regulatory momentum to enable…

Want to know who calls the shots on trading tech? We partnered with @WeAreAdaptive to interview capital markets professionals globally to uncover key trends and evolving patterns in technology deployment. Reach the report here:

Load More

Related articles

  1. The winners at the first Trader TV Awards USA, that took place on October 30th 2025 are...

  2. The U.S. administration withdrew its nomination of Brian Quintenz to lead the regulator.

  3. In January Citi appointed Naveed Kamal as CEO of its new legal entity in the Kingdom of Saudi Arabia.

  4. Emerging Market FX Trading: Liquidity Challenges

    Expanding in credit is central to building a full-service offering for institutional clients.

  5. The board granted Fraser restricted stock units with a grant-date value of $25m and stock options.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these

Close the CTA