09.18.2017
By John D'Antona

TRADING UP: Wedbush Adds Barry, Slovak for Futures

Steven Slovak, Wedbush Securities

Wedbush Securities has hired futures trading veterans William Barry and Steven Slovak as Managing Directors to help grow and serve its institutional clients. The pair will work in the firm’s Fixed Income Financing, Futures and Rates Group and report to Managing Director Scott Skyrm. The two are based in Wedbush’s New York office and will focus on expanding Wedbush’s presence in the futures, options, and fixed income spaces – leveraging a combined 60+ years of experience to help establish and further develop relationships with institutions seeking customized, low-latency trading services.

Bill Barry brings over 27 years of experience in securities trading business development. Previously, he served as Head of Global Business Development at Sage Trader, and as Managing Director at TFS Derivatives Corporation in New York. With a track record of work with institutional clients, Barry also worked in global business development at Jefferies, and 15 years leading international business development at Penson Worldwide.

Steve Slovak also served in Global Futures Business Development at Sage Trader, and as Director at TFS Derivatives Corporation. Previously, he worked at Jefferies, Inc., spending five years working in business development at Penson, and 12 years managing the international trade desk at Fimat USA, LLC.

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

Nick Savona, AX Trading

Market veteran Nick Savona has joined AX Trading as a Senior Advisor. Savona, a 26 year professional, was last with Global Maxfin Capital, a Toronto-based investment broker-dealer. While there, he sat on the institutional sales desk and launched a business handling employee stock option exercises and buybacks for public and private issuers. He has worked at TD Securities, ITG Canada, Northland Capital Partners and Liquidnet, as well as being active in the Securities Traders’ Association.

Torstone Technology, a provider of post-trade securities and derivatives processing, has hired Mack Gill as Chief Operating Officer (COO) and member of the Board of Directors, based at Torstone’s London headquarters. Gill has a wealth of experience in capital markets technology, having worked with the world’s leading exchanges, clearing houses, depositories, banks and brokers; most recently in his role as CEO of MillenniumIT, a leading trading technology company and subsidiary of London Stock Exchange Group. Prior to that, he had a long tenure as a senior executive of global technology group, SunGard (now FIS), where he held a number of leadership roles including president of SunGard Technology Services, with responsibility for SunGard’s global technology strategy and consulting business.

The C rex Group, a New York City-based institutional foreign exchange execution services and data analytics company, onboarded Andre Severi as Managing Director. Based in London, Severi will focus on the development of customer relationships for C rex throughout continental Europe, the UK, Ireland and the Middle East. A 25 year FX markets veteran, he has held numerous senior sales leadership positions at leading global banks – most recently as Head of European Institutional FX Sales for Royal Bank of Canada (RBC) in London.  Prior to his relocation to the UK, he was Head of Institutional and Hedge Fund FX Sales in North America for RBC.  Before that, Severi served as Head of European & Middle East Institutional FX Sales for State Street Bank in London where he spent 14 years. He started his career at Credit Agricole where for five years he worked as Vice President and Senior Trader FX, both in Paris and New York.

EAB Investment Group named former Deutsche Asset Management Investment Strategist Arnim Holzer to Fund Advisory Team as Client Portfolio Manager, in addition to his existing role as its Macro and Tail Risk Strategist. In his new role, Holzer will be responsible for building and communicating comprehensive risk management approaches to the group’s client base of institutional investors. He joined EAB Investment Group in September 2016 from ASH Strategy, an asset management advisory and consulting firm he founded, that offered a proprietary tail risk advisory service for institutional and HNW investors. Prior to ASH Strategy, Holzer was Chief Investment Officer of Israel Discount Bank of New York (IDB) where he was responsible for executing the firm’s investment management business strategy and establishing its investment operations and marketing infrastructure to roll out its offshore funds. Previously, he was Director, Asset Allocation Portfolio Manager and Strategist for Deutsche Asset Management (DeAM) and Chair of its Asset Allocation Committee.

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