In a move to strengthen their global sales trading, New York's Arnhold and S. Bleichroeder named Stephen Tatz head trader of the department. Tatz, a former head South African trader at the firm, reports to Geoffrey Collier, head of equities at Bleichroeder.
Four additional traders joined the global sales staff at Bleichroeder, reporting to Tatz. Roger Simpson moved from GFI Group in New York, where he was an inter-dealer broker. Kent Penney was previously an institutional salesman at New York's Alexander, Wescott & Co. Abigail Williams joined the firm from Josephtal & Co. in New York. And Chris Kramer was internally transferred from the convertible-bond trade desk.
Merrill Lynch & Co. named Jeffrey Peek head of its asset-management unit in the wake of the firm's $5.3 billion merger with London's Mercury Asset Management Group. Peek will be responsible for coordinating Merrill's $275 billion worldwide asset management activities. Previoiusly co-head of investment banking at the financial giant, Peek will be based in New York.
Richmond-based Scott & Strinfellow promoted David B. Marino to senior vice president. He serves as head position trader and manager of Nasdaq trading at the firm. Marino, a 14-year industry veteran, has been with Scott & Stringfellow since 1989.
Elizabeth Wood was named a senior sales trader for the international institutional equity-sales and trading division of New York-based Cantor Fitzgerald & Co. Wood is responsible for executing orders on non-U.S. equity products for the firm's leading institutional clients. She closed out her own independent firm, Robinson Investment Group in New York, to join Cantor.
The National Association of Securities Dealers appointed Gregor S. Bailar chief information officer for the organization and its subsidiaries, NASD Regulation and Nasdaq. In his newly-created position, Bailar will oversee all aspects of information technology, reporting to NASD Chief Executive Frank Zarb, and Richard Ketchum, NASD chief operating officer. Bailar, formerly a managing director and vice president of advanced development for global corporate banking at New York-based Citicorp, will be based in Washington.
The NASD also promoted John M. Hickey to chief technical officer, responsible for technology operations at the NASD. Hickey will continue in his current responsibilities at Nasdaq as an executive vice president of technology services, responsible for the day-to-day operations of the Nasdaq stock market. Hickey is based in Washington.
Dean Bruskof joined Sharpe Securities in New York as a director of exchange services on the floor of the New York Stock Exchange. Bruskof previously served in the same capacity at the NYSE for Chicago-based Rodman & Renshaw.
Campbell & Co. named Bruce Cleland chief executive officer, to replace Keith Campbell, the firm's founder and principal. Campbell will continue as chairman.
Citicorp Securities Services appointed Michael Richter president, responsible for marketing, product management, sales and trading. Richter, previously with the firm's distribution and investment-products group, reports to Ashok Bhatia, chief executive and chairman of Citicorp.
The New York-based brokerage firm also named Dennis M. Sarf a senior vice president of business development and correspondent-clearing sales. Sarf joined Citicorp from New York-based accounting and consulting giant Coopers & Lybrand. He reports to Richter.
Wesley M. Oler, head of equity trading at Brown Brothers Harriman & Co. in New York, was promoted to senior manager at the firm. A 19-year veteran at Brown, Oler supervises the domestic and foreign institutional trading desks, as well as the listed brokerage operation and electronic-trading group. He also serves on Brown's brokerage-management committee.
New York-based Cantor Fitzgerald appointed Joseph Simon chief financial officer. Simon will direct all of the firm's global finance and treasury operations, supervising a staff of more than 250 financial specialists. He previously worked as an international controller at Cantor.
Everett M. Ehrlich, a former undersecretary of commerce during the Clinton administration, joined the Securities Industry Association as an economic consultant. Currently, Ehrlich heads his own Washington-based consulting firm, ESC Company, which he formed last year after leaving his adminsitration post. Replacing outgoing SIA economic consultnat Jeffrey Schaefer, Ehrlich will report directly to SIA President Marc E. Lackritz.
One of two New York Stock Exchange vice chairman, James Jacobson, will step down from their post in June and not seek reappointment. Jacobson served as a vice chairman from 1992 to 1993, and was elected to his second term in 1996. The NYSE board appoints the two vice chairman to serve two-year terms. Jacobson, head of a specialist firm Benjamin Jacobson & Sons on the Big Board floor, served on the NYSE board from 1987 to 1993.
ABN AMRO Chicago Corporation has changed its name to ABN AMRO Incorporated.
Separately, the Windy City-based firm named Timothy J. Leach president and chief executive of its U.S.-registered investment advisor, ABN AMRO Asset Management. Leach was previously president and chief investment officer at Qualivest Capital Management in Portland.
New York-based Dresdner Kleinwort Benson North America, the U.S. investment-banking arm of Dresdner Kleinwort Benson, named Linda Byus and Jim Falvey senior equities research analyst. Byus joined Dresdner from Toronto-based Nesbitt Burns, and will specialize in the electric-utility industry. She will be based in Chicago. Falvey, previously with recently merged Smith Barney, will work in the firm's Boston office as an integrated-oil analyst.
Dresdner also hired Mike Cody as a senior sales trader, and Lee Middlekauf as a senior salesman. The two will be based in the New York domestic equities group. Cody was previously wit NatWest Securities in New York. Middlecauf was formerly a salesman at Boston-based Tucker Anthony.
Global giant Merril Lynch appointed E. Stanley O'Neal its chief financial officer. O'Neal previously served as co-head of Merrill's corporate and institutional client group, which includes investment banking and securities trading worldwide. Based in New York, he succeeds Joseph T. Willett, who will become chief operating officer for Africa, Europe and the Middle East.
