FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet.
Here at Traders Magazine, our weekly On the Move column is reliably one of the week’s most-read articles. This is no surprise; after all, as people we care deeply about our own careers, and we’re also very interested in what clients, colleagues and competitors — present and past — may be up to these days.
But what about the long view, i.e. who’s doing what, much, much later? Is he or she still in the business? Retired? Perhaps no known forwarding address?
Read on for a 1996 Traders Magazine On the Move equivalent article, with updates to the current day in parentheses. Sourcing is LinkedIn, employer websites, or media reports.
—–
In a move to strengthen their global sales trading, New York’s Arnhold and S. Bleichroeder named Stephen Tatz (2020: Managing Director, Senior Equity Sales Executive at Jefferies) 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 (2020: Financial Advisor, Charter Oak Financial) moved from GFI Group in New York, where he was an inter-dealer broker. Kent Penney (2020: Sales Trader, Investec) was previously an institutional salesman at New York’s Alexander, Wescott & Co. Abigail Williams (2020: ?) joined the firm from Josephtal & Co. in New York. And Chris Kramer (2020: ?) was internally transferred from the convertible-bond trade desk.
Merrill Lynch & Co. named Jeffrey Peek (as of 2015: Executive Vice Chairman, Bank of America) 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. Previously co-head of investment banking at the financial giant, Peek will be based in New York.
Richmond-based Scott & Stringfellow promoted David B. Marino (2020: SVP Regional Sales Manager, Wells Fargo Middle Market Banking) 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 (2020: ?) 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 (2020: Innovator, Advisor, Technology Executive, Philanthropist) 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 (2020: Deputy Director, Finra) 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 (most recently Options Trader at Sumo Capital) 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 (2020: Retired. Inducted into the FIA Futures Hall of Fame in 2009) chief executive officer, to replace Keith Campbell, the firm’s founder and principal. Campbell will continue as chairman.
Citicorp Securities Services appointed Michael Richter (2020: Board of Directors at Cboe Global Markets) 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 (2020: Executive Vice President, Quadron Data Solutions) 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 (2020: Chief Investment Officer, Revolutionary Retirement Consulting), 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 (2020: Managing Director and Chief Financial Officer, Moelis & Co.) 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.
—–
This is just a snapshot of a very limited sample of financial professionals, but this particular On the Move ‘class’, if you will, seems to have accomplished much since they appeared in Traders nearly a quarter-century ago.
IMAGE HEADER CREDIT: Wikimedia Commons
