Dave Memmott joins International Strategy & Investment Group as a senior managing director and head of trading. Memmott, a 25-year veteran, previously spent 14 years with Morgan Stanley, where he held various roles in equity trading, including head of North American trading, head of the block desk and co-head of Nasdaq trading. Before joining Morgan, Memmott was a trader with Credit Suisse and Dillon, Read & Co. He oversees a desk of 21 traders and sales traders.
Paul Sangimino is expected to soon join Nomura Securities International as co-head of U.S. cash sales and will oversee sales trading. A Lehman Brothers veteran from 1995 until 2008, he joins from Citi, where he headed U.S. equity trading. He is expected to serve as co-head with Pascal Bandelier, who oversees risk. Both report to Ciaran O’Kelly, who heads U.S. equities for the Americas.
Needham & Co. hired three traders from GFI Group to establish an equity options sales and trading desk. The trio included Brett Marcus, previously head of trading for the CS Capital division of GFI; Sam Frankfort, who co-launched the CS Capital desk; and Marc Menachem, a derivatives sales trader at GFI.
Evercore Partners has brought on two trading executives to support its institutional equities operation, which it launched recently. Douglas DePietro is a managing director in charge of sales trading and trading execution. Scott Smith is a director in the group. Until March 2009, DePietro was a director in the U.S. equities division at Citigroup, where he served for 16 years. He was a position trader focusing primarily on the technology, media and entertainment sectors. Smith was a sales trader at DeMatteo Monness. Before that, he spent three years at Leerink Swann as a sales trader and four years at Morgan Stanley as a position trader.
Steve Panning joins KeyBanc Capital Markets as a sales trader in Chicago. Panning, a 15-year veteran, was previously with Banc America Securities/Merrill Lynch. He has been both a trader and sales trader in his career. Panning reports to Kevin Kruszenski, the firm’s director of equity trading.
Paul Manelis joins WJB Capital as a sales trader in Chicago. Manellis, a 12-year veteran, was previously a managing director in sales trading for Soleil Securities in Chicago. Prior to Soleil, he spent two years at money manager NorthPointe Capital, where he launched the firm’s trading desk. A sellside veteran, Manelis also had stints as a sales trader at WR Hambrecht & Co. and Piper Jaffray, where he began his career.
Linda Heuman joins Huntington National Bank as a senior trader in the firm’s private financial group trading equities, options and global securities. The 26-year veteran comes from National City Bank’s private client group, which is now part of PNC, where she worked for 12 years as a trader. She reports to William Doughty.
Paul Viviano joins Jefferies & Co. as head of U.S. event driven sales. Viviano, a 17-year veteran, oversees the sales of U.S. equities for companies that are involved in transactions or restructurings. He joins from Morgan Stanley, where he spent four years as a sales trader and co-head of special situations. He reports to Jim Carmack.
