Agency-focused Convergex has named Frederick Arnold as its new chief financial officer. Arnold will oversee all of Convergex’s global financial operations and will serve on the firm’s Executive Committee, responsible for providing organizational guidance and governance. With over 30-years of experience, he is currently director of Lehman Brothers Holdings Inc. and Corporate Capital Trust.
From 2009 to 2011, Arnold served as executive vice president and CFO of Capmark Financial Group (formerly GMAC Commercial Mortgage), and from 2006 to 2007, he oversaw the global finance functions of Masonite International as the firm’s executive vice president for finance. From 2000 to 2004, Mr. Arnold held senior financial positions at Willis Group Holdings, a global insurance broker based in London.
He has also two decades of investment banking experience, including positions at Arnhold & S. Bleichroeder, Smith Barney and Lehman Brothers.
Arnold will be based in New York at Convergex’s worldwide headquarters.
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Triad Securities, a New York-based broker-dealer, hired Scott Daspin as a director in its prime brokerage sales. Daspin is charged with new business generation and expanding Triad’s presence with Institutional clients such as hedge funds, family offices, and registered investment advisors. Daspin was previously at ConvergEx Group, where he spent 14 years, first as sales and business development in the build out of their international electronic products and then managing the electronic sales group. He also worked alongside the firm’s algorithmic development team, helping design customized algorithms and technologies that meet clients’ current investment strategies.
Richard Ryan, Anne Nordhagen and Rafael Caporale have joined Societe Generale from Jefferies as the break-up of the latter bank’s commodities trading unit continues. New York-based Ryan has become a director in SocGen’s cap intro team, part of prime services, Caporale is a director focused on LME base metals trading while Nordhagen is a vice president in metals sales.
Kevin Byrne, Fidelity Capital Markets’ head of transition management , left the firm June 12. Bryne was hired in 2010 in an effort by Fidelity to expand into defined benefit transition management and also increase its traditional Defined Contribution business. One source said Fidelity now might concentrate solely on its defined contribution business.
SS&C hired Bob Shepro to head its new private capital business unit. This new unit will derive value from SS&C’s cloud-based products and services to address specific needs of private capital market clients. Shepro, a senior vice president, will focus on supporting family offices, foundations and endowments. He is actually rejoining the firm as SS&C acquired his company Shepro Braun Systems and its flagship product Total Return. Most recently, Mr. Shepro was a managing partner of the consultancy Windward Advisory Group. He reports to Rahul Kanwar, senior vice president and global head of alternative assets.
