Chris Concannon joined New York-based Virtu Financial, a newly formed proprietary trading firm, as a partner. Previously, he led Nasdaq OMX Group’s transaction services unit, which oversees the parent company’s U.S. equities and options markets, as well as the European multilateral trading facility. He joined the exchange in 2003 from Instinet Clearing Services. While at Nasdaq, Concannon oversaw and integrated numerous acquisitions, including those of BRUT and Instinet, as well as the Philadelphia and Boston stock exchanges. He also increased the exchange’s market share in the trading of NYSE-listed securities. Additionally, he oversaw the launch of two new markets: Nasdaq OMX Europe and the Nasdaq Options Market.
Michael Pascuma, likely the oldest living stock trader in the U.S., reached the milestone of turning 100 years old in April. His 80-year career began before the Crash of 1929, when traders still called the American Stock Exchange “the Curb.” He left the floor two years ago-at age 98. In his time, mostly spent at the Amex, he’s had front-row seats to Wall Street’s many booms and busts. He also lived through the Great Depression and served in World War II. Through all the change, Pascuma has retained some constants: his buy/sell pad, his passion for horse racing and apple turnovers, his subway commute and his home in Queens.
Don Cottage joined Bridgeport, Conn.-based AltruShare Securities as a managing director of sales. Cottage, a 21-year veteran, spent his last five years as a managing director of sales at Pipeline Trading. There, he worked on the system’s launch. At AltruShare, he reports to managing partner Peter Drasher.
Pali Capital expanded its Boston office with three new sales traders. The new hires are Barak Shibles, a 12-year veteran who joins from Deutsche Bank as a director; Chris Pillsbury, a veteran of 10-plus years, who joins as a director from Bank of America in Boston, where he was a principal and head of sales trading; and Frank Casey, with more than a decade of experience, who joins as a director from Susquehanna Group. They report to Dennis Leddy, who runs the Boston office.
CastleOak Securities hired two traders. Daniel Doo joined as a managing director and will focus on the development of portfolio and index trading. Doo previously ran the index arbitrage proprietary trading desk at Nomura Securities. Gamal Walker joined as a director and will focus on the expansion of the firm’s agency trading business. Previously, he was a senior trader at Banc of America Securities and Citigroup. CastleOak is a minority-owned investment bank based in New York.
Deborah Mittelman joined Lime Brokerage as a director of products for U.S. equities. She will manage Lime’s products that specialize in automated and high-volume electronic trading strategies. A 24-year industry veteran in business development, compliance and technology, Mittelman moved over from Townsend Analytics. There, she led the product management division for Townsend’s RealTick execution management system for the past two years. She is based in New York.
Christopher Buck rejoined agency brokerage Capital Institutional Services after a seven-year hiatus. He joins as director of global sales in Dallas. Buck will help expand the firm’s commission management and agency trading businesses, as well as its consulting and sales efforts. Buck came from UBS, where he headed global sales for its soft dollars and directed commissions business. Prior to UBS, Buck spent 12 years at CAPIS, where he managed sales and oversaw the plan sponsor unit.
Ali Agboatwalla and Khoa Le joined brokerage LaBranche Financial Services as co-heads of the options trading unit of the firm’s structured products market-making subsidiary. Previously, Agboatwalla and Le were senior equity derivatives traders for Morgan Stanley for nine and seven years, respectively. They have been managers and traders in the options business and will manage and trade the equity and index options market-making business for LaBranche’s structured products. The two are based in New York and work under Ross Moore, chief executive of the firm’s structured products and holdings businesses.
Industry veteran Frank Masi joined All American Technologies as a managing director. Masi, a 40-year industry veteran with stints heading sales and trading at Instinet and international trading at Lehman Brothers, is working in a strategic role for All American, which is the holding company for two firms involved in the stock lending business: LendEX and locatestock.com.
John Carillo joined Investment Technology Group in New York as head of U.S. portfolio trading. In this role, he’ll execute portfolios for all U.S. clients, as well as offer high-touch counsel for complex portfolio transactions. Carillo joined ITG from JPMorgan Securities, where he was a senior sales trader in charge of marketing and trading global portfolios.
Robert Akeson joins Meridian Equity Partners as president and CEO of the New York-based broker-dealer. Akeson, a 25-year veteran, will oversee Meridian’s expansion of research and prime brokerage services. He was previously the COO of Neuberger Berman’s prime brokerage and clearing businesses.
Matt Andresen left Citadel Derivatives Group where he was co-CEO. Sources tell Traders Magazine he is on “gardening leave” for one year, due to a non-compete clause in his employment contract. Dave Smith, the other co-head, remains in charge of the business. Assuming Andresen’s duties are Andy Kolinsky, president and head of Citadel Execution Services for North America, and Marty Mannion, the group’s chief operating officer.
Don Heckman joined NYFIX’s sales trading desk in New York to cover the buyside and to drive flow to the firm’s dark pools and algorithms. Previously, Heckman, a 15-year industry veteran, was a sales trader at BNY ConvergEx for two years.
JonesTrading launched an overnight desk to trade international stocks in Charleston, S.C., hiring three new sales traders. The firm also hired a head of international program trading in New York.
Julien Libaire joined the Charleston office from Auerbach Grayson, where he headed trading for emerging markets. Kyle Newport signed on from international equity hedge fund K Capital Partners in Boston. Scott Hirshorn arrived from New York, where he traded international equities at ABN Amro. On the program side, JonesTrading hired Alvin Rodolfo, previously the director of global program trading at Societe Generale Americas. Rodolfo executes program business for U.S. customers in European and Asian markets.
Dallas-based Esposito Securities hired sales traders Frank Longman and Troy Nickerson to run its new Brighton, Mich. office. They joined from proprietary trading shop Timberline Capital Partners. Longman, a 14-year veteran, is a former portfolio manager. Nickerson arrives as a 15-year veteran with convertible securities and sales trading experience.
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