Michael Breheney has recently joined TD Securities as the new Head of U.S. Equity Sales Trading. Breheney brings extensive experience from his time at Bank of America, where he served as Managing Director and Head of Sales and Trading. His deep knowledge of the equity trading landscape, combined with his proven track record at Bank of America, Morgan Stanley and Deutsche Bank, makes him a valuable addition to the team. In addition, Adam Lent, Managing Director, has been named Head of TD Securities newly formed Equity Client Risk Systematic Solutions (CRSS) team. Lent will report directly to Rhys Brooks and has been with TD Cowen for over seven years. In his new role, he will oversee block distributions and capital commitment on the desk. He will also work closely with ECM/Syndicate, using his insights to strengthen capabilities and deliver even more value to clients. In addition, as part of TD Securities growing U.S. Prime Brokerage strategy, they’ve introduced a new Markets Prime Services Leadership Team, comprised of Ron Chin, Mike McBrien and Matt Popkin.
Stifel Financial Corp. has hired Brad Edgar as Managing Director and Lead Healthcare Equity Trader. He is based in the firm’s New York office and reports directly to R.J. Grant, Head of Global Equity Trading at Stifel. Edgar joins Stifel from Seven Grand Managers, where he served as Partner, responsible for all risk execution and trading of the firm’s equity portfolio. He brings more than 20 years of healthcare equity trading experience to his new role, having held the position of Head of
Healthcare Equity Trading at firms including BMO, Evercore, and UBS. He began his career in healthcare equity trading at Merrill Lynch.
STP Investment Services (STP), a global provider of technology-enabled, end-to-end investment servicing solutions, has added several senior leaders across operations, fund administration, compliance, and investment performance. Melissa Gingrich has been appointed Chief Financial Officer and Chief Operating Officer; David Goldstein has joined as Director of Fund Services; Ben Jones joins STP as Vice President of Business Development – Fund Administration; Lori Weston has been appointed Head of Compliance, leading STP’s new ComplianceAdvisor practice; Cynthia Kelly has joined as a Senior Compliance Consultant specializing in registered investment adviser compliance; Steve Leydet has joined STP as Vice President of Investment Performance.
The Securities and Exchange Commission has announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on January 20, 2025. Chair Gensler began his tenure on April 17, 2021, in the immediate aftermath of the GameStop market events. He led the agency through a robust rulemaking agenda to enhance efficiency, resiliency, and integrity in the U.S. capital markets. He also oversaw high-impact enforcement cases to hold wrongdoers accountable and return billions to harmed investors.
CDPQ, a global investor and one of Canada’s largest pension funds, has announced that Dame Sharon White is joining the group as Managing Director and Head of Europe. Her start date will be January 27, 2025. Until September 2024, Sharon was Chairman of the John Lewis Partnership – the largest employee- owned business in the UK – for a five-year term.
The World Federation of Exchanges, the global industry group for exchanges and CCPs, has elected seven directors to its Board for a three year term: Gilson Finkelsztain, CEO, B3; Korkmaz Ergun, CEO, Borsa Istanbul; Carlson Tong, Chairman, Hong Kong Exchanges & Clearing (HKEX); Julie Becker, CEO, Luxembourg Stock Exchange; Ed Knight, Executive Vice Chairman, Nasdaq; Ashishkumar Chauhan, Managing Director & CEO, National Stock Exchange of India Ltd; and Khalid Al Hussan, CEO, Saudi Tadawul Group (STG).
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