A selection of the new faces and new job titles on Wall Street and the rest of the U.S. capital markets for late October and early November. Congratulations!
BATS Global Markets announced the appointment of Chris Concannon as its president. Concannon is no stranger to the equities market. Formerly the president of high-frequency trading firm Virtu, he has been a prominent figure in the ongoing debate between HFTs, the exchanges and the buyside. He spent six years at Nasdaq as executive vice president, transaction services. He will be based in New York as part of the firm's executive committee. He will report to BATS chief executive Joe Ratterman.
Sidley Austin has named former U.S. Securities and Exchange Commission General Counsel Geoffrey Aronow as a partner in the firm's global Securities & Derivatives Enforcement and Regulatory practice. He will focus his practice on advising clients on SEC and CFTC enforcement matters and representing them before various federal agencies including the SEC, CFTC and other federal financial regulatory agencies, as well as advising on international regulatory matters. At SEC, Aronow served as the chief legal officer of the Commission and headed the Office of the General Counsel, which provides legal advice and counseling concerning the federal securities laws, administrative laws, and other laws to the Commission. During his tenure at the SEC, Mr. Aronow also held the role of senior counsel to Chair Mary Jo White. Previously, he served as CFTC director of enforcement. Aronow will be based out of the firm's Washington, D.C. and New York Offices.
In a wide-ranging retooling of its struggling business, UBS AG has hired Kevin Lecocq away from Deutsche Bank AG as its global head of products in asset management.
Lecocq begins work at the Zurich office next month after he leaves his global chief investment officer post at Deutsche Bank private wealth management. Elena Logutenkova of Bloomberg reports the details in a memo from Ulrich Koerner, who heads the asset management sector.
Bloomberg reports that Koerner took over the asset management division this year and is looking to boost annual pretax profit to 1 billion Swiss francs ($1.1 billion) in the medium term from 576 million francs last year by strengthening investment performance and increasing collaboration with UBSs wealth-management businesses with invested global assets of $1.92 trillion.
