10.16.2017

TRADING UP: Deutsche Nabs Huchro; Wecker to Goldman

10.16.2017

Deutsche Bank hired Paul Huchro to run global investment grade credit trading from the firm’s New York office. He will also be head of high-yield credit trading in the US and Europe. Huchro spent three decades at Goldman Sachs, where he was named a partner in 2008 and led the Wall Street bank’s US credit trading team. Deutsche Bank has hired 21 people to work in its European investment grade bond sales, trading and research businesses during the past 18 months, the bank added, while in the US, it has taken on 19 new staff in the same business over that period.

If you have a new job or promotion to report, let me know at jdantona@marketsmedia.com

Jeff Wecker, Goldman Sachs

Jeff Wecker has returned to Goldman Sachs as its new chief data officer. Wecker came from Bridgewater Associates where he served as head of front office transformation and will focus on the bank’s information and data strategy, business intelligence and commercialization. He will report to John Madsen and Ezra Nahum. Earier in his career, Wecker spent 11 years at Goldman from 1984 to 1995, according to his LinkedIn page.

Citigroup has hired Kris Hopkins, a former Bank of America Merrill Lynch and JP Morgan derivatives trader, to run futures execution in Singapore. Hopkins reports to Kevin Zolkiewicz, Citigroup’s head of futures execution for Asia Pacific.

Cowen announced that Drew Forman, Managing Director, Head of Derivatives Sales and Trading and Evan Karp, Director of Derivatives Sales and Trading, recently joined the firm’s Derivatives Sales and Trading team. Forman and Karp are responsible for further expanding Cowen’s institutional derivatives capabilities and report to Kyle Solomon, Managing Director of Alternative Equity Strategies.

Prior to Cowen, Forman was Managing Partner, Co-Head of Sales and Trading at Macro Risk Advisors (MRA) where he helped run the firm’s trading desk. Before joining MRA in 2012, he was a senior derivatives trader at Nomura Securities. In addition, he previously worked as a derivatives trader at JP Morgan.

Karp most recently worked as a sales trader at Macro Risk Advisors where he served as an execution touchpoint in the areas of index and equity options as well as cash and ETF products.  Prior to working at MRA, Karp worked in Institutional Equity Sales at BMO Capital Markets and was also a Sales Executive at SNL Financial.

AxeTrading, a leading fixed-income technology provider, hired Ivan Mihov as Sales Director. In this role, Mihov will be focused on the company’s global buy-side initiatives. He comes from MarketAxess, where he was responsible for buy-side sales in Germany, Austria and CEE. Before MarketAxess, he was part of Bloomberg’s sell-side trading systems team selling TOMS and ETOMS to Tier 1 and regional fixed income dealers in CEE, Germany and London.

Wedbush Securities has appointed Dan Billings as its Executive Vice President and Chief Financial Officer. Billings joined Wedbush in 2015 as the firm’s Senior Vice President and Controller. Prior to joining Wedbush, Billings served as Vice President, Treasury, and Senior Vice President, Legal Entity and Product Controller, at Jefferies’ high yield trading division. He eventually took on the role of Senior Vice President, General Ledger Controller. Preceding this, Dan served as Audit Manager at KPMG US, where he managed all aspects of audit engagements for SEC registrants, registered broker dealers, and asset managers.

Matthew Shatz, ETC

Joseph Hickey, a managing director and head of equity synthetics and stock loan trading for the Americas at Bank of America Merrill Lynch, left earlier this month. Hickey has held various roles at BAML during his 13 years there. He joined as a VP in 2004, from Goldman Sachs where he was a strategist within its research team. Initially trading swaps, he helped set up the Delta One trading desk before moving across to he up its US ETF cash trading division in December 2008. He made managing director in 2011, heading up its Delta One Index business and index financing business. Hickey took his latest role at the bank in August last year.

Electronic Transaction Clearing (ETC) announced recently that Matthew Shatz has joined the company as Managing Director overseeing its forthcoming Prime Services division based in New York. Prime Services provides execution, clearing, settlement, and custodial services to hedge funds and family offices. Shatz is also helping to advance and optimize services offered to the firm’s professional trading, high-frequency, and routing and introduced brokerage clientele. With more than 15 years of experience in the financial services industry, he comes from SageTrader where he was the Global Head of Execution & Clearing at SageTrader, LLC. Prior to that he was at Newedge USA.

OCC announced several promotions to its leadership team:

 Jim Kustusch, currently Senior Vice President, Operations, is being promoted to Executive Vice President, Strategic Clearing Initiatives – Functionality

Jean Cawley, currently Senior Vice President, Senior Adviser to the Executive Chairman and CEO, is being promoted to Executive Vice President, Senior Adviser to the Executive Chairman and CEO.

Dan Busby, currently First Vice President, Business Operations, is being promoted to Senior Vice President, Operations.

David Prosperi, currently First Vice President, Public Relations, Corporate Communications and The Options Industry Council (OIC), is being promoted to Senior Vice President, Public Relations, Corporate Communications and OIC.

Denise Knabjian, currently Vice President, Process Innovation, is being promoted to First Vice President, Process Innovation.

Kirstin Wells, currently Vice President, Enterprise Risk Management, is being promoted to the newly created role of First Vice President, Regulatory Policy.

Megan Cohen, currently Vice President and Associate General Counsel, is being promoted to First Vice President, Associate General Counsel and Corporate Secretary

Carole Bovard, currently First Vice President, Compliance Advising, is taking on a new role as First Vice President, Regulatory Relationship Management and Reporting.

Luke Moranda, currently Senior Vice President and Senior Special Information Technology Adviser, will take on a newly created position as Senior Vice President, Strategic Clearing Initiatives – Technology.

John Waris, currently Senior Business Analyst, is being promoted to Director, Strategic Planning.

Jefferies has just hired Timothy Roepke, a seven-year veteran of Credit Suisse, where he was a Technology, Media and Telecommunications (TMT) investment banking managing director in New York.

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