Elio Manca, formerly head of KCG’s ETF sales in Europe who spent six years at the firm before departing last year before the Virtu deal, has taken a role as a managing director and head of sales and business development at ITI Funds. ITI Funds is a Russian fund platform that offers a range of emerging markets ETFs. Manca joined KCG Holdings in March 2010 after nearly six years at Citigroup, where he was a director in equity derivative sales. Before that, he spent close to seven years in equity derivative sales at Morgan Stanley.

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Ilya Ustilovsky, the former head of ETF quantitative research at KCG Holdings, joined Two Sigma in September as a senior vice president within its New York operation. He previously spent over eight years at KCG, having joined from UBS in 2009, where he was an executive director and quant researcher within its electronic volatility group. Ustilovsky was co-head of options market making at KCG until 2013, when he moved into his role heading up ETF quant research within its customer market making unit.

Goldman Sachs hired Nick Baltas as the head of research and development for its systematic trading strategies (STS) group. Baltas previously spent over four years at the UBS quantitative research unit in London. He will report to Tom Leake, global head of the STS sales strategy team, The Goldman STS group builds indices and strategies for all products traded within the bank’s securities division globally, using a proprietary platform across asset classes and geographical regions.

William Blair has announced Stephanie Braming, CFA will lead the William Blair Investment Management (WBIM) business. She will join the firm’s executive committee and will be based in Chicago. As global head of Investment Management, Braming will be responsible for the strategic direction of the business. Ms. Braming was most recently a portfolio manager for the William Blair International Small Cap Growth and William Blair International Growth strategies. In this role, she had responsibility for nearly $20 billion of client assets.

Former Bank of America Merrill Lynch executive Jon Yalmokas has joined Cantor Fitzgerald as the firm’s global head of prime brokerage. New York-based Yalmokas was set to join Canadian bank RBC earlier this summer to build out the company’s financing business for investment managers. However, a statement on Monday confirmed a move to Cantor for the executive who was head of Americas prime brokerage at BAML from 2011 until this year.

Cowen onboarded Miguel Roman for its Investment Banking team as Managing Director, Head of Leveraged Capital Markets and Syndicate. In his new role, Roman is responsible for leading the Leveraged Finance Capital Markets and Syndicate function and is based in Cowen’s New York City corporate headquarters. Roman joins Cowen with almost 30 years of industry experience, most recently working at RBC Capital Markets where he was Co-Head of the U.S. Loan Capital Markets Team.  Prior to working at RBC, he spent almost 20 years with JP Morgan, the last few years as a Managing Director in the Syndicated and Leveraged Finance Group. He reports to Craig Zaph, Managing Director and Head of Leveraged Finance and Debt Capital Markets.

Leucio Iacobelli joined INTL FCStone Financial as part of the sales team in Equities focusing on Broker Dealer and Institutional clients. Iacobelli will serve as a  Vice President, based in INTL’s Midtown office in New York. A market veteran with over 21 years of experience at firms such as KCG, UBS, and most recently Arxis Capital.

Burke Cook, previously Managing Director at Tower Research Capital was named as General Counsel at Soteria LLC a cyber security firm based in Charleston, SC, that focuses heavily within the financials sector.

Fidelity Investments announced that Michael Durbin, has been named president of Fidelity Institutional, the division of Fidelity that provides clearing, custody, trading services, technology and investment management products and solutions to financial intermediaries and institutions. Durbin, who was previously head of Fidelity Institutional’s product and platform technology group, succeeds Jeffrey Lagarce, a long-tenured Fidelity executive who will be transitioning to a senior advisor role. Prior to joining Fidelity, Durbin acted as chief operating officer of the National Sales Division for Morgan Stanley’s Global Wealth Management. During his 18-year tenure with Morgan Stanley, Mr. Durbin held various leadership positions, including head of Capital Markets, head of International Private Wealth Management and chief strategic and risk officer for the Global Individual Investor Group. He will report to Abigail Johnson, chairman and chief executive officer of Fidelity, and join the Fidelity Operating Committee.

Robert (Bob) Becker Joins JonesTrading and will head Capital Introduction. In this role, Becker will be responsible for building the firm’s Capital Introduction offering – the focus will be on alternative investment managers, institutional investors, and family offices. He has held similar senior roles at other firms including Jefferies.