12.12.2016

TRADING UP: SEC Loses Ceresney; Wedbush, FlexTrade Add Pros

12.12.2016

The exodus from the U.S. Securities and Exchange Commission continues as Andrew Ceresney, director of enforcement at the regulator, was the latest to announce his departure Ceresney has held the position for nearly four years and has overseen more than 2,850 enforcement actions and fines totaling $13.8 billion.

Triad Securities announced its expansion into the Boston area with the hiring of Tom Landsbergen as Director, Prime Brokerage Sales. Tom has over 22 years’ experience in the Prime Brokerage industry. Before joining Triad, Landsbergen was responsible for Prime Brokerage Sales and Client Service for JP Morgan and Bear Stearns in New England and Canada for 16 years. Prior to that, he held various positions with the Prime Brokerage platforms of Furman Selz/ ING Barings as well.

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ceresney

Andrew Ceresney, SEC

Wedbush Securities announced the appointment of Bob Fitzsimmons as a Managing Director. In this capacity, Bob will oversee the business operations within the Futures Commission Merchant (“FCM”), with a focus on developing and defining the strategic direction for the Futures and Treasury division. Fitzsimmons is based in the Chicago office and reports to Executive Vice President of Wedbush Securities, Rich Jablonski. He joins Wedbush Securities from Coveney Trading LLC, his own proprietary options trading firm. Prior to that, he was CEO of Optionshop where he provided strategic direction and day-to-day operations for the online futures brokerage. He also held CEO tenures with several other financial services organizations including ITG Derivatives and NQLX.

Marex Spectron, an independent commodities broker, has hired three US power brokers as it invests in and expands into the US power market. The three are – Christopher Grosso, Christopher Moster and Brian Vooletich. Grosso and Moster join from Tullett Prebon, where they spent 15-years working together, and Vooletich joins from OTCGH, where he spent seven years, having previously traded electricity at Enron.  They join John Olsen, who was hired in December 2015 to establish Marex Spectron in the Northeast Power markets, having previously spent 20-years at TFS. The team is based in New York and follows the recent hiring of NGL broker, Jarrad Lewis, from ION Energy, and physical and financial Canadian Crude brokers, Justin Norbraten, Jay Mitchell and Tarun Ajwani from Shorcan Energy.

Deutsche Bank has lost another senior clearing executive. Jason Vitale, the bank’s co-head of listed derivatives and markets clearing for Europe, the Middle East and Africa (EMEA), resigned on December 7, Risk.net has learned. London-based Vitale also served as Deutsche Bank’s global head of foreign exchange prime brokerage. He is expected to take on a new role at another firm in early 2017. Vitale joined Deutsche Bank in 2004.

There has been a raft of departures at bulge bracket broker Credit Suisse lately. According to Business Insider, Gary Gunn, global program trading; Jill Shea, an equity research analyst covering the banking sector; and Ashley Serrao, an equity research analyst covering the banking sector, have all left. It was also reported that Guy Cirillo, the global head of business development for electronic products, had left as part of a round of layoffs and that Chip Clingham, the head of equity sales trading in New York, also left.

BNY Mellon has lured Deutsche Bank’s global head of prime brokerage Mark Haas and has named him itshead of principal securities finance in its prime services arm. Haas, who will be based in BNY Mellon’s New York office, had previously worked for Deutsche Bank in a number of senior prime brokerage roles over a ten year period, between 1998 and 2009, including the position of global head of prime brokerage. Prior to that, he worked as principal and COO for Hutchin Hill Capital between 2009 and 2012 before launching his own consultancy Nekton Partners, focused primarily on hedge funds and prime brokerage.

FlexTrade Systems, a provider of multi-asset execution and order management systems,  announced the appointment of Aaron Levine as Vice President, OEMS Solutions. Based in the company’s headquarters in New York, Levine will manage sales and business development for FlexTrade’s new OEMS solution, FlexONE. Levine comes to FlexTrade after spending three years at Bloomberg AIM, where he handled OMS sales and relationship management. Prior to Bloomberg, Levine worked at Eze Software Group for three years as an OMS business consultant.

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