PDQ Enterprises, operator of the Coda (Centralized On-Demand Auctions) ATS, formerly known as the PDQ ATS, has promoted Don Ross, its chief strategic officer, to chief executive officer. Ross brings over ten years of experience working for Getco LLC as a trader and business unit leader, where he gained deep expertise in equities market structure and proprietary electronic trading. In his prior role as CSO, he was responsible for PDQ’s growing research and development team, talent management and overall strategic product direction with a focus on optimizing the liquidity seeking and provision experiences for PDQ’s subscribers. Keith Ross moves from CEO to executive chairman.
Bulge-bracket broker Deutsche Bank announced three new appointments in its Autobahn Equities team in Asia as part of the firm’s global initiative to invest in its electronic trading platform. To that end, the bank hired Harj Bagria from Citigroup for the coverage and sales team. His arrival coincides with the build-out of the product development team in the region, with the recent appointments of Andrew Royal and Jason Lam to assist won DB’s Autobahn algorithmic trading platform — in Asia-Pacific. All three hires are based in Hong Kong.
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Execution broker BTIG hired Mark Corcoran as managing director for institutional equities. A 20-year industry veteran, Corcoran has spent his career focused on institutional equities in a variety of client coverage roles. Prior to BTIG, he was head of New York sales trading at FBR Capital Markets. Previously, Corcoran was a managing director of institutional equities at Macquarie Capital. Earlier in his career, he held similar roles at Lazard Capital, Lehman Brothers and Bear, Stearns. He will be based in New York and report to Richard Blank, Jr., managing director and head of global equities.
Mizuho Americas added Subhathra Pavan to its fixed income sales team. Pavan will focus on expanding the firm’s fixed income distribution capabilities in a number of securitized product areas. Also she will lead all domestic bank and government-sponsored enterprise (GSE) sales coverage strategy for U.S. fixed income. Pavan, a veteran with nearly 25 years of fixed income product experience. She comes from Deutsche Bank, where she was a managing director in cross rates sales covering GSEs and bank portfolios for both rates and mortgages. Prior to that, she held senior positions with the Federal Home Loan Bank system, including Treasurer of FHLB Dallas and Director of Term Funding for the FHLB Office of Finance.
Hanweck, a provider of real-time risk analytics on global derivatives markets, made several new hires in the areas of marketing, sales and client services. Molly McGregor joined as its chief marketing officer where she will build out and manage the firm’s marketing strategy and corporate communications efforts. A pro with over fifteen years of experience in financial services including ten years at the International Securities Exchange, where she most recently served as SVP of communications, marketing and government relations. Christopher Kong was hired as a sales executive, joining the firm from Moody’s Analytics where he oversaw sales efforts for banks, asset managers, insurers and corporates. Kong has over ten years of financial services experience. He join a team headed by Hanweck’s head of sales, Tom Watson. Olga Magotch was appointed account executive on the client services team. Magotch, with over nine years of financial services experience, was most recently at Pico Quantitative Trading. Lastly, Clare Dunne was named to as a client services engineer in its Belfast location. Dunne has over 10 years of experience in trading application and client support with companies such as Citi and Stellar Trading Systems.
ITG appointed Ruben Costa-Santos as director and head of foreign exchange, and Andre Nogueira as a director in its analytics team. Based in New York, Costa-Santos will be responsible for overseeing ITG’s foreign exchange activity across its analytics, execution and workflow technology product groups. He was previously head of foreign exchange platforms, Americas at Deutsche Bank AG. Based in London, Nogueira will be responsible for leading ITG’s analytics consulting efforts in Europe. He joined ITG from Bloomberg LP, where he worked on multi-asset-class trading analytics.
The firm also hired ex JP Morgan executive Brian Pomraning. Pomraning was the bulge firm’s head of Americas electronic equity trading and came aboard ITG on September 20 as a managing director and global head of strategy and planning, a newly-created role based in New York that sees him report to ITG’s chief financial officer Steven Vigliotti. Pomraning has worked with the broker’s CEO Frank Troise and the two have worked together at the bulge bank, as well as Barclays and Lehman Brothers. Pomraning was the London-based head of JP Morgan’s equity electronic trading business in Europe, the Middle East and Africa, before being named head of Americas electronic equity trading at the bank earlier this year. He has been on ‘garden leave’ since June.
Mega money manager Vanguard promoted Sean Hagerty, principal and global head of its portfolio review department, to head of Europe. Hagerty replaces John James who is moving to the US to become head of the firm’s human resources division. Hagerty has worked at Vanguard for 20 years, serving as head of corporate strategy and principal of retail marketing and communications.
Previously in Trading Up:
- TRADING UP: Shay Joins Nasdaq From Virtu; BTIG Adds Silver and McSweeney
- TRADING UP: Mulieri Rejoins ITG; Citadel Adds SEC Alum Gregg Berman
- TRADING UP: EBS BrokerTec Names Seth Johnson CEO; O’Kane Joins Two Sigma