Clear Street has appointed Puneet Pardasani as global head of institutional sales and sales trading.
Puneet Pardasani
New York-based Pardasani will assume responsibility for the firm’s institutional sales and sales trading functions in his new role, as well as build out Clear Street’s distribution strategy for its institutional clients.
The appointment will also see Clear Street realigning its markets teams to report directly or ‘on a dotted line’ to Pardasani, including securities financing, derivatives, swaps, high touch and low touch execution and crypto.
He will report to John DiBacco, head of markets at Clear Street, who said: “He has spent his career building the distribution engines that connect sophisticated investors to global markets, and that is exactly the capability our platform is built to scale.
“His arrival brings institutional sales, sales trading and distribution onto one unified system and will help us deliver on our mission to give every sophisticated investor access to every asset in every market.”
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Pardasani joins the firm after spending over a decade at Bank of America, where he most recently served as global head of OneTouch, cross-asset distribution.
Prior to this, he worked at Goldman Sachs for more than eight years, where he served in various vice president roles across electronic trading and sales.
Pardasani’s appointment aligns with the hire of Scott Block, who joins Clear Street as a managing director, sales trader.
Block also joins from Bank of America, where he spent 11 years, most recently as managing director and head of Americas OneTouch distribution within global equities.