BTIG
Ian Power has joined BTIG as managing director, head of EMEA outsourced trading as the firm continues to expand its outsourced trading offering amid market shifts in the space.
Power had most recently served as head of UBS’ Execution Hub, EMEA, appointed to the role just weeks prior to UBS’ decision to shutter its outsourcing service.
Power left the business following its decision to exit, as revealed by The TRADE at the time.
In his new role, Power is set to build out the offering – as he did previously at UBS – across EMEA, The TRADE understands.
Stifel
Stifel has made an addition to its execution services team, appointing Matthew McNestry as managing director in low-touch trading, The TRADE can reveal.
London-based McNestry brings more than 20 years of industry experience to his new role, and is set to help drive the growth of Stifel’s low-touch franchise with institutional clients.
In his new position, he will report to Seema Arora, managing director and head of execution services at Stifel.
McNestry joins the US investment bank from Euronext, where he spent almost five years as head of sales, global buy-side and liquidity providers.
Prior to this, he also worked at Goldman Sachs from 2014 to 2019, joining the firm in a role covering equity principal liquidity solutions, EMEA, before later becoming head of execution platform sales for EMEA.
Previously in his career, he has also worked at JP Morgan, Nomura and Lehman Brothers.
Nomura
Nomura has appointed Filippo Zorzoli as head of global markets sales for EMEA, as part of the firm’s effort to bolster its global markets division.
Zorzoli will be based out of London in his new role and will report to Nat Tyce, head of global markets, EMEA and global co-head of rates, as well as Samir Patel, global head of global markets sales.
Zorzoli joins from Barclays, where he most recently served as global head of rates and solutions sales.
Prior to this, he also worked at Bank of America Merrill Lynch, covering roles including head of structuring for EMEA, as well as head of EMEA rate sales, repo sales and structuring.
He began his career covering fixed income structuring at Goldman Sachs, later going on to co-head the firm’s equity exotics trading desk.
Zorzoli’s appointment also coincides with Gary Hyman’s move from head of public-side sales, EMEA at Nomura, to become the firm’s vice-chair of EMEA global markets, based in Dubai.
Hyman has been at Nomura for more than 15 years, and his tenure has covered various roles including co-head of G10 global rates sales, head of macro-sales, Japan and head of sales, Australia.
Peel Hunt
Zoe Tipper has joined Peel Hunt as an equity sales trader.
Tipper brings almost ten years of industry experience to her new role, and joins from HSBC, where she worked as an associate director for more than two years.
Prior to this, she spent almost seven years at JP Morgan, where she joined the firm as an analyst in 2016, before later working in equity sales trading for more than four years.
Confluence Technologies
Spiros Giannaros, who has spent the past six years at the helm of State Street-owned Charles River Development, has been named as the new chief executive of Confluence Technologies.
Giannaros had served as executive vice president at State Street, most recently as the lead for Charles River, alongside his role as head of the State Street Alpha Platform.
Prior to joining State Street, Giannaros was a partner at IHS Markit serving as global head of Enterprise Data Management (EDM) and thinkFolio.
Before IHS Markit he spent 15 years in leadership positions during his first spell at Charles River Development.
Tradition
Former Liquidnet Americas head of fixed income sales and trading, Fausto Serrano, has joined Tradition as head of electronic credit brokering for North America.
New York-based Serrano joins Tradition after spending three years at Liquidnet, and previously served as US head of e-trading at TP ICAP for nearly five years from 2017 to 2022.
He also worked as director of electronic trading at BGC Partners for five years and at ICAP Electronic Broking as vice president in credit derivatives.