CIBC
Paul Ponomarev has been named managing director, global head of program trading at CIBC, having most recently served as head of strategy, Americas trading at Bernstein, overseeing the US electronic and global program.
According to an internal memo seen by The TRADE, Ponomarev will have dual accountability to Jeff Andreski – head of US global markets trading, and Cam Gil – head of execution, global equities, while retaining the product and regional alignment.
Ponomarev will be based at CIBC’s New York office, focused on expanding the program trading footprint at the firm.
Specifically, he will look to strengthen the client offering and grow CIBC’s presence across key accounts, The TRADE understands, as well as bolstering alignment across the firm’s global businesses.
Previously Ponomarev has also served in roles at firms including Nomura Securities, UBS, and NYSE.
BNY
BNY global head of global markets trading, Jason Vitale, is set to assume responsibility for BNY’s Buy-Side Trading Solutions business.
He will continue to lead the execution services platform alongside his new responsibilities.
As part of the move, Dragan Skoko, head of Buy-Side Trading Solutions, will report directly to Vitale, the firm has confirmed.
As part of a swathe of senior leadership role expansions, the firm has also announced that chief operating officer of BNY Markets Rebecca Crowe has been promoted to COO of BNY’s Wealth Solutions business.
New-York based Crowe has been with the firm for nearly 10 years, overseeing the continued development and growth of the Markets business in that time.
Additional moves see Clint Craft, BNY’s head of global liquidity services, set to take on the role of Executive Platform Owner (EPO) for the Liquidity & Margin platform.
Bloomberg
Ed Wood is leaving investment manager Ninety One after five years, to embark on a new role at Bloomberg, as revealed by The TRADE.
Specifically, London-based Wood will be joining the firm’s fixed income electronic trading team as a credit sales specialist, and brings significant buy-side fixed income experience to his new role.
During his time at Ninety One, he worked as a fixed income trader, covering global IG and HY credit, global rates, EM local and hard currency and FX spot, forwards and options.
Prior to joining the asset manager, Wood worked as a credit trader at Aviva Investors for a year, and also spent more than five years at Vanguard, working across fixed income trading.
Earlier in his career, he also gained experience at BNP Paribas.
Panmure Liberum
Panmure Liberum has appointed Michael Finney as head of sales, joining from Mediobanca where he spent the past four years in institutional equity sales covering European clients.
He is set to report to David Parsons, head of equities at Panmure Liberum, and work closely with execution, research and investment banking teams as the firm looks to grow market share across key asset classes.
Finney previously served as chief executive and co-founder of hedge fund, High Ground Investment Management between 2019 and 2022, before returning to the sell-side. Earlier in his career he spent more than eight years at RBC Capital Markets as head of mid-cap equity sales and corporate access.
He has also held roles at Société Générale, Dresdner Kleinwort Wasserstein and Donaldson, Lufkin & Jenrette.