Jefferies appointed Joram Siegel as managing director, head of fixed income outsourced trading. Siegel joined Jefferies from Marex, where he spent the last four months serving as head of fixed income outsourced trading. He joined Cowen as managing director for fixed income outsourcing in February 2022, transitioning to commodities specialist Marex as part of the sale of Cowen’s outsourced trading and prime brokerage business at the end of last year. Previously in his career, Siegel served as head of European credit sales and trading at MUFG, as well as head of investment grade credit trading at RBC Capital Markets. Other previous tenures include credit trading roles at both Barclays Investment Bank and Credit Suisse.
Replacing Siegel, Marex appointed John Orrock as head of fixed income outsourced trading at Marex, alongside several other senior appointments in the division. Orrock takes up the fixed income reins after having served as managing director since February 2022, prior to the spin-off of the outsourced business from Cowen. Prior to joining Cowen International in 2022, Orrock was head of emerging markets and outsourcing at Aurel BGC and before that worked as a trader at BlueBay Asset Management for more than 17 years. He has also held senior roles at Martin International Securities and Tullet & Tokyo Securities.
Alongside Orrock’s new role, Ron Catena was named director, fixed income outsourced trading, joining from JP Morgan Asset Management, where he most recently served as executive director, emerging markets fixed income. Catena has three decades of experience in financial services including a wealth of buy-side trading expertise having previously held senior positions at various firms, including: Vandham Securities, First New York Securities, Securevest Financial Group/GCP, Santander Investment, Donaldson, Lufkin & Jenrette, and Morgan Stanley.
Marc Wanner was named director, global low touch execution services at US investment bank Stifel, following nine years at Morgan Stanley. Zurich-based Wanner most recently served as executive director – equity sales trading at Morgan Stanley. During his tenure at the firm, he was a member of the institutional equity sales and trading desk in Europe for global equity cash flow, as well as leading and implementing the first execution service desk (ESD) on the continent for Morgan Stanley. Wanner has more than a decade of experience in global equity sales trading, having also previously worked at UBS, in roles including director, equity sales trading – emerging markets and Asia Pacific.