Fri, Jul 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Guggenheim prop trade unit announces seven hires, still on the hunt for trade teams

Tuesday, June 14, 2011
Opalesque Industry Update - Just three months after Guggenheim Partners launched a proprietary trading desk unit named Guggenheim Global Trading LLC (GGT), the company announced that it was aggressively hiring. While the firm is currently looking for 20-25 experienced trade groups it has already built a foundation with the announcement of seven new hires in management positions.

Joining the firm as CFO is Michael Carrieri, who previously served as a consultant to Blue Ridge Capital. Also filled were the spots of Director of Operations, CTO, CCO, General Counsel, Chief Risk Officer and Director of Recruiting and Due Diligence.

GGT is also still looking for experienced teams to handle trading in fundamental long/short equity, quantitative long/short equity, long/short credit and event-driven/risk-arbitrage.

When the firm announced the new unit Loren Katzovitz, who along with Patrick Hughs are the Managing Partners leading GGT said that the changing Wall Street landscape spurred the firm to take advantage of opportunities as large banks were being forced to end successful proprietary trade operations due to Dodd Frank regulation.

"Legislative and regulatory changes globally have created a unique timing opportunity with regard to the availability of high-quality traders and trading groups,” added Hughes in a statement. “The launch of GGT however, is not simply about access to talent; we further believe that the reduction in proprietary trading globally, as a result of the new regulatory regime, should ultimately result in wider investment spreads in arbitrage and other strategies.”

The firm’s initial roster of 7 includes alumni from Shumway Capital (Michael Leopardi, Director of Operations), Highbridge Capital Management (Thomas Wynn, CCO), Morgan Stanley (Sheryl Kaye, Director of Recruiting and Due Diligence).

The list of hires announced on Monday are:

  • Michael Carrieri, CFO
  • Michael Leopardi, Director of Operations

  • Santosh Varki, CTO

  • Thomas Wynn, Chief Compliance Officer

  • David Worley, General Counsel

  • Jules Buxbaum, Chief Risk Officer

  • Sheryl Kaye, Director of Recruiting and Due Diligence

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe