Tue, Dec 6, 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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  3. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  4. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released

  5. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg