Nasdaq Exec Takes Top Post at ConvergEx Group
A former senior executive at Nasdaq OMX, Eric W. Noll is the new president of ConvergEx Group, which offers brokerage and trading‐related services, officials say. Noll will also be taking on the role of CEO by the end of this year, succeeding Joseph M. Velli, the incumbent CEO who will remain to serve on the ConvergEx Group board.As president and CEO, Noll will be responsible for ConvergEx’s strategy, business lines, P&Ls, and day-to-day operations, officials say. He will report to the board and serve as a director.
At Nasdaq OMX, Noll served as executive vice president, transaction services, responsible for all U.S. and U.K. equity, options and futures exchanges, from 2009 to present, officials say. In the role, he developed relationships with broker-dealers and buy-side investors for equities, options and futures, including technology, market structure, functionality, order types and pricing.
During his time at Nasdaq OMX, Noll launched the Nasdaq Liquidity Exchange in London in May to compete against the incumbent LIFFE and Eurex venues in European rate futures markets. He also led the re-platforming of Nasdaq Futures Exchange.
Before his years at Nasdaq OMX, Noll was managing director for investment management firm Susquehanna International Group from 1994 to 2009, officials say. At Susquehanna, Noll managed external and exchange relationships and was responsible for strategic planning and new product development.
Rick McCarthy Heads Buy-Side Sales at Misys
Rick McCarthy
head of buy-side sales
Misys
Rick McCarthy has emerged as the head of buy-side sales, North America at Misys, following his nearly two years as managing director, Americas, for DST Global Solutions, confirm Misys and DST officials. McCarthy has been with Misys since September and is based in New York City, officials say.
McCarthy was managing director with DST Global from July 2011to August 2013, and previously served as vice president, sales and marketing for the Americas for DST Global from August 2010 to July 2011, officials say.
DST Global Solutions replaced McCarthy with Robert Leaper, who was named head of business development for North America in September, officials say. Leaper moved to DST Global from Eagle Investment Systems where he was a managing director and head of sales and marketing.
Calypso Expands Offices in Chile
Calypso Technology, a platform provider for treasury and derivatives trading, has expanded its offices in Santiago, Chile, in response to a growing client base and increasing opportunities in the Latin American markets, officials say. The territory had previously been managed from Calypso’s New York office.
The Santiago office serves as a professional services hub and a sales and marketing base for the region, officials say. The vendor has had implementations of its technology at Banco Penta, Banco de Crédito del Perú, and Banco Crédito e Inversiones en Chile. Calypso was selected by Comder Central Counterparty to provide a core clearing platform for over-the-counter derivatives.
SEC Names Head of Broker-Dealer Exam Program
The SEC has named Kevin W. Goodman as the national associate director of the broker-dealer examination program in the Office of Compliance Inspections and Examinations (OCIE), officials say.
Goodman will oversee a staff of approximately 300 lawyers, accountants, and examiners responsible for inspections of U.S.-registered broker-dealers. He has been the acting national associate director of the program since May while also serving as acting regional director and associate director for the Denver Regional Office, officials say.
Goodman began his SEC career in 1992 as an attorney-adviser in the Los Angeles Regional Office and was promoted to branch chief, senior special counsel, and assistant director. Before the SEC, he practiced corporate and securities law in the private sector.
OCIE conducts the SEC’s National Examination Program for investment advisers and investment companies, broker-dealers, self-regulatory organizations, clearing agencies, transfer agents, and credit rating agencies.
Ex-Citadel CFO Joins Tauriga Sciences’ Advisory Board
Nano-robotics company Tauriga Sciences has appointed the former chief financial officer for hedge fund Citadel Investment Group, John DiRocco, to its business advisory board, officials say
DiRocco will help Tauriga with its long-term business plan, expanding its institutional investor base, business development, and project finance activity, officials say. “I will specifically work with the company on financing activities and utilizing my network to identify additional prospective institutional investors,” says DiRocco in a statement.
The advisory board assists the company with management and guidance, developing strategies for raising capital, improving capital structure, identifying new opportunities and technical expertise in the development of the company’s businesses.
Since February 2013, DiRocco has been chief operating officer (COO) at Reef Road Capital, a $400 million New York-based credit hedge fund, officials say. As COO, DiRocco oversees all business management operations, accounting, compliance, legal, portfolio finance, and all non-trading risk including liquidity.
Prior to Reef Road Capital, DiRocco held similar positions at: credit fund Bell Point Capital Management, LP, from July 2011 to February 2013; and event-driven fund Balance Asset Management LLC from August 2005 to June 2007.
DiRocco joined Citadel in 1998 and as CFO he was instrumental in the growth of the firm from $800 million to more than $12 billion under management, officials say. He left Citadel in 2004.
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