ConvergEx Group, a global brokerage and technology vendor, has added three industry veterans to its leadership line-up, hiring from Janney Montgomery Scott, Canaccord Genuity and Bank of America Merrill Lynch, officials say.
Greg Voetsch is the new CEO of ConvergEx Execution Solutions and head of brokerage services while Charles Galligan is head of program trading. Oliver Sung will become head of U.S. electronic execution and the firm’s Millennium and VortEx alternative trading systems, according to a ConvergEx statement. Voetsch and Galligan have already assumed their new roles, while Sung will be moving into his new office in September.
Greg Voetsch, CEO of ConvergEx Execution Solutions and head of brokerage services, ConvergEx
“Greg, Charlie and Oliver will not only be dynamic managers of their own areas of responsibility, but as members of the ConvergEx Executive Committee, they will be instrumental in developing new ideas and setting the agenda as we continue to innovate and expand our offering for our clients,” says Eric Noll, ConvergEx Group’s president and CEO, in a written statement.
As CEO of ConvergEx Execution Solutions and head of brokerage services, Voetsch will manage all ConvergEx equity execution businesses. Prior to joining ConvergEx, Voetsch was managing director and head of equity capital markets at Janney Montgomery Scott, and before that served as an executive vice president at Knight Capital Group where he was responsible for global equities, electronic equity and FX platforms.
Galligan, the new head of program trading, has a background in building and managing businesses and before joining ConvergEx was director of electronic and program trading at Canaccord Genuity. Before that he served as electronic trading group manager at Piper Jaffray, and spent 17 years at Bear Sterns building up their program trading, electronic trading and commission management units.
Sung, the new head of U.S. electronic execution, comes to ConvergEx from Bank of America Merrill Lynch where he developed next-generation trading algorithms, according to the statement.
Prior to that he held significant roles in market structure and electronic trading at Bear Sterns and UBS and is “a recognized thought-leader and pioneer in electronic trading and market structure,” according to the statement.
All three will be based in New York at ConvergEx’s worldwide headquarters.
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