Macquarie announces senior hires across US cash equities business
New York, 30 Oct 2018
- EJ Coveney appointed Managing Director to build block trading business in the US
- Steve Lynch and Amy Reichard join to enhance electronic execution platform
- Jeremy Vuolo appointed Managing Director to lead program risk trading in Americas
- Brian Spengemann to build Portfolio Trading business with index and ETF providers
Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced the appointment of five senior contributors to its Cash Equities business within the Commodities and Global Markets Group, an increased investment to strengthen and diversify the Cash Equities business.
Steve Lynch and Amy Reichard have joined Macquarie in electronic execution roles, both as Associate Directors. Mr. Lynch will serve as an electronic sales trader and was previously Director, Electronic Sales & Trading at Societe Generale. Ms. Reichard will also expand Macquarie’s electronic sales trading business and has broad experience as a Nasdaq market maker, small-cap trading specialist and execution specialist at Goldman Sachs and Bank of America Merrill Lynch.
Jeremy Vuolo has joined Macquarie as Managing Director to lead its program risk trading function in the Americas. His primary focus will be facilitating risk for Macquarie’s agency program trading operation to complement its customer offering. Mr. Vuolo previously worked for 18 years at Citigroup, where he managed the company’s program risk trading operation.
Brian Spengemann joined Macquarie from J.P. Morgan where he was responsible for growing the Program Trading and Exchange Traded Fund businesses. He has 20 years of index and quantitative trading experience and relationships with the leading indexers and ETF issuers. Prior to J.P. Morgan, Mr. Spengemann worked at Merrill Lynch, Credit Suisse and Lehman Brothers in global PT, index trading and electronic trading roles.
EJ Coveney has joined from Fidelity Management and Research Company where he was a lead Global Equity Trader in the technology, media and telecommunications sector. He has more than 25 years of experience in capital markets, trading and execution along with management experience building teams across multiple markets.
“These additions deepen and strengthen our execution offering to clients who turn to Macquarie for specialized sector knowledge and best-in-class execution,” said Dan Ritchie, Senior Managing Director and Head of US Cash Equities at Macquarie Group. “This highly regarded group of executives will help broaden our suite of products and services and improve our liquidity offering to clients.”
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About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 25 countries. Macquarie employs approximately 14,400 people and has assets under management of more than $381.8 billion (as of March 31, 2018). Macquarie operates in the US as Macquarie Capital (USA) Inc., a member of FINRA and SIPC. Further information can be found at http://www.macquarie.com/us/corporate/research.