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ON THE MOVE: McDermott Cowen's New Co-Head, Credit

Traders Magazine Online News, December 4, 2018

John D'Antona Jr.

Cowen grabbed Jay McDermott to help run its credit business. McDermott joins Burt Welly as Co-Heads of Cross Asset. Phil Cushman, Head of Global Equity and Cross Asset Sales for Cowen, will continue to coordinate equity and credit sales globally, partnering closely with McDermott and Welly. McDermott onboards with 22 years of distressed and special situations experience.  Most recently, he spent three years as the CEO of DebtStream Corp., the specialty credit boutique he founded.  Previously, he served four years as Managing Director, of High Yield and Distressed Trading at RBS Securities, and 12 years as the Head of the Global Bank Loan Business at Bear Stearns. Both McDermott and Welly report to Dan Charney, Co-President, Cowen and Company.

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Tech startup causaLens has named veteran Jose Marques, the former Head of Trading at Bridegwater Associates and owner of Inferent Capital. Marques joins Mark Roomans, the current CEO of Morningstar EMEA; and Theodore Mollinger, Director at Moody's. as the company’s Strategic Board of Advisors.

Jose Marques

Alex Shterenberg has been appointed global head of G10 and EM eFX trading at Barclays in New York, overseeing the investment bank’s electronic FX trading business globally. Shterenberg joins after spending more than five years with Bank of America Merrill Lynch where he held several senior roles, most recently as head of eFX trading for the Americas and global of FX algorithmic execution. During that time, he led the development of pricing and hedging models as well as FX algorithmic trading products.

QuantHouse named Emmanuel Carjat as its Chief Operating Officer (COO) and Denery Fenouil as its Chief Technology Officer (CTO). In the role of COO, Carjat is responsible for managing QuantHouse operations helping to drive and guide the continued growth of the business. He was the co-founder of Atrium Network founded in 2006 which was subsequently purchased by TMX Group in 2011, where he remained in the role of Managing director until 2015.

Fenouil is a co-Founder of QuantHouse and has rejoined the company in the role of CTO with a focus on software and technology development. He has more than 20 years of experience designing and building successful technology solutions for established companies and startups such as IBM, ATOS and Karhoo. He was the designer and architect of the QuantHouse low latency market data technology.]

David Cannizzo has left Evercore ISI as a managing director in Electronic Trading and started as Head of Electronic Trading and Market Structure At Raymond James, in a newly created role for the firm. Prior to this, he was in Portfolio Trading at Liquidnet for six years and earlier served at ITG in a similar role.

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