Wedbush bolsters US equity trading team
US investment bank Wedbush
Securities has tapped Nomura Securities International for a new director to
lead its equity trading unit.
Ian Winer joins Los
Angeles-based Wedbush’s equities division, having spent over 16 years in
various buy- and sell-side roles, most recently at Nomura.
In his new role, Winer will
oversee all aspects of Wedbush’s equity trading capabilities, including the
management and supervision of all sales traders and position traders. He will
also be responsible for the management of capital commitment and risk controls
and growing the broker’s client base.
“This is a competitive
business where you need to demonstrate high levels of accountability and
intensity to thrive. We found that in Ian,” said Sheri Kaiserman, head of equities
at Wedbush. “His proven track record of
building a successful cash trading business, coupled with his equity trading
expertise in technology, media and telecommunications made him the ideal
candidate to lead our trading effort.”
“In this turbulent
environment, quality research and service have taken on a heightened level of
importance and Wedbush is 100% committed to being a valued and trusted partner
for its clients,” added Winer.
Meantime, Wedbush is reportedly gearing
up for a push into European equities after signing up to trade on domestic
exchanges in Warsaw and London. The move marks further diversification for the
firm following the acquisition of high-frequency trading tool provider Lime Brokerage in June 2011.