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.