Wednesday, 20 August 2014
Last updated 9 hours ago
Jun 5 2013 | 10:25am ET
Wells Fargo has nabbed a top Deutsche Bank prime brokerage executive as it seeks to build its own such business.
The San Francisco-based bank named Eamon McCooey head of prime services, it said yesterday. It also named Dan Thomas, its head of interest-rate and commodities sales, to lead its new client trade services group, which combines prime brokerage, over-the-counter clearing, futures clearing and execution, and funding and liquidity management. McCooey will report to Thomas.
McCooey was head of U.S. prime brokerage at Deutsche Bank, where he's worked for 13 years. He officially joins Wells Fargo in September, taking over from Stephan and Aaron Vermut, the founders of Merlin Securities, the boutique prime brokerage Wells bought last year. The Vermuts left the bank earlier this year.
"Eamon's extensive knowledge of the prime brokerage industry combined with his proven ability to lead and grow a business makes him an ideal fit for our organization,” said Thomas. “We are committed to our Prime Services business and look forward to the growth opportunities created by the addition of Eamon to our team.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note