BondBook Hires
Two at the Top
BondBook announced Tuesday that John Kim, formerly of Aeltus Investment Management Inc., and Gustavo Larramendi, formerly of PaineWebber Inc., will be joining its team in January.
Kim, the former president, chief executive officer, and chief investment officer at Aeltus, will be BondBook's new president and CEO.
Kim will also join BondBook's board of directors.
"John Kim is a widely respected investment manager with a strong record of success," said Kelly Martin, chairman of the board of directors at BondBook and head of fixed income at Merrill Lynch & Co. "He is a leading thinker on global capital markets and will bring together investors, issuers, and dealers in transitioning the fixed-income market to a new structure that will benefit all participants."
Larramendi, who served as managing director and chief operating officer of PaineWebber's fixed-income division, will be BondBook's new chief operating officer.
"BondBook has a clear vision and compelling model that has attracted the support of leading market participants," he said. "It is committed to bringing about positive, structural change to the traditionally fragmented fixed-income market."
BondBook has applied for registration with the National Association of Securities Dealers as a broker-dealer, and officials from the company say they expect it to be regulated as an alternative trading system under Securities and Exchange Commission Regulation ATS.
-- Elizabeth Albanese
Clay and Hall
Join Stephens
Dennis Clay and Chris Hall have joined Stephens Inc.'s municipal trading desks in Little Rock and Chicago, respectively, the firm announced yesterday.
Clay came from Morgan Keegan & Co. in Memphis, where he was senior vice president and head of municipal underwriting. He will serve as vice president in charge of national competitive underwriting at Stephens.
Before joining Stephens as an institutional short-term municipals trader, Hall worked for ABN AMRO Inc.'s muni trading desk. He has also worked with for Harris Bank and LaSalle National Bank.
"We are pleased to have Dennis join our municipal team," Ron Pyle, senior vice president of Stephens, said in a statement. "His move, along with Chris Hall's in Chicago, is a demonstration of our growing commitment to expanding our municipal infrastructure to support our institutional and private client group sales efforts."
-- Sheri Carpenter-Kasprzak
