People Moves: Capitolis, Crux, Visible Alpha, E*Trade

Capitolis’ Krug Moves Up To President

Capitolis has promoted Justin Klug from within to serve as president of the equities and FX technology provider. He’ll work closely with the vendor’s development team and clients as it invests, grows and scales.

Klug has served as chief operating officer (COO) at Capitolis for the past two years. Prior to that, he was a managing director at Credit Suisse, leading the US rates structuring team, and responsible for developing, executing and monitoring strategic and tactical business lines for the franchise. Before Credit Suisse, Klug worked at Bank of America Merrill Lynch, where he developed, marketed and executed various cross-asset structuring and solution distribution to institutional clients. From 2005 to 2010, he was part of Deutsche Bank’s London office, where he worked in the global commodities and structured rates business lines.

Klug is based in New York.

Crux Recruits Etherington For CTO

Mark Etherington joined Crux Informatics in June as its chief technology officer (CTO), working to innovate data delivery and operations company- and industry-wide. He replaces Crux chief executive officer (CEO), Philip Brittan, who had been acting as interim CTO.

An industry vet, Etherington has worked at a handful of stalwarts, including at his most recent post at Refinitiv, where he was global head of trading technology. He joined Thomson Reuters before its rebranding as global head of execution management system (EMS) technologies. Prior to that, he was CTO for REDI Global Technology, acquired by Thomson Reuters. Etherington also spent nine years at Goldman Sachs as a managing director in several areas, including global infrastructure and principal strategic investments, and 15 years at JP Morgan as global head of distributed systems.

Etherington is based in New York.

Visible Alpha Hires Miller To Lead Product Suite

Visible Alpha has named Samantha Miller chief product officer. As such, she will oversee product strategy and manage the entire product suite of the investment research technology firm, whose platform helps investment managers track and value research for MiFid II compliance.

Miller joins from Dun & Bradstreet, where she was vice president of global product portfolio strategy and management, and leading strategy for more than 200 products. Prior to Dun & Bradstreet, she launched and maintained several other products at LexisNexis as a general manager and vice president of product. She’s also worked in marketing and client services at Practical Law, owned by Thomson Reuters, inData Corporation and CT Summation, formerly a Wolters Kluwer company.

Miller is based in New York.

E*Trade Hires New CEO Internally

E*Trade Financial Corporation announced that current chief operating officer (COO) Michael Pizzi will move to the role of chief executive officer, following the earlier announcement that current CEO Karl Roessner will step down from the company after 10 years of service. Pizzi will be effective in his role immediately, while Roessner will act as an adviser through the end of the year. In addition, Pizzi will join the company’s and bank’s board of directors.

Pizzi joined E*Trade in 2003, holding the COO title, and the tiles of chief risk officer (CRO), chief financial officer (CFO) and corporate and bank treasurer. Before joining E*TRADE, Pizzi worked in asset/liability management at both Lehman Brothers and First Maryland Bank, as well as in capital markets research for the Federal Reserve Board.

BTIG Names Passaro Head of Capital Markets

Brokerage firm BTIG has hired ex-Deutsche Banker Joe Passaro as a managing director and head of capital markets. He will advise on equity, equity-linked and equity-derived products, and take part in originating transactions, structuring offerings and improving valuations for corporations.

Passaro spent 12 years at Deutsche Bank Securities in a variety of senior roles across the equity capital markets and global equity trading units, serving most recently as co-head of equity capital markets syndicate, Americas.

Based in the firm’s New York office, Passaro will report to Matt Clark, head of BTIG investment banking.