Penson Financial Services, Inc., the U.S. broker-dealer and clearing services subsidiary of Penson Worldwide, Inc., announced today the appointments of two securities industry veterans with extensive electronic trading expertise, Dan Weingarten and Sean Malloy, to Senior Vice Presidents, US Sales and Marketing.
Weingarten and Malloy, who are joining Penson from NYFIX Millennium, a non-displayed alternative trading system, will share responsibilities for leading Penson’s U.S. Sales and Marketing efforts, and will also contribute to the firm’s global strategy. They will assume their responsibilities by the end of July, and will be based in Penson’s New York office.
“Dan and Sean will become integral to our senior management team,” says Daniel P. Son, President of Penson Worldwide, Inc. “Throughout their careers, both Dan and Sean have been involved in leading applications of electronic trading technology, which is a core segment of our business at Penson.”
Bill Yancey, President and CEO of Penson Financial Services, Inc. adds: “Building the best clearing and execution services firm in the world requires a world class team. We believe that Sean and Dan will play a significant role in leading this effort.”