Penson Worldwide, a provider of execution, clearing, settlement, custody and technology products and services to the financial services industry, makes new appointments to develop companys international sales and marketing strategy.
Penson Worldwide promotes Dan Weingarten and Sean Malloy to Senior Vice Presidents and Co-Directors of Global Sales and Marketing. Both Weingarten and Malloy joined Penson Financial Services, Inc. (PFSI), a U.S. subsidiary of Penson Worldwide, in July of 2007 as Senior Vice Presidents of U.S. Sales and Marketing.They have accomplished several key initiatives focusing on the introduction and cross-selling of historically PFSI’s U.S.-based equity clients to Penson’s various operating companies around the world.
Among other achievements of this intelligent pair is the pilot of Penson’s Trade Aggregation Program (TAP), a package of algorithms offering a variety of benchmark and custom algorithmic solutions as well as enhancing execution services at the firm.
Weingarten and Malloy made a good job in Penson’s partnership with Mixit directed to reach a broader, more global audience of correspondents, institutional broker/dealers and buy-side customers.
Before joining Penson, Weingarten and Malloy were the co-heads of sell-side sales at NYFIX Millennium, the New York based electronic equity firm, where they oversaw all sell-side sales for the dark liquidity ATS as well as additional execution services.
“Dan and Sean have an impressive background of applying innovative thinking to business processes within the financial services industry, says Daniel P. Son, president, Penson Worldwide, Inc. They have had multiple successes in their time here at Penson, and have become indispensable to our senior management team. I am pleased to welcome them to their new roles.
L.D.