Capstone Global Markets – the new name for
derivatives trading firm Capstone Sales Advisors – has
hired Tim Freeman from Merrill Lynch and Len Ellis from
Citigroup to its equity derivative sales and capital markets
Freeman will be head of US equity derivatives sales,
managing a team of sales traders specialising in volatility
risk. Capstone said he had already expanded the client
distribution platform and was recruiting new talent and adding
In his 13 years at Merrill Lynch, Freeman began as a sales
trader in municipal markets and then transferred to equity
derivatives sales, where he rose to managing director.
Ellis, hired as Capstone’s head of capital
markets, is exploring additional sales and trading
He was Citigroup’s head of equity derivatives
for the Americas. In eight years at the bank, he managed equity
derivatives sales, trading, structuring, market-making and
Previously, he worked at Bankers Trust for nine years,
managing equity derivatives trading and structuring for North
Capstone Global Markets trades equities, commodities,
currencies, credit and fixed income instruments.
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