Convergex Taps Jon Simblist as the Managing Director of Its Options Team

Convergex, an agency-centric brokerage and trading related services provider, has appointed Jon Simblist to its Options team as its newest Managing Director, according to a Convergex statement.

In his new role as the Managing Director of Convergex’s Options Team, Mr. Simblist will help oversee the group’s Buy-Side institutional sales capabilities, whilst focusing on options trading strategies.

Mr. Simblist is an established industry veteran who joins Convergex with a lengthy resume in options trading, technology and sales. He joins Convergex from Instinet where he worked as its Head of Electronic Derivative sales.

According to Ben Londergan, Executive Managing Director of Options Trading and Technology at Convergex, in a recent statement on the appointment, "We are thrilled to have Jon join our options team as he is widely known and respected within the options industry and his knowledge and experience will be immensely beneficial as we continue to expand our footprint in this key marketplace.”

"Convergex's options platform is one of the most robust in the industry as our offerings include Equities , clearing, routing, high touch, and soft dollar capabilities and Jon will be instrumental in pushing forward Convergex's new options offerings and technology enhancements," he added.

Back in July, Convergex brought in Frederick Arnold as its Chief Financial Officer (CFO). Mr. Arnold has since been tasked with the oversight of all Convergex’s global financial operations – the appointment also saw him added to the firm’s Executive Committee.