Allston Holdings LLC, parent of one of the nation’s leading proprietary electronic trading firms, announced that its Board of Managers has appointed Nancy Laethem Stern as Chief Executive Officer. Carlton Jones, who has served as CEO January 2011 through September 2012 and again from February 2015 through the present, will now serve as Executive Vice President, Head of Trading.
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“We are pleased to appoint Nancy to the role of CEO and have her continue to execute the firm’s strategic plan,” said Keith Geeslin, Chairman of the Board of Managers. “Nancy has been an exceptional leader for the past seven years and a key contributor to our strategic vision. Her leadership has been integral to ensuring that we not only meet our goals, but exceed them. We are confident that Nancy is the right CEO for Allston’s next phase of our growth.”
Ms. Stern joined Allston in 2013 and most recently served as the firm’s Chief Operating Officer and General Counsel. Prior to joining the firm, Ms. Stern served as an attorney and partner at two leading national law firms: Katten Muchin Rosenman and previously Gardner Carton & Douglas, now part of Faegre Baker Daniels, for a combined 17 years. She began her law career as a clerk for the Honorable Robert H. Cleland, U.S. District Judge in the Eastern District of Michigan. Stern earned a Bachelor of Arts degree in economics, with distinction, and a Juris Doctor degree, both from the University of Michigan.
“I am truly excited to work with the entire leadership team and the Board to continue executing on our business plan and ensure Allston realizes its full potential. We remain committed to attracting and assembling the industry’s best and brightest trading, analytical and technology professionals,” Ms. Stern said. “I am especially pleased to have Carlton lead our trading team and am sure the entire firm will continue to benefit from his creativity, experience, and vision.”
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