Clear Street appointed Puneet Pardasani as Global Head of Institutional Sales and Sales Trading, bringing in a former Bank of America executive to lead its institutional expansion. The appointment is part of a broader recruitment drive that includes senior executives from Bank of America and Goldman Sachs across sales trading and clearing businesses. Founded in 2018, Clear Street positions itself as a next-generation financial infrastructure company serving hedge funds, broker-dealers, market makers, ETF issuers and institutional investors through a unified technology platform spanning execution, clearing and custody, competing with incumbent prime brokers and clearing providers by pairing cloud-native infrastructure with experienced Wall Street talent.
Pardasani Oversees Unified Institutional Distribution Platform
Pardasani oversees Clear Street's institutional sales and sales trading organization while leading the firm's global distribution strategy. Multiple business lines across the Markets division report directly or indirectly to him, including Securities Financing, Derivatives, Swaps, High Touch Execution, Low Touch Execution, Crypto, Research, Corporate Access, Events and Special Situations. The move consolidates client coverage across virtually every institutional product line under a single leadership structure.
John DiBacco, Head of Markets at Clear Street, said Pardasani has spent his career building the distribution engines that connect sophisticated investors to global markets, and that is exactly the capability the platform is built to scale. His arrival brings institutional sales, sales trading and distribution onto one unified system.
Pardasani joins from Bank of America, where he served as Global Head of OneTouch Cross-Asset Distribution and helped develop one of the bank's largest cross-asset institutional distribution platforms. Prior to that, he spent nine years at Goldman Sachs in institutional sales and distribution roles.
Clear Street Recruits Amitay and Block from Goldman Sachs and Bank of America
Allan Amitay joins as Managing Director, Multi-Asset Sales, after more than 15 years at Goldman Sachs, where he most recently served as Managing Director in Derivatives Sales. During his tenure, he also led equities distribution for the firm's Multi-Asset Platform Sales business.
Scott Block joins as Managing Director, Sales Trader, from Bank of America, where he was Managing Director and Head of Americas OneTouch Distribution within Global Equities. Earlier in his career, he spent more than a decade on Goldman Sachs' Multi-Asset Sales and Electronic Trading team.
Together, the appointments deepen Clear Street's expertise across equities, derivatives, electronic execution and institutional distribution as the company expands beyond its technology roots.
Clear Street Expands Clearing Division with Veteran Executives
Earlier this year, the firm recruited veteran clearing executives Vito Laurenzano and Lou Caramanica as Managing Directors under Head of Clearing Chris Tufano.
Laurenzano spent more than three decades at Bank of America, where he focused on Global Markets and Banking. Caramanica joined from Goldman Sachs after leading the firm's Prime Services Custody and Platform Engineering business. Both executives are expected to help expand Clear Street's broker-dealer clearing offering as the firm competes for institutional clearing mandates traditionally dominated by large investment banks.
Clear Street Combines Cloud Technology with Wall Street Expertise
The announcement highlights a broader trend across institutional markets, where fintech infrastructure providers are increasingly complementing proprietary technology with experienced leadership recruited from established Wall Street firms. While cloud-native trading platforms and modern APIs have become key competitive differentiators, winning institutional order flow still depends heavily on long-standing client relationships, product expertise and distribution capabilities.
Over the past several years, the company has expanded from a technology-focused brokerage into a broader institutional infrastructure provider spanning execution, prime brokerage, clearing, custody and financing. Bringing together senior executives from Bank of America and Goldman Sachs strengthens its ability to compete across those businesses while leveraging its modern technology stack.
FAQ
What position did Puneet Pardasani take at Clear Street?
Puneet Pardasani was appointed Global Head of Institutional Sales and Sales Trading at Clear Street, overseeing the firm's institutional sales and sales trading organization while leading its global distribution strategy.
Who else did Clear Street hire from Goldman Sachs and Bank of America?
Clear Street hired Allan Amitay as Managing Director, Multi-Asset Sales, from Goldman Sachs after more than 15 years there, and Scott Block as Managing Director, Sales Trader, from Bank of America, where he was Managing Director and Head of Americas OneTouch Distribution within Global Equities.
