John Succo worked at Morgan Stanley from 1984 to 1992 where he was influential in the growth and expansion of the institutional equity derivatives market. As principal and head of index and structured product trading, he helped develop dispersion methodology in trading and managing derivative risks. In 1992, he became Managing Director in charge of global equity derivative trading at Paine Webber Inc. In 1996, he joined Lehman Brothers, where he ran derivative trading until 1998. He then joined Alpha Investments of New York heading risk management, and as a director of the Investment Management Committee, managing the firm’s hedge fund investments. In 2001, he jointly founded Vicis Capital, a multistrategy hedge fund, where he manages overall risk and a portfolio concentrating in volatility extraction by opportunistically trading derivative instruments.