William Sarris's former second-in-command, Joseph Endoso, pleaded guilty in August to participating in the alleged scheme.
The equity management platform is expanding into private market liquidity, with plans to develop a secondary marketplace for company-approved transactions.
The former PJT Partners Director will take charge of NPM's newly acquired fund secondaries business in November.
The secondary share sale reportedly values the defense tech company at $90 billion.
The order bars a former NPM employee from joining Clarity until May 2027 and prohibits the use of NPM's confidential information.
The new identity is part of a complete rebrand and rebuild, including the introduction of a portfolio feature, new trade mechanics, and the scrapping of its "(in)famous public orderbook."
The order bars a former NPM employee from working at Hiive for a period of three months and from soliciting NPM employees and customers for one year.
The ongoing saga between the rival secondary market trading platforms continues to escalate, with new allegations that Hiive solicited employees to access proprietary information.
The secondaries platform is suing rival Hiive for copying elements of its private share transfer and settlement technology.
After years of helping private companies run liquidity programs, the secondaries platform has now done so for its own team.
