Broadpoint.Gleacher Expands CLO, Emerging Markets, Bank Debt Sales and Trading
18 Novembro 2009 - 10:30AM
Business Wire
Broadpoint Capital, Inc., a broker-dealer subsidiary of
Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG), today
announced the hiring of four senior professionals: Fred Engel,
Philip Orenstein, Peter Carril, and Jeffrey Byrne.
Messrs. Engel and Orenstein join the firm as Managing Directors
and Co-Heads of CLO Sales and Trading in the firm’s Broadpoint
DESCAP division. Mr. Engel brings over 20 years of experience in
the structured credit markets to Broadpoint.Gleacher. Most
recently, he was a Director in Citigroup’s CDO group, responsible
for new business development with a focus on the securitization of
illiquid credit assets. Prior to Citigroup, Mr. Engel oversaw the
U.S. CLO business at UBS Securities. He received an M.B.A. from the
University of Chicago and a B.S. in Economics from The Wharton
School of the University of Pennsylvania.
Mr. Orenstein also brings to the firm over 20 years of
experience in the structured credit markets and has been
instrumental in the development of the collateralized loan
obligation marketplace. Mr. Orenstein joins Broadpoint.Gleacher
from Structured Credit Consultants, LLC, an independent advisory
firm focused on investors, portfolio managers and other
participants in the bank loan and CLO markets. Prior to Structured
Credit Consultants, Philip was a senior member of the structured
credit group at RBS Greenwich Capital. Mr. Orenstein has an M.B.A.
from New York University and a B.A. in Economics from The George
Washington University.
Mr. Carril joins Broadpoint.Gleacher as a Managing Director in
the Emerging Markets group of its Debt Capital Markets division.
Mr. Carril has over 23 years of credit trading experience, 13 of
which he spent working in the emerging market credit trading area.
Prior to joining Broadpoint.Gleacher, he was a founding partner of
Palatine Hill Partners LLC. Prior to Palatine, Mr. Carril was a
Managing Director and Head of global trading for emerging market
bonds and credit default swaps at Dresdner Kleinwort
Wasserstein. He held similar positions at Bankers Trust and
began his emerging markets career at Lehman Brothers. Mr. Carril is
also a member of the Board of Directors of the Emerging Markets
Traders Association (EMTA), a post he has held since February 2004.
Mr. Carril graduated from Princeton University with an A.B. in
Economics.
Mr. Byrne joins Broadpoint.Gleacher in the Bank Loan Trading
group. Prior to joining the firm, he was the head of bank loan
trading at Z-Capital Partners. Prior to Z-Capital Partners, he
spent 7 years in various roles within the Van Kampen Senior Loan
Group, and was named its par-loan trader in 2005. Mr. Byrne
graduated from Villanova University with a degree in Finance.
Robert Fine, Head of Broadpoint DESCAP, said, “Fred and Philip
are both highly regarded in the CLO marketplace, and the experience
they bring to our platform will greatly elevate the capabilities of
our Structured Products group.”
“I am excited to have Pete’s experience and knowledge base to
help us build an emerging markets business,” said Joseph Mannello,
Head of Broadpoint.Gleacher’s Debt Capital Markets division. “And,
I look forward to Jeff’s contributions as we take the next step in
building our Bank Loan Trading group.”
Lee Fensterstock, Chief Executive Officer of
Broadpoint.Gleacher, said, “We are pleased to be able to attract
these professionals to our platform as we continue to expand our
fixed income footprint.”
About Broadpoint.Gleacher
Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG) is an
independent investment bank that provides corporations and
institutional investors with strategic, research-based investment
opportunities, capital raising, and financial advisory services,
including merger and acquisition, restructuring, recapitalization
and strategic alternative analysis services. The Company offers a
diverse range of products through the Debt Capital Markets,
Investment Banking and Broadpoint DESCAP divisions of Broadpoint
Capital, Inc., its Investment Banking financial advisory
subsidiary, Gleacher Partners LLC, its Equity Capital Markets
subsidiary, Broadpoint AmTech and FA Technology Ventures Inc., its
venture capital subsidiary. For more information, please visit
www.bpsg.com.
Forward Looking Statements
This press release contains "forward-looking statements." These
statements are not historical facts but instead represent the
Company's belief regarding future events, many of which, by their
nature, are inherently uncertain and outside of the Company's
control. The Company's forward-looking statements are subject to
various risks and uncertainties, including the conditions of the
securities markets, generally, and acceptance of the Company's
services within those markets and other risks and factors
identified from time to time in the Company's filings with the
Securities and Exchange Commission. It is possible that the
Company's actual results and financial condition may differ,
possibly materially, from the anticipated results and financial
condition indicated in its forward-looking statements. You are
cautioned not to place undue reliance on these forward-looking
statements. The Company does not undertake to update any of its
forward-looking statements.
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