Hedge fund tech. and brokerage provider, Merlin Securities, formed a new equity sales coverage and content division, the Merlin Institutional Group.
Headed by Jesse Cole and Bryan Miller in New York, the group will focus on delivering traditional institutional equity sales coverage and content to medium and large hedge funds. The group will provide clients with services such as corporate access, company modeling and trading ideas.
“Merlin Institutional Group represents an important development for Merlin,” said Stephan Vermut, founder and managing partner of Merlin. “We have built our reputation on providing excellence in prime brokerage, reporting, trading, and operational support for our clients. With the addition of this new team, we will now be in a position to provide clients with investment ideas, research and modeling. Jesse and Bryan... are recognized in the industry for their expertise, and we are delighted to welcome them to Merlin.”
Jesse W. Cole joins Merlin from Schonfeld IBS, where he was a member of the institutional sales and trading group since its inception in 2004. Bryan Miller was most recently with the institutional research sales and trading group at Collins Stewart.
Merlin Secutities was recognized as the #1 prime broker for funds less than $1 billion by Alpha magazine’s 2008 hedge fund service provider survey for the second year running.
23 Apr 2009
Hedge Fund Manager Names Former Citi Exec Andrew Smith Head of Global Sales
Coinciding with the launch of new services aimed at increasing hedge fund transparency, independent alternative fund manager Butterfield Fulcrum appointed T. Andrew Smith as the firm's global head of business development and marketing. He will be based in the company's New York office, and will oversee Butterfield Fulcrum's teams in Europe, Asia and North America.
With nearly 20 years of experience in institutional sales, business development, securities and global fund services, Smith's appointment comes as investors demand operational transparencies from hedge funds.
Smith most recently served as a managing director and head of North America in global transaction services at Citi overseeing a $1.0 billion securities and fund services region. Before that he served as senior vice president of plan sponsor services at The Bank of New York and spent ten years at the State Street Corporation.
With nearly 20 years of experience in institutional sales, business development, securities and global fund services, Smith's appointment comes as investors demand operational transparencies from hedge funds.
Smith most recently served as a managing director and head of North America in global transaction services at Citi overseeing a $1.0 billion securities and fund services region. Before that he served as senior vice president of plan sponsor services at The Bank of New York and spent ten years at the State Street Corporation.
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