Institutional trading and brokerage services provider BTIG has expanded its global portfolio and exchange-traded fund offering with the addition of six new hires.
The new appointments are: Thomas Smykowski, managing director, head of global portfolio and ETF trading; Mark Perdigao, managing director, head of global portfolio and ETF sales; Craig Fishman, global portfolio and ETF trading director; Dmitriy Teplinskiy, quantitative technology team director; Debayan Bhaduri, quantitative technology team director; and Alex Colea, quantitative technology team senior vice president.
Smykowski, Perdigao and Fishman will provide portfolio execution and ETF analysis across a breadth of asset classes including US international, fixed income and commodity ETFs. The team’s experience and track-record of estimating impact cost and market risks enables them to determine the optimal execution strategy for portfolio rebalances, trim trades, fundings, liquidations, cash inflows/outflows and index events.
The global portfolio and ETF trading team will be supported by the firm’s new quantitative technology team which includes new hires Teplinskiy, Bhaduri and Colea. The quantitative technology team will develop customer trading algorithms and implement analytic systems.
“The global portfolio and ETF trading team’s ability to enter and exit the most sensitive positions with minimal market impact will further strengthen BTIG’s reputation for dedication to superior client-service,” says Steven Starker, co-founder of BTIG.
“True to BTIG’s brand differentiator, this new team will set itself apart by providing a premium and personalised service to clients,” says Richard Blank, head of institutional sales at BTIG. “By analysing the liquidity concerns of underlying assets, they are able to consistently provide effective price discovery and seamless execution in both thin ETF and more liquid names. This team gives clients another opportunity to take advantage of BTIG’s commitment to liquidity, confidentiality and superior execution capabilities.”
These new hires are part of BTIG’s expansion plan which includes the addition of 100 new employees in 2013. Earlier this year BTIG added a new interest rates trading desk, hired new professionals to join both its research team and global foreign exchange desk and also expanded into the southeast region with a new office in Atlanta. BTIG’s international affiliates have also added several positions in London and Sydney. Additional new hires are expected before the end of the year.