Broadpoint Capital, a broker-dealer subsidiary of Broadpoint Securities Group, has tapped a trio from RBS Greenwich Capital for its rate group and sales and trading team.
Russell Certo and Glen Capelo join Broadpoint as co-heads of the rates group, where they will work with clients investing in treasuries, agencies and government guaranteed securities tied to the Troubled Assets Relief Program (TARP).
"There will clearly be enormous issuance of treasury and government guaranteed debt to support the restructuring of our financial system and the stimulus package," said Lee Fensterstock, chairman and chief executive of Broadpoint, in a statement.
Prior to this appointment, Capelo served as a managing director with RBS' U.S. government and agency trading desk. He also spent 17 years at the former Salomon Brothers, including seven years as managing director on the government trading desk.
Certo also served as a managing director at RBS before joining Broadpoint. Prior to that, he was with UBS as a director, leading the cross rates dealer group and specializing in agency, treasury and libor arbitrage.Additionally, Broadpoint hired Joseph Walker and Steven Sharlach as part of an expansion to its sales and trading desk. Walker joins from Fortis Bank as an institutional sales person and will specialize in rates sales and trading, while Sharlach joins from RBS.