BTIG will continue to expand its U.S. fixed income sales and trading platform with the addition of several hires to its structured products grouphigh yield, high grade, and convertibles.
Irene Fan, Tim Sumner, Brian Danahy, Jeff Growney, Mike Rodeno, Drew Meany, and Kevin McQuire will join the firm’s New York, Boston, San Francisco, and Los Angeles offices.
Fan joins the company’s San Francisco office as a director in the fixed-income sales structured products group. He was providing sales coverage to institutional clients on the West Coast for more than 15 years. He was most recently with Jesup & Lamont Securities and KBW.
Sumner joins BTIG’s Boston office as a director in the fixed-income sales structured products group. With 14 years of experience in both fixed-income sales and trading, he was previously with Piper Jaffray in the institutional credit/structured product sales group. He was previously a director of fixed-income sales at Barclays Capital and Merrill Lynch in Boston.
Danahy joins the Boston office as a director in the fixed income high grade sales team. He has more than 10 years of experience in fixed income sales and trading and was most recently in the institutional fixed income sales group at Piper Jaffray. He has also held similar role at UBS and has worked as an investment grade trader at Putnam Investments and Columbia Management in Boston.
Growney joins BTIG’s New York office as a managing director in the fixed income high yield sales team. He was previously a managing director of high yield and distressed sales at Imperial Capital. With more than 25 years of experience, he has also worked with Lehman Brothers, UBS, Citi, and Wachovia.
Rodeno joins the firm’s Los Angeles office as a managing director in the fixed income high yield sales team. Before joining BTIG, he was a managing director at Imperial Capital Los Angeles, where he was responsible for institutional sales and trading covering mutual funds and hedge funds for fixed income, equities, and convertible products. The new hire was previously a managing director in institutional equity sales coverage for JNK Securities, ABN Amro, Lehman Brothers, and Tucker Anthony.
Meany joins the New York office as managing director in fixed-income high yield and distressed trading. With 15 years of experience trading high yield and distressed securities in the U.S. and Europe, he spent the last year at Christopher Street Capital and the previous four years as a partner at Imperial Capital. Before joining Imperial Capital, Meany was the head high yield trader for Toronto Dominion and Dresdner Kleinwort Wasserstein in London.
McQuire joins the firm’s San Francisco office as a director in the fixed income convertible sales team. He began his career at Paine Webber in 1982 where he was a senior properitary options trader. He joined Wertheim/Citigroup in 1986 and was a proprietary and facilitation convertible securities trader. He later moved to San Francisco, where he was a senior convertible salesman at Robertston Stephens. He was most recently with Lazard Capital Markets and B.Riley & Co., where he focused on banking and advisory.
“We continue to attract highly experienced talent nationwide to join BTIG’s fixed income platform and are excited to welcome these seven professionals to our team,” said Robert Langer, head of high yield, distressed and convertibles at BTIG. “By building out our regional presence, we are not only putting ourselves closer to our clients but at the same time we are expanding our talent pool and depth of offerings.”
Jon Bass, the firm’s head of fixed income, added, “BTIG’s fixed income platform has grown at a significant pace over the last 18 months. We have broadened our product offering, expanded our presence across the U.S. and plan to launch globally in the coming months. BTIG’s visibility in the market combined with our diverse platform continues to enable us to attract top talent to our growing fixed income group.”
BTIG is an institutional brokerage and fund services company founded in 2002.