BTIG continues the expansion of its fixed-income group with the addition of a structured finance analytics and strategy group and several hires in the firm’s structured products group.
BTIG’s structured finance analytics and strategy group will be led by industry expert Dan Castro, who joined a few weeks ago. He will be joined by Glenn Costello, Jennifer Pariseau, and Emily Chiang. This new team will provide analysis and support to the fixed income sales and trading teams with a focus on mortgage and other asset-backed securities.
“We continue to see a huge opportunity in fixed income and are constantly looking to expand our product offering to match our clients’ needs,” said Scott Kovalik, co-founder of BTIG. “With the increased demand for structured products and in particular, asset-backed securities, we saw this as a great opportunity to solidify our position in the structured product space.”
Costello joins BTIG as a managing director. He is a veteran mortgage-bond analyst who worked alongside Castro during his tenure at Merrill Lynch. Costello joins BTIG from Fitch Ratings, where he served as a managing director.
Pariseau joins BTIG as a director. Prior to joining BTIG, Pariseau was a portfolio manager at Huxley Capital Manager, where she oversaw $500million in consumer ABS investments. Prior to her time at Huxley, Pariseau held roles at West Side Advisors and Bear Stearns.
Chiang joins BTIG as a structured finance desk analyst from GSC Group, where she was an investment analyst focused on ABS, CDOs and RMBS. She brings more than 10 years of credit and structured products experience from Credit Suisse First Boston and JPMorgan.
In addition to Castro and his team, BTIG has hired Gregory Ikhilov, Forrest Kontomitras and Omar Buttari to join its structured products group.
Ikhilov joins BTIG as a director. Prior to BTIG, he was an RMBS trader with Nomura Securities. Before that he traded RMBS for Bank of America and Merrill Lynch.
Kontomitras joins BTIG as a director. Prior to joining BTIG, Kontomitras served as director of structured products for E.J. De La Rosa & Co’s structured mortgage products. He has more than 25 years of experience in sales and trading for financial institutions and specializes in credit sensitive, cash-flow assets for institutional investors.
Buttari joins BTIG as a director. Buttari brings 18 years of experience in fixed income sales and trading. He joins BTIG from De La Rosa & Co. in Los Angeles, and previously spent several years at Jefferies and Sutro & Co.