Dan Castro has joined institutional broker dealer BTIG. Further boosting the company’s fixed-income competencies, Castro will be creating a structured finance analytics and strategy group at the firm.
The new group will be focusing on providing analytical support to the fixed-income sales and trading team as well as performing a sales function on selected accounts.
Aside from Castro, three other new hires that cannot be named as of press time are joining BTIG. He is also in the process of filling a couple of positions to complete his group.
In his new role, Castro will be reporting into John Purcell, who is co-head of global fixed-income at the firm. The firm hired Purcell early last year along with Jon Bass, the other co-head of global fixed-income, to launch the firm’s fixed income group that is focused on the sales and trading of credit products. At the same time in 2009, BTIG also created a new team to expand into ABS and MBS trading.
Prior to BTIG, Castro was the chief risk officer of Huxley Capital Management where he was responsible for managing risk exposures for the firm and its investors. He also co-managed Huxley’s Term ABS Loan Facility fund while he helped formulate the firm’s macro view of the markets and economy.
Before Huxley, Castro was at institutional investment manager GSC Group. He was also GSC’s chief credit officer and served as a portfolio manager for the firm’s structured finance group.
He was also formerly a managing director and CDO/ABS strategist at Merrill Lynch and a senior analyst at Moody’s Investors Service. Earlier in his career, Castro performed various roles in different Citicorp divisions, including being an assistant vice president in structured finance at Citicorp Investment Bank.
BTIG is an institutional brokerage and fund services firm. Founded in 2002, BTIG, including through its affiliates, employs over 400 professionals.
The company serves customers from around the world and offers services from nine divisions: equity trading, fixed income, convertible securities, prime brokerage, outsource trading, direct market access, capital markets, equity research and corporate access.
BTIG has domestic offices in New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank, Aspen and Orinda. The firm also has affiliates in London, Hong Kong, Singapore and Sydney.