Ticonderoga Securities has launched a fixed income group with hires from Cantor Fitzgerald and Goldman Sachs, the New York-based firm said today.
Martin Teevan joins the firm as global head of fixed income, and Alan Alsheimer joins as head of U.S. fixed income.
Teevan was most recently global head of credit for Cantor Fitzgerald. He previously served with Goldman Sachs and UBS in trading and management positions.
Alsheimer was most recently at Goldman Sachs, where he oversaw the firm’s loan credit derivatives platform, served as an LCDX trader and worked indirectly with Teevan. He also served with RBS Greenwich Capital and Lehman Brothers.
The fixed-income group will have an intensive credit focus on both investment-grade and speculative-grade debt, but it will eventually branch out to other forms of fixed income. It already has a structured credit specialist.
Ticonderoga Securities is an institutional broker dealer. It is headquartered in New York with offices in Boston, San Francisco and Richmond, Va. It signed a partnership agreement with Hong Kong-based Shenyin Wanguo Securities last August.
Ticonderoga acquired Reynders Gray & Co. in May 2009, greatly expanding its research capabilities