NEW YORK--(BUSINESS WIRE)--Odeon Capital Group LLC (“Odeon”), the New York-based independent fixed income broker-dealer with investment banking and research services, today announced its expansion to the Midwest market with its newest office opening in Chicago.
“The further geographical expansion of the Odeon value-add model is a top goal for us, and Chicago is the perfect place to enter the Midwest market,” said Evan Schwartzberg, CEO of Odeon. “Our new Midwest space allows us to continue to fill our stables with some of the industry’s most experienced and diversified traders.”
Derek Rose, a 23 year veteran of the securitization industry, has been hired by Odeon as a senior vice president to lead the office’s trading desk, which couples with the firm’s trademark independent research to provide clients a full service offering for trading in the high-yield and distressed debt spaces.
Rose joins Odeon from Southwest Securities, where he was an SVP in charge of ABS/CMBS trading. In this position, he developed Southwest’s sales platform across all securitized products and built the firm’s trading franchise for auction rate securities and other student loan-related products. Prior to his work with Southwest, Rose was a senior ABS trader and the director of the securitization syndicate of the New York trading desk at RBS Capital Markets Corporation.
The Chicago office marks the fourth domestic location for the Odeon Capital. In addition to recently bolstering its U.S.-based sales, trading and research teams with offices in New York, Texas, Florida and Connecticut, the firm formed Odeon Hobart Partners, a London-based joint venture division with Hobart Capital Markets LLC, in August.
About Odeon Capital Group LLC
Odeon Capital Group LLC (Member FINRA, SIPC and MSRB) is an independent full-service broker dealer and investment banking firm providing advice and execution on fundamental value and catalyst-driven situations through sales & trading, research and investment banking. Odeon is a full-service boutique broker/dealer to institutional clients and offers transparent, timely and complete services from origination through execution of experienced service that adds value in all markets. Odeon Capital Group LLC is headquartered in New York City. Visit http://www.odeoncap.com for more information.