LONDON--(BUSINESS WIRE)--Olivetree Securities Limited, a leading UK equities agency brokerage firm, announces the establishment of its US subsidiary, Olivetree USA, LLC (“Olivetree”), located in New York.
Olivetree is headed by Jim Cirenza as CEO, who has over 25 years of experience in international equities and fixed income across a number of senior roles. Prior to joining Olivetree he was Global Head of Securities (equity and fixed Income) at Carnegie Investment Bank for eight years and previously he was Head of European Sales Trading in the US at JP Morgan. Elizabeth Tyndale is Co-Head of Distribution, with more than 15 years of international equity experience, including ten years at Morgan Stanley, ultimately as Head of European Sales in the US. Tim Corliss has joined as a senior member of Distribution, with more than 15 years of trading experience, most recently at Hawkstone Capital.
Since becoming a FINRA member, Olivetree has already secured a number of US institutional investors through its unique business model which offers trade execution and advisory services provided by its UK affiliate, predominately in relation to European equities. Conflicts of interests are significantly reduced by avoiding proprietary trading and provision of corporate advisory services.
Olivetree Securities Limited was founded in the UK by Daryn Kutner, formally of Morgan Stanley, in 2009 and now services a large number of institutions and hedge funds combining expert “high touch” agency execution services with detailed analysis on stocks to produce investment ideas, delivered exclusively to institutional clients on a targeted basis.
Daryn Kutner, CEO and founder of Olivetree Securities Limited, said: “We are very pleased to have established a business in the US, a region we believe is essential to our long term success.” Jim Cirenza, CEO of Olivetree added: “We are delighted to have already secured a number of US institutions as clients, who have been attracted by Olivetree’s focus on building trust through client confidentiality and the avoidance of conflict of interests. As we continue to expand our client base and deliver positive revenue growth we look forward to making a number of additional hires over the rest of the year.”
Notes to Editors:
About Olivetree Securities
Olivetree Securities Limited is an independent agency broker, based in London, with an exclusively institutional client base, focusing on European and US equities. Olivetree Securities Limited does not undertake proprietary trading or provide corporate advisory services.
Olivetree Securities Limited is a private limited liability company registered in England and Wales. Its company registration number is 6769349. Olivetree Securities Limited is authorised and regulated by the UK’s Financial Services Authority. Its FSA registration number is 494671. Tel: 0203 159 4040.
Olivetree USA, LLC
Olivetree USA, LLC is a FINRA registered broker dealer, with its offices located in New York. The Firm provides execution services, predominately in relation to foreign securities, by accepting client orders from its US institutional investor client base and routing them to its affiliate, Olivetree Securities Limited, for execution in local markets. Transactions with US clients are introduced to our US clearer, Pershing LLC. The Firm also distributes related third party affiliate research into the US on behalf of its UK affiliate, Olivetree Securities Limited. The Firm participates in public and private placements as a selling group member. Olivetree USA, LLC is a part of the Olivetree Securities group of companies and is a wholly owned subsidiary of its parent company, Olivetree Securities Limited.