NEW YORK--(BUSINESS WIRE)--Macquarie Securities, the institutional equities arm of Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced the appointment of Fred Fogg and Lance Vegna as Co-Heads of its Portfolio Solutions group in the firm’s New York office. The new appointments significantly bolster Macquarie’s portfolio and investment management solutions services.
Damian Hoult, Global Head of Execution Services, Macquarie Securities said: “Fred and Lance have managed some of the largest, most complex portfolio transitions in the industry. Their experience, combined with Macquarie’s global equities platform, provides clients with a reliable and highly effective transition management partner.”
Fred Fogg joins as Co-Head of Portfolio Solutions. With more than 26 years experience in portfolio strategies, management and trading, he joins from Credit Suisse, where he was Co-Head of Americas for Transition Management. He has an established track record of providing customized transaction structuring, beta implementation and risk management solutions to clients. He held a similar role at Citigroup, and was previously at Morgan Stanley.
Lance Vegna joins as Co-Head of Portfolio Solutions. He was most recently Co-Head of Transition Management for the Americas at Credit Suisse, where he helped launch and develop various portfolio trading businesses. He has held relevant industry roles at Bank of New York, where he founded its program trading desk, and Furman Selz Capital Management. He has more than 20 years of industry experience and has deep knowledge of equity portfolio trading, sales, and portfolio transition management.
These appointments follow recent senior staff additions to Macquarie Securities, continuing the expansion in the strength and quality of the firms’ US equities effort.
Macquarie Securities Group has more than 300 sales professionals and more than 350 equity research professionals covering approximately 2,250 stocks around the world.
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 13,600 people. Assets under management total approximately $339 billion at March 31, 2013. For more information, visit www.macquarie.com.
About Macquarie Securities Group
Macquarie Securities Group operates as a global institutional securities house covering sales, research, ECM, execution and derivatives activities, and offers full-service cash equities in Australia, Asia, South Africa and Canada with specialized offerings in the US and Europe. Macquarie Securities Group operates in the US as Macquarie Capital (USA) Inc., a member of FINRA and SIPC.