STAMFORD, Conn.--(BUSINESS WIRE)--CRT Capital Group LLC (“CRT”), an independent institutional broker-dealer based in Stamford, CT, today announced the completion of its previously announced acquisition of the Institutional Equity business of Sterne Agee Group, Inc. (“Sterne Agee”).
The acquisition combines CRT’s Institutional Equity business with Sterne Agee’s Equity Sales, Trading and Research Distribution platform, which has relationships with over 1,000 institutions and serves clients from locations including New York, Boston, Chicago, Dallas, San Francisco and London. Immediately following the closing, CRT’s Equity Sales, Trading, Research and Investment Banking functions will be branded as Sterne Agee CRT.
“We believe by bringing together these two highly dedicated and talented groups of professionals we will not only enhance value for our institutional clients, but will create one of the strongest Institutional Equity businesses globally,” said Ted Janulis, CRT’s Chief Executive Officer.
“We are excited by the opportunity created by joining CRT,” said William Jump, former Director of Equity Sales, Trading & Research for Sterne Agee, who is joining CRT as President and will serve on the Board of CRT Greenwich LLC, CRT’s parent company. “The combination of Sterne Agee’s Institutional Equity business and CRT positions the firm to deliver best-in-class service to clients of both of our long-established equity businesses.”
About CRT Capital Group LLC
CRT, with over 25 years of experience as an institutionally-focused broker-dealer, continues to build a premier organization that delivers value-added research, trading and banking services to its clients.
CRT provides security brokerage and research services to institutional accounts with established counterparty relationships around the world. CRT, formerly known as Credit Research and Trading LLC, was founded in 1989 and is headquartered in Stamford, CT. For more information, please contact John Nielsen at 1-203-569-4316 or firstname.lastname@example.org.