Carolina Capital Markets Joins Forces with Academy Securities
Two Veteran-owned institutional firms on a mission to hire and train our veterans and build a leading global broker-dealer
NEW YORK--(BUSINESS WIRE)--Academy Securities, a registered broker-dealer and certified Disabled Veteran Business Enterprise, today announced that Carolina Capital Markets (CCM) will be joining forces with Academy to expand its business operations in fixed income sales and trading while bolstering its efforts to hire and train recent combat veterans.
“CCM shares our vision of working directly with the veteran community and consists of many highly trained Wall Street veterans in the fixed income business.”
“Academy’s vision is to bring together military veterans and Wall Street veterans to build an institutional broker-dealer with outstanding skills and character,” said Chance Mims, Chairman and Chief Executive Officer at Academy Securities. “CCM shares our vision of working directly with the veteran community and consists of many highly trained Wall Street veterans in the fixed income business.”
Academy Securities will enlist the top management of Carolina Capital Markets, Tom Shugrue and Steve Chaires. Shugrue, as Head of Fixed Income, will be responsible for taxable and tax exempt fixed income sales, trading, capital markets, and corporate finance. Chaires, as Head of Fixed Income Trading, will be responsible for all fixed income trading activities. To maximize efficiencies, Academy will also integrate CCM’s highly skilled operations and compliance departments.
Tom Shugrue is a former Marine Corps officer who served a tour of duty in the Republic of South Vietnam. Shugrue will be especially focused on the training and hiring of combat veterans returning from Iraq and Afghanistan. “Joining forces with Academy will arm our returning veterans with greater access to fixed income products and services.”
In August of 2012, JPMorgan entered into a Mentor Protégé agreement with Academy under the U.S. Department of the Treasury Mentor-Protégé program to expand its business operations and hire and train military veterans in areas like trading, investment banking and municipal finance.
“It is clear to see the positive effects that JPMorgan is having on Academy Securities,” said Steve Chaires. “From a trading perspective, institutional asset managers will benefit from access to more fixed income products with superior execution and also take pride in the process of helping Academy hire recent combat veterans.”
About Academy Securities:
Academy Securities is an institutional broker dealer that brings together U.S. military veterans and seasoned industry experts to provide financial solutions to investment managers, public, corporate, and multi-employer pensions as well as municipalities, government agencies and corporate entities. The firm has offices in New York, Chicago, Chapel Hill and San Diego and is a FINRA-registered Broker-Dealer, certified Disabled Veteran Business Enterprise (DVBE), Service Disabled Veteran Owned Small Business (SDVOSB), certified Minority Business Enterprise (MBE) and SIPC member. Information about Academy Securities is available at www.academysecurities.com.