NEW YORK--(BUSINESS WIRE)--BTIG, LLC, a broker dealer specializing in institutional trading and related brokerage services, today announced a significant expansion to its High Yield and Distressed Desk Analytics Group with the hiring of industry veterans Elie Radinsky and Mark Palmer.
Radinsky joins BTIG as Managing Director and Head of High Yield and Distressed Analytics. Palmer joins BTIG as a Managing Director, High Yield and Distressed Desk Analyst. They join a team of experienced analytics professionals on BTIG’s Fixed Income Desk covering various sectors including health care, chemicals, paper and packaging, banks and finance, energy, autos, retail, reorg. equity and structured products.
“We are taking advantage of the consolidation in the high yield space to add talent to our Fixed Income platform,” said Robert Langer, Head of the High Yield and Distressed Desk. “The addition of Elie and Mark is part of our commitment to providing a broad High Yield Analytics offering for our clients.”
Radinsky has more than 20 years of industry experience and joins BTIG from Chapdelaine Credit Partners, where he was the Head of High Yield and Distressed Desk Analysts. Prior to Chapdelaine, Radinsky was Head of High Yield and Equity Arbitrage Research at Summit Securities Group, where he developed proprietary trading ideas and provided sector insight. Prior to that, Radinsky was a Partner and Portfolio Manager at Brigade Capital Management, a multi-strategy hedge fund. He began his career covering the healthcare sector and held positions at Jefferies and Citigroup, where he was the #2 ranked high yield healthcare research analyst on Wall Street by Institutional Investor magazine. Radinsky received an MBA in Finance from Northeastern University, a Bachelors of Science in Business from Northeastern Illinois University, and a Masters in Education from Hebrew Theological College.
Palmer has 13 years of industry experience and joins BTIG from Prudence Holdings, a family office, where he served as Portfolio Manager. Prior to Prudence, Palmer served as a Portfolio Manager for Resurgence Asset Management and Highbridge Capital Management. He previously worked for BlackRock, AIG Global Investment Group and BNY Capital Markets as a high yield and distressed debt analyst. Palmer began his financial services career in leveraged finance at Bank of America. He received an MBA from the University of North Carolina-Chapel Hill and a Masters and Bachelors of Arts from the University of Virginia.
“We see the High Yield and Distressed business as a promising growth opportunity for us,” said Steven Starker, Co-Founder of BTIG. “These latest hires are consistent with our ongoing goal of adding talented and experienced professionals to our platform and are part of the continuing expansion of BTIG into areas where we can add value and service to our clients.”
BTIG’s High Yield and Distressed Desk, led by Robert Langer, launched in March 2009 to complement the firm’s equities, fixed income and prime brokerage offerings. The Desk is part of BTIG’s Fixed Income Group, which provides expertise and seamless execution across the capital structure for a broad range of institutional investors.
BTIG LLC is a premier institutional brokerage and fund services company. BTIG continues to build its global franchise around a broad and experienced group of professionals who are leaders and experts in their respective fields. Founded in 2002, BTIG, including through its affiliates, employs more than 400 professionals in five different countries. BTIG serves customers from all over the world and offers services in 11 areas: Equity Trading, Fixed Income, Futures Trading, Convertible Securities, Equity Derivatives, Prime Brokerage, Outsource Trading, Direct Market Access, Capital Markets, Equity Research and Corporate Access. BTIG has ten domestic offices: New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank, Norwalk and Orinda. The firm also has four overseas affiliates: London, Hong Kong, Singapore and Sydney.
BTIG LLC is a member of FINRA and SIPC
BTIG Australia Limited ACN 128 554 601 is a member of ASIC and ASX
BTIG Hong Kong Limited, Exchange Participant of SEHK, licensed and regulated by the SFC
BTIG Ltd is a member of the LSE and is authorized and regulated by the FSA
BTIG Singapore Pte. Ltd is registered and licensed with MAS