BTIG Launches New Structured Product Business

Firm Adds Alejandro Feely to Lead Initiative as well as Conor O'Callaghan, Michael Murray and Emily Brown to Enhance Business Development Efforts

NEW YORK--(BUSINESS WIRE)--BTIG announced today that the firm has hired several industry leaders and senior product specialists to launch a new Structured Product business from within BTIG’s Fixed Income, Currency and Commodities division. Alejandro Feely, a twenty-year industry veteran, will lead the new business unit. He joins BTIG as a Managing Director and the Head of Structured Products. Additionally, Conor O'Callaghan, Michael Murray and Emily Brown join BTIG as part of the Structured Product sales and trading team.

BTIG Structured Product professionals will be focused on secondary trading as well as facilitating new issue for a wide range of products and client segments including banks, hedge funds, institutional money managers, insurance providers and more. “Our expansion into structured credit products is another key development in the diversification of our trading platform,” commented Anton LeRoy, President of BTIG. “We are confident that under Alejandro’s leadership and with contributions from Conor, Michael and Emily, that we will generate new business opportunities and compelling ideas for clients to leverage.”

By facilitating introductions between buyers and sellers of structured credit products and producing actionable sales commentary, BTIG’s team will help institutional investor clients maximize their performance. In 2018, BTIG made its first investment in the structured products space when it launched a Commercial Mortgage-Backed Securities Trading (CMBS) desk led by Weston Friedman. The new Structured Product offering will complement the firm’s existing CMBS capabilities and build upon the momentum achieved in the space thus far.

Prior to BTIG, Mr. Feely was a Managing Director at Brownstone Investment Group, where he managed the Mortgage Credit Trading desk. Previously, he spent four years at Morgan Stanley, where he was a Director within the Fixed Income division and led the Mortgage Credit Trading desk. Earlier in his career, Mr. Feely was a Vice President and Mortgage Trader within Fixed Income Trading at Nomura Securities. He began his career at Lehman Brothers as an Associate and Mortgage Structurer on the Fixed Income Trading desk.

Mr. O’Callaghan joins BTIG as Managing Director and the Head of Structured Products Sales. Prior to BTIG, he was the Head of Investment Banking and a Managing Director within Structured Products at Brownstone Investment Group. Previously, Mr. O’Callaghan was a Managing Director at Nomura Securities, where he held several senior roles in both the Investment Banking and Global Markets divisions throughout his decade with the firm. Earlier in his career, he held similar roles at Barclays, Clay Finlay and Credit Suisse.

Mr. Murray joins BTIG as a Managing Director. Prior to BTIG, he was a Managing Director within Capital Markets at Waypoint Direct Investments and a Managing Director within Fixed Income Credit at Imperial Capital. Previously, Mr. Murray was a Managing Director within Securitized Product Sales at Nomura Securities and a Managing Director within Debt Capital Markets at Cantor Fitzgerald. Earlier in his career, he was a Managing Director within Structured Product Sales at Credit Suisse.

Ms. Brown joins BTIG as a Director. Prior to BTIG, she was a Director within Fixed Income Sales at Brownstone Investment Group. Previously, Ms. Brown held MBS sales roles at Jefferies, where she was a Senior Vice President, and with Nomura Securities, where she was a Vice President. Earlier in her career, she was a Senior Analyst within Real Estate Securities at PPM America.

About BTIG

BTIG is a global financial services firm specializing in institutional trading, investment banking, research and related brokerage services. With an extensive global footprint and more than 700 employees, BTIG, LLC and its affiliates operate out of 19 cities throughout the U.S., and in Europe, Asia and Australia. BTIG offers execution, expertise and insights for equities, equity derivatives, ETFs and fixed income, currency and commodities (futures, interest rates, credit, and convertible and preferred securities). The firm’s core capabilities include global execution, portfolio, electronic and outsource trading, transition management, investment banking, prime brokerage, capital introduction, corporate access, research and strategy, commission management and more.

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