BTIG Continues Prime Brokerage Expansion With Key Hires In Boston

New York – August 4, 2010 – BTIG, LLC, a broker dealer specializing in institutional trading and related brokerage services, today announced the continued expansion of its Prime Brokerage platform with the addition of key hires in sales and relationship management. Mike McCuin and Adrianne Schulte have joined BTIG to broaden its Prime Brokerage offering. They join BTIG’s Boston office that already includes 12 professionals focused on Equity & Fixed Income Trading.

“We view Boston as an important strategic market. Having a local presence is vital to our success and demonstrates BTIG’s commitment to the Boston investment community,” commented Justin Press, Co-Head of Prime Brokerage at BTIG.

McCuin joins BTIG’s Boston office in Prime Brokerage Sales. He brings nearly 10 years of experience in Prime Brokerage, Sales and Trading. Most recently, McCuin was in business development at Kaufman Rossin Fund Services. Prior to Kaufman Rossin, McCuin held positions at JP Morgan Prime Brokerage and CIBC World Markets.

Schulte joins BTIG’s Boston office in Prime Brokerage Relationship Management. Most recently, Schulte was in Client Services at JP Morgan Prime Brokerage in New York. Prior to JP Morgan, Schulte was at Gemini Fund Services.

“Given the number of hedge funds in Boston right now and the expected new launches in the next few years, we think now is the time to add dedicated Prime Brokerage staff here,” added Dan Patterson, Managing Director and Head of BTIG’s Boston office. “We expect new funds will be started by professionals currently at the larger institutions we cover in Boston and we are well positioned to become a strategic partner to them as they go through the start-up phase of their next venture.”

BTIG’s Prime Brokerage division was launched in January 2004 and caters to start-up and existing equity & fixed income hedge funds. The division has offices in New York, San Francisco, Dallas and Boston.

About BTIG

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 5 different countries. BTIG serves customers from all over the world and offers services in nine areas: Equity Trading, Fixed Income, Convertible Securities, 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, Aspen 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

MEDIA CONTACTS:
Caroline Harris at 212.279.3115, ext. 222
Kelsea Michael at 212.279.3115, ext. 231, [email protected]
Peter Tarrant at 212.593.7560, [email protected]