BTIG Continues U.S. Fixed Income Expansion with key hires in High Yield, High Grade, Convertibles and Structured Production

New York – July 21, 2010 – BTIG, LLC, a broker dealer specializing in institutional trading and related brokerage services, today announced the continued expansion of its US Fixed Income Sales and Trading platform with the addition of key hires in its High Yield, High Grade, Convertibles and Structured Products Group. Jeff Growney, Mike Rodeno, Drew Meany, Irene Fan, Tim Sumner, Brian Danahy and Kevin McGuire have joined BTIG to broaden its fixed income offering in New York, Boston, San Francisco and Los Angeles.

Robert Langer, Head of High Yield, Distressed and Convertibles at BTIG, commented, “We continue to attract highly experienced talent nationwide to join BTIG’s Fixed Income platform and are excited to welcome these seven professionals to our team. By building out our regional presence, we are not only putting ourselves closer to our clients but at the same time we are expanding our talent pool and depth of offerings.”

Growney joins BTIG’s New York office as a Managing Director in the Fixed Income High Yield Sales team. Prior to BTIG, Growney served as Managing Director of High Yield and Distressed Sales at Imperial Capital. Over a 25-year career in fixed income, he has worked with Lehman, UBS, Citi and Wachovia.

Rodeno joins BTIG’s Los Angeles office as a Managing Director in the Fixed Income High Yield Sales team. Prior to BTIG, Rodeno served as Managing Director at Imperial Capital Los Angeles, where he spent 4 years in institutional sales and trading covering mutual funds and hedge funds for fixed income, equities, and convertible products. Prior to Imperial Capital, he spent 15 years in Boston as a Managing Director in institutional equity sales coverage for JNK Securities, ABN Amro, Lehman Brothers and Tucker Anthony.

Meany joins BTIG’s New York office as a Managing Director in Fixed Income High Yield and Distressed Trading. He brings 15 years of experience trading both high yield and distressed securities in the US and Europe. Meany spent the last year at Christopher Street Capital and the preceding 4 years at Imperial Capital, where he was a partner. Prior to that, he worked in London as the Head High Yield Trader for Toronto Dominion and Dresdner Kleinwort Wasserstein.

Fan joins BTIG’s San Francisco office as a Director in the Fixed Income Sales Structured Products Group. Fan has been working on the West Coast providing sales coverage to institutional clientele for over 15 years, most recently with Jesup & Lamont Securities and KBW.

Sumner joins BTIG’s Boston office as a Director in the Fixed Income Sales Structured Products Group. Sumner brings 14 years of experience in both Fixed Income Sales and Trading. Sumner was previously with Piper Jaffray in the institutional credit/structured product sales group. Prior to his time at Piper Jaffray, Sumner held a role as a Director of Fixed Income Sales at Barclays Capital and Merrill Lynch in Boston.

Danahy joins BTIG’s Boston office as a Director in the Fixed Income High Grade Sales team. He brings more than 10 years of experience in Fixed Income Sales and Trading. Most recently, Danahy was in the Institutional Fixed Income Sales Group at Piper Jaffray. Earlier in his career, he held a similar role at UBS, and has also worked as an Investment Grade Trader at both Putnam Investments and Columbia Management in Boston.

McGuire joins BTIG’s San Francisco office as a Director in the Fixed Income Convertible Sales team. He started his career at Paine Webber in 1982, where he was a Senior Proprietary Options trader. In 1986, he joined Wertheim/Citigroup, where he was a proprietary and facilitation Convertible Securities trader. He later moved to San Francisco and joined Robertson Stephens’ Convertible Sales and Trading Desk as a Senior Convertible Salesman. Most recently he was focused on banking and advisory work with Lazard Capital Markets and B.Riley & Co. LLC.

Jon Bass, Head of Fixed Income at BTIG, added, “BTIG’s fixed income platform has grown at a significant pace over the last 18 months. We have broadened our product offering, expanded our presence across the US and plan to launch globally in the coming months. BTIG’s visibility in the market combined with our diverse platform continues to enable us to attract top talent to our growing Fixed Income group.”

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

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