BTIG Expands Emerging Markets Fixed Income Sales And Trading Platform – Alfredo Chang and Patrick O’Sullivan Join Team

New York – November 3, 2009 – BTIG LLC, a broker dealer specializing in institutional trading and related brokerage services, today announced the expansion of its Emerging Markets Fixed Income platform with the addition of Alfredo Chang and Patrick O’Sullivan. Both professionals bring more than 15 years of experience to the firm.

“Over the last nine months we have expanded our team to include 75 of the strongest fixed income professionals on Wall Street focused on serving our growing institutional client base,” said Jon Bass, Co-Head of Global Fixed Income at BTIG. “Both Alfredo and Pat bring significant experience to this effort.”

Chang and O’Sullivan join the recently formed Emerging Markets team, headed by Alex May, a 15 year veteran of Smith Barney and Salomon Brothers/Citigroup. The team also includes William Dolan, Emerging Market Bond Trader, previously of Merrill Lynch and Citigroup/ Salomon Brothers; Ralph Dalton, Emerging Markets Sales, formerly of Merrill Lynch; and Ariel Grignafini, Emerging Markets Desk Analyst who joined BTIG from Deutsche Bank.

“We have made an early impact in Emerging Market Credit sales and trading in the Americas and see an opportunity to replicate our model globally. As a mid-sized firm we are able to move quickly to meet our clients’ needs,” said May. “We are excited to welcome Pat and Alfredo to our team.”

Chang joins BTIG’s fixed income team as Managing Director of Emerging Markets Sales. He was previously the global head of emerging markets fixed income for Lehman Brothers Asset Management. Prior to joining Lehman, he spent seven years at GE Asset Management leading its $1.5 billion emerging markets fixed income build-out and co-managing its high-grade fixed income portfolio. Chang previously worked at AIG, where he was part of the firm’s foreign exchange committee. During his career, Chang has managed fixed income, local market rates, foreign exchange, corporate credit, and structured products globally. He has a BS from the University of Florida and is a Chartered Financial Analyst.

O’Sullivan joins BTIG’s Emerging Markets trading team. He brings 20+ years of experience in the financial arena, and 15 years trading/sales experience in the emerging markets corporate/sovereign/structured product space. As a Director at Merrill Lynch/BOA, O’Sullivan had senior sales/trading, syndicate and structured product development responsibilities on the Private Banking trading desk, and prior to that he had trading responsibilities on the institutional cash trading desk in the LATAM space. O’Sullivan holds a B.S. in Finance/International Economics from St. Johns University.

The Global Fixed Income Group was launched in February of this year by Bass, formerly of UBS, and John Purcell, formerly of Citigroup, who together bring 50 years of fixed income experience to the BTIG team. The group focuses on sales and trading of credit products, which cover the full credit spectrum from investment grade to distressed debt.

About BTIG
BTIG LLC is a premier institutional brokerage and fund services company. Founded in 2002, BTIG, including through its affiliates, employs over 350 professionals around the world. BTIG serves over 1,200 institutional customers and offers services from five divisions: Equity Trading, Global Fixed Income, Prime Brokerage, Outsource Trading and Direct Market Access. BTIG has offices in New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank, Aspen and Orinda. The firm also has affiliates in 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. [email protected]
Peter Tarrant at 212.593.7560, [email protected]