Ex-Hedge Fund Prez Founds Treasuries Brokerage

Feb 23 2010 | 7:22am ET

A former hedge fund executive has founded a brokerage that will specialize in government bonds with a pair of fellow Bank of America veterans.

Mark Werner, who served as president of global macro shop Graham Capital Management for a year and a half after leaving BofA, is now heading Pierpont Securities Holdings. The new Stamford, Conn.-based firm has already raised $85 million from six investors in a private offering, and is seeking a further $135 million, according a Securities and Exchange Commission filing.

Pierpont—named for J. Pierpont Morgan, namesake of JPMorgan Chase, where Werner served as a vice chairman before joining BofA in 2004—is already registered with the Financial Industry Regulatory Authority. And Werner is no stranger to government debt, as he serves on the U.S. Treasury Dept. borrowing advisory committee, which he once headed.

Joining him at the new firm are Thomas Connor, who was head of U.S. Treasury trading at JPMorgan until joining BofA with Werner, and Joseph Blauvelt, who joined BofA in 2006.

Werner is CEO of Pierpont, Connor president and Blauvelt CFO.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR