Thursday, 31 July 2014
Last updated 15 hours ago
Jun 7 2010 | 8:51am ET
Agency brokerage JonesTrading Institutional Services has hired Andrew Tuthill to head the firm's capital markets group.
Tuthill, who will serve as managing director and a member of the executive committee, was most recently a managing director, head of special situations for the equity capital markets group at Thomas Weisel Partners. He previously served as managing director with the ECM team at UBS Investment Bank. He also held a senior position at JP Morgan.
“JonesTrading's success is contingent on bringing our clients the liquidity they need," said Packy Jones, chairman and CEO of JonesTrading. "Andrew Tuthill will build and expand on the success we have already established for the capital markets. Andrew brings the expertise and experience that our clients have come to expect from JonesTrading.”
Tuthill added, “Institutions seek to add value to their businesses and our ability to deliver a capital markets product fills that need. The JonesTrading approach to capital markets offers clients an efficient and cost-effective alternative to the traditional model for secondary offerings."
For public companies seeking to raise additional equity, JonesTrading offers a “quiet” financing alternative called At-The-Market offering. The At-The-Market offering enables sales of a company’s stock via JonesTrading on an agency basis directly to the markets, driven by the timing and financial needs of the company. Using its network of global institutional investors, JonesTrading will access liquidity on behalf of publicly traded companies. On behalf of institutional investors JonesTrading conducts reverse inquiries into public companies to structure secondary or private placement offerings.
For private equity firms looking to exit their publicly-held positions, JonesTrading offers a block trading solution that allows institutional investors to buy or sell large blocks of stock without moving the market. Unlike passive crossing networks that simply match open buy and sell orders, the JonesTrading solution allows investors to proactively source liquidity that may not be currently available in the markets.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…