JonesTrading Names New Capital Markets Head

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. 


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note