EFX Prime Services Hires Two Industry Vets

Jun 17 2010 | 9:07am ET

EFX Prime Services has hired two prime brokerage executives to help lead the firm's sales efforts.

Jonathan Shapiro joins EFX Prime from Goldman Sachs & Co. where he was a senior relationship manager. At EFX, Shapiro will assist clients address the mounting operational and infrastructure challenges that funds face.

Gary Mednick joins EFX Prime from Grace Financial. At EFX, Mednick is tasked with guiding the firm to leverage its considerable infrastructure to partner with active trading strategies.

Both Shapiro and Mednick will be based out of EFX Prime’s headquarters in New York.

“Building on the 25 years of trading success of First New York - EFX Prime Services offers an unparalleled operational service offering and trading expertise and acts as a true partner to our clients success,” said Brian Stutman, managing director. “We are pleased to add Jonathan and Gary to EFX Prime Services. Their tremendous experience and specific areas of expertise will help our clients leverage our trading expertise, operational excellence and unique capital introduction effort.”

EFX Prime Services offers prime brokerage services, comprehensive trading solutions and capital introduction to single and multi-primed funds.  The firm has a presence in New York and Florida. EFX Prime Services and its asset management arm, EFX Capital, are divisions of First New York Securities.

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