Prime brokerage firm Merlin Securities is expanding its footprint with a push into Canada. The firm has recently hired Daniel Dorenbush as a partner and chief executive officer of the firm’s Canadian operation, which is slated to open later this year, FINalternatives has learned.
In his new role, Dorenbush will be based in Toronto and will report to Ron Suber, senior partner, head of global sales and marketing.
Most recently, Dorenbush was a New York-based managing director and global head of strategic sales and relationship management in the hedge fund services division at RBC Capital Markets. He had responsibilities across electronic, professional and futures trading, including prime brokerage, soft dollar services, capital introduction and RBC’s fund of hedge funds. Prior to that, he was global head of prime brokerage for RBC Capital Markets.
Merlin Securities was founded in 2004 and serves more than 500 single- and multi-primed managers, providing them with an open architecture suite of solutions including dynamic performance attribution analytics and reporting, seamless multi-custody services, capital development, 24-hour international trading, securities lending and access to the Gerson Lehrman Group’s worldwide network of experts. In addition to its planned Canadian office, the firm has operations in San Francisco and New York.