ConvergEx Beefs Up Its Prime Services Business With New Hires

Aug 9 2010 | 10:39am ET

ConvergEx Group's prime brokerage business, NorthPoint Trading Partners, is beefing up its team with four new hires.

The firm has recently added Michael McLoughlin and Jay Mercier to its electronic execution group, and Raoul Scott and Erik Fuchs to its client serving team. The four are based out of Atlanta. 

“Since joining forces with ConvergEx, we have been signing on new clients at a record rate while continuing to provide the same level of customer service that we are known for throughout the industry," said Douglas Nelson, chief executive officer of ConvergEx’s NorthPoint Trading Partners. "We have been very pleased with this pace and attribute it to the significantly expanded number of ConvergEx technologies that we have made available to our clients.”

McLoughlin joins the firm from Prudential Equity Group, a subsidiary of Prudential Financial; Mercier from YieldQuest Advisors; Scott from ConvergEx’s Eze Castle Software; and Fuchs from Merrill Lynch.

ConvergEx’s NorthPoint Trading Partners provides prime brokerage services to hedge funds, family offices, mutual funds and registered investment advisors. ConvergEx acquired NorthPoint Trading Partners last December, and since that time has been working to expand the offerings available to its prime brokerage clients.

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