BTIG Expands Global Equities Group

Aug 10 2010 | 9:54am ET

BTIG, a broker dealer specializing in institutional trading and related brokerage services, has appointed Michael Nethercott as a director in equity sales trading.

Nethercott joins BTIG from Lighthouse Financial Group, where he was part of the firm's agency focused execution desk. Prior to Lighthouse, Nethercott was with Bear Stearns for eight years.

"We are happy Michael chose BTIG's platform to continue covering his clients," said Richard Blank, managing director and global head of equities at BTIG. "We continue to attract top talent to our sales and trading business. Michael brings with him expertise and long-term institutional relationships which is what has defined BTIG."

Last week, Lighthouse Financial Group was forced by regulators to halt trading operations. One source told FINalternatives that the firm was reportedly in talks regarding a potential acquisition, but another source familiar with the situation now tells FINalternatives that there has been no movement in that area.

 


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