Global broker dealer BTIG has hired David Kallenberg as a managing director for its new convertible securities desk in Los Angeles.
Kallenberg comes to BTIG from KKS Securities, a convertible securities boutique he co-founded in 2008 and which was bought by Sterne Agee in 2010. Prior to this, Kallenberg held a variety of US-focused convertible securities roles at Thomas Weisel Partners, Amaranth Advisors and William Blair, a Chicago-based brokerage firm, where he built the convertible securities desk and was head of trading and risk management.
BTIG’s convertible securities desk, led by Robert Langer, was launched in October 2009 to complement the firm’s equities, fixed income and prime brokerage offerings.
“David brings a mix of extensive convertibles experience and deep institutional relationships that can be leveraged across the entire firm,” said Langer. “With the addition of David, BTIG now has convertible sales coverage in Los Angeles, San Francisco and New York, as we look to continue to provide our clients with high touch local service.”
Founded in 2002, BTIG (and its affiliates) employ more than 400 professionals in five different countries.