BTIG, a broker-dealer catering to the alternative investments sector, has named industry veteran Allen Hassan as managing director on the preferred products desk.
Hassan joins BTIG from Jefferies & Co., where he started the preferred desk in 2003. Prior to that he was with Prudential Securities, where he was instrumental in its preferred business and distribution capabilities. Earlier in his career, Hassan worked in the fixed income and equity sales at Lehman Brothers.
“We have seen increased flows in the preferred market across our diverse client base as investors continue to seek higher yields,” said Robert Langer, head of the high yield and distressed desk. “Allen brings a unique level of experience in the preferred markets and will be instrumental in BTIG’s growth in this area.”
BTIG is an institutional brokerage and fund services company founded in 2002 and employing, including through affiliates, over 400 professionals in five different countries.