Wednesday, 24 August 2016
Last updated 15 min ago
Aug 16 2011 | 1:19pm ET
BTIG, a broker-dealer specializing in servicing the alternative investments industry, has opened an outsource trading desk in Hong Kong.
The new service extends BTIG's outsource trading service to Asia, and follows the establishment of a similar desk in Sydney, Australia, last year. The new effort is headed by executive director Trevor Harrison.
"We believe much of the growth in the Asia-based outsource trading service will come from new manager launches," Harrison said. "New managers will choose outsource trading as an interim solution until their assets under management support hiring a bigger team. We also expect that existing fund managers will add BTIG as an extension of their internal dealing desk or as a substitute for employing one in-house."
Jesse Lentchner, BTIG Chief Executive Officer for Asia Pacific, added, “BTIG understands the challenges facing fund managers who want to execute their global strategies and grow their managed assets without having to build out a dedicated in-house trading desk. BTIG’s Outsource Trading Desk provides these managers not only with a valuable service, but also with instant trading expertise.”