BTIG Adds 4 Equity Traders

Nov 21 2011 | 11:57am ET

BTIG, broker-dealer to the alternative assets industry, has expanded its equity trading business with four new hires.

The financial services firm has added Francis Heine, Christopher Sula, Phil Dauber and Joseph Fragala to its staff.

Heine joins BTIG as managing director and international equities sales trader, working out of the company’s Red Bank, New Jersey office. A Wall Street veteran, Heine spent 27 at Morgan Stanley, the last 22 years, as a sales trader covering global institutions for North and South American equities.

Sula and Dauber join BTIG in New York as managing directors and U.S. equities traders. Sua comes to BTIG from Knight Securities where he served as head of cash trading, while Dauber was previously a senior trader at JPMorgan, Bear Stearns and Lehman Brothers.

Fragala, who joins as senior vice president and institutional sales trader, comes to BTIG from BGC Partners, where he worked as an equity sales trader. Prior to BGC, Fragala worked for Pali Capital, ING Barings and ABN Amro.

"BTIG's core strength is rooted in the extensive trading experience and expertise of our team," says Rick Blank, head of institutional trading. "Our trading desks are comprised of industry professionals who have covered institutional accounts for an average of over 15 years. Our professionals have seen many market cycles throughout the years and, under the current volatility, BTIG's collective experience is able to provide unparalleled service to our clients as they work to navigate through difficult trading environments."

BTIG has recently hired senior professionals in its London, Hong Kong and Australia as it expands its global operations.

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