Thursday, 23 October 2014
Last updated 13 min ago
Dec 2 2011 | 7:56am ET
California-based investment firm Wedbush Securities, has named internet and social media specialist Thomas H. Wyman, Jr. as managing director of its private shares group.
Wyman has worked for a variety of technology-focused hedge funds in the San Francisco Bay Area and was previously an internet research analyst at JP Morgan. Wyman began his career at Morgan Stanley and was an early founder of Hambrecht & Quist’s branded consumer group.
In his new role, Wyman will be based out of Wedbush’s San Francisco office and will report to Cyrus Pirasteh, head of equity trading, technologies and operations.
The private shares group provides research and trading to the rapidly growing industry of privately traded securities, focusing on companies in the social media space. The group helps companies raise growth capital through traditional private placements and provide liquidity options for existing and former employees through tailored selling programs. Wedbush also works with venture capital, private equity and hedge fund investors to help them adjust their holdings in fast-growing companies.
“Wedbush private shares group provides investors with unique access across the landscape of private shares,” said Wyman in a statement. “I’m excited to join the team, and to help clients make informed decisions about investments in the companies that are transforming the world.”
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