WallachBeth Capital Adds Pair Of ETF Execution Experts

Jan 13 2012 | 6:59am ET

Institutional brokerage and execution firm WallachBeth Capital has added two industry veterans to the firm’s ETF execution division. Chris Hempstead, a 20-year trading market veteran joins as director of ETF execution, and Dong Lee, a 12-year ETF product specialist, joins as director of institutional sales. 

According to Michael Wallach, co-founder and CEO of WallachBeth, “The continued growth in the ETF product arena, coupled with our firm’s unique approach to true best execution has struck more than a chord with the institutional investor community, and has required us to continuously ramp up our infrastructure with the industry’s most talented individuals.”

Hempstead most recently ran the ETF desk at Cowen & Company, and spent the majority of his career as a major exchange specialist responsible for ETF market-making for a broad list of issues.

Lee joins the firm after almost four years with The Vanguard Group, the industry’s third largest ETF issuer by assets, where he was responsible for ETF distribution for the firm’s institutional clients. Prior to that, he spent eight years as a vice president of institutional sales for Legg Mason, the global asset management firm.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note