JonesTrading Taps New Head Of Advisor Services

Feb 1 2012 | 7:56am ET

Brokerage firm JonesTrading Institutional Services has named industry veteran Seth Michaels as managing director and head of its advisor services business.

Michaels has over 20 years’ experience in prime brokerage and equity finance, most recently managing all aspects of Barclays’ high-net-worth client financing business including margin, repo and securities lending. Michaels previously managed Neuberger Berman Clearing Services (a Lehman Brothers company) which provided execution, reporting, custody and clearing services to correspondent broker dealers, registered investment advisors and hedge funds.

Said Packy Jones, chairman and CEO of JonesTrading, in a statement: “JonesTrading is well suited to provide the growing investment advisor and related customer segments superior execution and the services they need. We have a broad and growing product set and a deep bench of experts who apply the JonesTrading model to our clients. Seth Michaels will focus our core strengths in this growing market, building on his client relationships and market insights.”

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