Grace Financial Group—which specializes in prime brokerage and custom execution services—has appointed Gerard Lennon to the newly-created position of president.
According to CEO Brian Villante, Grace Financial Group is working to broaden its offerings through new relationships in the clearing and execution services industry as well as maintain the sequential growth it is experiencing with many of its other products.
Lennon, who has been with Grace Financial Group for the last six years, brings to the position more than 20 years of institutional sales and brokerage experience.
According to Villante, the past few years have been marked by consolidation and challenges for many in the industry, but Grace Financial has both maintained and in many cases grown its position in the marketplace. Both Villante and Lennon are expecting a long-term upturn in the business cycle for the entire industry, and as such “are excited to have Grace in position to be at the competitive forefront of this cycle.”