Sunday, 7 February 2016
Last updated 1 day ago
Jan 14 2013 | 10:10am ET
BTIG, a broker-dealer catering to the alternative investments industry, is beefing up its presence in the Windy City with three hires from Knight Capital.
The firm has tapped veteran traders Matt Biety, Matt Krebs and Peter Murphy for its Chicago office.
Murphy, who joins BTIG as a managing director, is a 13-year veteran of Knight Capital, and the former manager of Knight’s Chicago office.
Biety, who joins BTIG as a director, has 18 years' experience in the financial industry, most recently as a sales trader and director at Knight Capital. He has also traded cash equities at Jefferies & Co. and he was an equities block trader at First Union Securities (now Wells Fargo).
Krebs, who also joins BTIG as a director, was vice president of institutional sales at Knight Capital, where he’d worked since 2005.
“We’re excited to expand our presence in Chicago,” said Steven Starker, co-founder of BTIG. “These experienced professionals will give the office further momentum by increasing our client base in the region and adding to our product offerings.”
Murphy, Biety and Krebs will report to Walter Mis, the head of BTIG’s Chicago office. BTIG’s build out of its Chicago office is part of a strategy to expand its presence on the ground in several key local markets throughout the U.S. BTIG plans further hires and additional local office expansions throughout the year.
BTIG has nine domestic offices in New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank and Orinda.