Merlin Nabs Ex-Bear Stearns Prime Brokerage Exec.

Apr 2 2008 | 11:36am ET

Ron Suber has joined Merlin Securities, a broker-dealer specializing in technology driven prime brokerage services, as head of global sales and marketing.

As a senior partner, Suber's responsibilities will be to expand the firm's presence and market share across the industry, including medium and large sized multi-primed hedge funds. He will report directly to Stephan Vermut, co-founder of Merlin Securities.

Previously, Suber was at Bear Stearns where he was a senior managing director and manager of global clearing sales, which encompasses prime brokerage and services for broker dealers and registered investment advisors. For the past 20 months, Suber has served as president of Spectrum Global Fund Administration, a fund administrator headquartered in Chicago.

“Ron's success has been in understanding a client's needs and formulating real world solutions while keeping the managers best interests in mind,” said Vermut.

Merlin Securities has custodial and clearing relationships with JP Morgan/Bear Stearns and Goldman Sachs. In January 2008, venture capital firm Sequoia Capital
invested $20 million in Merlin Securities.

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