Saturday, 23 August 2014
Last updated 1 day ago
Feb 24 2006 | 12:00am ET
Jefferies & Company has snagged a six-person team of industry veterans from Banc of America Securities to enhance its prime brokerage unit, which is a large provider of services to small- and mid-sized hedge funds.
The group will be led by Glen Dailey, who will serve as head of prime brokerage services. Dailey is taking over the position from David Conover, who will focus on his role as the firm’s head of correspondent clearing, a position he held in addition to being head of prime brokerage services.
Before joining Jefferies, Dailey was a managing director and the chief operating officer of prime brokerage services at Banc of America Securities. The other members of the group are John Kunze, who was a managing director and head of technology at BofA; Evan Gevarter, previously a managing director and head of relationship management at BofA; Michael Hill, former principle and senior relationship manager at BofA; R. Penn Miller-Jones, previously a managing director and senior salesman at BofA; and Christopher Bianchi, former principle and senior operations manager at BofA.
“We see a vast opportunity to meet the needs of small and midsized hedge funds who are currently being underserved by Wall Street,” said Richard Handler, chairman and chief executive officer of Jefferies.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note