Tuesday, 21 October 2014
Last updated 5 min ago
Sep 24 2009 | 9:03am ET
New York-based broker-dealer Lighthouse Financial has expanded its institutional sales and trading operations by launching a global portfolio trading platform.
The new platform consists of eight professionals and will be led by Christopher Foxall, who is based in New York. The group will be primarily focused on portfolio and algorithmic execution, risk modeling, event driven research and transaction cost analysis.
“The addition of a global portfolio trading platform is a natural complement to our existing sales and trading operations enabling our firm to provide even more value to institutional clients,” says Rob Weinstein, Lighthouse Financial Partner and head of institutional sales and trading. “Having worked with Christopher at Bear Stearns, his team uniquely takes a more consultative approach with customers and that has proven successful, and will further enhance the strategic expansion of the Lighthouse Financial offering to the buy-side.”
In addition to Christopher Foxall, David Sauer and Art Ayzerov will be joining the firm both as managing directors and global portfolio traders. Sauer brings extensive Latin American experience which will be a focus of the group going forward. In addition, Louis Mancini will be joining as a managing director and head of portfolio technology.
The eight person team previously worked at JP Morgan Chase.
The launch of the portfolio trading platform is the third trading group the firm has announced this year having previously added a derivatives platform and prime services group.
“The firm has been expanding across the institutional brokerage spectrum and the addition of a global portfolio trading platform complements the firm’s full service capabilities.” said Jeff Morfit, Lighthouse Financial founding partner and chief executive officer. “By reuniting Rob Weinstein and Christopher Foxall’s teams, we will be able to offer a powerful platform and being able to implement trades optimally across sectors and global markets is necessary to meet our institutional client’s needs.”
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