BTIG Adds Joe Passaro as Head of Capital Markets
New York – August 14, 2019 – BTIG announced today that it has hired Joe Passaro as a Managing Director and Head of Capital Markets. Mr. Passaro will bring over a decade of key experience to BTIG’s growing capital markets businesses. He will be based out of the firm’s New York office and report into Matt Clark, who leads BTIG Investment Banking.
“We are pleased to welcome Joe to BTIG’s leadership team,” said Scott Kovalik, Co-Founder and Chief Executive Officer of BTIG. “His extensive knowledge of the financial sponsor universe, deep relationships with institutional investors and ability to assist clients executing complex trades and transactions will be extremely valuable as we continue to expand our capital markets capabilities.”
With ten-plus years of transactional and trading experience, Mr. Passaro will work to provide differentiated advice on equity, equity-linked and equity derived products. He will be instrumental in originating transactions, structuring offerings, and improving valuations for corporations while growing BTIG’s coverage of financial sponsor, private equity and venture capital clients. Prior to BTIG, Mr. Passaro spent twelve years at Deutsche Bank Securities in a variety of senior roles across the Equity Capital Markets and Global Equity Trading units, serving most recently as Co-Head of Equity Capital Markets Syndicate, Americas.
“Joe is a strong addition to our Investment Banking and Capital Markets unit,” noted Steven Starker, Co-Founder of BTIG. “We believe that he will propel growth across this important business. As we continue to build out a market-leading platform, he will play a key role in helping to drive solid financial outcomes for clients.”
BTIG’s Investment Banking products include mergers and acquisitions, capital markets advisory, IPOs, follow-on offerings, ATMs, CMPOs, RDs and PIPEs, SPACs, private placements, convertibles, debt, buybacks, liquidity solutions, venture capital, private equity and private capital. Clients benefit from proprietary and actionable market intelligence, and BTIG’s comprehensive understanding of financial dynamics. Aftermarket services include trading coverage and corporate access, connecting issuers with the buy side.
BTIG is a global financial services firm specializing in institutional trading, investment banking, research and related brokerage services. With an extensive global footprint and more than 600 employees, BTIG, LLC and its affiliates operate out of 18 cities throughout the U.S., and in Europe, Asia and Australia. BTIG offers execution, expertise and insights for equities, equity derivatives, ETFs and fixed income, currency and commodities (futures, commodities, foreign exchange, interest rates, credit, and convertible and preferred securities). The firm’s core capabilities include global execution, portfolio, electronic and outsource trading, transition management, investment banking, prime brokerage, capital introduction, corporate access, research and strategy, commission management and more.