BTIG Adds Michael Carley, Sr., Adam Margulies and Paul Maccrone as Managing Directors Within Fixed Income Credit
New York – December 18, 2018 – BTIG, LLC announced today that Michael Carley, Sr., Adam Margulies and Paul Maccrone have joined the firm’s Fixed Income Credit division as Managing Directors. Mr. Carley is a seasoned industry expert, who has managed high-yield and distressed-debt desks both in the U.S. and Europe. Mr. Margulies has extensive experience trading convertibles, equities and equity-linked securities. Mr. Maccrone is an industry veteran, who specializes in investment grade dealer sales.
In their new roles, they will be based out of the firm’s New York office and will report into Drew Doscher and Darren Haines, Managing Directors and Co-Heads of Fixed Income Credit at BTIG. “Michael, Adam and Paul are welcome additions to our Fixed Income Credit business,” said Anton LeRoy, Chief Operating Officer of BTIG. “As a well-respected industry leader, Michael will strengthen our existing business in the U.S. as well as identify new opportunities around the globe. Adam’s extensive experience will help us to enhance our convertible trading desk, bolstering our efforts in a product that continues to be a growth area at BTIG. Paul’s deep experience with both the platforms and the dealer community will further extend our liquidity reach.”
Mr. Carley has more than 25 years of experience leading both buy-side and sell-side credit efforts, including a role at UBS, where he was the Co-Head of Global Distressed Sales, Trading and Research. He started his career on the distressed desk at Bear Stearns. Mr. Carley also served as a Captain in the United States Army. Prior to BTIG, Mr. Margulies was Co-Head of Fixed Income Trading at GMP Securities. He spent more than 20 years with the firm in a variety of roles across convertibles, equities and equity-linked securities. Mr. Maccrone has spent more than 25 years in the industry. He held similar roles within investment grade dealer sales at Stifel, MarketAxess, ABN AMRO and Cowen.
“Michael, Adam and Paul will be instrumental in helping us outperform on behalf of our clients,” commented Mr. Doscher. “Michael’s international experience and diverse leadership roles make him well qualified to help lead our business into our next stage of growth. We believe that Adam and Paul’s industry knowledge and client-first attitude will also assist us in achieving business development goals and sourcing valuable liquidity for clients.”
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.