BTIG Expands Global Fixed Income Group – Hires Four Industry Veterans, Adding Expertise Across the Credit Spectrum

New York – June 3, 2009 – BTIG LLC, an institutional broker dealer specializing in trading and related brokerage services, today announced the further expansion of its Global Fixed Income Group with four new hires.

George Chalhoub has joined BTIG from Deutsche Bank where he ran the high yield proprietary portfolio on the high yield desk. He will have a dual role as a high yield salesman and desk Analyst based in New York. Chalhoub spent 15 years in high yield research at Deutsche Bank, Merrill Lynch and Citigroup covering various industries, with his most recent focus being on the consumer products sector.

Mychal Harrison and Todd Sycoff have been hired as high yield traders in New York. Harrison joins BTIG from Barclays where he last traded high yield cash and credit default swaps. He began his career at Goldman Sachs in high yield syndicate before transitioning into high yield trading. Sycoff comes to BTIG from Bear Stearns where he was last on the buy side as the high yield portfolio manager in the asset management division. Prior to that, Sycoff spent 16 years on the trading desks of Bear Stearns and Merrill Lynch as the head high yield trader.

Chris LeVine comes to BTIG from UBS where he was an executive director in the Fixed Income Sales Group focusing on investment grade and high yield credit. He will be in fixed income sales in BTIG’s New York office. Prior to UBS, LeVine worked at MarketAxess, Trading Edge and started his career at Morgan Stanley after graduating Cornell University.

“We have been focused on expanding the firm’s capabilities in fixed income over the past few months and are excited to have George, Mychal, Todd and Chris join the group,” Jon Bass, Co-Head of Global Fixed Income, said. “Their combined experience will greatly enhance the efforts of our new division.”

“We have been able to attract top talent with deep institutional relationships and respected reputations on the Street that will help us better serve our clients in the fixed income area,” John Purcell, Co-Head of Global Fixed Income, said. “During the coming weeks, we expect to announce additional hires in fixed income as part of our overall plan to grow the group to 60 people globally this year.”

The Global Fixed Income Group was launched in February of this year by Bass, formerly of UBS, and Purcell, formerly of Citigroup, who together bring 50 years of fixed income experience to the BTIG team. The group focuses on sales and trading of credit products, which will cover the full credit spectrum from investment grade to distressed debt.

About BTIG
BTIG LLC is a premier institutional brokerage and fund services company. Founded in 2002 BTIG and its affiliates have grown steadily from 5 employees to over 300. BTIG serves over 1,200 institutional customers and offers services from five divisions: Institutional Trading, Fixed Income Trading, Prime Brokerage, Outsource Trading and Direct Market Access. BTIG has offices in New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank, Aspen and Orinda. The firm also has affiliates in London, Hong Kong, and Sydney.

BTIG LLC is a member of FINRA and SIPC

BTIG Australia Limited is a member of ASIC and ASE

BTIG Hong Kong Limited is an SFC approved broker dealer

BTIG Ltd is a member of the LSE and is authorized and regulated by the FSA

Caroline Harris at 212.279.3115, ext 222, [email protected]
Kelsea Michael at 212.279.3115, ext. 231, [email protected]
Peter Tarrant at 212.593.7560, [email protected]