BTIG Expands Preferred Product Capabilities – Hires Specialist Allen Hassan as Managing Director

New York – April 4, 2011 – BTIG LLC, a global financial services firm specializing in institutional trading and related brokerage services, today announced it has hired industry veteran Allen Hassan as Managing Director on the Preferred Products Desk.

“We have seen increased flows in the preferred market across our diverse client base as investors continue to seek higher yields,” said Robert Langer, Head of the High Yield and Distressed Desk. “Allen brings a unique level of experience in the preferred markets and will be instrumental in BTIG’s growth in this area.”

Hassan joins BTIG from Jefferies & Co., where he started the Preferred Desk in 2003. Prior to that he was with Prudential Securities, where he was instrumental in its preferred business and distribution capabilities. Earlier in his career, Hassan worked in the Fixed Income and Equity Sales at Lehman Brothers. Hassan received a Bachelor of Science from Touro College, where he specialized in Finance.

The addition of Hassan is part of BTIG’s strategy to grow its platform based on client demand and needs, and in areas where it can add superior value and service to its clients.

BTIG’s Preferred Product capabilities complement the firm’s existing equities, fixed income and prime brokerage offerings. The Preferred Products desk is part of BTIG’s Fixed Income Group, which provides expertise and seamless execution across the capital structure for a broad range of institutional investors.

About BTIG

BTIG LLC is a premier institutional brokerage and fund services company. BTIG continues to build its global franchise around a broad and experienced group of professionals who are leaders and experts in their respective fields. Founded in 2002, BTIG, including through its affiliates, employs more than 400 professionals in five different countries. BTIG serves customers from all over the world and offers services in 11 areas: Equity Trading, Fixed Income, Futures Trading, Convertible Securities, Equity Derivatives, Prime Brokerage, Outsource Trading, Direct Market Access, Capital Markets, Equity Research and Corporate Access. BTIG has ten US offices: New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank, Norwalk and Orinda, and four international affiliates: London, Hong Kong, Singapore and Sydney.

BTIG LLC is a member of FINRA and SIPC

BTIG Australia Limited ACN 128 554 601 is a member of ASIC and ASX

BTIG Hong Kong Limited, Exchange Participant of SEHK, licensed and regulated by the SFC

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

BTIG Singapore Pte. Ltd is registered and licensed with MAS

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]