BTIG Expands Software Equity Research Division with Gray Powell, CFA, Security Software Analyst, and Matthew VanVliet, CFA, Application Software Analyst

New York – January 14, 2020 BTIG announced today that Gray Powell, CFA, and Matthew VanVliet, CFA, have joined the firm’s Research and Strategy division to launch coverage across the security and application software sectors. Mr. Powell and Mr. VanVliet will both report to David Lenchus, Director of Research at BTIG.

Mr. Powell joins BTIG as a Director in New York, focused on the security software sector.  He has 20 years of experience as a sell-side research analyst and has covered multiple verticals within technology and telecom services. Prior to BTIG, Mr. Powell was a Director and Senior Analyst on Deutsche Bank’s Top Five Institutional Investor-ranked software team responsible for leading the research effort on small and mid-cap security and infrastructure software stocks. Previously, he spent seventeen years at Wells Fargo in a similar role, where he focused on security and infrastructure software as well as data centers, wireless towers and telecom services. He earned a BS in mathematical economics from Wake Forest University.

Mr. VanVliet joins BTIG as a Vice President in Chicago, focused on the application software sector. Prior to BTIG, he was an Associate Vice President within Equity Research at Stifel, where he covered the application and communications software sectors. Mr. VanVliet earned a BS in finance and a BS in business administration from the University of Illinois at Urbana-Champaign, graduating with honors.

“Gray and Matt will significantly expand BTIG’s coverage of technology, media and telecommunications,” commented Mr. Lenchus. “As seasoned equity research analysts, they are well versed in identifying disruptive software trends. Their ability to analyze companies within the public markets and emerging private technology space should strengthen clients’ understanding of individual company performance and industry themes to evaluate when making investment decisions.”

BTIG Research and Strategy provides comprehensive reports, industry observations and other insights for clients. The team’s sector focus includes consumer, energy, financials, healthcare, real estate, shipping, and technology, media and telecommunications.  Visit to learn more.


About BTIG

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.

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