BTIG Expands SPAC Capital Markets Coverage with Edward Kovary Jr.
New York – November 13, 2023 – BTIG announced today that Edward Kovary Jr. has joined the firm as a Managing Director and Head of SPAC Capital Markets. Mr. Kovary will help lead the firm’s SPAC advisory services and work closely with corporate and institutional clients to navigate the evolving SPAC landscape.
“We are thrilled to welcome Ed to the team. His deep understanding of SPAC investments and capital raising will help to intelligently structure transactions and optimize opportunities for expansion,” said Anton LeRoy, Chief Executive Officer of BTIG. “We are confident that Ed will play a pivotal role in the firm’s continued growth and leadership in this dynamic sector.”
Mr. Kovary brings 28 years of Wall Street experience to the firm. Prior to BTIG, Mr. Kovary spent over 18 years as Co-Head of Capital Markets at EarlyBird Capital, where he was instrumental in building the platform into a boutique bank. Mr. Kovary specialized in SPAC underwritings, originating and executing equity transactions across various sectors and geographies. He has brought 140 SPAC issuers to market and completed over 85 de-SPAC mergers. Previously, he was a Managing Director and Co-Head of Nasdaq Trading at ING Barings. Mr. Kovary began his career as a Financial Analyst at Goldman Sachs.
Mr. Kovary will work closely with BTIG’s Co-Heads of SPAC Investment Banking, Andrew Maller and Paul Wood. Together, they will utilize the many verticals of research and sector banking to support corporate clients with the market intelligence necessary to raise capital and successfully execute bringing a business to the public markets through a SPAC.
“The SPAC program celebrated its 20th anniversary this year, having established itself as a viable alternative to a traditional IPO. It is with tremendous excitement that I join BTIG, a firm with broad resources to provide solutions for our clients including research, sector bankers, and significant equity distribution capabilities,” said Mr. Kovary.
BTIG’s investment banking products include mergers and acquisitions, capital markets advisory, IPOs, follow-on offerings, ATMs, 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 700 employees, BTIG, LLC and its affiliates operate out of 20 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. The firm’s core capabilities include global execution, portfolio, electronic and outsource trading, investment banking, prime brokerage, capital introduction, corporate access, research and strategy, commission management and more.