BTIG Prime Brokerage Expands Unit Dedicated to Family Offices
New York – July 18, 2019 – BTIG announced today that it is expanding its Prime Brokerage platform with a dedicated effort to service family offices. In a newly-created role, Concetta Mastrangelo, Senior Vice President, BTIG Prime Brokerage, will lead the enhanced family offices effort.
Family offices have become a fast-growing segment within the alternative investment industry. Many of these families are self-directing their investments in both the public and private markets and partnering with reliable counterparties including Prime Brokers to improve operational efficiencies within their businesses. By building out a specialized team, BTIG is strengthening the resources available to this important segment of the market.
BTIG’s prime business is led by Justin Press and Brian Petitt, Managing Directors and Co-Heads of BTIG Prime Brokerage. Its platform currently supports the needs of more than 330 hedge funds, many of which are family offices.
“Increasingly, family offices are looking to BTIG for our full-service offering. As an institutional prime broker, we provide advanced portfolio reporting, high-touch service, day-to-day trading services and operational support,” noted Mr. Petitt. “As a trusted partner, BTIG continues to carve out a unique position in the market as we help family offices of all sizes meet their goals.”
BTIG’s Prime Brokerage division is staffed by professionals in New York, San Francisco, Dallas and Boston. It specializes in leveraging firm relationships to introduce clients to the right people, technology and other key services that add value to their businesses. Clients benefit from BTIG’s extensive operations, systems and trading experience of its seasoned team of professionals. Additionally, BTIG Prime Brokerage offers clients access to Outsource Trading, Capital Introduction, sophisticated portfolio reporting along with custody and clearing through fully-disclosed introducing broker relationships with Goldman Sachs & Co. LLC and Pershing LLC, a BNY Mellon company.
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.