BTIG Strengthens Fixed Income Credit Unit with Seth Bernstein and John Toland – Firm Adds Senior Hires to Sales and Trading Team in New York
New York – June 18, 2020 – BTIG announced today that Seth Bernstein and John Toland have joined the firm’s Fixed Income Credit unit as Managing Directors. Both sales and trading credit specialists will be based out of the firm’s New York office, and report into Darren Haines, Managing Director and Co-Head of Fixed Income Credit, at BTIG.
At BTIG, Mr. Bernstein will be focused on building out the firm’s trading capabilities across all credit products, while Mr. Toland will be tasked with expanding credit sales across high-yield bonds and leveraged loans. “Seth and John are tremendous additions to our credit platform,” said Mr. Haines. “With their deep understanding of the market and strong client relationships, we believe that they will have an immediate impact on the growth of our business.”
Mr. Bernstein has held several senior credit trading roles throughout his career. Prior to BTIG, he was a Senior Vice President within Fixed Income Credit at HSBC. Previously, Mr. Bernstein was a Managing Director within High-Yield Credit at Stern Agee. Earlier in his career, he held similar roles at RBS and Morgan Stanley. Mr. Bernstein earned a BS in finance from the State University of New York at Binghamton.
Mr. Toland has thirty years of credit sales trading experience, where he has primarily focused on high-yield, bonds and leveraged loans. Prior to BTIG, he was a Managing Director within Leveraged Finance Distribution at several firms including Mizuho, Nomura, RBS, Bank of America and UBS. Mr. Toland earned a BA in government from Wesleyan University.
“We are pleased to welcome Seth and John to our credit team,” said Anton LeRoy, President of BTIG. “As proven industry professionals with valuable expertise, we are confident that they will complement our existing credit business, strengthen our product offering and provide important market color to clients.”
BTIG continues to hire seasoned professionals for its credit desks in the U.S. and for its European affiliate BTIG Limited in London. The firm’s global fixed income credit platform focuses on sales, trading, sourcing and strategy for a diverse range of products including bonds, leveraged loans, trade claims, reorg. equity, special situations and high-yield, distressed, convertible and private securities.
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.