NEW YORK--(BUSINESS WIRE)--Macquarie Securities, the institutional equities arm of Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced the addition of four senior hires to its sales and trading team in New York. Macquarie also announced the relocation of Anthony Panaretto, Global Head of Institutional Sales from Sydney, and Damian Hoult, Global Head of Execution Services from Hong Kong.
Sales
- Michael D’Arcangelo joins as a Managing Director, Equity Sales. Mr D’Arcangelo brings more than 25 years experience in institutional equities. Previously, he was a Managing Director of Institutional Equity Sales dedicated to hedge funds at Barclays Capital. Prior to this, Mr D’Arcangelo was at Lehman where he chaired the Investment Policy Committee and led the Global Project Management team, and spent six years at Merrill Lynch where he focused on small/mid cap specialty sales.
- Robert V. Moderelli will join as a Managing Director, Equity Sales. He was most recently at Knight Capital, where he was a Managing Director, Institutional Sales. Mr Moderelli began his career at Cowen & Co in 1993, moving to Bear Stearns in 1997 where he ultimately became Head of Northeastern Institutional Equity Sales. He has more than 18 years experience in equities, predominantly focused on coverage of New York, mid-Atlantic hedge funds and Global Multi Strategy funds.
Sales Trading
- Allen Jordan joins as a Senior Sales Trader. He was most recently at Rochdale Securities and has a long-standing network of senior level relationships throughout the industry. With 15 years experience in equity sales trading, he will be primarily focused on Global Multi Strategy funds.
- Brad Hoenig joins as a Senior Sales Trader. He was most recently at RBC, where he was responsible for hedge fund sales trading and began his career at Lehman Brothers in 1997. At Macquarie, he will continue to focus on New York, Connecticut and San Francisco-based hedge funds.
“These hires – together with the recent relocations of Anthony and Damian – reflect the growth of Macquarie’s securities platform and underscore Macquarie’s commitment to the US region,” said Ken Savio, Senior Managing Director and US Head of Macquarie Securities.
“This added capability across our sales and trading efforts further deepens our collective experience and network of relationships, and demonstrates our ongoing commitment to excellence and growing footprint in the US.”
Macquarie Securities has over 425 sales professionals covering 2,000 clients in 26 financial centers globally. Macquarie has more than 350 equity research professionals covering approximately 2,400 stocks and is ranked #9 globally for number of companies under coverage.
About Macquarie
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 15,500 people. Assets under management total approximately $321 billion at March 31, 2011. For more information, visit www.macquarie.com.
About Macquarie Securities
Cash Division – operates as a full-service institutional cash equities broker in the Asia-Pacific region, South Africa and Canada and a specialized institutional cash equities broker in the US and the rest of the world. It provides equity capital markets products and services in the U.S. as Macquarie Capital (USA) Inc., member FINRA and SIPC.
Derivatives DeltaOne Trading Division – combines the group’s institutional and retail derivatives, structured equity finance, arbitrage trading, synthetic product businesses and global securities finance. Global securities finance includes capital management, collateral management and securities borrowing and lending.
© 2011 Macquarie Capital (USA) Inc. is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia), and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Capital (USA) Inc.