NEW YORK, July 9, 2013 /PRNewswire/ — Israel A. Englander's Managed Accounts & Prime Services (MA&PS) division today announced the firm has expanded its sales and business development team in response to growing demand for MA&PS, the first and only technology platform offering powerful solutions for emerging hedge fund managers and investors.
MA&PS appointed Bob Chicoine, Harry Freda and Nick Rizzi as managing directors who will be responsible for selling the firm's managed accounts and prime brokerage services to both hedge fund managers and investors. Messrs. Chicoini, Freda and Rizzi, who are former employees of Cantor Fitzgerald & Co. and PCS Dunbar, will be joining the firm's existing sales team.
Commenting on the new appointments to MA&PS, Stephen Tobias, President and CEO of Israel A. Englander & Co, LLC, said, "We are very fortunate to have Bob, Harry and Nick join the MA&PS team at a time of strong industry demand for managed account solutions platforms from both early-stage hedge fund managers and investors. With these appointments, we now have a group of experienced and knowledgeable professionals who will be serving a market that requires our best-of-breed technology solutions that are designed to increase alpha performance and minimize operational and infrastructure costs."
Mr. Rizzi said: "I am excited to be given the opportunity to play a key role in the growth of MA&PS. While there are a number of managed account solutions platforms in the marketplace today, it's my opinion that none is as technologically advanced and offers the level of services as MA&PS which will significantly benefit the alternative investment community."
Added Mr. Freda, "I look forward to leveraging my experience with MA&PS, an organization that truly understands the needs of both hedge fund managers and investors in today's rapidly changing environment. "
About MA&PS
I.A. Englander's Managed Accounts and Prime Services division (MA&PS) is the premier provider of value added multi-prime brokerage services for the small and mid-cap hedge fund community and investors. MA&PS offers a customizable platform with cutting-edge technology for risk management and reporting tools supported by experienced professionals delivering competitively-priced concierge/white-glove services and support. For more information about MA&PS, please visit www.iaenglander.com.
About Israel A. Englander & Co. LLC
Israel A. Englander & Co. is a leading independent derivatives brokerage for institutional clients throughout the US, Canada, Europe, Asia and Latin America. The firm was founded in 1977 as a partnership on the American Stock Exchange (AMEX) and a floor brokerage "boutique." Today, IAE's core options execution business represents a significant share of the daily traded contacts on the AMEX and the Chicago Board Options Exchange (CBOE). The firm was also one of the first independent floor brokers on the all-electronic International Securities Exchange (ISE).
I.A. Englander is a FINRA and SIPC member.
For additional information, contact:
Marc Weinstein
Spotlight Financial Marketing
For I.A. Englander MA&PS
(212) 521-5902
Email