West Palm Beach (HedgeCo.net) - NorthPoint Trading Partners, LLC has opened a new office in Chicago, IL., with 12 year industry veteran, Michael Ferro, as head. Ferro has held positions at Genworth Financial, Knight Capital Markets, and X-Change Financial Access. He is experienced in both the trading and operations aspects of the buy and sell side, the company said.

“As we continue to expand our presence nationwide, we are very fortunate to have someone with Michael’s talent and experience join our team,” says Douglas Nelson, Chief Executive Officer of NorthPoint Trading Partners, LLC. Atlanta based NorthPoint opened also opened an office in Connecticut earlier in the year.

NorthPoint is an institutional brokerage and fund services company working with small and medium sized hedge funds.

West Palm Beach (HedgeCo.net) - Institutional brokerage and hedge fund services company BTIG LLC, announced the expansion of its international capabilities with the addition of a three-person U.S. based live hours (8pm-2am EST) Japan team.

The U.S. based Japan team will initially consist of William Chandruang, Jeff Gallo, and David Schneider, all hired at the managing director level. Schneider will be based in Greenwich, and Gallo and Chandruang will be in Los Angeles. All three have covered the Japanese markets for the majority of their careers, and have worked in Japan, which gives them an edge in understanding the nuances of Japan’s equity market.

“William, Jeff and David bring a wealth of experience, long standing and deep rooted institutional relationships, and an in-depth knowledge of the Asian equity markets,” Steven Starker, Co-Founder of BTIG, said. “Providing our clients with seamless execution across the globe and around the clock has become increasingly important in today’s rapidly changing environment.”

Chandruang spent the last 15 years working in Japan most recently at UBS where he was a managing director and both co-head of client trading & execution. Gallo joined BTIG after living and working in Tokyo for a total of 15 years. He most recently worked at Nikko Citigroup. Schneider was previously with Merrill Lynch in Japan where he was in charge of the entire execution services platform.

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

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