2014-04-14 09:01 AM
SAN FRANCISCO--(BUSINESS WIRE)--Apr 13, 2014--BTIG, a global financial services firm specializing in institutional trading and related brokerage services, today announced that it has received a strategic investment from CLSA. BTIG and its global affiliates will continue to operate as fully independent organizations. CLSA, Asia's leading independent brokerage and investment group, is based in Hong Kong and has offices around the globe.
"We are excited by CLSA's investment," said Steve Starker, co-founder of BTIG. "CLSA shares our commitment to providing institutional clients with superior services."
In the last decade, BTIG has grown from 4 individuals in a single office to over 450 professionals worldwide working in nine U.S. offices and four international locations. BTIG's core equity and options trading divisions have doubled in size over the past three years. In the past twelve months, BTIG's global expansion has included the addition of more than 75 professionals across the firm. Significant new initiatives in the last two years include research, corporate finance, futures and commodities trading, and venture services. BTIG has also recently added global portfolio trading services and foreign exchange trading to its platform.
"We are fortunate to have the support of an innovative industry leader like CLSA," said Scott Kovalik, co-founder and CEO of BTIG. "The investment by CLSA will help us pursue continued growth in our core businesses and help us expand into new areas."
Built on the philosophy of providing high-touch and conflict-free services, BTIG looks to provide its institutional clients with exceptional experiences and enhanced results.
Terms of the investment were not disclosed.
BTIG, LLC is a global financial services company offering products and services across Equity Trading, Derivatives, Global Portfolio and ETF Trading, Fixed Income, Futures & Commodities, Foreign Exchange, Convertible/Preferred Securities, Corporate Access, Equity Research, Capital Markets, Prime Brokerage, Electronic Trading and Outsource Trading. With U.S. offices located in New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Atlanta, Red Bank, and Purchase, and overseas affiliates located in London, Hong Kong, Singapore and Sydney, BTIG, and its affiliates, employs more than 450 professionals worldwide.
CLSA is Asia's leading and longest-running independent brokerage and investment group. Headquartered in Hong Kong, CLSA has over 1,500 dedicated professionals located in 21 cities across the Asia-Pacific region, as well as Europe and the USA. Renowned for service excellence, product innovation and award-winning market intelligence, CLSA has been an unconflicted provider of research, sales and trading since 1986. CLSA has built its reputation on its unrivalled equity research and economic analysis, which is consistently ranked the best in Asia.
Additional information is available at www.clsa.com
CONTACT: Media for BTIG
Mary Sullivan, 212-279-3115, ext. 114
Jennifer Mermel, 212-593-7972
KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA CALIFORNIA HONG KONG
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: BTIG, LLC
Copyright Business Wire 2014
PUB: 04/13/2014 07:00 PM/DISC: 04/13/2014 07:00 PM