| Hapoalim Securities USA Expands Emerging Markets Platform, Adds Office |
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| 5/18/2012 |
Hapoalim Securities USA, Inc. (HSU), the broker-dealer subsidiary of Bank Hapoalim B.M., Israel’s largest bank, today announced the opening of a new office on Brickell Avenue in Miami and the addition of several new salesmen and traders to its existing Emerging Markets business. These additions to the platform are designed to complement the group’s current success, particularly in niche sectors where the business already has a strong foothold.
Alberto Roque will direct the efforts of the firm’s newly created Miami office, which will specialize in the distribution of a broad range of fixed income securities to a mostly Latin American client pool. Mr. Roque brings over 21 years of securities and management experience to his new role at HSU. He was formerly the Head of the Miami Emerging Markets unit with MF Global. Prior to that, he held notable positions with Credit Suisse and Royal Bank of Canada, both in Miami. He began his career at Prudential Securities and remained there through the merger with Wachovia in 2003.
Joining Mr. Roque in Miami are Renzo Massa, Andres Cruz, and Alberto Tarafa. Each of them will manage particular geographical distribution assignments in Latin America designed to deliver the platform’s investment strategies and liquidity to unique investor sectors. In addition, Mr. Massa will coordinate the sovereign product delivery for several Andean countries. Mr. Massa arrives with 20 years of experience in financial services, beginning his career at Cargill and most recently coming from the former Macquarie emerging markets group.
In addition to the new hires in Miami, Damian Lattuada and Matthew Stapen, CFA, have joined the established HSU Emerging Markets team in New York. Mr. Lattuada assumes a trading role specializing in sovereign Latin America and will report directly to Ray Potter, Managing Director and Head of HSU’s International Fixed Income effort. He arrives with extensive experience in the sector, having spent more than 20 years with firms including BankBoston/Fleet in Buenos Aires, ING and most recently RBS. Mr. Stapen joins the sales team and will report to John Birdsall, Senior Vice President and Head of EM Institutional Sales in New York. Mr. Stapen also has over 20 years of experience starting on the buy side with Federated Investors and afterward moving to sell side positions with HSBC and RBS. He most recently ran the EM sales effort at Cantor Fitzgerald. Both will have an immediate impact on broadening the reach of the existing group.
According to Ray Potter, “[t]hese select hires communicate HSU’s strategy of delivering very experienced individuals to assist our expanding customer base with trading and investment decisions in a continuously turbulent environment. Our natural footprint in the developing world creates a strong foundation from which our fixed income-focused team can flourish. The specialization approach is one in which I’m very excited to adapt to our already successful effort. These additions will bring a lot of useful insight to clients throughout the current volatility and well after.”
Dennis Loudon, Chief Executive Officer of HSU, added, “HSU’s Emerging Markets/International team continues to build on a solid foundation, adding key individuals on the sales and trading side and establishing tremendous distribution channels to enhance our presence in the Emerging Markets/International Fixed Income markets. These additions demonstrate the continuing growth and strength of HSU’s Fixed Income platform and HSU’s dedication to providing its customers with outstanding service in all of its product areas.”
About Hapoalim Securities USA, Inc.
Hapoalim Securities USA, Inc. (“Hapoalim Securities”) is a NYSE broker/dealer specializing in value added investment strategy services and products for institutional and high net worth private investors. Our team of experienced and talented professionals is committed to surpassing our clients’ expectations and needs. The firm is a subsidiary of Bank Hapoalim B.M., Israel’s largest bank, whose assets exceed $90 billion. A “super boutique” firm, Hapoalim Securities combines a full product offering with international capability. We maintain unwavering focus on unique investment advice and client service. |
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