B. Riley Hires Former Sanford Bernstein Head Of U.S. Sales Trading As Part Of Planned New York Expansion
LOS ANGELES and NEW YORK, Oct. 15, 2013 /PRNewswire/ -- B. Riley & Co. LLC (B.Riley), a leading independent investment bank, announced that industry veteran Tom Shapero has joined as Managing Director of Sales Trading in New York. The recruitment is part of B. Riley's growth strategy, which includes continued expansion of its New York office.
Mr. Shapero was formerly with Sanford C. Bernstein & Co., LLC in New York where he was Senior Vice President Head of U.S. Sales Trading from 2005-2013. Earlier at Bernstein, he launched the firm's NASDAQ dealer desk and acted as its Head of NASDAQ Sales and Trading from 2002 through 2005.
Prior to Bernstein, Mr. Shapero was at D.E. Shaw & Co., where he started and headed the Institutional Block Trading Desk. He also was a member of the Program Trading Desk at Spear Leeds and Kellogg.
"Tom has an impressive track record and is well respected within the institutional investor community." said Bryant Riley, Chairman. "He is an important addition to B. Riley, particularly as we focus on growing New York."
"I was drawn to B. Riley because of the high quality of its Equity Research and caliber of its Sales and Trading professionals," said Mr. Shapero. "The firm is growing while others in the industry are contracting, and that's special."
Los Angeles-based B. Riley has been expanding opportunistically over the last few years, with growth more recently focused on New York following the 2012 acquisition of a broker dealer with a strong New York presence, and the hiring of Herve Francois, Managing Director of New York Institutional Equity Sales, to head the office. Mr. Francois was Executive Director, Head of U.S. Sales at Mizuho Securities USA prior to joining B. Riley.
"With Tom now on board to focus on Sales Trading, we continue to recruit for professionals in New York who share our view of opportunities in the markets and who want to work in a growing company," said Mr. Riley.
About B. RILEY & CO.
B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and otcqx dad services to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders. The firm is recognized for its distinguished Equity Research. Founded in 1997, B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, Del Mar, San Francisco, Boston and New York. It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com
SOURCE B. Riley & Co., LLC
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