NEW YORK, Oct. 3, 2013 /PRNewswire/ -- ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that Oliver Bailly has joined the firm as a senior vice president and head of its ETF desk and Miguel Ruiz has joined the firm as a senior vice president on its Global Portfolio desk. Based in New York, Messrs. Bailly and Ruiz will report to James Bossert and Sean Wagner, co-heads of ConvergEx's Global Portfolio and ETF Execution business.
"Oliver and Miguel are highly respected professionals and bring a wealth of ETF and portfolio expertise to ConvergEx Group," said Craig Lax, ConvergEx Group executive managing director and head of global execution. "We are thrilled to add them to our team, where their knowledge and experience will greatly benefit our clients."
Mr. Bailly comes to ConvergEx from Citigroup, where he was a director and head of the firm's ETF Create/Redeem trading desk. He also covered institutional clients on Citi's Program desk. Prior to that, Mr. Bailly spent eight years at Bank of America Merrill Lynch with primary responsibility for ETF creation/redemption as part of the Non-Dollar Portfolio Sales group. He also had responsibility for international portfolio sales.
Mr. Ruiz was previously with XP Securities LLC, whose parent company, XP Investimentos, is the largest independent broker in Brazil. Prior to that, Mr. Ruiz worked for Merrill Lynch, both in New York and Mexico City. After returning to New York, he was a vice president in Non-Dollar Equities. Mr. Ruiz was also a director in the Non-Dollar Portfolio group of Bank of America Merrill Lynch, where he spent ten years in the Latin America ADR Portfolio Trading/Sales Trading group.
ConvergEx seeks to help minimize execution costs and provide a wide range of information to meet clients' goals for passively managed, enhanced indexed or structured multi-asset class portfolios. The firm's comprehensive ETF capabilities include an impressive suite of proprietary execution tools, analytics and a dynamic ETF price estimation engine to source liquidity and minimize market impact, particularly for illiquid ETFs.
About ConvergEx Group
ConvergEx Group is a leading provider of global brokerage and trading-related services for institutional investors and financial intermediaries. ConvergEx combines client-first service with innovative products, sophisticated strategies and proprietary technology to meet the challenges of increasingly dynamic and fast-paced markets. Headquartered in New York with 15 key locations, the company serves more than 3,000 clients accessing over 100 global market centers.
ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); ConvergEx Solutions LLC, of which ConnEx, Jaywalk and LDB are divisions; and ConvergEx Limited in the UK and Australia. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.
Contact: Elizabeth Anderson
SOURCE ConvergEx Group