METROPARK, N.J., July 22, 2014 /PRNewswire/ -- Cross Point Capital announces today that Lenny Norkin has recently joined the firm. Lenny graduated from Baruch College in 2009, with a degree in Finance and Investments. Upon graduation he started working as a junior broker on the Mortgage-Backed Securities desk at Tradition Asiel Securities. After three years, Lenny left in November 2013 to join Cross Point Capital, where he was given the title of Director. He is hired to spearhead the firm's effort to grow the MBS inter-dealer brokerage business. The desk will focus on conducting transactions in both the agency and non-agency mortgage space; the focus for agency backed bonds will be specified pools and CMOs, and the focus for non-agency will be prime/alt-a and subprime bonds. The accounts covered by the Cross Point MBS desk will range from primaries to smaller regional banks and boutique broker/dealer shops.
Cross Point Capital LLC (CPC) is a FINRA and SEC registered Broker-Dealer established in 2005 currently operates offices in New Jersey, Texas, North Carolina, and Connecticut. CPC is a registered, owned and operated Minority Business Enterprise (MBE), in both the States of New Jersey and New York. CPC is actively engaged with institutional clients in multiple business strategies along three business lines:
Traditional client brokerage: CPC's professionals execute single bond and large portfolio transactions covering the full spectrum of underlying credit assets and Fixed Income Securities, including: CMBS, Agency MBS, ABS, student loans, CLO and other Structured Products. In 2013, CPC transacted on $5 billion of securities with clients.
Investment banking services: CPC's investment banking group has significant experience originating and executing a variety of structured transactions including: underwriting and placement of municipal securities, administrating auction rate securities transactions, and consulting in municipal project finance focused on renewable energy and healthcare facilities, and 3rd party fundraising for various Debt and Bond funds.
Interdealer Brokering: CPC's interdealer broker group is staffed with experienced brokers having long standing relationships with all major fixed income trading desks. Products we currently focus on are agency and non-agency mortgage bonds, corporate bonds, emerging markets, and structured products.
If you have interest in employment opportunities at Cross Point Capital, we welcome you to send a resume to [email protected]
SOURCE Cross Point Capital
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