David Merkel to Join Finacorp Securities as Its Chief Economist and Director of Research

Feb 08, 2008, 00:00 ET from Finacorp Securities

    IRVINE, Calif., Feb. 8 /PRNewswire/ -- In an ongoing campaign to
 provide targeted, value add services to its institutional client base,
 Finacorp Securities has hired David Merkel, formerly a Portfolio Manager
 for Dwight Asset Management, and an Equity Analyst for Hovde Capital
 Advisers. David is both a Chartered Financial Analyst, and a Fellow in the
 Society of Actuaries.
     Finacorp Securities today announced that David Merkel has joined as its
 Chief Economist and Director of Research. David has been a long time
 leading contributor to RealMoney.com, after being invited by Jim Cramer to
 write there. In addition to this he has acted as a Portfolio Manager to
 equity, corporate bond and structured product funds. He is also author and
 owner of the popular finance weblog Alephblog.com. David's focus has been
 equity and bond portfolio management, macroeconomics, derivatives,
 quantitative strategies, insurance issues and corporate governance. As
 Chief Economist and Director of Research at Finacorp Securities, David's
 chief responsibility will be to develop economic analysis with equity and
 fixed income strategies and provide advice to the firm's sales & trading
 staff and its client base.
     "With the current credit crisis and ensuing market volatility we think
 it is imperative to offer additional support and insight to our client
 base. David is a proven professional that has analyzed, and created
 opportunities in many markets and will help do the same for our client base
 in this market and those in the future. David's ability to analyze many of
 the complex and impaired assets in today's marketplace including CDOs,
 SIVs, and Insurance Guarantors will create an immediate value add to our
 institutional clients. This is very much in line with our philosophy of
 bringing together the finest personnel in a collaborative environment,"
 said Ed Prado, President and CEO of Finacorp Securities.
     This hiring comes after tremendous expansion by the company of
 personnel and infrastructure as it established a presence in: Seattle,
 Portland and Chicago.
     About Finacorp Securities
     Finacorp Securities is a full service broker/dealer focusing on
 servicing its institutional clients within the U.S. and select
 international markets. The firm operates as a certified Minority-Owned
 Hispanic Broker/Dealer headquartered in California. Through a combination
 of its own proprietary systems and third-party partnerships, it provides
 seamless execution, settlement and custody to institutional fixed income
 and equity market participants. Finacorp has been built on a tradition of
 highly personalized brokerage services delivered by professionals
 harnessing the power of technology and strategic partnership to deliver
 value-driven securities execution, detailed portfolio analytics, and
 seamless settlement. Finacorp's high-touch, high-tech business model
 represents a comprehensive set of fixed income and equity solutions for
 today's value driven, risk adverse investment professional.

SOURCE Finacorp Securities