WASHINGTON, April 25, 2012 /PRNewswire/ -- Compass Point Research & Trading, LLC ("Compass Point") today announced that it has hired Sloan Deerin as a senior member of its Investment Banking team.
Mr. Deerin will be focused on originating and executing the firms' investment banking opportunities with depository institutions. With 20 years of financial industry experience in both the private and public sectors, Mr. Deerin joins the firm from the United States Department of the Treasury where he was the Director of Asset Management in the Office of Financial Stability. While at the Department of the Treasury, Mr. Deerin was responsible for the management of the Troubled Asset Relief Programs (TARP) related investments, including the Capital Purchase Program, the Targeted Investment Program and the Asset Guarantee Program.
"The addition of Sloan will allow Compass Point to take advantage of increased activity in the bank and thrift sector," said Burke Hayes, Jr., Head of Investment Banking at Compass Point. "His background at Treasury provides us with unique relationships, insight and experience as many banks explore opportunities to raise additional capital and grow through M&A activity."
Compass Point Research & Trading, LLC is a full service broker-dealer and investment banking firm servicing institutional and high net worth clients. Compass Point is headquartered in Washington, D.C. Compass Point is not affiliated with any other companies mentioned herein. For further information about Compass Point, please visit www.compasspointllc.com.
SOURCE Compass Point Research & Trading, LLC