NEW YORK, Jan. 8 /PRNewswire/ -- Lighthouse Financial, a full-service broker dealer, today announced that it is forming an Investment Partnership with Angad Paul, CEO of Caparo plc, a global association of businesses with over a 1bn Euro turnover. The initiative helps strengthen the Lighthouse Financial franchise and will allow for the firm's continued expansion overseas.
"With Angad based in London, it makes it easier for us to execute on our vision of being operational in the UK in 2010," said Christopher Foxall, Partner and Head of the Global Portfolio Trading Division at Lighthouse Financial.
The arrangement is strategic for Lighthouse Financial as the firm will benefit from the global presence and strong brand of the Caparo Group. "This deal does more than just strengthen our firm financially. We are extremely excited about working closely with Angad in the areas of Investment Banking, Wealth Management and Asset Management," said Robert Bradley, COO and founding Partner of Lighthouse Financial.
Lighthouse Financial also announces the launch of QuantalLighthouse solutions which provides consulting services, risk management and performance attribution software to Prime Services clients.
Both initiatives will enable Lighthouse Financial to build upon the firm's rapid expansion in 2009. Over the past year, Lighthouse Financial has made significant growth launching Derivatives and Portfolio Trading platforms as well as adding new value-add products such as PFCEnergyLighthouse.
"I am very pleased to be able to work alongside a company such as Lighthouse Financial. They have managed to create considerable opportunity from the events that dislocated Wall Street and I look forward to their presence and continued success in London," said Angad Paul.
About Lighthouse Financial
Founded in 1999, Lighthouse Financial is a New York-based full-service broker dealer focused on providing institutional sales and trading, global portfolio trading, prime services, capital markets and investment banking. Lighthouse Financial is an operating subsidiary of Lighthouse Global Partners, LLC. Lighthouse Financial is a registered member of FINRA, MSRB, ISE, NFA, SIPC and NASDAQ OMX PHLX. For more information about Lighthouse please visit www.lhfg.net.
SOURCE Lighthouse Financial