R.W. Pressprich & Co. Announces New High Yield Sales Manager

Growing Department Coincides with Firm's 20 Year Anniversary

Oct 12, 2010, 10:03 ET from R.W. Pressprich & Co.

NEW YORK, Oct. 12 /PRNewswire/ -- R.W. Pressprich & Co., a leading fixed income and equity broker-dealer headquartered in New York, announced today the appointment of Alex McWilliams as High Yield Sales Manager. Mr. McWilliams has been promoted from within the group, where he has been one of the top performing sales people for the past 6 years.

The High Yield Group at Pressprich currently includes 5 Traders, 25 dedicated Salespeople, and 7 Research Analysts focused across the capital structure including Distressed Bonds, Bank Debt, High Yield, Convertibles and Equities. As Sales Manager, McWilliams will play a hands-on leadership role in enhancing the quality and distribution of the related research products.

"Alex's new role in sales leadership will significantly enhance our capability as R.W. Pressprich continues to grow the High Yield Sales Department," said Scott Johnson, Head of High Yield products. "Our High Yield team has successfully increased both trading volumes and product content, growing stronger each year," continued Johnson, who has led the Pressprich High Yield department since 2003. "We look forward to having Alex play an integral role in our continued growth, and to helping fulfill our commitment to outstanding client service," said Johnson.

About R.W. Pressprich & Co.

R.W. Pressprich & Co. (www.pressprich.com) is an independent fixed income broker dealer based in New York with branch offices in Boston, Chicago, Minneapolis, New Hampshire and California. The firm is celebrating its 20th anniversary in 2010. With approximately 110 employees, R.W. Pressprich trades the full spectrum of credit products and selected equity securities and offers sophisticated research services to institutional investors in the U.S. and Europe.  R.W. Pressprich  is a member of FINRA.

SOURCE R.W. Pressprich & Co.