FAIRFIELD, Conn., July 25, 2016 /PRNewswire/ -- HJ Sims is pleased to announce that Lance Badorf has joined the Company as Vice President of Fixed Income Trading. He brings 15 years of industry experience with him. Lance specializes in taxable and bank qualified municipal bond trading. He has experience with retail and institutional sales covering middle market banks, insurance companies, investment advisors and municipalities. Lance is nimble in his approach and thinking, which enables him to consider and evaluate new trading ideas from which his clients benefit. Lance was most recently with Oppenheimer as Director of Trading, where he was trading taxable municipals for institutional middle market and retail accounts. Prior to that, Lance held positions at Southwest Securities and TD Securities.
"Specializing in taxable trading and bank qualified securities, Lance has experience with retail and institutional sales, covering middle market banks, insurance companies, investment advisors and municipalities. His expertise will enrich HJ Sims' ability to service our retirement account business and further access the institutional area. Lance's knowledge will strengthen our banking capability through the creation of new taxable municipal bond issues, as well as the ability to pursue municipal cash management business," says Arthur J. Wunder, Executive Vice President and Managing Director, HJ Sims.
"We welcome Lance to our team for the long haul, and appreciate his significant impact and results for our income advisors and clients," says Dan Mullane, Managing Principal, HJ Sims.
Lance has always been fascinated by the monetary system and how value is assigned to tangible and intangible items. He has a BSBA in Finance from Drexel University and holds his Series 7 and 66 licenses. Lance says, "Trading bonds requires a dynamic focus, which means you have to be on top of everything, all of the time, in order to be successful. This keeps my job interesting and keeps me, as a trader, always searching for the next great idea. This is why I love coming into work every morning. I look forward to working with the fixed income experts at HJ Sims."
ABOUT HJ SIMS: Founded in 1935 on Wall Street, HJ Sims is celebrating more than 80 years of service as a privately held investment bank and broker-dealer with approximately $1.8 billion of assets under management. HJ Sims is known as one of the country's oldest underwriters of tax-exempt and taxable bonds, having raised approximately $21 billion for projects throughout the US. The firm is headquartered in Fairfield, Connecticut, with investment banking, private client wealth management and trading offices in Maryland, Florida, Minnesota, New Jersey, Pennsylvania, Texas and Puerto Rico. Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, is custodian of all client assets. For more information, please visit: www.hjsims.com/ourstory. Investments involve risk, including the possible fluctuation of principal. Member FINRA/SIPC®. Follow HJ Sims on Facebook, Twitter and LinkedIn.