Susquehanna Financial Group Hires Herman Leung as Senior U.S. Internet Analyst

NEW YORK, May 16, 2011 /PRNewswire/ -- Susquehanna Financial Group, LLLP (SFG), the institutional broker-dealer member of the Susquehanna International Group of Companies (SIG), announced today that Herman Leung has joined the firm as the Senior Analyst covering the U.S. Internet sector. Mr. Leung, whose coverage will include names such as Google, Amazon, eBay, Yahoo!, Priceline and Expedia, will be based out of SFG's San Francisco office.

"Herman is a welcome addition to SFG's growing Technology/Media/Telecommunications research team – now eight senior analysts strong and consisting of Vasily Karasyov (Media, Cable & Entertainment), C. Ming Zhao (Chinese Internet and New Media), James 'Derrick' Wood, CFA (Enterprise Software), Jeff Fidacaro (Consumer Technology and Hardware), Jamie Friedman (IT Services/Outsourcing), Mehdi Hosseini (Semiconductor Capital Equipment and CleanTech), and Chris Caso (Semiconductor Devices)," said Mike Towey, SFG's Director of Research.   "Herman's hiring brings us to 27 senior fundamental analysts in six major industry sectors (Financial, Consumer, Healthcare, Energy, Industrials, and TMT) covering 330 companies -- triple the size of our research footprint 12 months ago."

For the last five years Mr. Leung was a senior member of the top-ranked Internet team at Deutsche Bank with primary responsibility for covering the e-commerce and online travel sectors. Most recently, he was named "Best Up and Comer" by Institutional Investor for the Internet category in 2010. Mr. Leung joined Deutsche Bank in 2005.  Prior to Deutsche Bank, Herman worked in the technology industry, most recently at Nextag, an online comparison shopping site, and Telesoft Partners, a venture capital fund focused on technology investments.   Mr. Leung began his career at Thomas Weisel Partners as an investment banking analyst.  Mr. Leung graduated from Cal Poly San Luis Obispo..

"The combination of his industry expertise and differentiated research made Herman an ideal candidate to join our Technology team.  Consistent with the 115+ hires we have made in our Equities team over these past 18 months, our client due diligence was instrumental in our hiring process. Client dialogue and connectivity has materially impacted the architecture of our platform and gives us tremendous confidence in our ability to positively impact their investment process," stated Cory Carlesimo, SFG's Head of Equities.

About Susquehanna Financial Group, LLLP

Susquehanna Financial Group, LLLP (SFG), a member of the Susquehanna International Group of Companies (SIG), is an innovator in global finance, servicing the needs of clients worldwide in the areas of sales, fundamental research, and market intelligence. Building upon SIG's command of the options marketplace and its quantitative trading capabilities, SFG has cultivated a robust service offering that provides liquidity, industry-leading insights, and execution services. SIG employs approximately 1,500 individuals located in North America, Europe, Asia, and Australia.

For additional information, please visit www.sig.com.

SOURCE Susquehanna Financial Group, LLLP