New York-based broker Auerbach Grayson has launched a global fixed income and sales trading platform for frontier and emerging markets and has appointed Tim Slaughter to lead the initiative.
According to Auerbach Grayson, the expansion follows the growth of sovereign and corporate debt markets globally. The offering will enable the firm to offer fixed income products to its client base, which consists of 500 institutional investors.
Slaughter has nearly 20 years of experience in the fixed income sales and trading marketplace and previously served as a senior trader at UBS, J.P. Morgan and Merrill Lynch. Before joining Auerbach Grayson, he was head of fixed income distribution at financial services and investment management firm Cowen and Company, where he was responsible for building and implementing a fixed income platform focused on US high-yield and high-grade corporate debt.
“Tim's broad competence with fixed income on a global level expands the scope of Auerbach Grayson's presence in worldwide markets,” said Jonathan Auerbach, managing director and co-founder of Auerbach Grayson. “His specific focus on the emerging and frontier markets fixed income opportunities is critical, since this area has been overlooked and under-covered as a sector of the global market until now.”
Auerbach Grayson offers global research, trade execution and settlement services in equities, derivatives and fixed-income instruments to US institutional clients through its network of local broking partners in 128 countries.