US-based agency broker BTIG has opened a new office in Stockholm, Sweden, and has promoted one of its senior equity sales traders to manage the venture.
Tony Nilsson, formerly a senior member of BTIG’s institutional equity sales trading team in London, has been appointed managing director and head of Scandinavian sales trading.
He has more than 20 years’ experience in sales trading across Europe, having worked at major financial institutions including Goldman Sachs, Morgan Stanley, Credit Suisse, Barclays, HSBC and Danske Bank.
Nilsson will be responsible for managing the new office in Stockholm, which is BTIG’s third office in Europe after the broker opened its London office in 2008, and an office in Edinburgh in 2015.
“Stockholm is the ideal location for us to establish our Scandinavian presence,” said Christopher Rollins, who was recently appointed chief executive of BTIG Limited in London. “We are confident that with [Nilsson] leading our effort that we can expand our high-touch client coverage capabilities and footprint throughout the region.”
Rollins first joined BTIG in October last year to head up execution services in the US, and as a managing director for international equities. Prior to this, he spent more than 15 years with Goldman Sachs in several senior roles, including co-head of European execution services in London.
BTIG added that has seen dramatic growth across Europe and globally in recent years due to its results-orientated sales and trading professionals.
“We continue to cultivate our multinational brand by strategically expanding into important markets,” said Scott Kovalik, chief executive officer of BTIG. “Opening a Stockholm office better positions us to serve and react to client needs and opportunities across Scandinavia.”