BTIG, an institutional broker-dealer, has expanded its London sales trading team with five new hires, four of which are from rival brokerage Pali International.
Adrian Maydew, the only new recruit not from Pali International, joins BTIG after seven years as a director in ABN AMRO/RBS’s event-driven proprietary trading team. In his previous role, his team managed €2.5 billion-worth of investments in merger arbitrage, dual listings, share classes and long/short equity trading.
Raphael Levy, formerly a director specialising in equity sales trading for large institutions at Pali International, will take up a similar role at BTIG. Levy has also held roles with Bancaire Privée in Geneva and Société Générale.
Greg Levett and Paul Benton both join BTIG as event-driven sales traders. Both previously did the same job at Pali International. At Pali, Levett was responsible for producing the firm’s daily notes to clients and will be charged with providing London-based clients with similar market intelligence. Levett has also held a sales role at investment bank Bryan Garnier in London and was a financial journalist for AFX News and S&P Marketscope. Benton has also held roles at Bear Stearns and ING Bank.
Alex Clegg will also join BTIG’s event-driven sales trading team from Pali International.
“Adrian, Raphael, Paul, Greg and Alex bring significant knowledge and experience to our London team in both event-driven and pan-European sales and trading,” said Gary Hayes, CEO of BTIG in Europe, in a statement. “As we continue to extend our product offerings in Europe, these new hires will provide our institutional clients with valuable event driven expertise and insight.”
BTIG’s London office was opened in December 2008 and now has 25 professionals after an aggressive hiring spree.