US broker-dealer BTIG is continuing its push for wider coverage in the crowded European market with the appointment of Matthew Cyzer as president and head of European equities.
In Europe the broker currently offers outsource trading, prime brokerage and agency execution business. Cyzer will be tasked with the broker’s expansion throughout a mature market teeming with brokerages both large and small, as well as managing BTIG’s equities sales and trading business.
A former partner at Goldman Sachs since 2004, Cyzer joined the firm in 2002, serving as head of European equity sales trading, and most recently ran its European one delta execution services before retiring in 2011. Previous to his time at Goldmans, Cyzer was Deutsche Bank’s head of European equity sales trading.
“We are thrilled that Matthew will be joining our team and know that his extensive experience in the London and European markets will be invaluable to us as we expand our European and international operations,” said Steven Starker, co-founder of BTIG. “We feel that now is the right time to invest further in our growing European franchise by hiring the best talent and the best professionals to drive our growth and serve our clients.”
Since the autumn of 2010, the broker-dealer has been expanding its London office, beginning with adding four new sales and trading staff in October and a London desk for fixed income focused on emerging markets in September of that year. In February 2011, BTIG appointed eight new staff, including three new sales traders.