US institutional brokerage Concept Capital has hired Robert E. Moore, a former Citigroup executive, as managing director and head of its global institutional trading and research business. In his new role, Moore will oversee the expansion of this division.
Concept is planning to triple the size of its institutional sales and trading team during 2009. The firm contends that the recent volatility in the US capital markets has increased demand from investors for experienced sales traders to help them execute their orders.
Moore has over 30 years’ experience in the securities industry, including 21 years at Citigroup Capital Markets. He held several positions at the firm, including head of US equities responsible for sales, trading and capital markets. He also served as head of global technology at Citigroup’s global equity division, where he was responsible for all electronic equity platforms.
“We are proud to have attracted an executive of Bob’s calibre; his extensive experience in managing both global trading businesses and technology platforms will be critical to Concept’s expansion in 2009 and beyond,” said Michael S. Rosen, managing director of Concept Capital, in a statement. “The securities industry is undergoing significant change with investors looking to combine a traditional, service-oriented approach to trading with more robust, streamlined trading systems. That demand provides Concept with the perfect opportunity to grow our institutional business by attracting talented and seasoned professionals who will provide our customers the highest level of service.”