Lighthouse Financial, a full-service broker-dealer, is launching a global portfolio-trading platform as a result of hiring an eight-person team that previously worked at JP Morgan Chase.
The new platform consists of eight professionals led by Christopher Foxall, 35, head of global portfolio trading and partner, based in New York. The group will primarily focus on portfolio and algorithmic execution, risk modeling, event driven research and transaction cost analysis.
“The addition of a global portfolio trading platform is a natural complement to our existing sales and trading operations enabling our firm to provide even more value to institutional clients,” stated Rob Weinstein, Lighthouse Financial Partner and head of institutional sales & trading. “Having worked with Christopher at Bear Stearns, his team uniquely takes a more consultative approach with customers and that has proven successful, and will further enhance the strategic expansion of the Lighthouse Financial offering to the buy side.”
Foxall joins Lighthouse Financial with twelve years of experience in global- portfolio trading —most recently, he worked for JP Morgan Chase as the managing director of global portfolio sales for the Americas. Foxall had previously held this role at Bear Stearns and continued in the position after Bear’s acquisition by JP Morgan Chase. Foxall was in charge of integrating the two teams, technology and accounts. In his time at JP Morgan Chase, he helped the group gain a top-three market share rank in the US, according to the release.
In addition to Foxall, David Sauer and Art Ayzerov are joining the firm both as managing directors and global portfolio traders. Sauer brings extensive Latin American experience, which will be a focus of the group going forward, according to the company’s release. Louis Mancini will be joining as a managing director and head of portfolio technology.
Lighthouse Financial Global Portfolio Trading Platform will handle equity and fixed-income transactions for institutions. The team will cover all areas of portfolio trading including: global equity and fixed income execution, ETF creation/redemption, algorithmic and systematic trading strategies, transition management, transaction cost and risk analysis, execution consulting and index and event driven research.
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