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Follow on Google News | WallachBeth Capital Adds More Industry Vets To ETF Desk;WallachBeth Capital, the institutional execution firm specializing in ETFs, equities and options, today announced the addition of two more industry veterans to the firm’s ETF execution division, one of the leading ETF desks in the Industry.
By: JLC Group for WallachBeth Capital Noted Michael Wallach, WB’s co-founder and CEO, “The continued growth in the ETF product arena, coupled with our firm’s unique approach to true best execution has struck more than a chord with the institutional investor community, and has required us to continuously ramp up our infrastructure with the Industry’s most talented individuals. Both Chris and Dong will add further depth to a team that’s become widely-recognized throughout the ETF landscape.” Hempstead, who most recently ran the ETF desk at Cowen & Company, spent the majority of his career as a major exchange specialist responsible for ETF market-making for a broad list of issues. He stated, “However transparent ETFs may be, the fact is, the marketplace is fragmented by the numerous screen-based, as well as “hidden” market centers. As a consequence, a vast number of issues often appear to be less liquid than they really are. By utilizing WallachBeth’ Lee joins the firm after almost 4 years with The Vanguard Group, the Industry’s third largest ETF issuer by assets, where he was responsible for ETF distribution for the firm’s institutional clients. Prior to that, he spent 8 years as VP of Institutional Sales for Legg Mason, the global asset management firm. Noted Lee, “Having spent much of career developing relationships for the community of prominent asset management organizations, the opportunity to join a leading execution firm is both a natural and exciting segue that allows me to deliver enhanced value to those relationships.” About WallachBeth Capital LLC WallachBeth Capital LLC operates on a fully-disclosed, agency-only basis while serving the needs of institutional fund managers, premiere hedge funds, sell-side trading desks, and sophisticated professionals trading in the wide-spectrum of ETFs, exchange-listed and OTC equity options, listed and OTC equities, and non-US equities. WallachBeth is a member of FINRA, SIPC, ARCA, CBSX, and ISE. The firm’s website is located at http://www.WallachBeth.com. For Additional Information: Michael Wallach, CEO WallachBeth Capital, LLC Tel. 646-237-8585 # # # WallachBeth Capital LLC operates on a fully-disclosed, agency-only basis while serving the needs of institutional fund managers, premiere hedge funds, sell-side trading desks, and sophisticated professionals trading in the wide-spectrum of ETFs, exchange-listed and OTC equity options, listed and OTC equities, and non-US equities. WallachBeth is a member of FINRA, SIPC, ARCA, CBSX, and ISE. The firm’s website is located at www.WallachBeth.com. End
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