NEW YORK, April 16, 2018 /PRNewswire/ -- Amherst
Pierpont Securities LLC, a market-leading independent fixed-income
broker-dealer, announced today that it has hired Steven Abrahams as Senior Managing Director and
Head of Strategy. Mr. Abrahams will coordinate the development and
distribution of investment strategy across Amherst Pierpont's businesses, with an emphasis
on delivering customized solutions and data-driven market
intelligence to help the firm's institutional clients meet their
investment objectives.
Mr. Abrahams will be responsible for overseeing Amherst Pierpont's strategy effort in its U.S.
Rates, Credit, and Structured Products businesses. He joins
Amherst Pierpont following a nearly
27-year fixed-income career which has included experience in
securitized products, collateralized loan obligation research and
U.S. Treasury and agency debt. Most recently, he co-founded
Milepost Capital Management, where he led strategy, research, asset
sourcing and selection and reporting for an SEC-registered manager
of securities and loans for private funds and institutions. Mr.
Abrahams will be based in New York
and report to Executive Managing Director, Ryan Mullaney, who among other responsibilities
oversees all of APSEC's Sales and Trading efforts.
"Steve brings a tremendous track record of securitized products
research and strategy development to Amherst Pierpont," said Mr. Mullaney. "As we
continue to grow across all the firm's businesses, the addition of
Steve to our senior team enhances our ability to continue providing
a franchise of products, actionable insights and outstanding
service to our growing institutional client base. We are thrilled
to welcome him to our growing team."
"Amherst Pierpont is known across
the industry for its premier fixed-income capital markets franchise
and leading data and analytics capabilities, and I am excited to
join this growing team," said Mr. Abrahams. "At Amherst Pierpont,
we are able to deliver a broad range of products with robust
trading capabilities and data-driven investment strategies that are
truly unique in the industry."
Mr. Abrahams has previously held senior structured products and
securitization research roles at Deutsche Bank, where he was
Managing Director and Head of MBS and Securitization Research;
Citadel Investment Group, where he was Founder and Managing
Director of Citadel Capital Advisors; and Bear Stearns, where he
was Senior Managing Director and Global Head of Liquid Product
Strategy. He graduated from Northwestern
University with a Bachelor's Degree in Journalism and earned
a Master's Degree and a Ph.D. from Columbia
University.
In addition to the hiring of Mr. Abrahams, Amherst Pierpont continues to invest in every
area of its Fixed Income business, including the hiring of 12
additional Structured Product executives across Sales, Trading,
Banking, Strategy, and Analytics over the past year. The firm
continues to expand its Structured Product division with additional
product lines, and these recent staff additions strengthen the
trading, sales, and banking capabilities to support these new and
future businesses. Another key component of the firm's growth
strategy is its long standing commitment in data and analytics. The
firm's recent investments in both talent and resources, across its
strategy and modeling teams, will ensure the firm continues to
provide its institutional clients with industry leading analytic
capabilities.
Amherst Pierpont Securities was formed in 2014 when Amherst
Securities Group, LP and Pierpont Securities LLC merged to create a
highly competitive, client-focused fixed-income broker-dealer to
provide access to a broad range of fixed-income products to
institutional and middle-market clients.
About Amherst Pierpont Securities
Amherst Pierpont Securities is a market-leading independent
broker dealer providing institutional and middle-market clients
with access to a premier fixed-income capital markets franchise.
Our experienced team of professionals delivers actionable trade
ideas and customized solutions to our institutional client base.
Much of the value-added service we provide is driven by our
state-of-the-art data and analytics platform and our focus on
market strategy, both of which are designed to identify relative
value and quantify risk reward in the fixed income markets. Amherst
Pierpont Securities is headquartered in New York City with more than 200 employees and
offices in Austin, TX;
Chicago, IL; Fort Lauderdale, FL; Houston, TX; Red
Bank, NJ; San Francisco,
CA; Westport, CT; with an
operations center in Newark, DE.
Amherst Pierpont International Ltd is an affiliate located in
Hong Kong. Amherst Pierpont
Securities is a self-clearing member of the Fixed Income Clearing
Corporation and also a member of FINRA and SIPC. For further
information about Amherst Pierpont Securities, see
www.apsec.com.
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SOURCE Amherst Pierpont Securities LLC