Broadpoint forms new recapitalization and restructuring group
8th February 2008
Broadpoint Capital, the broker-dealer subsidiary of Broadpoint Securities Group, has hired Tim O'Connor as executive managing director, as well as nine other individuals to establish its new recapitalization and restructuring group.
In addition to leading the new group, Mr O'Connor will head Broadpoint's overall investment banking effort. David Reed, who had recently held this position, will now lead Broadpoint's mergers and acquisitions practice.
Joining Broadpoint's new recapitalization and restructuring group is Greg Ethridge, principal; and Maury Apple, Sunny Cheung, David Haines, Edward Krasnov, Edward Murtha, Matt Pennino, Vimarth Shukla, and Drew Weisman. This new group brings to Broadpoint proven expertise in the debt restructuring and recapitalization disciplines.
Lee Fensterstock, chairman and CEO of Broadpoint, said: "Tim, Greg, and their team bring a set of skills in the debt advisory and debt capital markets areas that will complement our equity capital markets and advisory capabilities and enable us to deliver a complete product offering to our middle market corporate and institutional client bases."