US financial services firm BTIG is to open an office in Edinburgh. The company, which specialises in institutional trading, investment banking, research and related brokerage services, says Edinburgh is a natural extension of its operations in London.
Edinburgh will be the firm’s 14th global location and only its second in Europe. It opened in London in 2008. It serves institutional and corporate clients throughout North America, Europe and Asia-Pacific.
Gary Hayes, chief executive, said: “Building upon our strong UK client base, the Edinburgh office will offer the ability to develop stronger relationships in the region. With this debut in Scotland, we look forward to working with clients to provide premier solutions.”
The Edinburgh office will be managed by Stephen Harley, managing director of institutional equities at BTIG. Prior to his role at BTIG, he was a director of institutional equities at JP Morgan.
BTIG has seen strong and consistent growth since the firm’s inception in 2005, through the merger of two well-respected institutional trading firms, San Francisco’s Baypoint Trading and New York’s Bass Trading. They brought together more than 100 years of capital market experience.
Matt Cyzer, president and head of European equities of BTIG, said: “Expanding our global footprint by leveraging local expertise in new territories worldwide allows us to offer products and services to a larger global audience.”
BTIG employs 500 traders and other staff in 13 cities in North America, Europe and Asia Pacific. They handle client business in a variety of financial vehicles including equity derivatives, foreign exchange, convertible and preferred securities.
The company’s core capabilities include global sales, portfolio, electronic and outsource trading, investment banking, prime brokerage, capital introduction, corporate access, research and strategy, commission management and more.