NEW YORK–(BUSINESS WIRE)–BTIG has announced today that it plans to strategically partner with a new TMT venture led by Richard Greenfield, Walter Piecyk and Brandon Ross, BTIG TMT Analysts, along with Joseph Galone and Mark Kelley.
“We are excited to work with Rich, Walt and Brandon as their business takes shape in the coming weeks. Their team will produce innovative independent investment research and create a new media company that is expected to fully assess the disruptive forces across the technology, media and telecommunications industries,” said Steven Starker, Co-Founder of BTIG.
The new venture will offer inventive ways of accessing intriguing TMT portfolio companies, both public and private, and will offer thematic research. BTIG plans to collaborate with the new firm on a variety of important strategic initiatives.
“This new venture will enable Rich, Walt and Brandon to be even more entrepreneurial, an attribute which has driven the success of BTIG since inception,” said Scott Kovalik, Co-Founder and Chief Executive Officer of BTIG. “Rich, Walt and Brandon have always pushed to provide unique and thematic views; while we will miss having them on our platform, we are happy to be aligning with their new efforts.”
“We are looking forward to this next chapter and appreciate the support we have received from the BTIG leadership team and our BTIG family,” noted Richard Greenfield, BTIG TMT Analyst. “We are proud to have initiated TMT coverage at the firm nearly a decade ago, and we continue to believe in the quality of its research, products and the value it delivers to clients.”
BTIG is a private entity with a minority investment from funds managed by Blackstone’s Tactical Opportunities.
BTIG is a global financial services firm specializing in institutional trading, investment banking, research and related brokerage services. With an extensive global footprint and more than 600 employees, BTIG, LLC and its affiliates operate out of 18 cities throughout the U.S., and in Europe, Asia and Australia. BTIG offers execution, expertise and insights for equities, equity derivatives, ETFs and fixed income, currency and commodities (futures, commodities, foreign exchange, interest rates, credit, and convertible and preferred securities). The firm’s core capabilities include global execution, portfolio, electronic and outsource trading, transition management, investment banking, prime brokerage, capital introduction, corporate access, research and strategy, commission management and more.