BTIG Adds Three New Managing Directors to its NY Fixed Income Credit Group

BTIG, a global financial services firm specializing in institutional trading, investment banking, research, and related brokerage services, has continued adding to its Fixed Income Credit Group, already one of its most heavily recruited units this year. The latest tranche of appointments will see Matthew Brown, Kurt Krestinski, and John Santonastaso join the company.

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The group’s latest appointments will see Matthew Brown, Kurt Krestinski, and John Santonastaso be based out of BTIG’s New York office. All three individuals will join an already expanding team that is led by the joint forces of Drew Doscher and Darren Haines, Co-Heads of the Fixed Income Credit Group at BTIG.

Mr. Brown lands at BTIG as a Managing Director within its Fixed Income Credit Group – he will be focused on distressed and high-Yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term credit sales in this capacity. Prior to BTIG, he worked as a Senior Vice President (SVP) within the High-Yield and Distressed Debt Sales Group at Jefferies.

Moreover, Mr. Krestinski also will be tapped as a Managing Director within the Fixed Income Credit Group at BTIG, emphasizing high-yield debt. Before coming over to BTIG, he worked in a similar role at Seaport Global as a Managing Director within its Fixed Income Credit Group at Seaport Global. Additional stops also include high-yield trading roles at BNP Paribas, Nomura, Citadel, Jefferies, and Barclays.

Finally, Mr. Santonastaso joins BTIG as a Managing Director who will be tasked with focusing on distressed market and special situations. BTIG is the latest stop in a career focused on Fixed Income Groups, having worked in a similar role at Guggenheim and Cantor Fitzgerald. Over the course of his career he has also worked at Farmstead Capital, Goldman Sachs, and Deutsche Bank.

According to Mr. Haines, in a statement on the hires, "We continue to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the reputation of the BTIG brand and our experienced professionals to recruit key members of the Fixed Income Credit team. With these new hires, we are better positioned to provide solutions for clients.”

"Matthew, Kurt and John will help us scale and expand BTIG’s footprint in the Fixed Income Credit space. We are very pleased that they will continue their successful careers as an integral part of our firm, further highlighting our commitment to investing in the right professionals to service clients," reiterated Anton LeRoy, Chief Operating Officer of BTIG.

The hires follow on the heels of another group that came over to BTIG last month. Back in April, BTIG secured Anthony Guido, Steven Jones, Jay Sommer, and Jeffrey Walsh as Managing Directors for its New York office. This round of hires was predated by the addition of Filip Skala and John Curley to the same unit earlier this year.