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WBC Expands, Hires Hedge Fund Specialist

West Palm Beach (HedgeCo.net) – Stephen Markowitz, most recently the Senior Vice President, Equity Derivative Sales for global inter-dealer broker Tullett Prebon, has joined hedge fund provider, WallachBeth Capital LLC (WBC) as a Managing Director of the firm.

“Having known and worked with Stephen for the better part of twenty-five years, and as the options markets have evolved, his decision to now play a senior role within our firm is a real coup." Michael Wallach, WBC’s co-founder and CEO, said, "His breadth of product knowledge, broking talents, and his deep, trusted relationships with institutional portfolio managers and hedge funds that are active in the option and ETF space will prove to be a great complement to the audience that we serve, and the services that we provide.”

WBC specializes in exchange-listed options and ETF’s, operating on a fully-disclosed, agency-only basis while serving the needs of institutional managers, premiere hedge funds, sell-side trading desks, and sophisticated professionals trading in the wide-spectrum of exchange-listed equity options, listed and OTC equities, ETF’s, and non-US equities. Member FINRA, SIPC, CBSX, ISE, ARCA, and New York Amex options.

“After spending the first half of my career helping to build a major derivatives broking division within a global enterprise, I’m thrilled to be joining a boutique environment and to work with a team of trading industry professionals that I’ve known and respected for many years. This is a rare opportunity for me to focus on what I do best and enjoy the most; executing orders for institutional managers that depend on objectivity and personal service in the course of their navigating the options markets and managing risk-oriented portfolios.” Stephen Markowitz said of the new postition.

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

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