BTIG, LLC, a global broker dealer specializing in institutional trading and related brokerage services, today announced another expansion to its Fixed Income group with the hiring of David Kallenberg as a Managing Director for its new Convertible Securities Desk in Los Angeles.
BTIG’s Convertible Securities Desk, led by Robert Langer, Head of High Yield and Convertibles Sales and Trading, was launched in October 2009 to complement the firm’s equities, fixed income and prime brokerage offerings.
“David brings a mix of extensive convertibles experience and deep institutional relationships that can be leveraged across the entire firm,” said Langer. “With the addition of David, BTIG now has convertible sales coverage in Los Angeles, San Francisco and New York, as we look to continue to provide our clients with high touch local service.”
Kallenberg joins BTIG from KKS Securities, a convertible securities boutique that he co-founded in 2008, which was then bought by Sterne Agee in 2010. Before KKS Securities, Kallenberg held a variety of US-focused convertible securities roles at Thomas Weisel Partners, Amaranth Advisors and William Blair, a Chicago-based brokerage firm, where he built the Convertible Securities desk and was Head of Trading and Risk Management.
Kallenberg joins a team of 7 professionals on BTIG’s Convertible Securities Desk that includes Jacob Creem, Bill Feingold, Will Frohnhoefer, David Lochmann, Kevin McGuire and Donald Pizzutello. BTIG’s Convertible Securities Desk is part of its Global Fixed Income group that provides expertise and seamless execution across the capital structure for a broad range of institutional investors.
