ConvergEx Group, a provider of technology products and services to asset managers and financial intermediaries, has expanded its recently acquired boutique prime services business NorthPoint Trading Partners, with four new hires.
Michael McLoughlin and Jay Mercier have joined electronic execution group and Raoul Scott and Erik Fuchs have joined client serving team at NorthPoint and they will be based out of Georgia.
Mr McLoughlin joined NorthPoint from Prudential Equity Group, a subsidiary of Prudential Financial. Mr Mercier joined from YieldQuest Advisors.
Mr Scott joined from ConvergEx’s Eze Castle Software and Mr Fuchs from Merrill Lynch.
ConvergEx’s NorthPoint Trading Partners provides prime brokerage services to hedge funds, family offices, mutual funds and registered investment advisors.
Douglas Nelson, CEO of NorthPoint Trading Partners at ConvergEx, said: “Since joining forces with ConvergEx, we have been signing on new clients at a record rate while continuing to provide the same level of customer service that we are known for throughout the industry.
“We have been very pleased with this pace and attribute it to the significantly expanded number of ConvergEx technologies that we have made available to our clients.”
Michael DeJarnette, president of NorthPoint Trading Partners, said: “We are thrilled to welcome Michael, Jay, Raoul and Erik to the team. Their years of experience and dedication to excellence will be a valuable resource to our clients while reinforcing our commitment to delivering the highest quality service.”