Odeon Capital Group has partnered with Hobart Capital Markets to form a new joint venture division in London, Odeon Hobart Partners (OHP).
As per the agreement, OHP will operate as a division of Hobart and will be regulated by the UK’s Financial Services Authority.
The partnership allows Odeon to expand its trading, research and sales capabilities, which span traditional and esoteric debt classes, in the UK.
Odeon CEO Evan Schwartzberg said that by using Hobart’s systems and market presence as an established London-based broker-dealer, Odeon will be better equipped to provide best-of-breed execution in overseas markets.
OHP will offer British and European institutional clients the ability to execute high yield transactions with a transparent focus. The firm will utilize Odeon’s independent research, which provides analysis across a variety of interest-based instruments, to execute its trades.