From left to right: John Tessar, Chris White, John Korody, Eric Moskoff, Alex Ciccotelli, Krista Martin, Ed Coach ICAP's new structured product services division, SPX, is headed by John Tessar and Ed Coach, and is based in Boca Raton, FL. John and Ed are joined by former LaSalle colleagues Krista Martin, John Korody and Eric Moskoff and look to build on the success they experienced while at LaSalle. In addition, Chris White from Countrywide Securities Corp. and Alex Ciccotelli from HSBC Bank USA, join the division this month. ====
BOCA RATON, FL (From the ICAP Press Release) -- It has been widely reported that Structured Product distribution has experienced explosive growth over the past several years in the U.S. This growth has led to great change, evolution and opportunity within our industry.
In that light, we are proud to announce that the former structured products team from LaSalle Bank has joined ICAP, the world's premier voice and electronic interdealer broker. ICAP delivers specialist intermediary broking services to trading professionals in the wholesale financial markets. The group covers a very broad range of OTC (over-the-counter) financial products and services in commodities, foreign exchange, interest rates, credit and equity markets, as well as data, commentary and indices.
Through the SPX platform, our team plans to offer issuers and the broker dealer community enhanced structured products education, information and trading services. Focusing solely on the distribution of structured products to the dealer and advisor community, our team hopes to capitalize on the growing demand for structured products by U.S. investors.
SPX Co-heads John Tessar & Ed Coach said in a joint statement, "Our success will most certainly be gauged by how well we can address the needs of both issuers and dealers. As we grow, we hope to help the entire investment community to learn, find and buy a variety of structured products from a vast array of issuers. We very much look forward to working with you in the near future."
SPX - Structured Product Services
2255 Glades Road, Suite 200E
Boca Raton, FL 33431
888-308-2024
spx@icap.com
