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Lighthouse Financial expands institutional sales and trading operations

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Lighthouse Financial, a full-service broker dealer, is expanding its institutional sales and trading operations by launching a global portfolio trading platform.

The new platform consists of eight professionals that will be led by Christopher Foxall, head of global portfolio trading and partner, based in New York.

Collectively, the team brings over 75 years of experience in portfolio trading services. The group will be primarily focused on portfolio and algorithmic execution, risk modeling, event driven research and transaction cost analysis.

"The addition of a global portfolio trading platform is a natural complement to our existing sales and trading operations enabling our firm to provide even more value to institutional clients," says Rob Weinstein, Lighthouse Financial partner and head of institutional sales and trading. "Having worked with Christopher at Bear Stearns, his team uniquely takes a more consultative approach with customers and that has proven successful, and will further enhance the strategic expansion of the Lighthouse Financial offering to the buy-side."

In addition to Foxall, David Sauer and Art Ayzerov will be joining the firm both as managing directors and global portfolio traders. Sauer brings extensive Latin American experience which will be a focus of the group going forward. In addition, Louis Mancini will be joining as a managing director and head of portfolio technology. The eight person team, which is still growing, previously worked at JP Morgan Chase.

Foxall joins Lighthouse Financial with 12 years of experience in global portfolio trading. Most recently, he worked for JP Morgan Chase as the managing director of global portfolio sales for the Americas. He had previously held this role at Bear Stearns and continued in the position after the firm was acquired by JP Morgan Chase. He began his career at European American Securities based in London and later worked for UBS Securities as the director of international portfolio trading of the Americas.

Lighthouse Financial’s global portfolio trading platform will handle equity and fixed income transactions for institutions. The team will cover all areas of portfolio trading including: global equity and fixed income execution; ETF creation/redemption; algorithmic and systematic trading strategies; transition management; transaction cost and risk analysis; execution consulting; and index and event driven research.

The portfolio trading platform is the third trading group the firm has announced this year having previously added a derivatives platform and prime services group.

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