Madison Williams, a capital markets and advisory firm, has hired five senior salesmen and traders to its institutional sales and trading team.
Michael Gantcher is joining Madison Williams as head of equity sales and trading.
Most recently he was the director of marketing and investor relations at an energy hedge fund, and before that he was head of institutional equity sales at Oppenheimer in New York.
"One of the most exciting things at Madison Williams is the opportunity to work in a private partnership where the client comes first. I and my partners look forward to this unique opportunity to grow an institutional equity business and to better align research sales and trading across all divisions. We did this successfully at Oppenheimer and believe we can do the same and more at Madison Williams," says Gantcher.
Reporting to Gantcher will be Steve Souhrada, head of equity sales, and Chris Weekes, head of equity trading. Matthew Muszala and Andrew Kennedy will also be joining the institutional sales team. In addition, Muszala will work in the product development group.
"This is a terrific opportunity to add an experienced institutional equities sales and trading team to Madison Williams. This is another important step towards achieving our goal of building a world class investment bank targeting specific industries, including energy and healthcare," says Madison Williams president and chief executive officer William Sprague. "In 2009 we completed 23 co-and lead managed equity offerings and we look to an even better 2010 with our expanded distribution team."
Souhrada, Muszala, Kennedy and Weekes were until recently on the institutional equities sales and trading desk at Oppenheimer in New York.