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Odeon Capital expands sales and trading and research teams

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Odeon Capital Group, a New York-based fixed income broker-dealer, opened four domestic offices, launched an international joint venture division and expanded its sales and trading and research teams by 19 per cent to 47 professionals from late June to mid-October.



In the past three months of operation Odeon’s sales and trading business executed over USD1bn in volume of trades – a total of USD5.1bn in volume since the firm’s inception in May 2009.

The firm’s corporate research arm continued to add corporate coverage and now has five analysts covering 12 industries, including retail, real estate and paper and packaging.

In late June, Odeon announced its first expansion with the opening of its Austin, Texas office. Odeon replicated this addition of increased networking and sales opportunities with its July office opening in Boca Raton, Florida.

Following this expansion of domestic services, Odeon announced in August its expansion to the international broker-dealer marketplace with its formation of a joint venture division in London, Odeon Hobart Partners. Formed through a partnership with Hobart Capital Markets, OHP offers institutional clients in the UK and across Europe the ability to execute high yield transactions, particularly in the debt sector.

Odeon culminated its expansion with the announcement of a Greenwich, Connecticut office in early September and a Chicago space in mid-October.

“A financial services firm is only as good as its people,” says Evan Schwartzberg, chief executive of Odeon. “In each market, we have filled our stable with industry leaders who are continuing to cultivate Odeon’s full-service model to our ever-expanding network of clients who want to receive the higher returns on their high yield investments.”

Odeon’s new swath of professionals includes Robert Grimm, head of corporate trading, who brings 30 years of high yield experience to Odeon’s trading team. Heading the firm’s Greenwich office, Grimm joined Odeon from McMahon Securities in early September.

Matthew O’Callaghan, senior bank loan trader, has worked in finance for more than 11 years and has experience on both the sell-side and the buy-side working at such firms as Hudson Ridge Trading & Research, Mariner Investment Group and Pirate Capital.

Joel Luton, managing director, research, has almost 30 years of research experience and has been on both the buy-side and sell-side. Prior to Odeon, he was director of research for 14 years at APS Financial, an Austin-based boutique broker/dealer.

Derek Rose, senior vice president of sales and trading, joined Odeon in early October from Southwest Securities, where he ran ABS/CMBS trading. He brings 23 years of securitistions industry experience to Odeon’s Chicago office, where he leads the office’s trading desk.

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