LOS ANGELES, April 04, 2018 (GLOBE NEWSWIRE) -- B. Riley FBR, Inc. (“B. Riley FBR”), a leading full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), announced today that Mark Squitieri has joined the firm as Head of IG Credit Trading and Managing Director of its Fixed Income Capital Markets group. In his new role, Mr. Squitieri will be managing the growth and development of a full service Investment Grade Credit Trading desk, as well as implement risk management measures and identify opportunities in the investment grade credit space to better serve the firm’s client base.
The firm’s Fixed Income Capital Markets group is a division which offers a broad array of investment, trading, analytic and underwriting services. Mr. Squitieri brings over 20 years of experience in corporate trading and establishing credit trading areas.
“We continue to build upon our Fixed Income Capital Markets group and our platform overall in order to enhance the services we provide to our clients,” said Bryant Riley, Co-Chief Executive Officer of B. Riley FBR. “We’re excited to have Mark join the team and apply his experience and deep understanding of the industry which will enable us to further strengthen our growing platform.”
“Mark is a great addition to this group, bringing extensive industry experience and expertise with developing credit trading platforms. Having him on board enables us to continually add additional services to our platform and expand our reach in the capital markets segment,” said Dan Leland, Head of Fixed Income Capital Markets at B. Riley FBR.
Prior to joining B. Riley FBR, Mr. Squitieri served as Managing Director of Corporate Trading at Tribal Capital Markets where he directed the development of the company’s Credit Trading platform. Earlier, Mr. Squitieri spent 20 years at Vining Sparks, a regional fixed income dealer, where he served as Director of Corporate Trading. During that time, Mr. Squitieri managed the Credit Trading desk and collaborated amongst the firm’s sales force and client list. In addition, he introduced the PFD stock, TRUP and TRUP CDO products to Vining Sparks. In the TRUP CDO space, Mr. Squitieri facilitated a successful offering valued at $720 million, one of the largest transactions in the firm’s history, and developed the PFD stock trading area which resulted in a number of co-manager designations for the firm.
Mr. Squitieri began his career as an investment banker after serving four years in the U.S. Army. He received a Bachelor’s degree from Rutgers University (NCAS) and is based in the firm’s Memphis office.
About B. Riley FBR, Inc.
B. Riley FBR, Inc. is a leading investment bank which provides corporate finance, research and sales and trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements and merger and acquisitions advisory services. The firm is nationally recognized for its highly ranked proprietary equity research.
B. Riley Financial, Inc. (NASDAQ:RILY), through its subsidiaries, provides collaborative financial services and solutions to the capital raising and financial advisory needs of public and private companies and high net worth individuals. The company operates through several wholly-owned subsidiaries, including B. Riley FBR, Inc., Wunderlich Securities, Inc., Great American Group, LLC, B. Riley Capital Management, LLC (which includes B. Riley Asset Management, B. Riley Wealth Management, and Great American Capital Partners, LLC) and B. Riley Principal Investments, a group that makes proprietary investments in other businesses, such as the acquisition of United Online, Inc.
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Source: B. Riley FBR, Inc.