Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) (“Ladenburg”) today announced that it has expanded its institutional equity business at its broker-dealer subsidiary, Ladenburg Thalmann & Co. Inc., with the addition of a talented team of traders and salespeople. The new additions joining Ladenburg include John (“Jack”) Miles as Managing Director, Institutional Sales and Trading; Alexander Bonello as Managing Director, Institutional Sales and Trading; Michael Marino as Managing Director, Institutional Options Sales and Trading; Christopher Calabrese as Managing Director, Institutional Sales; and Daniel Munro as a Vice President, Trading. These appointments are effective immediately.
“We are very pleased to welcome this highly talented and productive team to Ladenburg. We are confident that their expertise and relationships will be a valuable asset to Ladenburg as we continue to expand our institutional equity business to meet the needs of a growing client base,” said David Rosenberg, Co-President and Chief Executive Officer of Ladenburg Thalmann & Co. Inc.
“We are thrilled to join Ladenburg, with its strong team, proud 130-year history and robust banking and research platform,” said Jack Miles. “We see a substantial opportunity to further build out the institutional business at Ladenburg, and we look forward to contributing meaningfully to the future success of the firm.”
About Mr. Miles
Mr. Miles began his career at Kidder, Peabody & Co. on the floor of the American Stock Exchange trading stock options, and was a principal of his own firm, Doyle Miles & Co, a direct access broker dealer on the NYSE floor where they executed orders for a significant buy-side client base in listed OTC securities. Doyle Miles & Co subsequently merged into WJB Capital Group, an equity sales and trading firm that traded equities, equity derivatives, and structured equity products.
About Mr. Bonello
Mr. Bonello has over 17 years of trading experience, and served as a Vice President of the Portfolio Trading Group at WJB Capital for 6 years. Mr. Bonello also worked at firms such as Knight Securities, Cuttone and Company and Pulse Trading throughout his career.