PrinceRidge Group LLC (“PrinceRidge”), the broker dealer and investment banking subsidiary of Institutional Financial Markets, Inc. (NYSE AMEX: IFMI), today announced that it has formed an equity trading and institutional sales trading group and retained James (“Jim”) Dyer as its Head. Mr. Dyer brings to PrinceRidge over 27 years of equity trading and sales experience, most recently serving as Senior Managing Director of Institutional Equity Sales and Trading with Rodman & Renshaw. Prior to Rodman & Renshaw, Mr. Dyer held the position of General Partner and Head of Equity Trading at Maxim Group. Previously, Mr. Dyer was Head of Trading and an executive committee member at BrokerageAmerica.
PrinceRidge also announced that it has hired Ari Wald as Desk Analyst. Mr. Wald previously served as Assistant Vice President of Institutional Equity Research at Brown Brothers Harriman.
Daniel Cohen, Chairman and Chief Executive Officer of PrinceRidge, said, “We are very excited about the formation of PrinceRidge’s equity trading and institutional sales trading group, and are very pleased to have someone of Jim Dyer’s caliber to lead the new team. Jim has a clear track record of success, and we look forward to benefiting from his experience as we continue to take advantage of the clear growth opportunities before us. As Jim expands our equity and institutional sales trading desks, our clients will have access to an enhanced set of product offerings. I look forward to working closely with Jim and his team to generate value for our clients.”
Mr. Dyer said, “Joining PrinceRidge is a tremendous opportunity, and I look forward to further enhancing its talented team to drive increased returns for our client base. By taking advantage of our sales forces’ and investment bankers’ strong account relationships, our clients will enjoy the best of both worlds: small firm hands-on service and close attention, with big firm execution and product offerings.”