In the near term, Mr. Dyer anticipates growing the trading team by retaining several additional desk analysts, equity traders and sales traders, with the goal of eventually expanding the department to 15 professionals. These professionals will offer the best execution, color, corporate access, strong investment banking, capital markets, preferred and debt structured products to their accounts. In addition, PrinceRidge has strong expertise in SPAC offerings, and shortly plans to expand into PIPEs, MLPs and regular equity offerings.
Commenting on the hiring of Ari Wald, Mr. Dyer said, “I am delighted to bring Ari Wald onboard. He brings to the table a technical view of stocks and the market place that was recognized by the Wall Street Journal for correctly calling the 2011 low in the S&P 500. Ari will play a major role in building PrinceRidge’s brand recognition with our client base and the financial community.”
Mr. Wald has a proven track record of providing market strategy views to a global client base. He brings a disciplined approach to forecasting market direction, and is both a CFA and a Chartered Market Technician. Mr. Wald has had guest appearances on CNBC Fast Money & Closing Bell as well as Bloomberg Street Smart. He has also been frequently quoted in the Wall Street Journal, Barrons, Reuters and other media outlets.
Mr. Wald said, “I’m looking forward to working with Jim and the firm’s many talented professionals as they build out PrinceRidge’s equity business. I believe my prior research experience will complement the deep industry knowledge and entrepreneurial values that epitomize PrinceRidge’s culture and reputation.”About The PrinceRidge Group LLC PrinceRidge is a fully licensed broker dealer and investment banking boutique established in 2009 with offices in New York, Houston, Chicago, Charlotte, Philadelphia and Boca Raton and with affiliate offices in London, Paris and Tokyo. The firm is client-oriented and fixed-income focused. PrinceRidge offers a variety of financial services to its institutional customer base including sales and trading in corporate credit and structured products and investment banking services such as new issue placements, underwritings and M&A advisory. PrinceRidge is committed to employing the highest quality professionals with significant industry experience, deep product knowledge, integrity and entrepreneurial spirit.