Garden City, NY (PRWEB) August 06, 2014
Concept Capital Markets, LLC is pleased to announce that Michael Tumulty has joined the firm as Managing Director – Operations Administration and Client Support. Mike is a seasoned brokerage executive with a great deal of experience working with alternative investment managers, and in his new position with Concept Capital will work with our existing team to further refine and improve the firm’s prime brokerage offering and the service level we deliver to our clients.
Mike comes to Concept Capital from Lazard Capital Markets, LLC, where he served for more than four years, most recently as Director – Prime Services, and headed up the client service and product development team for the firm’s prime brokerage group. In this role Mike worked closely with alternative investment managers, their CFOs and COOs, providing them the brokerage, operational, and reporting solutions that facilitated the management of their portfolios and investment management businesses. Prior to Lazard, Mike held positions at Merrill Lynch (2003-2008) and Bear Stearns (1986-2003), among other firms. At Merrill Lynch Mike served as a senior relationship manager in Merrill Lynch Prime Services. He was also responsible for client service and the development of the hedge fund start-up services group. At Bear Stearns Mike was a Managing Director and was responsible for the management of the global client service team for prime brokerage. Mike is located in our New York City office and can be reached at mtumulty(at)conceptcapital(dot)com or 212-419-3976.
“We are pleased to welcome Mike to Concept Capital and look forward to incorporating his skills in dealing with all matters related to clearing firms, execution venues, operational and client support, and portfolio reporting with our client service team as we aim to further improve our clients’ experience”, said Jack Seibald, co-founder and Managing Member. “We believe the Concept team is uniquely equipped to understand and anticipate our clients’ needs and preferences because of our diverse set of experiences and skill sets that include launching and managing hedge funds, trading on a variety of execution and order management systems, clearing and settling trades at multiple clearing firms, providing operational and technology support to wide ranging investment strategies, utilizing portfolio reporting technologies, implementing compliance procedures, and raising capital. Through continued investment in technology and talented individuals, we continue to deliver the tools and support services that enhance our clients’ ability to manage their businesses and free them to focus on their core competencies”, he continued.
About Concept Capital Markets, LLC:
Concept Capital offers a comprehensive suite of brokerage and related services that provide traditional and alternative investment managers with solutions that are customizable and scalable. The firm was built by former investment managers to serve hedge fund managers, managed account platforms, institutional investors, family offices, and registered investment advisors with turn-key solutions designed to free its clients to focus on their core competencies. Our offering features world-class custody and clearing options, multi asset class capabilities, leading execution and order management systems, a seasoned execution desk, a range of financing options, a highly professional operations and customer support team, comprehensive portfolio reporting capabilities, and capital introduction. Concept Capital Markets, LLC is headquartered in Garden City, New York and operates offices in New York City and Purchase, NY, Greenwich, CT, El Segundo and Santa Monica, CA, Atlanta, GA, and Boca Raton, FL. The firm is registered as a Broker Dealer and Investment Adviser with the SEC, and is a member of FINRA, NFA, and SIPC. For additional information, visit http://www.conceptcapital.com.