Garden City, NY (PRWEB) May 01, 2015
Concept Capital Markets, LLC is pleased to announce that R. Pennington Miller-Jones (Penn) has joined the firm as Managing Director – Head of Prime Brokerage Sales. Penn is a seasoned prime brokerage executive with a great deal of experience in sales and operations and an impeccable reputation with alternative investment managers and other service providers to the hedge fund industry. In his new position, Penn will lead Concept Capital’s sales effort and work with the firm’s management team to further refine and improve our prime brokerage offering and extend our reach to a broader audience.
Penn comes to Concept Capital following nine years at Jefferies LLC, where he served as Managing Director – Head of Equity Prime Brokerage Sales, and was an integral part of the team that built the prime brokerage business at the firm. He was involved in all aspects of the business, most notably the sourcing of portfolio management software, trading systems and capital introduction. Among his other responsibilities, he negotiated and structured prime brokerage and related agreements to meet client specific needs. Prior to Jefferies, Penn served as Managing Director – Head of East Coast Prime Brokerage Sales at Banc of America Securities, and before that as Senior Vice President – Prime Brokerage Operations at Montgomery Securities/NationsBanc Securities prior to its merger with BofA. He began his brokerage career in 1992 with the Pershing division of Donaldson, Lufkin & Jenrette. Penn is located in our New York City office and can be reached at rpmj(at)conceptcapital(dot)com or 212-419-3949.
“We are pleased to welcome Penn to Concept Capital and believe his leadership of our sales effort will have an immediate positive impact on the firm’s business and significantly enhance its prospects for continued growth. The comprehensive prime brokerage solutions we offer our clients, anchored by our investments in technology and talented individuals, have driven our rapid growth in recent years, and we are excited for the opportunity to work with such a seasoned professional to further develop our firm’s presence in the alternative investment space,” said Jack Seibald, co-founder and Managing Member.
“The Concept Capital team has built an incredible business dedicated to supporting and incubating a wide variety of investment managers. After spending the majority of my career working with emerging managers, it is refreshing to partner with a firm that has built a culture around this segment of the market,” said Penn Miller-Jones.
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 Delray Beach, 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.