Garden City, NY (PRWEB) June 12, 2013
Concept Capital Markets, LLC is pleased to announce that it has hired John M. “Jay” Davis III as Senior Vice President, Client Service in our Prime Brokerage Services group. Mr. Davis brings to Concept twenty years of brokerage experience, a deep knowledge of brokerage operations and risk control, and a solid reputation for providing exceptional client service to hedge fund managers as a prime brokerage account manager. Jay will be based in the firm’s newly established office in San Francisco.
Jay comes to Concept Capital from JPMorgan, where he spent the last five years building and managing client relationships with that firm’s domestic and international hedge fund clients serviced out of the San Francisco office. In addition to assisting clients with their day-to-day needs such as margin, risk, stock loan, corporate actions, private placements, compliance, and the like, Jay also focused on understanding clients’ needs and introduced the firm’s various products and services where those provided appropriate solutions. Jay came to JPMorgan though its acquisition of Bear Stearns, where he had worked since 1994, including many years as a prime brokerage client relationship manager.
“We are pleased to welcome Jay to Concept Capital and are fortunate to have an industry veteran of his caliber represent our firm in the Bay Area”, said Jack Seibald, co-founder and Managing Member. “San Francisco is a natural extension of our West Coast expansion plan that took us to San Diego and Los Angeles in 2011 and last year, respectively. The Bay Area remains very active in the alternative investment manager space, and we believe our comprehensive solutions platform could prove very appealing to established and emerging managers in this market. Having a client support presence locally will allow us to better service our existing area clients, and hopefully impress upon prospective customers our commitment to the market”, he continued.
Frank Napolitani, Managing Director and Head of Prime Services Sales, added “the Concept Capital brand and service offering is rooted in earning our clients’ business every day by serving them as a trusted and loyal partner. With our diverse range of experiences and skill sets that include prime brokerage, launching hedge funds, portfolio management, research, sales and trading, clearance and settlement, financial operations, compliance, technology, client support, and capital introduction, we believe the Concept Capital team is uniquely equipped to understand and anticipate our clients’ needs and preferences. Ongoing investments in technology and talented individuals enables us to deliver tools and support services, such as enhanced portfolio management and reporting solutions, which improve our clients’ ability to manage their businesses. These investments, along with our expanded sales effort throughout the United States, have afforded us the opportunity to win a large number of new client mandates and maintain a very high client retention rate. We’re eager for the opportunity to introduce Concept Capital and our capabilities to additional hedge fund managers in the Bay Area, and believe Jay will prove very helpful in this regard”.
“I’m excited to join the team at Concept Capital and for the opportunity to help the firm extend its reach in the Bay Area”, said Jay Davis. “With my long history in client service and support, I very much appreciate Concept Capital’s customer focus, and believe the firm’s well-developed suite of services that are aimed at helping investment managers remain focused on their portfolios, will be very well received in the Bay Area”, he concluded.
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 was established in 2010 following the spin-off of the Concept Capital division of Sanders Morris Harris Inc., whose origins date back to 1995. Concept Capital Markets, LLC is headquartered in Garden City, New York and operates offices in New York City, Greenwich, CT, Chicago, IL, Los Angeles and Del Mar, CA, 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. Concept Capital was named Best Prime Broker North America by the 2013 Hedgeweek US Awards.