Cuttone & Company, a full-service institutional broker offering a complete range of execution services and prime brokerage services, named Richard Christ, a financial industry veteran, to a newly created managing director position.
Christ will be responsible for the oversight and facilitation of trade information flow between the exchange floor, regional offices and upstairs trading desk. Christ will also be seeking out and hiring individuals to fill the firms expanding floor and desk operations.
Christ joins Cuttone & Company with more than 20 years experience on both the buy-side and sell-side. Most recently, he served as head trader at Loeb Partners Corporation, a global multi-strategy hedge fund with $1.2 billion assets under management. Christ began his career building computer programs for trading baskets of stocks in the early 1980s.
Christ will use his knowledge of the trade information needs of both the buy-side and the sell-side community to enhance the ability of our combined sales trading and execution team to pinpoint information that offers the most value to our clients at just the right time.
“As the buy-side continues to execute increasingly complex trading strategies to generate higher returns, the sell-side must enhance its ability to provide critical, in-depth trading information to ensure their client’s trades capture the greatest amount of liquidity with minimal market impact. Mr.Christs vast management experience overseeing the trading of multiple asset classes, and developing and executing complex arbitrage strategies will enhance our teams ability to provide our clients with timely and actionable market colour,” saysDonato J. Cuttone, senior managing director and vice chairman, Cuttone & Company.