Boca Raton-based vFinance, Inc., a financial services firm providing investment banking, trading and consulting services to high-growth companies and investors, announced that its subsidiary vFinance Investments, Inc., has established two new divisions, Sterling Capital Growth Markets and Sterling Fixed Income Group.
Sterling Capital Growth Markets will focus on the rapidly-growing, $2 trillion US Hispanic and Latin American investment markets. The division will be headed by Charles Garcia who will join vFinance as the division’s president and serve on the Board of Directors.
Garcia previously founded the Sterling Financial Group of Companies, a privately-held Hispanic firm. He was named one of the nation’s 100 most influential Hispanics and his leadership abilities have earned him a role in the administration of three US presidents, a Cabinet Secretary and a former NATO Supreme Allied Commander.
Sterling Fixed Income Group, which will be led by John Curry, will offer investment advisory services relating to fixed income products and execute fixed income investment transactions.
Curry will join vFinance as director of fixed income and lead the firms consolidated fixed income and bond trading business unit. Over the past 20 years, Curry has traded securities, futures and options, and provided analysis of market direction and hedging strategies to foreign and domestic banks, primary dealerships, hedge funds, and insurance companies.
vFinance’s Equity Trading Division, which services the wholesale, institutional and retail markets, will continue to be led by Bill Groeneveld, director of equity trading.
“The establishment of these new divisions is a critical part of our strategy to expand our Institutional Services business, and to focus on high-growth, emerging markets,” said Leonard Sokolow, CEO and president. “We expect these divisions, along with the newly acquired assets, to expand our market reach and significantly increase the firm’s 2006 revenues.”