Salvatore Cangialosi joins Albert Fried’s prime lending division
07 February 2013 New York
Image: Shutterstock
Salvatore Cangialosi has been recruited for Albert Fried & Company’s prime lending services division from Credit Suisse, where he was director of fixed income securities lending in their New York office.
Cangialosi has over 30 years’ experience, with the last 20 years at Credit Suisse where he covered hedge fund and firm financing. He was responsible for all facets of fixed income securities lending, firm and customer needs, as well as financing.
At Albert Fried, he will specialise in corporate and treasury securities lending, customer financing both US domestic and international, as well as hedge fund coverage.
In January, Albert Fried & Company married securities lending and prime services in order to provide them both to hedge funds, traders and other buy-side clients.
In a statement, Anthony Katsingris, COO of Albert Fried & Company, said: “[Our firm’s] prime lending services division will provide clients with direct securities lending market access as well as customised prime brokerage services. Clients will benefit with a unique transparent view of the securities lending market.”
Albert Fried, the firm’s CEO, added that the new division will provide clients with direct securities lending market access as well as customised prime brokerage services. “Clients will benefit with a unique transparent view of the securities lending market,” he said.
The firm hired Vincent Avena and Paul Stegmann as managing directors of the new division.
Avena was previously managing director of securities lending at BNP Paribas, while Stegmann joined Albert Fried from Credit Agricole, also as managing director of securities lending.
Cangialosi has over 30 years’ experience, with the last 20 years at Credit Suisse where he covered hedge fund and firm financing. He was responsible for all facets of fixed income securities lending, firm and customer needs, as well as financing.
At Albert Fried, he will specialise in corporate and treasury securities lending, customer financing both US domestic and international, as well as hedge fund coverage.
In January, Albert Fried & Company married securities lending and prime services in order to provide them both to hedge funds, traders and other buy-side clients.
In a statement, Anthony Katsingris, COO of Albert Fried & Company, said: “[Our firm’s] prime lending services division will provide clients with direct securities lending market access as well as customised prime brokerage services. Clients will benefit with a unique transparent view of the securities lending market.”
Albert Fried, the firm’s CEO, added that the new division will provide clients with direct securities lending market access as well as customised prime brokerage services. “Clients will benefit with a unique transparent view of the securities lending market,” he said.
The firm hired Vincent Avena and Paul Stegmann as managing directors of the new division.
Avena was previously managing director of securities lending at BNP Paribas, while Stegmann joined Albert Fried from Credit Agricole, also as managing director of securities lending.
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