J.P. Morgan’s Jay Davis takes to Concept
13 June 2013 Garden City, New York
Image: Shutterstock
Concept Capital Markets has recruited Jay Davis from J.P. Morgan as senior vice president for client service in its prime brokerage services group.
The firm has also opened a new office in San Francisco.
Davis spent five years building and managing client relationships with J.P. Morgan’s domestic and international hedge fund clients in San Francisco.
On top of assisting clients with their day-to-day needs such as margin, risk, stock loan, corporate actions, private placements and compliance, Davis also focused on understanding clients’ needs and introduced the firm’s various products and services where those provided appropriate solutions.
He moved to J.P. Morgan though its acquisition of Bear Stearns, where he had worked since 1994, including many years as a prime brokerage client relationship manager.
Jack Seibald, co-founder and managing member of Concept Capital, said San Francisco is “a natural extension of [the firm’s] West Coast expansion plan that took [it] 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.”
“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,” said Frank Napolitani, managing director and head of prime services at Concept Capital.
“We’re eager for the opportunity to introduce Concept Capital and our capabilities to additional hedge fund managers in the Bay Area, and believe Davis will prove very helpful in this regard.”
The firm has also opened a new office in San Francisco.
Davis spent five years building and managing client relationships with J.P. Morgan’s domestic and international hedge fund clients in San Francisco.
On top of assisting clients with their day-to-day needs such as margin, risk, stock loan, corporate actions, private placements and compliance, Davis also focused on understanding clients’ needs and introduced the firm’s various products and services where those provided appropriate solutions.
He moved to J.P. Morgan though its acquisition of Bear Stearns, where he had worked since 1994, including many years as a prime brokerage client relationship manager.
Jack Seibald, co-founder and managing member of Concept Capital, said San Francisco is “a natural extension of [the firm’s] West Coast expansion plan that took [it] 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.”
“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,” said Frank Napolitani, managing director and head of prime services at Concept Capital.
“We’re eager for the opportunity to introduce Concept Capital and our capabilities to additional hedge fund managers in the Bay Area, and believe Davis will prove very helpful in this regard.”
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