Clear Street launches investment banking business
29 June 2023 US
Image: JFL_Photography/stock.adobe.com
Fintech prime broker Clear Street has hired a team of investment bankers to build an investment banking and advisory offering.
The business aims to provide strategic advisory, transaction and capital solutions to emerging growth companies.
In addition, the selected team will provide an investment banking practice that offers traditional and alternative capital markets services.
The team will consist of John D'Agostini, co-head of investment banking, who joins Clear Street after more than 12 years as managing director of investment banking at JonesTrading. He began his career in equity sales and trading at Cantor Fitzgerald.
Nicholas Hemmerly joins the new team as co-head of investment banking. He has nearly two decades of experience in the industry, holding previous senior positions at J.P. Morgan, PwC and Jefferies, to name a few. Hemmerly was most recently senior managing director and head of investment banking at Bridgeway Capital Partners.
Ryan Gerety has been appointed managing director of the new investment banking business at Clear Street. He was formerly managing director of equity capital markets at JonesTrading. Here, he held an 11-year tenure, first joining the firm in equity sales and trading before moving to the equity capital markets team.
Clear Street completes the team with Wes Heffernan, who will act as executive director of investment banking. Joining Clear Street’s newly formed business from EF Hutton, Heffernan was senior vice president of investment banking at the firm. He also served as an analyst at Guggenheim Partners and Maxim Group.
The four hires will report to Clear Street Group’s chief operating officer and head of sales Andy Volz, who oversees Clear Street’s business development and sales channels, as well as new business initiatives across the organisation.
Commenting on the launch, Volz says: “The investment banking business will further establish Clear Street as an emerging leader in the capital markets space and is another area where we are excited to add value as a trusted partner.
“As we continue to build out our suite of services to meet our clients’ needs, we remain focused on our mission to become a single-source platform that serves a variety of investor types, across multiple asset classes, on a global scale.”
D’Agostini adds: “We are thrilled to build a next-generation investment bank focused on establishing long-term partnerships and propelling growth using the momentum from Clear Street’s expanding platform.
“We look forward to leveraging Clear Street’s technology to provide exceptional service and create transformative opportunities for growth companies.”
The business aims to provide strategic advisory, transaction and capital solutions to emerging growth companies.
In addition, the selected team will provide an investment banking practice that offers traditional and alternative capital markets services.
The team will consist of John D'Agostini, co-head of investment banking, who joins Clear Street after more than 12 years as managing director of investment banking at JonesTrading. He began his career in equity sales and trading at Cantor Fitzgerald.
Nicholas Hemmerly joins the new team as co-head of investment banking. He has nearly two decades of experience in the industry, holding previous senior positions at J.P. Morgan, PwC and Jefferies, to name a few. Hemmerly was most recently senior managing director and head of investment banking at Bridgeway Capital Partners.
Ryan Gerety has been appointed managing director of the new investment banking business at Clear Street. He was formerly managing director of equity capital markets at JonesTrading. Here, he held an 11-year tenure, first joining the firm in equity sales and trading before moving to the equity capital markets team.
Clear Street completes the team with Wes Heffernan, who will act as executive director of investment banking. Joining Clear Street’s newly formed business from EF Hutton, Heffernan was senior vice president of investment banking at the firm. He also served as an analyst at Guggenheim Partners and Maxim Group.
The four hires will report to Clear Street Group’s chief operating officer and head of sales Andy Volz, who oversees Clear Street’s business development and sales channels, as well as new business initiatives across the organisation.
Commenting on the launch, Volz says: “The investment banking business will further establish Clear Street as an emerging leader in the capital markets space and is another area where we are excited to add value as a trusted partner.
“As we continue to build out our suite of services to meet our clients’ needs, we remain focused on our mission to become a single-source platform that serves a variety of investor types, across multiple asset classes, on a global scale.”
D’Agostini adds: “We are thrilled to build a next-generation investment bank focused on establishing long-term partnerships and propelling growth using the momentum from Clear Street’s expanding platform.
“We look forward to leveraging Clear Street’s technology to provide exceptional service and create transformative opportunities for growth companies.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
