Joseph Schenk Named CEO of First New York Securities

NEW YORK, Sept. 9 /PRNewswire/ -- First New York Securities, a diversified global proprietary trading firm, announced today that Joseph Schenk has been named Chief Executive Officer. First New York currently has more than 200 traders across various asset classes including domestic and international equities, macro rates, foreign exchange, commodities, fixed income, derivatives and tax exempt bonds.  

Mr. Schenk has served as a Managing Member of First New York since joining the firm in March, 2009. He was named Co-President in February. Previously he served as Executive Vice President and CFO of Jefferies Group, Inc. During his tenure Jefferies grew to more than 2,500 employees with $5 billion in market capitalization and diversified securities trading and sales operations throughout the world.

About First New York

Founded in 1986, First New York Securities is a premier global proprietary trading firm. The firm's diverse trading business spans multiple asset classes including equities, derivatives, fixed income, foreign exchange and commodities, and is backed by a state-of-the-art technology platform. First New York is one of the few remaining classic partnerships on Wall Street and its compensation structure is designed to recognize and generously reward superior individual performance. Headquartered in New York City, with European operations based in London, the firm has more than 300 employees globally. To learn more about First New York Securities visit www.FirstNY.com.  

SOURCE First New York Securities

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