Susquehanna Financial Group Hires Douglas Sipkin, CFA as Senior Brokerage and Asset Manager Analyst

NEW YORK, March 20, 2012 /PRNewswire/ -- Susquehanna Financial Group, LLLP (SFG), the institutional broker-dealer member of the Susquehanna International Group of Companies (SIG), announced today that Douglas Sipkin, CFA has joined the firm as the Senior Analyst covering the Brokerage and Asset Management sectors.  Mr. Sipkin, whose coverage will include names such as BlackRock, Invesco, Goldman Sachs, Morgan Stanley and Jefferies, will be based out of SFG's New York office.

"Doug is a great addition to SFG's Financials team, which includes Jack Micenko (Regional Banks, Homebuilders and Mortgage Insurers), Jamie Friedman (Financial Technologies), Charlie Sweeney and Carmelo Rubano (Financials Trading) and Shawn Quigg (Financials Desk Analyst)," said Mike Towey, SFG's Director of Research.  "Doug's hiring further strengthens our fundamental equity research coverage in six major industry sectors (Financial, Consumer, Healthcare, Energy, Industrials, and TMT) covering 330 companies -- triple the size of our research footprint 24 months ago."

For the last two years Mr. Sipkin was a Managing Director at Ticonderoga with primary responsibility for covering the Brokerage and Asset Management sectors.  Prior to Ticonderoga, Mr. Sipkin was a Managing Director at Pali Capital.  Mr. Sipkin began his career at Wachovia Capital Markets where he spent nearly 10 years helping build the firm's financial services vertical.  Mr. Sipkin has been awarded a number of designations, including being ranked among the "world's top stock pickers" (Bloomberg Magazine 2008), "Best on the Street" (Wall Street Journal 2006), and "#1 stock analyst" (Forbes Magazine 2005 – based on stock recommendations).  Mr. Sipkin graduated from the University of Wisconsin.

"Doug is a high impact analyst whose differentiated work makes him an ideal fit for our financials vertical.  Our clients continue to play a critical role in the architecture of this platform, providing valuable insights so we can identify talent like Doug, who can positively impact their investment process," stated Cory Carlesimo, SFG's Head of Equities.

About Susquehanna Financial Group, LLLP

Susquehanna Financial Group, LLLP (SFG), a member of the Susquehanna International Group of Companies (SIG), is an innovator in global finance, servicing the needs of clients worldwide in the areas of sales, fundamental research, and market intelligence.  Building upon SIG's command of the options marketplace and its quantitative trading capabilities, SFG has cultivated a robust service offering that provides liquidity, industry-leading insights, and execution services.  SIG employs approximately 1,500 individuals located in North America, Europe, Asia, and Australia.

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SOURCE Susquehanna Financial Group, LLLP