Susquehanna Financial Group Hires John Backus, Joseph Cary and Stuart Marra to Continue Cash Sales Trading Expansion

NEW YORK, March 12 /PRNewswire/ -- Susquehanna Financial Group, LLLP (SFG), the institutional broker-dealer member of the Susquehanna International Group of Companies (SIG), announced today its hiring of John Backus, Joseph Cary and Stuart Marra to expand its New York cash sales trading effort.

"We are very excited about the addition of John, Joe and Stu to our team," stated Charlie Sweeney, SFG's Head of Cash Trading and Sales Trading. "Combined, these gentlemen have more than thirty years of industry experience in servicing clients and adding value at the point of execution. Delivering the unique resources of our firm continues to be our top priority and the hiring of these gentlemen further enhances our ability to do so."

Mr. Backus was most recently employed by Friedman Billings and Ramsey, where he was a top producing sales trader as well as a partner and senior managing director. Earlier in his career, Mr. Backus was a senior sales trader for both Bank of America and Putnam Lovell. Mr. Backus started his career at Citigroup and was a top producer in middle markets when he left the firm. Mr. Backus earned a BA in Business from the University of Connecticut.

Mr. Cary joins SFG from Citigroup, where he was a top producer in its cash business. Prior to Citigroup, Mr. Cary was a senior sales trader for both Bear Stearns and J.P. Morgan. Mr. Cary earned his BA in Business from Seton Hall University.

Mr. Marra has ten years of financial services industry experience, most recently as a director and North American head of special situations for Deutsche Bank. Previously, Mr. Marra was a vice president with Merrill Lynch and worked on the risk arb desk. Mr. Marra graduated from Gettysburg College with a degree in Business Management and a concentration in Computer Science.

"The continued addition of talented people like John, Joe and Stu plays a large part in driving our forward opportunity," stated Cory Carlesimo, SFG's Head of Cash Equities. "Over the last seven months we have made great progress in hiring top financial services professionals to support the build out of our best-in-class product offering. We are thrilled to have them."

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. For additional information, please visit www.sig.com.

SOURCE Susquehanna Financial Group, LLLP

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