NEW YORK, Sept. 14 /PRNewswire/ -- TMC (TheMuniCenter) — a leading fixed income marketplace — formally announced today recent key senior executive hires including:
- Erik Almond—Director of Project Management
- Robert Fairbrother—Director of Broker/Dealer Sales
- Stuart Henderson—Chief Financial Officer
According to Thomas Vales, TMC's CEO — "I am thrilled to have Erik, Rob, and Stuart join TMC's senior management team. Their direct Alternative Trading System (ATS) expertise as well as deep knowledge of fixed income systems will help TMC to better manage its expanding business." "Over the past 18 months, TMC has seen accelerated growth in its Corporate Bond trading, Private Label Web Services, and Institutional Municipal businesses. Erik and Rob's extensive Street relationships will complement TMC's already strong bench of industry professionals to bring clients greater operating efficiencies and market performance."
At TMC, Mr. Almond's role will be to lead the firm's Enterprise Project Management & Product Development focus. Prior to TMC, Erik was a senior executive at Codestreet LLC — developing fixed income sales and trading tools. The majority of his professional career was with BondDesk Group LLC as a Managing Director, where he was responsible for Account Management/Sales and various product development initiatives. Other directly related experience included his role as Vice President for eCommerce Fixed Income Trading at Morgan Stanley's Retail division. Mr. Almond received his BA-Economics (Boston University) and MBA-Finance (Boston College). He holds Series 7, 24, 63, and 65 FINRA licenses.
Mr. Robert Fairbrother has joined TMC as Director-Broker/Dealer Sales. At TMC, Rob will focus on expanding TMC's market share for executions across all taxable and tax-exempt asset classes. He will also work on enterprise-level private label engagements. Most recently, Mr. Fairbrother was VP & Head of Sales for SunGard's Valdi group (formerly known as BondOne). Prior to BondOne, he managed the Sales team for Knight BondPoint. Earlier in his career, Mr. Fairbrother had a sixteen-year tenure at various Thomson Reuters' companies with a specialization in fixed income market data and desktop solutions. Mr. Fairbrother received his BA-Management (Fairleigh Dickinson University) and holds Series 7, 24, 53, and 63 FINRA licenses.
At the beginning of 2010, TMC hired Stuart Henderson as its Chief Financial Officer. Prior to joining TMC, Mr. Henderson was Chief Operating Officer of Libertas Holdings — before its acquisition by Knight Capital Group. Earlier in his career, Mr. Henderson held a number of executive roles including Chief Financial Officer (Utendahl Capital Partners), Senior Manager Operations Risk & Control (Banc of America Securities), VP & Audit Manager (Wachovia Corporation), and VP-Regulatory & Financial Reporting (Nomura Securities). Mr. Henderson is also a graduate of Fairleigh Dickinson University (BS-Finance) and holds the Series 27 FINRA license.
About TMC
TMC is a leading fixed income marketplace that recently celebrated its 10 year anniversary. Based on the most recent MSRB statistics(1), TMC is responsible for 20% of all inter-dealer municipal transactions. Beyond Municipals, the firm offers extensive Taxable inventory including Agencies, Build America Bonds, CDs, CMOs, Corporates, MTNs, Structured Products, and Treasuries. TMC is majority owned by Bank of America Merrill Lynch, Citi Global Markets and Morgan Stanley. For more information on TMC, please visit our website at www.tmcbonds.com.
(1) Monthly data from July and August 2010
SOURCE TheMuniCenter
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