LONDON, UNITED KINGDOM--(Marketwire - Nov. 12, 2012) - KNG Securities LLP ('KNG'), the independent fixed income specialist, today announces the appointment of Andrea Podesta as Managing Partner and Head of Fixed Income. Andrea will play a key role in the firm's wider growth strategy and form part of KNG's Executive Committee alongside co-founders Arup Ganguly and Nick Nugent.
Andrea joins from Bank of America Merrill Lynch ('BAML') having held several senior positions at the firm since joining in 2005. He was Managing Director and Head of Southern Europe Fixed Income Sales, having previously built and headed the EMEA Debt Wholesale Distribution team.
Andrea's move to KNG highlights the continued migration of experienced executives from bulge bracket firms to smaller, boutique platforms.
Established in 2003, KNG is an independent fixed income specialist, dealing in a range of products across fixed income, convertible bond and debt capital markets. The firm combines the international experience of its principals with a personal, unbiased and client-focused approach to provide a first class service to its institutional client base.
Nick Nugent, founding Partner at KNG Securities, commented:
"We are delighted that Andrea is joining KNG. His expertise and market profile will strengthen our business at a very important stage in our growth strategy. We have ambitions to significantly grow both our product offering and geographic foot print, and Andrea will play a key role in helping us achieve this. KNG has been hiring aggressively since the beginning of the year and we plan to continue to add headcount into 2013."
Andrea Podesta, KNG's Managing Partner and Head of Fixed Income, added:
"I'm proud to join KNG at such an exciting time in the company's growth. The securities brokerage industry is evolving and our independence and cross-regional approach, combined with the right talent and critical mass, ensures we are well placed to serve our clients' needs, now and in the future."
Arup Ganguly, founding Partner at KNG Securities said:
"We believe that there is a seismic shift in the industry towards smaller platforms as a result of the events that have characterised the financial markets over the last four years. Industry professionals want a return to a non-conflicted, nimbler and most importantly customer focused service, which is sometimes difficult to achieve in a larger business."
About KNG Securities
KNG Securities LLP (KNG) is an independent fixed income specialist, dealing in a range of products across fixed income, convertible bond and debt capital markets. Established in 2003, KNG combines the international experience of its principals with a personal, unbiased and client-focused approach to provide a first class service to its institutional client base. Headquartered in London, KNG employs a unique cross-regional model to generate liquidity in mixed market conditions, especially for less liquid assets. For more information visit www.kngsecurities.com.