Maxim Group LLC expands into prime brokerage 04 November 2010New York Reporter: Justin Lawson
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Maxim Group LLC, a leading full service investment banking, securities and wealth management firm, has announced the appointment of Steven Simmons as a Senior Vice President and head of Maxim's Prime Services division.
Mr. Simmons will be responsible for the development and implementation of Maxim's Prime Brokerage Program dedicated to emerging and growing hedge fund managers, with a key focus on capital introduction services. "Steve's vast experience in the small prime brokerage arena will compliment Maxim's efforts to provide cost effective solutions to our hedge fund clients," said Christopher J. Fiore, President of Maxim Group LLC.
Prior to joining Maxim Group, Mr. Simmons was the head of Prime Services Sales and Capital Introduction at Lighthouse Financial Group LLC. Previous to Lighthouse Financial, Mr. Simmons held a similar position at Terra Nova Financial. Mr. Simmons' prime brokerage programs have been the recipients of numerous awards. At Lighthouse Financial, his program received the award for Best Capital Introduction Program for Small Prime Brokers from Hedge Fund Manager Week Magazine. His program has also been a three-time recipient of Opal Financial Group's award for Best Broker for Emerging Managers. Mr. Simmons received a B.A. in International Relations from Colgate University.
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