Fixed-Income Veteran Joins Legend Merchant Group.Kurt P. Modarelli to Head New Corporate Asset Management Practice NEW YORK -- Kurt Modarelli, formerly Senior Vice President at Cantor Fitzgerald & Co., has joined Legend Merchant Group (LMG LMG Light Machine Gun LMG Laurence M. Gould (Antarctic Research Support Vessel, USAP) LMG Local Marketing Group LMG Loaf's Merry Guild LMG Laboratory Molecular Genetics LMG Liquid Methane Gas ) as Managing Director-Head of Fixed Income and will lead LMG's Global Corporate Asset Management Group. "As public companies acquire more and more cash, they must develop increasingly sophisticated strategies to optimize their portfolios. Kurt is well-known for his ability to develop and implement successful strategies based on the unique board mandates and requirements of each client," said David W. "Chip" Unsworth, Jr., Co-Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LMG. "Legend is building a deep expertise in this large and growing market, much as we have done in the security sector with our Convergent Security Group," Mr. Unsworth added. "Demand for global corporate asset management is surging, notably in the biotech and pharmaceutical industries due to their unique net working capital challenges, known as 'burn rate'," said Mr. Modarelli, who has managed the assets of major corporations since 1994. "Further, I plan to capitalize on my success regarding the burgeoning need for sophisticated US $ fixed-income services among Chinese mid-tier banks, financial service institutions and notably, corporations," he stated. As an institutional fixed-income veteran of more than 16 years, Mr. Modarelli's expertise includes derivative product and treasury arbitrage. He has routinely traded with the proprietary desks of the world's largest institutions, including central banks. A product of the American Express International Bank Executive Training Program and the Bear Stearns Institutional Fixed Income Training Program, Mr. Modarelli was the West Coast Government Bond Specialist at Prudential Securities. He also served as President of Oculus oculus (Latin: “eye”) In architecture, any of several elements resembling an eye, such as a round or oval window or the round opening at the top of some domes (see Pantheon). Ventures LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a private venture capital firm focused on the biotech sector. Mr. Modarelli graduated from Vanderbilt University with a B.A. in Business Administration & English Literature and earned his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Tulane University's Freeman School of Business. He speaks fluent German and is currently learning Mandarin. He will work from LMG's San Francisco office. About Legend Merchant Group (LMG) LMG is a diversified investment bank based in New York with offices in San Francisco and Ft. Lauderdale, Florida. LMG is an NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Broker-Dealer; SEC-Registered Investment Advisor; and member of the National Futures Association National Futures Association (NFA) The futures industry self-regulatory organization established in 1982. , NYSE Arca and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . http://www.legendmerchant.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion