I.A. Englander Launches Independent Equity Research Product; Seth B. Novatt Appointed as Executive Vice President to Oversee New Division.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 20, 2004 I.A. Englander & Co., a premier equity and derivatives brokerage firm, has launched Englander Research to provide independent research services for institutions and hedge funds. Seth B. Novatt, formerly Managing Director of CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , was appointed Executive Vice President of the new division. Englander Research will provide fundamental equity and industry analysis. Launched at a time when most firms are reducing research offerings, Englander Research will highlight investment themes across several industries, and will seek to identify both long and short opportunities. By focusing on under-covered companies, Englander Research will seek to highlight significant opportunities for investors looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. inefficiencies in the market. Englander Research believes that these investment opportunities exist across the market-capitalization spectrum. As head of Englander Research, Mr. Novatt brings to the firm over 20 years of experience managing and building sales, marketing and administrative operations for institutional, middle market and private client channels. Prior to his tenure at CIBC World Markets, Mr. Novatt spent 15 years at Oppenheimer & Co., holding executive level positions in the firm's institutional and private client divisions. He received a BA from Clark University and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Columbia University. "For over 25 years, I.A. Englander has been committed to offering institutional investors and hedge funds outstanding execution and market insight," said Stephen R. Tobias, President of I.A. Englander. "The addition of independent research to our suite of services will significantly expand our clients' access to new investment opportunities and trading strategies." Peter Feinberg, Executive Vice President of I.A. Englander, said, "I had the opportunity to work alongside Seth for 15 years at CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company Oppenheimer; we are very pleased to welcome him to the team at Englander. Seth's considerable experience serving institutional investors and hedge funds will be invaluable as we launch Englander Research." "I.A. Englander has a rich history serving the equities and derivatives markets," Mr. Novatt added. "Our intention is that Englander Research will provide creative, unbiased, conflict-free analysis, which will leverage our core capabilities. I'm excited to work with such a dedicated team." About I.A. Englander I.A. Englander was formed as a partnership in 1977 between Israel A. Englander and Stephen R. Tobias. I.A. Englander offers full service floor brokerage execution as well as an off-floor structured products desk. The firm became a member of the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX AMEX See: American Stock Exchange ) in 1977, then expanded westward in 1995 to the Chicago Board Options Exchange Chicago Board Options Exchange (CBOE) A securities exchange created in the early 1970s for the public trading of standardized option contracts. Primary place for the trading of stock options, foreign currency options, and index options (S&P 100, 500, and OTC 250 index) and the Pacific Stock Exchange, and was one of the first independent brokers on the all-electronic International Securities Exchange. A staff of sales traders, floor brokers and operational support team executes transactions in exchange listed equity and index options, exchange traded funds Exchange Traded Funds (ETF) Also known as ETF. A basket of stocks similar to an index mutual fund. However, there are a number of important differences between ETFs and mutual funds. , FLEX options FLEX Options Exchange traded equity or index options, where the investor can specify within certain limits, the terms of the options, such as exercise price Expiration date, exercise type, and settlement calculation. and listed structured equity derivative products, and AMEX listed securities. Headquartered in New York, the firm also has offices in San Francisco and Chicago. More information on I.A. Englander can be found on their website, www.ienglander.com. |
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