Pali Capital Launches High-Yield Initiative
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NEW YORK, June 20 /PRNewswire/ -- Pali Capital, Inc., the US broker-dealer subsidiary of Pali Holdings, Inc., today announced that it has launched a high-yield desk in New York to complement its growing offerings in research and trading execution.
Mr. Charles ("Chuck") Howard will head the desk as Managing Director, Head of High-Yield Fixed Income, responsible for overseeing and growing the high-yield team. A veteran in the high-yield arena, Mr. Howard, has also recruited Directors Luke Lawrence and David Duong, as well as Erica Pak, an associate.
"The strategic addition of a high-yield team allows us to provide our value-added services to our clients across the capital structure," said Mr. Brad Reifler, Chairman and Chief Executive Officer. "Chuck's hands-on experience in both launching and building a high-yield desk will be vital, and we anticipate his team will provide meaningful impact to our business in the near future."
"I am very excited to lead the high-yield effort for Pali Capital. The timing for expansion into high-yield/distressed is ideal given the extreme volatility and dislocation in the current market," said Mr. Howard. "Pali's established stock, options, emerging markets, and structured finance businesses should provide for significant synergies with high-yield from a resource and client standpoint."
Mr. Howard was most recently a Managing Director and Head of the High-Yield Fixed Income Sales and Trading Group at RBC Capital Markets. Prior to joining RBC, Mr. Howard worked at First Union Capital Markets in Charlotte, N.C., in various senior roles starting in research and ending as a Director of High-Yield Trading. Mr. Howard began his finance career as a fixed income research analyst at WR Huff Asset Management in Morristown, NJ. He received his Bachelors degree from the University of North Carolina in Charlotte, and his Masters degree from Monmouth University. He holds his Series 7, 24, 55 and 63 licenses, and has completed CFA Level I &II.
About Pali
Pali is an independent, global, full-service institutional securities firm and investment bank that has served leading hedge funds and money managers since 1995. Headquartered in New York, with offices in London, Singapore, Boston and Minneapolis, Pali provides clients with institutional brokerage, capital markets services and structured finance and corporate finance advisory services. Please visit http://www.palicapital.com for more information.
SOURCE Pali Capital, Inc.
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