R.W. Pressprich Continues to Build Fixed Income Credit Team

NEW YORK--(BUSINESS WIRE)-- R.W. Pressprich & Co., a New York-based institutional broker dealer, announced today the addition of two senior professionals to its team as it continues its expansion.

Robert “Bobby” Cummings has been named Managing Director in Credit Sales. He is a 28-year industry veteran with a strong reputation within Corporate Credit markets. Most recently, he served as Managing Director and Head of U.S. Fixed Income distribution at CIBC World Markets. He was also a Co-Founding Principal of global markets boutique StormHarbour Partners and a Citigroup Managing Director and Global Head of Investment Grade sales, trading and research as well as European Head of all Credit product distribution.

“R.W. Pressprich has a 25-year track record in up and down market environments bringing value to clients. It has a meaningful product offering that is relevant and client centric and I’m looking forward to helping the team drive that business even further in what continues to be a challenging market climate for investors,” said Cummings.

John Finnegan, a senior salesperson in credit sales, has also joined the R.W. Pressprich team as Managing Director. Finnegan is another long time industry veteran with 25+ years experience. He worked most recently at Sterne Agee after a long tenure at UBS.

“The addition of Bobby and John to our team underscores our continued commitment to adding experienced talent while continuing to provide our clients with invaluable resources. These hires follow our expansion in high yield back in May when Chuck Howard was brought on board as Co-Head of High Yield/Distress trading. At this juncture, the timing is right for us to continue our expansion and we continue to see talented, experienced individuals in both High Grade and High Yield. We expect to further expand our team in the near term,” said Joseph Calvo, President & Chief Operating Officer of R.W. Pressprich & Co.

About R.W. Pressprich & Co.

R.W. Pressprich & Co. is an institutional broker/dealer established in 1909 and headquartered in New York City. The firm is a research-oriented broker/dealer and FINRA member firm with branch offices in Boston, Chicago, and Minneapolis. It is a private partnership employing over 100 people. For information, please visit www.pressprich.com or call 800-627-4091.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150909005037/en/

For R.W. Pressprich & Co.
Charlotte Luer, 239-404-6785

Source: R.W. Pressprich & Co.

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