BTIG LLC, a New York institutional broker dealer specializing in equity trading and related brokerage services, is launching a fixed income group led by former UBS and Citigroup executives, as well as a new team to expand into mortgage- and asset-backed securities trading. The company said it has hired Jon Bass and John Purcell as co-heads of global fixed income. Mr. Bass most recently was head of fixed income client management at UBS Investment Bank and Mr. Purcell most recently was head of global fixed income syndicates and North America capital markets at Citigroup.
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