NEW YORK--(BUSINESS WIRE)--Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced that Ken Savio will join as a Senior Managing Director and Head of Macquarie Securities in the United States, effective May 16, 2011.
Mr. Savio will have management responsibilities across Macquarie’s US equities, trading, sales trading, research and derivatives efforts and will work closely with Macquarie’s management team to help further drive Macquarie’s growth in the region.
With a career history in equities, Mr. Savio brings more than twenty years of experience in building and managing successful equities businesses. He joins after a lengthy career at Bear Stearns in New York, where he held a number of senior management positions, including Global Head of Trading and Sales Trading, and Global Head of Convertible Securities. Most recently, he was Head of Global Equities at Cantor Fitzgerald.
“Ken’s appointment follows the very successful growth and operational build out of our US equities platform since the beginning of 2008. Over the past year, we completed 33 ECM deals in the US, of which 11 were bookrun by Macquarie1. Having someone of Ken’s caliber – particularly his experience in growing a franchise across a range of product lines – makes him ideally placed to drive further Macquarie's forward momentum in the US,” said Stevan Vrcelj, Group Head of Macquarie Securities.
Based in New York, Mr. Savio will have reporting lines to Mr. Vrcelj, Todd Steinberg, Global Head of Derivatives Delta One, and Tim Bishop, President and CEO of Macquarie Capital (USA).