SOURCE: Wedge Partners

Wedge Partners

September 07, 2010 01:00 ET

Wedge Partners Adds Investment Banking and Grows Trading Operations

Addition of Investment Banking Group and Seasoned Traders Continue Growth

ENGLEWOOD, CO--(Marketwire - September 7, 2010) -  Wedge Securities, the broker dealer affiliate of Wedge Partners, today announced that it has expanded its service offerings to include Investment Banking and has added several veteran traders to its Sales and Trading group. John Calcagnini, an Investment Banking veteran with more than 20 years of experience, has been appointed Managing Director of Investment Banking reporting to Evan Morgan, Chief Executive Officer. Calcagnini has spent his career advising medical device, diagnostic and biotech companies and served as the Head of Medical Device Investment Banking at CIBC World Markets/Oppenheimer & Company and Financial West Group prior to joining Wedge Partners. Mr. Calcagnini's in-depth research-based knowledge of the medical device and biotech industries is expected to give Wedge Partners an edge in advising clients on equity financings and M&A Advisory assignments.

In addition to its expansion into Investment Banking services, Wedge Securities has been steadily growing its existing high performance Sales and Trading organization. Following the addition of Jim Deasy as Head of Trading in April, Wedge has expanded its sales and trading organization with the addition of industry veterans Steven Doherty, Tony Giovati, Ryan Smith and Justin Weil.

  • Steve Doherty brings nearly 20 years experience to Wedge Partners. After spending some time at Cantor Fitzgerald, Mr. Doherty worked for over a decade at Jefferies and Co., eventually becoming a Vice President and co-manager of the Telco/Media pad. In 2007, he moved to Pali International as Director of Sector Trading. Mr. Doherty received his BA in Business Management from Fairfield University in 1991.

  • Tony Giovati joins Wedge Partners with nearly 35 years of experience selling equity research products and trading large US and international equities. Mr. Giovati began his career with EF Hutton before moving on to trading and management roles with Merrill Lynch and later Prudential Securities. Most recently Mr. Giovati was Senior VP of Trading for Ticonderoga Securities.

  • Ryan Smith joins Wedge Partners as a senior equity sales trader. After graduating from Bucknell University in 1992, Mr. Smith worked on Wall Street for Lehman Brothers and Alliance Capital. Following five years in New York, Mr. Smith was a trader for Friess Associates in Greenville, Delaware and was also Managing Director of Equity Trading for Banc One Investment Advisors in Columbus, Ohio. Most recently, Mr. Smith was Senior Vice President of Trading for Kevin Dann Partners.

  • Justin Weil is a 17-year Wall Street veteran. He started his career in New York with Smith Barney in 1993. From 2001 through 2007, Mr. Weil was with Morgan Stanley in institutional sales where he covered middle market accounts. He moved to the buy-side in 2007 and has been a proprietary trader at both First New York and RBC/G-2 Trading. Mr. Weil graduated in 1993 with a Bachelor of Science in Management from the Freeman School of Business at Tulane University.

"In our efforts to continue to provide exceptional service to our clients, we are thrilled to continue the expansion of Wedge's offerings to include Investment Banking," said Evan Morgan, CEO of Wedge Partners. "The addition of John Calcagnini and the Investment Banking group marks a new phase of growth for Wedge Partners. Jim Deasy has done an exceptional job of building out Wedge's trading organization. Steve Doherty, Tony Giovati, Ryan Smith and Justin Weil are all highly skilled Wall Street veterans that will dramatically improve our ability to execute institutional investors' most sophisticated brokerage needs. We are extremely pleased to announce these additions to our team."

Wedge Partners is headquartered in Colorado with offices in New York, California, and Ohio, and also maintains a presence in Mainland China.

About Wedge Partners

Wedge Partners was founded in 2002 to provide institutional investors with insightful fundamental equity research based on bottoms-up analysis. Our analysts and researchers possess both years of experience in the equity markets, but also deep expertise in their areas of coverage. As a result, our customers rely on Wedge Partners to provide highly accurate and timely information in the areas of Technology, Media and Telecommunications. Through Wedge Asia, we provide institutional investors with "on the ground" research in China.

Wedge Securities, our FINRA registered broker-dealer affiliate, executes our clients' most sophisticated brokerage needs through many decades of experience in institutional sales and equity trading. Our sales and trading team delivers liquidity, execution and discretion to some of the largest and most demanding institutional investors in the world.

Wedge Partners Corporation is affiliated with Wedge Securities LLC. The officers and employees of Wedge Partners Corporation are agents of Wedge Securities LLC, a registered broker-dealer and a member of FINRA and SIPC.

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