NEW YORK–(BUSINESS WIRE)–Seaport Global Securities LLC (“Seaport Global”), a full-service investment bank, announced significant changes to the structure of the Equity business in Q4 2019 and anticipates further adaptations in 2020.
Michael Meagher, CEO, said, “While we have reduced the size of our Equity Sales, Trading and Research teams, we retain a strong Equity Sales and Trading execution desk, led by Scott Lynch, as well as robust European Equities and Event Driven teams. Moreover, we continue to provide Equity Research coverage including Chemicals and Coatings, Cannabis and Ingredients, Paper and Forest Products, Homebuilders, Timber REITs, Diversified Industrials, Flow Control, Midstream MLP’s and Infrastructure.”
“In addition to these capabilities, our focus is on the growth of options, risk arbitrage and event driven in order to create added value for our institutional clients,” Meagher affirmed.
Seaport Global’s Equity Derivatives group, run by industry veterans Adam Templeton, Ryan Sylvester and Andrew Kramer is comprised of more than 10 investment professionals. The Derivatives strategy group continues to thrive under the Seaport umbrella.
Michael Meyer, Head of Global Sales and Trading, provided further insight, “Options analytics and execution is a product independent of traditional equity research and presents significant potential for growth and profitability. The key to Seaport’s success is our ability to maintain flexibility and anticipate marketplace fluctuations in order to meet our clients’ evolving needs. We recognize a change in the traditional way equity research is delivered and are working toward taking advantage of that opportunity.”
Meyer expanded, “Our goal at Seaport is to take advantage of the rapidly changing landscape in the traditional equity sales and trading models. Given the significant downsizing that continues to occur in that segment of the equity industry, Seaport’s goal is to position itself proactively to be prepared for the opportunities that will arise.”
Seaport Global is evaluating a new, independent research platform, intended to bring members of Seaport Global’s existing Equity Research team together with external analysts. Ultimately, the platform will offer a broader range of research coverage and expanded product offering to buy-side and corporate clients. In addition to the exceptional coverage provided by Seaport Global’s Credit analyst team, the firm looks forward to expanded coverage and continued growth.
About Seaport Global
Seaport Global Securities LLC is a full-service investment bank that offers investment banking, capital markets, financial advisory, sales, trading and research services. Headquartered in New York with offices across the US and in Europe, Seaport Global pairs its extensive knowledge and relationships with a large platform of equity and fixed income sales, trading and research. The firm’s forward-thinking practitioners, backed by decades of experience, focus on meeting clients’ goals in all business and economic cycles. Visit www.seaportglobal.com to learn more.