PFM Trading Expanding Equity Sales Operations
PFM Trading has announced that it is to begin expansion of its equity sales operations.
- (1888PressRelease) June 11, 2014 - Following the recent announcement concerning the planned opening of a Hong Kong satellite office, China-based broker-dealer, PFM Trading, Inc., www.PFMTrading.com, has revealed a plan to more than double the size of its equity sales operations in the region from 40 to 85.
The firm says it is about to commence an ambitious recruitment campaign that it says will more than double the size of its existing mainland operations by the end of the third quarter of 2014. The new additions will all be based at the new Hong Kong offices which are set to open by September 2014.
"This expansion will contribute to our drive to become the leading technology and e-commerce IPO broker-dealer in the Asia-Pacific region," said Edward Gold, newly-appointed vice-President at PFM Trading.
The expanded sales operation will be targeted to effect a 50% increase in equity placements within its first year according to Mr Gold who joined the firm after a long and illustrious career as a celebrated deal-maker on Wall Street.
"Ordinarily, a target this ambitious might represent a tough challenge if the sales operation was based in, say, New York or London owing to the sheer scale of the competition already based there but Edward's experience and extensive network of market contacts will almost certainly see us establish a significant foothold in Hong Kong's technology IPO market by Q3 2015," said Warren Odey, Chief Executive Officer at PFM Trading.
The company says that it intends to instruct the search and selection providers it engages to focus their efforts within the ranks of the established market makers in the main financial centers.
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