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Shaking hands

BTIG hires leading UK trader to expand European operations

BTIG, a financial services firm specialising in institutional trading and related brokerage services, has hired Eddie Benson to help run its expanding European operations.

Benson, who most recently traded for clients at Deutsche Bank, will serve as managing director and BTIG's head of European sales trading, a newly-created position.

"Hiring Eddie represents a major coup for BTIG," says Matthew Cyzer, president and head of European equities. "Having worked alongside him at Deutsche Bank for many years, I consider him to be, quite simply, the best in the business. His experience, enthusiasm and deep client relationships are unmatched and will be hugely beneficial as we continue to expand our European business."

Benson comes to BTIG with three decades of experience as a London-based trader. Starting out at Rowe and Pitman in 1981, he quickly established himself as one of the youngest members of the London Stock Exchange. After SG Warburg merged with Rowe and Pitman, Benson ran the firm's option floor broking business from 1986 to 1990 and later ran Warburg's European Equity sales trading desk.

Benson joined Deutsche Bank in 1996 to help build its European equity platform, and until 2005, ran Deutsche's international sales trading team, which at the time was the largest franchise in Europe by revenue. At its peak, Benson had a staff of roughly 200 traders and sales people reporting to him.

After 2006, Benson focused on pure client coverage for Deutsche, and became one of the largest revenue-producing sales traders in Europe.

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