Wunderlich Securities brought on three traders as part of a mass hiring from the now defunct equity capital markets group at Signal Hill Capital Group.
Baltimore-based boutique Signal Hill announced it was abandoning its sales and trading efforts to focus on banking. Of the jettisoned ECM team, 14 salespeople, traders and analysts went over to Wunderlich.
The Memphis-based Wunderlich already operated an ECM group in Baltimore. The merged group will now include 16 analysts, 20 research salespeople, and 10 traders and sales traders.
The traders include Erik Briggs, Dan Muhly, and Philip Renner, CMT. Briggs has more than 10 years of industry experience in sales and trading. He was with Signal Hill from 2008. He was also a vice president in sales trading at Ferris, Baker Watts (acquired by RBC Wealth Management in 2008.) He began his career at Deutsche Bank Alex. Brown in New York.
Mulhy has more than 19 years of investment and trading experience. Besides Signal Hill, he also worked for Merrill Lynch. Muhly has traded equities since 1992 in both a principal trading and sales trading role.
Renner, a chartered market technician, has over 18 years of industry experience, serving the last 10 years as a Nasdaq market maker. Besides Signal Hill, Renner worked at Legg Mason and Alex. Brown & Sons, as well as its successors BT Alex. Brown and DB Alex. Brown. He has specialized in trading internet and insurance stocks.
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