BTIG hires Allen Hassan as preferred products managing director

By Melissa Kory

Cleveland, April 4 - BTIG LLC announced it hired Allen Hassan as managing director on the preferred products desk.

"We have seen increased flows in the preferred market across our diverse client base as investors continue to seek higher yields," Robert Langer, head of the high-yield and distressed desk, said in a news release. "Allen brings a unique level of experience in the preferred markets and will be instrumental in BTIG's growth in this area."

Hassan joins BTIG from Jefferies & Co. where he started the preferred desk in 2003. Prior to that, he was with Prudential Securities and in fixed income and equity sales at Lehman Brothers.

BTIG is a New York-based institutional brokerage and fund services company.

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