Broadpoint Capital hires Stephens, Weilep in investment-grade sales

By Devika Patel

Knoxville, Tenn., Sept. 22 - Broadpoint Capital, Inc. said it has named Clay Stephens as a managing director and Roger Weilep as a vice president in investment-grade sales department of its debt capital markets division.

The pair will report to Richard Crescenzo and Douglas Scales, co-heads of the department.

Stephens is a 20 year veteran of Bear Stearns, where he ultimately worked as a senior managing director. He has sold all products across the fixed income spectrum, including investment grades, high yields, credit derivatives, commercial mortgage-backed securities, collateralized debt obligations and secured private placements.

Weilep most recently spent 11 years at Deutsche Bank Securities, where he was a director in the integrated credit sales department. Prior to his experience at Deutsche Bank Securities, Weilep was a vice president of global market sales at Lehman Brothers, where he specialized in corporate bond sales.

"We are delighted to continue to expand our debt capital markets division with the addition of Clay and Roger, two outstanding senior professionals," Broadpoint chairman and chief executive officer Lee Fensterstock said in a press release.

The firm is a broker-dealer subsidiary of Broadpoint Securities Group, Inc., an independent investment bank that serves the institutional market and corporate middle market.

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