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Bonds.com launches structured products offering, appoints Mark Kolodzinski director
By Angela McDaniels
Tacoma, Wash., July 24 - Bonds.com, Inc. said it appointed Mark Kolodzinski as director of structured products. He will be responsible for launching the structured products offering covering all asset classes.
The company said the addition of equity, commodity, currency and rate-based structured notes will enhance BondStation, the fixed-income platform Bonds.com designed to provide liquidity and competitive pricing to the over-the-counter fixed-income marketplace.
Kolodzinski joins Bonds.com from Countrywide Securities Corp. where, as director of dealer sales, he was responsible for the structuring, marketing and distribution of retail structured products to broker-dealers, according to a company news release.
Industry-wide sales of structured notes has grown by 395% to $114 billion in 2007 from $23 billion in 2003, Bonds.com noted, quoting www.structuredproducts.org.
"We anticipate that the addition of [Kolodzinski], coupled with the recent release of our private label platform, to not only immediately enhance our position in the fixed income trading marketplace but also to have an immediate impact on the company's bottom line and assist the company in meeting its current projected revenue targets for calendar years 2008 and 2009 of approximately $1 million and $10 million, respectively," John J. Barry IV, chief executive officer of parent company Bonds.com Group, Inc., said in the release.
Bonds.com Group is based in Boca Raton, Fla., and provides an online trading platform to institutional and individual fixed-income investors through subsidiary Bonds.com.
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