BTIG, a financial services firm specialising in institutional trading and related brokerage services, has secured a strategic investment from CLSA.
BTIG and its global affiliates will continue to operate as fully independent organisations.
CLSA, an Asian independent brokerage and investment group, is based in Hong Kong and has offices around the globe.
“We are excited by CLSA’s investment,” says Steve Starker, co-founder of BTIG. “CLSA shares our commitment to providing institutional clients with superior services.”
In the last decade, BTIG has grown from four individuals in a single office to over 450 professionals worldwide working in nine US offices and four international locations. BTIG’s core equity and options trading divisions have doubled in size over the past three years. In the past 12 months, BTIG’s global expansion has included the addition of more than 75 professionals across the firm.
“We are fortunate to have the support of an innovative industry leader like CLSA,” says Scott Kovalik, co-founder and CEO of BTIG. “The investment by CLSA will help us pursue continued growth in our core businesses and help us expand into new areas.”