Digital Assets Report

Newsletter

Like this article?

Sign up to our free newsletter

JonesTrading names Andrew Tuthill capital markets group head

Related Topics

JonesTrading Institutional Services, an agency brokerage which provides institutions with block trading in securities, has appointed Andrew Tuthill as managing director and head of its capital markets group and a member of the executive committee.

JonesTrading Capital Markets provides liquidity to the corporate and private equity communities and is in part a response to the increased demand by institutions for an unconflicted agency model in secondary offerings.

Tuthill brings 17 years of experience in investment banking, trading and equity capital markets to the position.

Most recently he was managing director – head of special situations for the equity capital markets group at Thomas Weisel Partners. He previously served as managing director with the equity capital markets team at UBS Investment Bank. He also held a senior position at JP Morgan.

Tuthill will report to Packy Jones (pictured), chairman and chief executive of JonesTrading, and will be based in San Francisco.

Jones says: “JonesTrading’s success is contingent on bringing our clients the liquidity they need. We have a deep bench of experts in each of our groups who apply the JonesTrading model to the products we offer our clients. Andrew Tuthill will build and expand on the success we have already established for the capital markets. Andrew brings the expertise and experience that our clients have come to expect from JonesTrading.”

Tuthill adds: “Institutions seek to add value to their businesses and our ability to deliver a capital markets product fills that need. The JonesTrading approach to capital markets offers clients an efficient and cost-effective alternative to the traditional model for secondary offerings. I expect clients will continue to seek alternatives that allow them to raise capital at advantageous prices. JonesTrading’s capital markets group is designed, because of its ability to access liquidity on an agency basis, to bring clients that alternative, and I look forward to helping JonesTrading build this important part of their franchise.”

Like this article? Sign up to our free newsletter

FEATURED

MOST RECENT

FURTHER READING