Broker Compensation Not as Advertised at Wirehouses: Part 2
Sanctuary’s Spears reveals what’s really happening with those 350% recruiting payments.
Former BofA Exec Markets New Prime Brokerage Offerings
NEW YORK (HedgeWorld.com)--Steve Vermut, former president and chief executive for Banc of America's prime brokerage business, is launching his own prime brokerage and performance-reporting business, Merlin Securities, targeted to hedge funds. In launching his new business, Mr. Vermut will rely on his extensive experience in the hedge fund industry. Mr....
BofA's Vermut Resigns, Prime Brokerage Regroups
NEW YORK (HedgeWorld.com)--Stephan P. Vermut has resigned after eight years of leading the prime brokerage effort at Banc of America as president and chief executive. Mr....