Maxim Group has named four industry veterans to assist the New York-based investment banking firm as it builds out its institutional sales and trading group.
In an announcement today, the firm tapped Colin Hill and Brad Tobin to be new VPs of institutional sales and Chip Curtis as a VP of institutional sales trading. Additionally, Eliecer Palacios joins the institutional sales division as an energy sector specialist, the Aug. 4 press release said.
Roughly two-months earlier, Maxim Group named James Barker as a new managing director and head of institutional sales and sales trading. At the time of the appointment, Baker was said to be a “major factor in the continued growth” of the business, Maxim President and Head of Capital Markets Christopher Fiore said previously.
Evidence of this growth can be seen with Maxim’s most recent hires and investment skills that they will bring to the table. For instance, Hill, a 16-year veteran, was most recently a managing director at Collins Stewart and Tobin was an institutional equity salesperson at Brean Murray, Carret & Company for roughly four-years.
Alternately, Curtis joins Maxim after previously holding sales trading posts at Concept Capital and Fulcrum Global Partners. And Palacios most recently served as an energy analyst at Carrelton Asset Management, the statement said.
In his comments today, Barker said that the sales and trading additions “bring a wealth of experience, strong client relationships and a solid work ethic that will support [Maxim’s] continued growth.”
To add, Barker explained that Palacios’ new responsibilities in assisting in the generation of oil and gas space investment ideas make him a valuable asset.
“Energy is an important investment vertical for Maxim Group and having a professional with Eliecer's experience will help reinforce our capabilities in this key segment,” Barker said.
Presently, the investment boutique provides private wealth management, global institutional equity and research, fixed-income and derivatives sales offerings to its clients. Maxim maintains more than $2.5 billion in assets, the announcement said.