KBC’s Murphy jumps to Inderdealer broker
KBC AIM Executive Vice President, Brian Murphy, joins Phoenix Partners Group
2008.07.14 : New York – Brian Murphy joins the New York office of Phoenix Partners Group, the inter-dealer broker specialising in OTC derivatives and related securities in New York and London (www.phoenixpartnersgroup.com) where he will be broking High Yield CDS.
Murphy joined KBC Financial Products in 2000 initially trading equity options before becoming a CDS market-maker in 2003 and subsequently moving to the prop desk (which was moved in to KBC AIM) in 2005 to run the US credit book.
Nick Stephan, CEO, Phoenix Partners Group: commented, “We are continuing to attract premier level brokers from both client side and the broader broking community. Brian will add further strength to our existing High Yield desk furthering its position in the market.”
Phoenix Partners Group launched in New York in August 2005. In under a year the company established itself among the top three CDS brokers in North America. Phoenix’s London office was launched in October 2006 and has experienced a similar rapid growth. Phoenix’s success can be attributed to its culture of developing highly motivated professional brokers empowered with cutting edge technology. Phoenix offers its clients a click based trading platform, as well as a hybrid trading solution, both coupled with Straight Through Processing.