Matthew DeSalvo has joined CRT Capital Group, an independent institutional broker-dealer, as chief operating officer. The firm is based in Stamford, Conn. Most recently, DeSalvo was head of Credit Suisse’s U.S. equity sales and trading unit.
CRT Capital Group LLC (“CRT”), an independent institutional broker-dealer based in Stamford, Connecticut, today announced that it has hired Matthew DeSalvo to serve as the firm’s Chief Operating Officer.
Mr. DeSalvo, who has over 25 years experience in the financial services industry, was most recently head of Credit Suisse’s top-ranked U.S. equity sales and trading unit. Before joining Credit Suisse, he spent over 20 years with Morgan Stanley in various senior sales and trading positions.
“Matt has had a long and successful career at top-tier financial institutions and we are very pleased to welcome him to CRT,” said Ron Kripalani, CRT’s Chief Executive Officer. “Matt brings with him not only a deep perspective on the markets, but also strong relationships with institutional customers that will benefit greatly from the broad array of products and services offered by CRT.”
Mr. DeSalvo stated, “I am pleased to be joining the team at CRT. The opportunity to become part of a growing firm that provides clients with first class service across Rates, Mortgages, Credit, Equities and Capital Markets was very appealing to me. As the marketplace continues to evolve, CRT is uniquely positioned to provide alpha-generating, cross-asset ideas and superior execution to its institutional customer base.”
“One of CRT’s competitive advantages lies in its ability to attract and retain industry- leading talent,” said Geoffrey Kalish of Aquiline Capital Partners, a New York-based private equity firm and principal investor in CRT. “Matt has impressive experience and industry knowledge and will be a strong addition to CRT’s management team.”
CRT, which was founded in 1989, continues to build a world class organization delivering unsurpassed research and trade execution services to its clients by attracting best in class talent for its sales, trading, technology and support functions.
About CRT Capital Group LLC
CRT provides security brokerage and research services to over 1,350 institutional accounts with established counterparty relationships around the world. The firm caters to asset managers, insurance companies, pension funds, hedge funds and investment firms. Formerly known as Credit Research and Trading LLC, CRT was founded in 1989 and is headquartered in Stamford, Connecticut.