NEW YORK--(EON: Enhanced Online News)--Brownstone Investment Group (“Brownstone”), a leading fixed income investment firm, today announced a strategic expansion of its municipal trading and electronic market making units with the hiring of Matthew Martines as Managing Director. Mr. Martines joins Paul Sitarz, a seasoned muni expert with more than 30 years of experience, who came to Brownstone last year to launch its municipal bond business. Brownstone trader Josh Rosenblum, rounds out the muni team.
“Brownstone has an impressive track record and a top-notch reputation on the street for service, integrity, and commitment to advanced technology”
Martines comes to Brownstone from Morgan Stanley, where he spent more than 15 years in various leadership roles within fixed income trading and electronic market making. “Brownstone has an impressive track record and a top-notch reputation on the street for service, integrity, and commitment to advanced technology,” said Martines. “It’s an exciting time to join the firm and I’m looking forward to being part of the team.”
Brownstone Managing Director Paul Sitarz added, “We launched Brownstone’s municipal bond division last year and it’s thriving. I am excited about the firm’s increased commitment to enhancing our presence in municipals.”
“Brownstone is celebrating our 15th Anniversary by continuing our strategic expansion into municipal bonds. Last month we opened a San Francisco office to serve the west coast market,” said Douglas Lowey, Brownstone President & CEO. “By bringing on Matt to enhance our services to our dealer customers, while our institutional team continues to grow its business, Brownstone will be able to offer an unparalleled level of service within the municipal field and across other asset classes.”
Brownstone’s trading division specializes in high yield, investment grade, emerging markets, distressed corporate, and municipal fixed income securities. The firm actively trades with a broad customer base, including hundreds of broker-dealers, banks, institutions, and registered investment advisors.
About Brownstone Investment Group LLC
Brownstone Investment Group LLC ("Brownstone") is a dynamic fixed income investment firm, with a team of experienced professionals whose reputation for integrity and commitment to advanced technology has positioned Brownstone as a leader within the fixed- income market. The firm’s trading division makes live and executable markets and principal investments in a broad array of fixed income securities, and actively trades with hundreds of registered broker-dealers, banks, institutions and RIAs throughout the domestic US, western Europe and Latin America. Brownstone’s asset management group manages investors’ fixed income assets. Founded in 1998, Brownstone is based in New York with offices in Locust Valley and San Francisco. www.brownstone.com