KGS-Alpha Capital Markets added an investment grade corporate bond sales and trading team to its fixed income platform.
Steve DiTursi will head the new group. He will report to KGS-Alpha co-founders Levent Kahraman and Dan Goldman.
DiTursi brings over 25 years of experience in the fixed-income markets with senior roles at firms including JVB Financial Group and Morgan Keegan & Co. He joins KGS-Alpha from Stone and Youngberg, where he was head of fixed income.
Joseph Scellato, Joseph Breakstone, Reggie Funderburk, Matthew Dunn, Edward Fritz, and Bill Paine have also joined the bond sales and trading team and report to DiTursi.
Scellato joins KGS-Alpha as head corporate bond trader and brings more than 25 years of experience in corporate trading and was most recently with The Seaport Group, MF Global, and Jefferies. Breakstone provides 20 years of institutional experience and was previously with MF Global.
Funderburk joins the firm from dealer sales with Citibank and has over ten years of institutional fixed-income experience. Dunn joins the firm from Susquehanna International and Fritz joins the group from Morgan Stanley. Paine was previously at Wunderlich Securities and joins the corporate bond sales team to focus on client distribution.
“The corporate bond business is an important strategic addition to our highly successful MBS and Structured Products operations,” said KGS-Alpha President Dan Goldman. “The strong combination of our solid capital base and growing team of talented sales and trading professionals across the country puts KGS-Alpha in an exceptional position to deliver best-in-class products and services to our institutional clients.”