John Costas, Michael Hutchins And Partners Establish The PrinceRidge Group LLC
John Costas (Chairman) and Michael Hutchins (CEO), together with founding partners Ahmed Alali, Colette Dow, Ronald Garner and Matthew Johnson, announced the creation of The PrinceRidge Group LLC, a new institutional client-oriented broker-dealer based in New York City.
“The experience of our management team as entrepreneurial business builders will serve us well. The high-quality talent that has joined our firm and is available in the market today will afford us the opportunity to achieve critical mass.”
The SEC-registered firm has approximately 50 professionals at 623 Fifth Avenue. As an institutional broker-dealer, PrinceRidge will initially be focused on serving clients across sales, trading and investment banking in the corporate and structured fixed income markets. PrinceRidge’s long-term goal is to grow into a full-service investment bank.
“The recent economic and market dislocations have created a unique opportunity to create a new investment bank geared toward meeting the needs of institutional clients,” said PrinceRidge Chairman John Costas. “That’s what the launch of PrinceRidge is all about. Our ambition is to be one of the new breed of investment banks that will no doubt populate the competitive landscape for the long term.”
Michael Hutchins, PrinceRidge CEO, said, “Initially we are offering structured products, corporate credit and investment banking services. Most importantly we are dedicated to providing our clients with high value added products and services as the means to achieving successful growth.”
Costas added: “The experience of our management team as entrepreneurial business builders will serve us well. The high-quality talent that has joined our firm and is available in the market today will afford us the opportunity to achieve critical mass.”
About The PrinceRidge Group
PrinceRidge is a financial services firm built upon extensive industry experience, professionalism and integrity. The firm is client-oriented, fixed-income focused and offers a variety of financial services to an institutional customer base. PrinceRidge is committed to employing the highest quality professionals with significant industry experience, deep product knowledge, integrity and entrepreneurial spirit. For more information about The PrinceRidge Group LLC please visit www.princeridge.com.
