Broadpoint Gleacher Securities Group, Inc. · New York, NY United States ·(NASDAQ (GM): BPSG)
Company Description
View Broadpoint Gleacher Securities Group, Inc. Locations On A US Map
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This link will open in a new window Broadpoint Gleacher Securities Group (formerly Broadpoint Securities and before that, First Albany Companies) provides investment banking, debt capital markets services, and equity research to institutional clients in the US and Europe. Subsidiary Broadpoint DESCAP sells and trades mortgage-related and asset-backed securities. FA Technology Ventures provides venture capital to high-tech US firms. In 2009 Broadpoint Securities acquired
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Key Broadpoint Gleacher Securities Group, Inc. Financials
| Company Type | Public - NASDAQ (GM): BPSG Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $134.3 |
| 2008 Employees | 255 |
Broadpoint Gleacher Securities Group, Inc. Executives
49 executives listed for Broadpoint Gleacher Securities Group, Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Lee Fensterstock | Network |
| President, COO, and Director | Peter McNierney | Network |
| CFO | Robert Turner | Network |
Competition
Competitive Landscape for Broadpoint Gleacher Securities Group, Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Broadpoint Gleacher Securities Group, Inc. Competitors
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