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Ladenburg Thalmann Financial creates strategy group, announces new hires
By Devika Patel
Knoxville, Tenn., Nov. 28 - Ladenburg Thalmann Financial Services Inc. said it has formed Ladenburg Alpha Strategy Group and hired Amelia Balonek as a health care equities analyst with a focus on medical devices in the company's research team.
The new group will focus on PIPEs and be led by new hire Michael Margolies.
Based in the company's Miami headquarters, Balonek was an equity analyst with Longwood Investment Advisors, Inc. in Boston, where she managed a long/short equity portfolio focused on small capitalization health care companies. Balonek also worked for Putnam Investments as a generalist in international equities and as a small/ mid cap banking analyst. Prior to that, she worked as a research analyst at New York Life in the Investment Department. She has a B.S. in economics from the Wharton School at the University of Pennsylvania and an MBA from London Business School.
Before joining the company to lead its new strategy group, Margolies founded and was chief executive officer of Avalon Research Group Inc. from 1995 until its sale in 2005. Landenburg said in a press release that Margolies has over 25 years' experience working as an independent research provider to global financial institutions. Margolies and his team will be based out of Ladenburg's Boca Raton office.
The newly formed group will focus on PIPE transactions and on research and capital markets activities on a select group of companies.
"We are pleased to expand the products and services we offer our clients and we welcome these two highly talented and experienced individuals to Ladenburg. We look forward to working together," Ladenburg's chief executive officer Mark Zeitchick said in the release.
Based in New York, Ladenburg is a retail and institutional securities brokerage, investment banking and asset management company. The proceeds will be used for general corporate purposes.
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