Institutional broker dealer, BTIG, has set up a U.S. convertible securities business team, Business Wire reports. The new unit will be led by Robert Langer as managing director and head of convertible sales and trading.

The firm has also appointed Bill Feingold as a director and convertible trader, Don Pizzutello as a senior vice president and sales trader and Chris Roller as a director and sales trader. The securities business will diversify BTIG’s existing equities, derivatives, fixed income and prime brokerage businesses.

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