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VOL. 127 | NO. 94 | Monday, May 14, 2012

Cortview Capital Expands Memphis Team

By Andy Meek

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Brad Bodine, who heads the credit products group for Cortview Capital Securities LLC, says growth in Memphis “is an important strategy” for the firm, which has been on a hiring streak around the country lately.

Cortview Capital, a national fixed-income broker dealer serving the middle markets, announced in recent days that it’s hired 24 new members in branches offices around the country, including Memphis, Chicago, Los Angeles, Salt Lake City and elsewhere.

The growth reflects an expansion in the firm’s sales, trading and research team and the addition of new members across its credit, rates and mortgage and capital markets business lines.

Among the new hires is Brendan Shanahan, who heads the firm’s agency trading effort and is based in Memphis. He joined the firm from the Bank of Montreal, where he helped build its agency new issue and secondary business into a major force. Prior to that, he was at SunTrust Banks Inc.

Cortview also has hired Chris Doupe, formerly of Vining Sparks, in Memphis to trade municipal securities. He’ll be teamed with Bob Berry, previously of Duncan-Williams Inc. and SunTrust.

About the new hires, T. Kelley Millet, Cortview’s CEO, said the firm is “pleased with the pace of Cortview’s growth and the ability to attract tremendously strong talent to fulfill our mission.”

Collectively, the hires represent a move to deepen the bench strength of Cortview’s existing network of trading, distribution and research expertise.

“(Memphis) is a fantastic town for this business,
as it’s been for three or four decades now.”

–Brad Bodine
Cortview Capital Securities LLC

“The goal is to build a regional-focused, national-footprinted, fixed-income-only broker dealer,” Bodine said. “And we want to feel local to our customers. It’s one of the reasons why we’re committed to Memphis. It’s obviously an important town for the fixed-income business. There’s also a number of competitors in that marketplace, and our feeling is we need to be there, not just to be local and compete, but to be present vis a vis the customer base that’s so important to that region.”

Cortview was launched in September 2010 and is backed by the private equity firm Warburg Pincus. The Richmond, Va.-based firm offers a range of fixed-income sales, trading and origination services, as well as investment banking, advisory and various corporate finance services to its middle-markets clients.

Cortview announced a capital infusion from Warburg Pincus late last year that’s being used to help support the firm’s growth, including the continued expansion of its business and infrastructure.

Bodine said the firm is keen on taking advantage of disruption that’s happening in the capital markets space across the country right now. And he said the firm will continue studying talent available to potentially bring on board – including in Memphis.

“We know we’ll have talented people that would like to move to Memphis,” he said. “It’s a wonderful town. It’s a terrific place to raise a family. And it’s a fantastic town for this business, as it’s been for three or four decades now.”

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 67 10,289
MORTGAGES 107 107 13,434
FORECLOSURE NOTICES 24 24 2,668
BUILDING PERMITS 393 393 24,700
BANKRUPTCIES 60 60 9,952
BUSINESS LICENSES 16 16 3,752
UTILITY CONNECTIONS 149 149 14,706
MARRIAGE LICENSES 31 31 3,198

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