Pali Capital, Inc., an independent global financial services firm announced today the continued expansion of its High Yield Sales and Trading team with the hiring of Matt Goldfarb and Peter Levine from Tradition (North America) Inc., and William Tillinghast from SMH Capital in New York.

“Pali High Yield is very excited about these additions to the team,” said Chuck Howard, Managing Director and Head of High Yield at Pali. “Matt and Peter immediately place our firm in the leveraged loan sales and trading business, further rounding out Pali’s product set.” He added, “Bill Tillinghast brings deep industry experience in high yield and distressed sales, and we expect him to make a significant contribution to our clients.”

While at Tradition (North America) Inc., Matt Goldfarb was co-manager of the loan trading desk that handled institutional accounts including hedge funds, mutual funds, CLOs, insurance companies and private equity firms. Prior to Tradition, Mr. Goldfarb was a Director at The Blackstone Group/GSO Capital Partners where he was a senior member of that firm’s credit team. Mr. Goldfarb came to Blackstone from Pirate Capital, LLC, and prior to that he was Corporate Counsel at Icahn Associates Corp. where he was involved with transactional matters related to the firm’s distressed investments in the telecommunications, gaming, textiles and energy sectors. Mr. Goldfarb earned his BA from the University of Wisconsin and his JD from Fordham Law School.

Peter Levine was most recently an Assistant Trader and Loan Closer at Tradition (North America) Inc., where he gained extensive experience ensuring the closing process for levered loan trades. While at Tradition, Mr. Levine brokered both high yield bonds and gained exposure to distressed and par bank debt contracts and credit agreements. Mr. Levine came to Tradition from LM Isis Capital Partners where he was a trading associate handling CDS, LCDS, various indices, and bank debt amongst other products. Prior to LM Isis Capital Partners, Mr. Levine worked as a production assistant at ESPN, and he began his career as an English teacher working for the Nova Corp. in Tokyo, Japan. Mr. Levine earned his BA from Skidmore College.

William Tillinghast was most recently a member of the Investment Banking and Private Capital Group at SMH Capital. Mr. Tillinghast brings to Pali knowledge of private placements focusing on PIPEs, debt, private equity and venture capital. Mr. Tillinghast came to SMH Capital from DebtTraders, Inc. where he was a salesman focused on selling a variety of distressed securities to institutional investors. Prior to that, Mr. Tillinghast was a managing director at Schultze Asset Management, LLC where he was marketing a distressed hedge fund, and prior to Schultze, Mr. Tillinghast was a senior salesman at CIBC Oppenheimer where he focused on both emerging market debt as well as high yield and distressed securities. Mr. Tillinghast earned his BS from Lehigh University and his MBA from Columbia Business School.

About Pali Capital

Pali Capital, Inc., is the U.S.-based division of Pali Holdings, Inc., an independent, global financial services firm and investment bank servicing institutional clients since 1995. Pali offers equity, fixed income, and derivatives sales and trading, equity research, structured finance, and corporate finance and advisory services. The firm maintains primary offices in New York and London, with additional offices in San Francisco, Chicago, Minneapolis, Boston, Summit, NJ and Edinburgh, Scotland. Please visit www.pali.com for additional information.

Posted: 06|29|09 at 9:29 pm. Filed under: Finance News.