Industry Pros Continue Migration to WallachBeth Capital; More New Hires for Go-To Execution Experts

New York, NY, May 17, 2012 --(PR.com)-- WallachBeth Capital LLC (“WB”), the institutional brokerage/execution firm specializing in exchange-traded funds (ETFs), equities and options, announced its further expansion with the recent hiring of Jennica Ross, who will oversee strategic client relationships, and options and merger arbitrage specialist Randy Sharringhausen. Both Ms. Ross and Mr. Sharringhausen will report to WallachBeth’s senior principals, CEO Michael Wallach and President/COO David Beth.

Ms. Ross was most recently a Director for the Strategic Relations Group at Guggenheim Funds Distributors, Inc. and previously, Director, Equity Syndicates Sales/Marketing for UBS Financial Services. Ms. Ross came to the Industry in 2003, immediately upon graduating from Princeton University.

Mr. Sharringhausen is a 17-year industry veteran who began his career as an options market-maker at the American Stock Exchange, and later became head of New York floor trading for Knight Capital Group. He joins WallachBeth from institutional options brokerage and research firm Capstone Global Markets, where he was a co-founder.

According to Michael Wallach, co-founder and CEO, “The continued expansion of our bench reflects not only the sustained growth of our client base, but more important, our ongoing commitment to exceeding client expectations whenever dealing with our firm. Jennica will play a critical role coordinating relationships on behalf of each of our ETF, institutional options and special situations trading desks, while Randy will add yet a further degree of depth for clients that depend on us for option market and arbitrage strategy implementation.”

About WallachBeth Capital LLC
WallachBeth Capital LLC operates on a fully-disclosed, agency-only basis while serving the needs of institutional fund managers, premiere hedge funds, sell-side trading desks, and sophisticated professionals trading in the wide-spectrum of ETFs, exchange-listed and OTC equity options, listed and OTC equities, and non-US equities. WallachBeth is a member of FINRA, SIPC, ARCA, CBSX, and ISE. The firm’s website is located at www.WallachBeth.com.