Marco Polo Capital Markets LLC announced today that Lee Fensterstock has joined the firm as Chief Executive Officer and a member of the company’s board of directors.
Marco Polo offers an unrivaled local broker network around the world to deliver a wide range of execution and investment products to global investors. By opening a single account with Marco Polo Securities, a client is able to trade in over 80 countries and has the choice of more than 150 local Marco Polo partners to execute their trades, facilitating both best execution and low cost.Mr. Fensterstock will spearhead the firm’s expansion of its service offerings through its two wholly owned subsidiaries, Marco Polo Securities and Marco Polo Network, to meet the increasing needs of clients looking to invest in both emerging and developed markets.
"It is a great pleasure to welcome Lee to Marco Polo,” said Vinode Ramgopal, chairman and founder of Marco Polo Capital Markets. “The pressures of technology and globalization are challenging traditional brokerage firms. We have built the leading electronic platform straddling the most significant dynamic in today’s global markets – the investment flows between developed and emerging markets and the growing flows between the emerging markets themselves. Lee brings to Marco Polo a history of success in entrepreneurial efforts and we look forward to working with him to unlock the extraordinary potential and value of the Marco Polo platform.”
Mr. Fensterstock is an experienced securities industry executive with a track record of establishing and transforming securities firms. In 2000, he was Chairman, Co-CEO and founder of Bonds Direct Securities, an investment grade fixed income sales and trading firm. Bonds Direct was sold to Jefferies Group Inc. in 2004. In 2007, Mr. Fensterstock partnered with Matlin Patterson, a private equity firm, to transform First Albany Securities into a full service, middle market investment bank. The firm was renamed Broadpoint Securities Group, and Mr. Fensterstock joined as Chairman and CEO. Under Mr. Fensterstock's leadership the firm completed a series of acquisitions and recruited in excess of 250 professionals. The company is now known as Gleacher & Company (NASDAQ: GLCH).
”I am very excited to join Marco Polo,” Mr. Fensterstock said. “Vinode and his team have built the largest independent network linking over 150 financial institutions globally, facilitating trading into and out of the emerging markets. I see an extraordinary opportunity to partner with our local emerging market financial institutions to deliver an expanded set of products that will benefit investors looking to invest outside their home markets. We have seen a dramatic increase in investing in emerging markets in the last decade and I am convinced that there will continue to be rapid growth in cross border investing across all products. Marco Polo is uniquely positioned to benefit from this trend and our one-account concept will be the foundation for this effort.”
Marco Polo Capital Markets LLC is a Delaware company focused on providing financial services for global investors. Marco Polo Securities is a FINRA and FSA registered broker dealer, member of NFA and a wholly owned subsidiary of Marco Polo Capital Markets. For more information, please visit www.mpsecurities.com.