Williams Capital, an investment banking firm that provides debt and equity underwriting and corporate finance advisory services, has acquired 100% of the institutional assets of broker dealer, Nutmeg Securities.
As part of the transaction, the partners of Williams Capital also acquired a majority interest in Nutmeg’s retail brokerage operation which will continue to operate independently of Williams Capital under the Nutmeg Securities name. Other terms of the transaction were not announced.
Williams Capital said that Matt Rochlin joins Williams Capital as vice chairman and Robert Colgan, Nutmeg’s operating chief will serve as head of equities for the combined firm. DiAnne Calabrisotto will remain in her current role as COO and Patrick Wo will remain in his current role as CFO of Williams Capital.
In addition to the expanded institutional investor client base and the distribution made possible through the Nutmeg organisation’s national retail network, Williams Capital expects to enhance operating revenue through increased product offerings and cross selling opportunities.
Christopher Williams, chairman and CEO of Williams Capital, said: The principals of Nutmeg and Williams recognise that the combination of each firm’s unique client base, technology platform and sales and management talent, represents a rare and compelling strategic fit.
