LOS ANGELES, Nov. 24, 2015 (GLOBE NEWSWIRE) -- Wedbush Securities is pleased to announce that James ("Jim") F. Kearney III has been named Chief Risk Officer at Wedbush Securities. Jim, who was previously Senior Vice President of Risk Management at the firm, is a seasoned veteran with over 27 years of experience in the financial industry. His new role at Wedbush encompasses the development and implementation that exemplifies the strengthening of the firm's approach to risk, thereby better ensuring the safety and protection of its clients.
Prior to joining Wedbush, Jim served as Senior Risk Manager and Head Commodity Futures/Options Trader at Archelon LLC, where he oversaw product diversification, risk management, compliance, and strategy. Before joining Archelon, Jim was also Head Firm Trader and Member of the firm's Risk Committee at Ritchie Capital Management, where he served as Co-CEO of the firm's Commodity Fund. Jim is currently a member of CBOT (since 1990), a member of the National Futures Association (since 1990), and an ICE Member (since 2009). He also holds his Series 3 & 7 licenses.
"I am excited to bring together key risk and credit groups throughout Wedbush," states Jim, "the combination of the Risk Team, Credit Team, and Quantitative team will strengthen communication internally and be a key information source for external inquiries." Jim will be joined by Matt Dahlem, Senior Vice President at Wedbush Securities.
Shawn Keagy, Executive Vice President and Chief Financial Officer at Wedbush Securities, adds, "We are pleased to welcome Jim to our leadership team. He and his group will enable the firm to achieve higher results with less risk." Rich Jablonski, Executive Vice President at Wedbush Securities, also states, "In an environment of increasingly complex trading strategies, and ever tighter regulatory capital requirements and risk management scrutiny, a strong risk operation is crucial for enabling the firm to provide attractive financing terms to its clients without compromising the quality of the company's balance sheet."
In congruence with Jim and his efforts, Lime Brokerage is highly focused on providing state of the art risk management technology and collaborating with its affiliates at Wedbush in order to manage and assess risk for all Wedbush clients. Jim and his team will leverage a risk management platform, powered by Lime Technology, in order to deliver fast and accurate valuation and risk calculations. Tony Huck, President of Lime Brokerage, states, "Lime looks forward to working closely with Jim and his team in offering the very best practices in risk management across multiple asset classes."
About Wedbush Securities
Since our founding in 1955, Wedbush has been a leader in the financial industry providing our clients with a wide range of services; including retail and institutional sales, clearing services, equity research, corporate and municipal finance, equity market making, fixed income trading, and wealth management. Headquartered in Los Angeles, with over 100 registered offices, the firm focuses on dedicated service, client financial safety, continuity, and advanced technology. Wedbush Securities is the largest subsidiary of holding company WEDBUSH, Inc., which also includes affiliated firms Wedbush Asset Management, Wedbush Capital Partners, Wedbush Opportunity Partners, and Lime Brokerage LLC.
Follow us on Twitter @Wedbush.