NEW YORK, NY--(Marketwire - August 4, 2010) - Maxim Group LLC, a leading full service investment banking, securities and wealth management firm today announced the appointment of Eliecer Palacios as the Energy Sector Specialist in Maxim's Institutional Equity Sales Division.
Mr. Palacios will be responsible for generating trading and investment ideas for Maxim Group's institutional clients in the oil and gas space across various parts of the capital structure; he will also cover risk arbitrage and special situations opportunities in this sector. "Energy is an important investment vertical for Maxim Group and having a professional with Eliecer's experience will help reinforce our capabilities in this key segment," said Jamie Barker, managing director and head of institutional sales and trading at Maxim Group.
Prior to joining Maxim Group, he was the Energy Analyst at Carrelton Asset Management, a natural resources-focused long/short equity fund, based in Houston. Prior to Carrelton, Mr. Palacios traded crude oil, refined products, and natural gas derivatives for Citigroup's energy trading unit based in Houston, his counterparties included major oil and gas producers and utilities. Prior to Citigroup Energy, he worked as an Energy Analyst for a long/short equity energy/utilities fund at Tribeca Global Management, a Citigroup multi-strategy hedge fund. Mr. Palacios began his career as an analyst at Salomon Brothers Asset Management. He obtained a B.A. in Economics from Instituto Tecnologico Autonomo de Mexico and an MBA from the Johnson School at Cornell University.
About Maxim Group LLC
Maxim Group LLC is a full-service investment banking firm headquartered in New York. Maxim Group provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales and trading as well as equity research. Maxim Group currently maintains in excess of $2.5 billion in client assets. The investment banking group focuses on middle market and emerging growth companies within the shipping, energy, health care, technology, retail, and business and financial services sectors. The institutional coverage of Maxim Group spans North and South America, Europe and Asia. Maxim Group LLC is a registered as a broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: Financial Industry Regulatory Authority (FINRA); Municipal Securities Rulemaking Board (MSRB); Securities Insurance Protection Corporation (SIPC); International Securities Exchange (ISE); NASDAQ Stock Market and the NYSE Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com.
Contact Information:
For further information please contact:
John J. Garrity
Executive Managing Director
212.895.3624
jgarrity@maximgrp.com