Michael Straine
Fair Haven,NJ
Summary
Entrepreneurial Sales/Trader with outstanding knowledge of equity finance, repo, and delta one products. Dynamic individual with 25+ years experience. Brings strong problem-solving skills and proactive approach to new tasks. Known for adaptability, creativity, and results-oriented mindset. Committed to making meaningful contributions and advancing organizational goals.
Overview
33
33
years of professional experience
1
1
Certification
Work History
Equity Finance/Delta One Sales
GFI Group LLC
11.2010 - Current
- Delta One Sales and Securities Finance
- Responsible for Global Delta One and Collateral Financing
- Structure term financing trades between banks, dealers and other global financial institutions via stock loan, tri party, and swap.
- Responsible for all stock loan, total return swap, equity and fixed income liquidity provider.
- Clients include major hedge funds, broker dealers, pension funds, and commercial banks
- Extensive industry relationships culminated over 25+ years of experience.
- 15+ years of consistently profitable P&L
Delta One Broker
BGC Partners LLC
01.2008 - 06.2010
- Equity Derivatives/Delta One Total Return Swap Sales
- Manage Equity Total Return Swap business and broker other equity derivative transactions between the broker dealer communities
- Products brokered include equity total return swaps, EFP and single stock futures, dividend swaps, index swaps, and European style synthetic structures
- Clients include major hedge funds, broker dealers, and commercial banks
- Utilized industry relationships to help build listed options sales and trading
Vice President Equity Finance
Credit Suisse First Boston LLC
07.1999 - 05.2005
- Hedge Fund Coverage Desk / Prime Brokerage
- Responsible for covering CSFB's major hedge fund clients and assisting in all aspects of their domestic and international financing needs via stock loan and/or swap
- Extensive relationships with the lending community, broker dealers, and hedge funds
- Responsibilities included servicing existing clients as well as introducing new and potential clients to CSFB's financing products and services via in presentations and sales calls
- Participated in extensive cross selling of products with other desks within equities as well as fixed income
- Actively participated in the pricing and bidding process of global exclusive portfolios to be utilized by the worldwide equity finance team
- Assisted in managing global matched book from NY with global team; Tokyo, and Sydney
- Extensive experience in dividend arbitrage/yield enhancement
Assistant Vice President Securities Lending
Chase Manhattan Bank NA
07.1998 - 07.1999
- Responsible for lending extensive global equity and fixed income portfolio from Chase's custody clients to the broker dealer community
- Played a major part in developing desks' emerging market lending program
Head of Repo Trading
Societe Generale Securities Corp
03.1994 - 12.1997
- Started a US Government repo matched book from scratch within a fixed income division that went on to become a primary dealer
- Responsible for all aspects of trading a Multi Billion Dollar repo matched book
- Traded short term U.S
- Government securities, term general collateral, specials, and fixed income futures
- Managed team of 5 junior traders and support personnel
- Stock Loan Trader
- Traded both domestic and international securities
- Supported internal trading desks as well as various clients of the firm
Finance Desk Support
Salomon Bros INC
02.1992 - 03.1994
- Middle office support for equity and fixed income finance desks
Education
Bachelor of Arts - Finance/Economics
East Carolina University
Greenville, NCCertification
Series 7, Series 63, Series 9/10, Series 24
Timeline
Equity Finance/Delta One Sales
GFI Group LLC
11.2010 - Current
Delta One Broker
BGC Partners LLC
01.2008 - 06.2010
Vice President Equity Finance
Credit Suisse First Boston LLC
07.1999 - 05.2005
Assistant Vice President Securities Lending
Chase Manhattan Bank NA
07.1998 - 07.1999
Head of Repo Trading
Societe Generale Securities Corp
03.1994 - 12.1997
Finance Desk Support
Salomon Bros INC
02.1992 - 03.1994
Bachelor of Arts - Finance/Economics
East Carolina University
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