Avondale Partners announced today the addition of Jim Braniff as a director of institutional equity trading in the Nashville-based investment banking and wealth management firm’s New York office.
With more than 25 years experience in the NYC market, Braniff is the fourth addition to Avondale’s New York office since it opened in June 2013. He most recently served for six years as principal in the equity trading group at Needham & Co. Braniff started his career as a director with Prudential Securities before moving on to SG Cowen and then Credit Lyonnais.
Braniff (pictured) earned his Bachelor of Science degree in finance and economics from Mount St. Mary’s University.
“We are so fortunate to be adding Jim as a senior member of our team” Bill Hirschman, Avondale head of equity capital markets, said in a release. “Jim is a true industry veteran, and he importantly brings with him many valued client relationships built over a successful career as a sales-trader.”
In addition to Nashville and New York, Avondale Partners has offices in Baltimore, Boston, Kansas City, Philadelphia and St. Louis.
The parent of Regions Bank has restructured some of its main businesses, aligning its retail, wealth management and small business teams under what it calls the General Bank and setting up the Corporate Bank to handle middle-market and large business customers. The realignment comes with some executive moves, including the departure (for family reasons) of Regions' Business Services Group leader.
A Mexican company marketing a pre-paid debit card that connects to any smartphone or tablet won this week's startup competition at the Southland Southern Culture and Technology Conference. The company will receive $110,000 from the contest's 11 judges — with the stipulation that that money be the final $110,000 of a $4 million round that Sr. Pago executives plan to raising.
Sr. Pago was selected from a group of 10 early-stage companies that pitched at the conference. Its card will be sold at Best Buy or about $50.
“We were pretty surprised,” said Pablo Gonzalez Vargas, CEO of Sr. Pago. “As a Mexico-based company, we knew we would bring diversity to this conference, and it’s a very good thing for Southland to be this open to an international company.”
Separately at Southland, PandoDaily Editorial Director Paul Carr revealed that the staff of the website selected Nashville-based musical instrument maker Artiphon as their favorite company and said they will fork over a financial prize soon.
Taxes collected in May fell both below expectations and 2.96 percent below last May's revenues, according to the Department of Finance and Administration. The undercollection puts the state almost a quarter of $1 billion dollars below expectations 10 months into the year. More on that here.
The majority owner of Nashville-based restaurant holding company American Blue Ribbon Holdings has run into some headwinds in trying to carve out that business and others not related to its main real estate insurance companies. Fidelity National executives early this year announced their plan to spin their non-core assets — which also includes investments in Ceridian and Remy — into a separate structure with its own tracking stock. On Monday, they issued a lengthy statement restating their case in the face of negative recommendations from proxy advisors ISS and Glass Lewis. Shareholders will have their say next Wednesday.