Prime Broker Clear Street to Launch New Investment Banking Business

New York-based independent prime broker Clear Street is set to launch a new investment banking business named Strategic Advisory Services according to a story in The Trade news. The new business line will offer strategic advisory, transaction, and creative capital solutions to emerging growth companies, subject to regulatory approvals. Clear Street has hired a team of investment bankers to build out the investment banking and advisory offering. John D’Agostini has been appointed as co-head of investment banking, joining Clear Street from JonesTrading, where served as managing director of investment banking for over 12 years. Earlier in his career he held equity sales and trading positions at Cantor Fitzgerald. His fellow co-head will be Nicholas Hemmerly who joins Clear Street from his role as senior managing director, head of investment banking at Bridgeway Capital Partners. Elsewhere in his career, Hemmerly held senior positions at JP Morgan, PwC, Hefferies and JMP Securities.