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Hapoalim Convertibles Head Andrew Pritchard Departs, CEO Says

Nov. 10 (Bloomberg) -- Andrew Pritchard, hired three months ago by Hapoalim Securities USA Inc. to start an institutional convertible bonds sales and trading business, has left the firm.

Pritchard departed from the unit of Israel’s Bank Hapoalim today, Chief Executive Officer John Murabito said in a telephone interview.

“We continue to be very much in the convertibles business and are committed to it,” said Murabito, declining further commment.

Kimberlee Brody, who joined Hapoalim in August as a managing director in the convertibles business, left today as well, Murabito said.

Pritchard and Brody, both of whom were based in New York, couldn’t immediately be reached for comment.

Pritchard previously was the head of convertible bonds and structured products at Cantor Fitzgerald LP, according to an Aug. 10 statement from the U.S. broker-dealer of Israel’s largest bank. Brody previously worked at BNP Paribas and Merrill Lynch & Co., according to the statement.

To contact the reporter on this story: Shannon D. Harrington in New York at sharrington6@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

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