Weeden Hires BGC’s Purves as Head of Global Strategy

April 12 (Bloomberg) -- Weeden & Co. has hired Michael Purves as chief global strategist and head of equity derivatives research to help build the brokerage’s options business.

Purves joins the Greenwich, Connecticut-based firm from BGC Partners Inc. where he held a similar role. He was part of a group of traders who left Pali Capital Inc. in December 2009 together with Richard Anthony to join BGC Partners in New York.

“I will continue my work here on macro conditions, precious metals, and selected single stocks,” Purves wrote today in an e-mail to clients.

To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net