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Weeden Hires BGC’s Purves as Head of Global Strategy

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.

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