• He also worked at JPMorgan Chase and Bank of America
  • After 2008 credit crisis, helped start fixed-income broker

Joseph Blauvelt, the former chief financial officer at Amherst Pierpont Securities who saw opportunities for new bond trading firms in the fallout from the global financial crisis, has died. He was 57.

He died Aug. 23 at his home in Nutley, New Jersey, according to a statement e-mailed by the firm. The cause was brain cancer, according to a spokeswoman at the company.

Joseph Blauvelt
Joseph Blauvelt
Source: Family photo

Blauvelt co-founded New York-based Amherst Pierpont’s predecessor firm, Pierpont Securities Holdings, with Mark Werner and Thomas C. Connor in 2009. The three had worked together at Bank of America Corp. and earlier at JPMorgan Chase & Co., where Blauvelt was treasurer of the securities unit. Pierpont is the middle name of the financier who gave his name to JPMorgan.

Pierpont Securities, an independent, closely-held broker-dealer based in Stamford, Connecticut, was among dozens of firms that started after the collapse of Lehman Brothers Holdings Inc. in September 2008, betting that market turmoil and consolidation among the biggest brokerages created a void to fill.

Successive Mergers

Blauvelt helped guide the company through a merger with Cortview Capital Holdings that was announced in 2012. Two years later, the combined firm merged with Amherst Securities Group to become Amherst Pierpont Securities, where Blauvelt remained as CFO.

Amherst Pierpont, a broker dealer, specializes in serving institutional and middle-market clients for fixed-income products including residential and commercial mortgage securities and other asset-backed debt, according to its website. The company has almost 200 employees in New York and 10 other U.S. cities, in addition to an affiliate in Hong Kong.

Joseph Patrick Blauvelt was born Jan. 8, 1959, in Jersey City, New Jersey, to the former Irene Marie Worst and George H. Blauvelt. He attended Hudson Catholic High School, and then received a bachelor’s degree in accounting from St. Peter’s University in Jersey City and a master’s in finance from Pace University in New York.

Career Path

His financial career started at JPMorgan Securities Inc. in 1988, working at the New York-based bank for 18 years. He rose to managing director in charge of the North American repurchase agreements desk at JPMorgan Chase.

In 2006, Bank of America Corp. hired him to manage a new group based in New York that provided short-term financing to institutional investors.

He served as chairman of the Funding Division of the Bond Market Association before it merged with the Securities Industry and Financial Markets Association and was on the board of trustees at St. Peter’s University and the financial council at Holy Family Church in Nutley.

Blauvelt was married to the former Donna Marie Falconcino, who died in 2015, and is survived by his son, James Joseph Blauvelt.

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