JVB name to remain after merger with PrinceRidge bolsters structured products
The two structured products distributors will operate as a single entity after parent company announces redundancies affecting 20% of staff
Florida-based JVB Financial and New York-based PrinceRidge will merge into a single entity under the JVB name "as soon as practicable", their parent company has announced. JVB and PrinceRidge specialise in trading fixed-income securities in the US, including structured products. The two companies had combined net trading revenues of $22.2 million during the first half of the year, according to public filings.
The consolidation of the two units, which is subject to regulatory approval, is the
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