Pierpont Securities is merging with Richmond, Va.-based Cortview Capital, with both companies operating as broker-dealers for fixed-income investments.
The companies did not disclose financial terms. The merger is subject to approval by FINRA.
Pierpont-Cortview Securities will have its main office in Stamford where Pierpont has been based, with a total of 160 employees across 12 offices. Pierpont CEO Mark Werner will lead the company.
“Cortview”™s strong complementary portfolio of credit, rates, and mortgage products combined with our high quality liquidity solutions, execution services, and strategic advice will help us better meet our clients’ needs across a broader spectrum of fixed-income solutions,” Werner said in a prepared statement.
Pierpont is backed by $220 million in funding from Greenwich-based Stone Point Capital L.L.C. and General Atlantic L.L.C., which has a Greenwich office. Cortview was initially capitalized in 2010 by Warburg Pincus.
