Tribal Capital Markets Hires Ian C. Burdette as Head of Trading and Risk

Tribal Capital Markets, a minority broker-dealer, announced on Wednesday that it has hired Ian C. Burdette as a Senior Managing Director and Head of Trading and Risk. According to the statement, the addition of Burdette enhances the broker’s scope across the full spectrum of fixed income products.

Burdette joins Tribal Capital from Mizuho Securities USA. Here he worked for seven years and was the Head of Agency Trading in their fixed income group. Throughout his career, he has held notable positions such as Managing Director at Bank of America Merrill Lynch and Vice President of Goldman Sachs.

Starting his career in the finance industry in 1992, Burdette brings over twenty years of experience to the Tribal Capital team. During this time, his career has had a focus in the Agency and Supra/Sovereign debt markets.

Commenting on his new position, Burdette said: “I think the thing that drives me the most is the ability to bring sharp bulge bracket-like Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and pricing to a segment of the market where it currently does not exist.

“Transparency and pricing precision are the keys to deepening and expanding our strong long-term relationships. I very much look forward to becoming a member of Tribal Capital Markets and its continued success.”

Managing Partner John Barry added: “having the honor of knowing Ian for over twenty years as a friend, counter-party and colleague, makes his addition very exciting and a natural fit towards our goals."

“His command of the product space and long track record of success should highlight our lasting commitment to becoming an industry leading minority broker dealer. I personally look forward to working closely with Ian once again in all facets of our growing Native American franchise.”

Tribal Capital Markets

Tribal Capital Markets, LLC ("TCM") is an American Indian Tribally (AIT) owned enterprise. Headquartered in New York, it was founded in 1995 as a full-service broker-dealer. The majority shareholder for the broker is Morongo Band of Mission Indians.

Tribal Capital Markets, LLC Executive Chairman and Morongo Band of Mission Indians CEO Titu Asghar stated: “Morongo are very excited to bring Mr. Burdette on as Head of Trading and Risk. His experience and expertise provides us with great comfort that our interests are looked after on daily basis and will allow our management team to continue to focus on some of the other ambitions that we have for the Broker Dealer in Indian Country.”