Los Angeles-based Wedbush Securities Inc, a provider of private and institutional brokerage in the US, has announced the appointment of Andrew Druch as Executive Vice President and General Counsel.
In his new capacity, Druch will oversee the company’s legal, compliance, surveillance, and regulatory practices, and also help maintain ties with domestic and international partners within the financial services industry.
Druch has gained extensive experience as a General Counsel in top global organizations through different business cycles. His career, which spans over three decades, encompasses several stints at ING Bank, Rabobank, and most recently with Norway’s largest financial services group DNB.
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Earlier in his career, he initially worked at the New York Stock Exchange then moved to Lehman Brothers and Drexel Burnham Lambert, where he stayed for over ten years serving across legal and compliance departments.
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Founded in 1955, Wedbush Securities provides futures execution and clearing services to major futures exchanges, supporting a variety of clients, including non-clearing FCMs, introducing brokers, professional traders, and institutions. Earlier last month, the company agreed to acquire the assets of technology-focused registered investment adviser ABR Investment Strategy LLC.
Announcing the appointment, Wedbush said in a statement: “We welcome Andrew and his deep knowledge of securities and banking laws, as the firm is poised for accelerated growth. We look forward to his counsel as we make further strides in our Wealth Management, Investment Banking, and ACAPS divisions, as well as building out our infrastructure, making additional asset acquisitions and expanding geographically.”
Druch also noted: “This is such a great time to join Wedbush, a time where the company is investing in its long-term growth. I’m thrilled to be in this new position for the firm, to provide legal guidance and perspective as we move forward.”