EXPLORE Our Firm

Amherst Pierpont is an independent broker-dealer operating in the fixed-income capital markets. Our experienced team of professionals delivers actionable trade ideas and customized solutions to our institutional client base. Much of the value-added service we provide is driven by our state-of-the-art data and analytics platform and our focus on market strategy, both of which are designed to identify relative value and quantify risk reward in the fixed income markets.

Amherst Pierpont is a self-clearing member of the Fixed Income Clearing Corporation and a member of FINRA and SIPC.

Our History

Formed by the merger of Amherst Securities and Pierpont Securities in 2014, Amherst Pierpont traces its roots to 1993. Headquartered in New York City, the firm has a proven business model based upon customized client engagement. We provide a broad set of products and services for our institutional clients. Our capital sponsorship comes from Stone Point Capital, General Atlantic and Amherst Holdings. In addition to its role as a capital sponsor, Amherst Holdings is an important strategic partner of the firm, providing support for our data and analytic efforts as well as unique insight into the real estate and mortgage markets derived from their extensive asset management activities. As a result of our strong relationships with our sponsors, Amherst Pierpont is well-capitalized and positioned to support its diligent use of risk capacity and strategic deployment of capital to facilitate client trading activity.

The Primary Dealer designation awarded by the Federal Reserve Bank of New York to APS in May of 2019 demonstrates the continued growth path of the firm and our dedication to serving our clients across multiple products.

 

  • 1993

    Amherst Securities is founded as a full service broker-dealer dedicated to the residential mortgage backed securities business

  • 1999-2007

    Amherst Securities Group adds Agency MBS and CMBS to its mortgage capabilities

    Amherst Securities Group expands its capital, risk management and proprietary analytic tools for Agency MBS followed by the development of a detailed loan-level non-agency MBS database

  • 2008

    Amherst Holdings completes $225 million capital investment led by Stone Point Capital. The investment allows Amherst Holdings to enhance its strong capital and liquidity position, bolster loan-level analytics tools and expand sales and trading capabilities of its broker-dealer subsidiary, Amherst Securities Group, LP (Amherst Securities)

  • 2009

    Pierpont Securities is founded as a self-clearing, SEC registered broker-dealer serving institutional clients. Pierpont acts as principal in the U.S. Treasury, federal agency, investment grade credit, mortgage-backed securities and financing markets

    Amherst International Limited established in Hong Kong

  • 2010

    Pierpont Securities, LLC announces its official launch with $220 million in capital from two premier equity investors, Stone Point Capital LLC and General Atlantic LLC (GA), establishing Pierpont as a strongly capitalized government securities broker-dealer

  • 2012

    Pierpont Securities, LLC merges with Cortview Capital Securities, LLC, a privately held fixed-income middle market broker-dealer, providing Pierpont with a strong complement of credit, rates and mortgage products to its existing platform

  • 2014

    Amherst Securities Group, LP and Pierpont Securities, LLC merge, forming Amherst Pierpont Securities LLC to provide institutional clients with access to a broad range of fixed-income products, industry-leading analytics and a broader distribution network

  • 2015

    Amherst Pierpont expands its Agency Multi-Family, Agency MBS and Securitized Products Investment Banking businesses

  • 2019

    As of May 6, 2019, APS has been selected as one of 24 Primary Dealers to serve as a trading counterparty to the Federal Reserve Bank of New York

Today we have more than 200 employees operating in locations across the United States. Amherst Pierpont is a self-clearing member of the Fixed Income Clearing Corporation and also a member of FINRA and SIPC.

Our Leadership

Executive Management

(click for detail)

Operating Team

  • Darla Bartkowiak
    Chief Compliance Officer
  • Bernadette Clifford
    Head of Human Resources
  • Ted Hughes
    Head of Operations
  • Regan Sizer
    Head of Technology

Business Heads

  • Steven Abrahams
    Head of Investment Strategy
  • Erich Bauer-Rowe
    Head of Emerging Markets Trading
  • Michael Burke
    Head of Credit Sales
  • Stephen Coale
    Head of Credit Union Group
  • Ken Dinovo
    Head of Structured Products Trading
  • Tim Dooley
    Senior Managing Director
  • Warren Heller
    Head of Rates Sales
  • Forbes Hopper
    Co-Head of Finance Business
  • Jonathan Lum
    Co-Head of Cross-Product Sales
  • Paul Murphy
    Head of U.S. Treasury & Agency Debenture Trading
  • Xavier Negroni
    Co-Head of Finance Business
  • Adam Smith
    Head of Investment Banking
  • Mark Steinacker
    Head of Money Market Trading
  • Michael Teifeld
    Co-Head of Cross-Product Sales
  • Michael Tropeano
    Head of Credit Trading

Contact Us

For media or general inquiries, you may call us at (646) 776-7700 or send an email to inquiries@apsec.com

New York (Headquarters)

245 Park Avenue, 15th Floor
New York, NY 10167
(646) 776-7700

Branch Locations (Click to Expand)

  • Austin

    5001 Plaza on the Lake
    Suite 200
    Austin, TX 78746

    (512) 342-3000
    (800) 396-3311 toll free

  • Boston

    One Marina Park Drive
    Suite 1410
    Boston, MA 02210

    (617) 274-5175

  • Chicago

    500 West Madison
    Suite 3140
    Chicago, IL 60661

    (312) 224-9977
    (877) 499-9977 toll free

  • Dallas

    8117 Preston Road
    Suite 300
    Dallas, TX 75225

    (469) 341-8781

  • Delaware (Operations Center)

    131 Continental Drive
    Suite 304
    Newark, DE 19713

    (302) 533-2900

  • Fort Lauderdale

    200 East Broward Boulevard
    Suite 1260
    Fort Lauderdale, FL 33301

    (561) 620-5855
    (888) 235-0009 toll free

  • Houston

    1900 West Loop South
    Suite 600
    Houston, TX 77027

    (713) 888-9100
    (800) 850-1133 toll free

  • Miami

    1395 Brickell Avenue
    Suite 800
    Miami, FL 33131

    (561) 347-5469

  • Red Bank

    65 Monmouth Street
    Suite 307
    Red Bank, NJ 07701

    (732) 212-1661
    (866) 933-9901 toll free

  • San Francisco

    100 California Street
    Suite 615
    San Francisco, CA 94111

    (415) 638-4370
    (844) 638-4370 toll free

  • Stamford

    One Dock Street
    Suite 400
    Stamford, CT 06902

    (203) 221-8112
    (877) 221-8115 toll free