Merlin hires Spectrum president Suber

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Merlin Securities, a boutique broker/dealer focused on prime brokerage services, has hired former Bear Stearns prime brokerage executive Ron Suber as head of global sales and marketing.

Suber, who joins as a senior partner, aims to expand the firm’s market share nationwide, both among the firm’s core client base of small to midsized funds, but also among medium and large hedge funds that use multiple prime brokers.

That’s an expanding group of hedge funds, since the recent shakeup at Bear Stearns has led many hedge fund investors to demand that funds consider maintaining multiple prime brokerage relationships. “The time