Merus Global Investments, a New York-based investment firm, has set up an office in Boca Raton, Florida.
The company also appointed Seth Setrakian and Roger Egbert as its new senior managing directors and partners. The pair will spearhead a new eight-member team in Florida.
Egbert, with an experience of over two decades in the investment management sector, most recently served as the managing partner at Spectrum Capital.
He previously also worked as a partner at First New York Capital Management, led the trading desk at MSD Capital, and served as a healthcare trader at Pequot Capital.
Setrakian, who has over 20 years of industry experience, most recently was the president at Spectrum.
Prior to that, Setrakian worked for around 15 years at First New York Capital Management and served as the firm’s co-head of global equities. He previously also had stints as a partner at Seneca Capital and in the corporate finance group at Arthur Andersen.
Merus Global Investments CEO and senior managing partner Joseph Monte said: “We’re also excited to expand our geographic footprint into Florida, which offers an abundant base of high-caliber trading talent, an excellent quality of life and a very favorable business and tax environment in which to operate.”