Technology Media Telecom (TMT) analysts Walter Piecyk, Richard Greenfield and Brandon Ross are leaving equity research company BTIG Research to create a new TMT venture along with Joseph Galone and Mark Kelley. The group will strategically partner with BTIG on the yet-to-named venture.
“We are looking forward to this next chapter and appreciate the support we have received from the BTIG leadership team and our BTIG family,” Greenfield said in a statement. “We are proud to have initiated TMT coverage at the firm nearly a decade ago, and we continue to believe in the quality of its research, products and the value it delivers to clients.”
“We are excited to work with Rich, Walt and Brandon as their business takes shape in the coming weeks,” BTIG co-founder Steven Starker said in a statement. “Their team will produce innovative independent investment research and create a new media company that is expected to fully assess the disruptive forces across the technology, media and telecommunications industries.”
The new venture is expected to offer new ways to access intriguing TMT portfolio companies, both public and private and will offer thematic research. BTIG plans to work with the new venture on a number of important strategic initiatives.
“This new venture will enable Rich, Walt and Brandon to be even more entrepreneurial, an attribute which has driven the success of BTIG since inception,” BTIG Co-Founder and CEO Scott Kovalik said in a statement. “Rich, Walt and Brandon have always pushed to provide unique and thematic views; while we will miss having them on our platform, we are happy to be aligning with their new efforts.”