Focused Investments LLC of Chicago, a third-party broker-dealer, has hired Jay L. Triemstra as director of new business development.
The job was created as part of a drive to convert some bank clients from a discount brokerage structure to full-service, said Thomas E. Stamborski, Focused Investments' national sales manager.
Focused Investments provides full-service brokerage for 22 banking companies and discount brokerage services to about 200, said Mr. Stamborski.
He said a handful of bank clients had opted to convert to a full-service structure and the brokerage is in discussions with others.
Mr. Triemstra's main job will be to develop those full-service relationships.
Focused Investments, a subsidiary of the brokerage Wayne Hummer Investments LLC of Chicago, is a third-party provider of securities, mutual funds, annuities, and insurance products. -- Amy L. Anderson