BTIG, a financial services firm focusing on institutional trading, investment banking, research and brokerage services, has set up a new office in Stockholm, Sweden.

The new location is the firm’s third office in Europe and its eighteenth across the globe.

The Stockholm office will be run by managing director and head of Scandinavian sales trading Tony Nilsson. He will report to BTIG CEO Christopher Rollins.

“Stockholm is the ideal location for us to establish our Scandinavian presence. We are confident that with Tony leading our effort that we can expand our high-touch client coverage capabilities and footprint throughout the region,” Rollins stated.

Nilsson formerly was a senior member of the firm’s institutional equity sales trading team in London.

His financial services career of over two decades also includes stints in similar roles at Morgan Stanley, Goldman Sachs, Credit Suisse First Boston, Danske Bank, Barclays and HSBC.

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By GlobalData

BTIG co-founder and CEO Scott Kovalik said: “We continue to cultivate our multinational brand by strategically expanding into important markets.

“Opening a Stockholm office better positions us to serve and react to client needs and opportunities across Scandinavia.”

BTIG also has an office in London, which launched in 2008, and one in Edinburgh that launched in 2015.