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About Penserra

Penserra Securities early beginnings

Penserra Securities has its early beginning in 2006 when George Madrigal and Fernando Mateo initiated a partnership to structure an institutional brokerage firm. From the beginning the co-founders believed they could create a successful firm that would not only provide a best in class service to institutional clients, but would also provide opportunities for exceptional minority professionals wanting to be a part of the investment community.
The Firm was founded on the principle that we will not only provide the best products and services to our clients, but also to support our community. Accordingly, Penserra is actively involved with mentoring programs such as the Robert Toigo Foundation and community outreach programs such as Hispanics Across America. Our founders also support the efforts of organizations such as the National Association of Securities Professionals and the New America Alliance.

Penserra Securities LLC is an agency-only brokerage firm located in New York City adjacent to the New York Stock Exchange. We are members of the Financial Industry Regulatory Authority (FINRA), the Securities Investor Protection Corporation (SIPC)and are certified as a Minority Business Enterprise (MBE).

Our Founders

George Madrigal is the Managing Director and co-founder of Penserra Securities LLC. Before founding the Firm, Mr. Madrigal spent more than thirteen years with Barclays Global Investors (BGI), one of the world’s largest asset managers. While at BGI he held a variety of senior roles including Senior Portfolio Manager of international equity portfolio management and, most recently, Head of Transition Management, a short-horizon portfolio management and trading solutions group where he managed a team of investment professionals including portfolio managers, traders, and operations specialists. As Head of the Transition Management Group, Mr. Madrigal was also a Registered Representative and a General Securities Principal with the BGI affiliated broker-dealer, Barclays Global Investors Services (BGIS). BGIS is responsible for executing a majority of securities trades for BGI Transition Management for institutional clients such as retirement plans, endowments, and foundations. These BGIS trades involved billions of dollars of securities transactions covering U.S. exchange listed equities, U.S. over-the-counter equities, non-U.S. equities, U.S. government securities, U.S. mortgage-backed securities, and U.S. corporate debt. As a portfolio manager, Mr. Madrigal developed a wide range of market experience covering a variety of other products including exchange traded funds, mutual funds, index futures contracts, currency trading, and non-U.S. equities for both the developed and emerging markets. . Mr. Madrigal holds a B.S. from CSU Fullerton and graduate degrees from Columbia University and UC Berkeley. Previous to BGI, he held positions at Transamerica, Baxter Healthcare, and Conagra. He holds his Series 3, 7, 24, and 63 licenses.

Fernando Mateo is the co-founder of Penserra Securities LLC. Mr. Mateo has had a wide range of success in entrepreneurial ventures ranging from commercial and retail businesses to a money-transfer company. Mr. Mateo has founded and/or led numerous philanthropic organizations and non-profit enterprises. Mr. Mateo founded Hispanics Across America (HAA) as an umbrella group that would encompass other Hispanic organizations/programs. HAA was founded as a grassroots think tank to initiate and expand programs throughout Hispanic communities in U.S. HAA has led delegations of Hispanic community leaders, businessmen, and dignitaries to celebrations at the White House for Hispanic Heritage Month and Dominican Independence Day. HAA has also conducted meetings between White House staff and the Dominican community in New York to address community problems and formulate solutions. In years past he was involved with initiating a non-profit training program in 1990 at Riker’s Island. He holds his Series 7 and 63 licenses.

Awards

Mr. Mateo's efforts earned him an award from the Points of Light Foundation presented to him by President George H. W. Bush. In 1993, he focused his attention on helping the minority youth of the community by spearheading with the NYPD’s 34th precinct a successful program called Toys for Guns designed to trade a $100 merchandise certificate from Toys R Us for every gun exchanged. For all of his community efforts Mr. Mateo has received numerous awards and recognition such as being named “One of the Five Most Influential People in the Country” by New York Times in 1994, The National Leadership Award by the National Republican Congressional Committee in 1990, the Ellis Island Medal of Honor, and a Martin Luther King Jr. Memorial Award from National Education Association. Mr. Mateo was named to the Presidential Scholars Commission by President George W. Bush in March, 2003 and serves as a Trustee at Mercy College in New York, which has a 9,000 student body that is one-quarter Hispanic, one-quarter African-American and more than two-thirds female and for whom he has raised tens of thousands of dollars to help with scholarships. Mr. Mateo has been featured on Oprah and is a frequent commentator on CNN covering community issues.