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BTIG launches software research coverage with equity analyst hires

BTIG LLC's research and strategy division has hired Gray Powell and Matthew VanVliet to launch coverage across the security and application software sectors.

Powell joined the company as a director in New York, focused on the security software sector. He was previously a director and senior analyst on Deutsche Bank AG's software team.

VanVliet joined BTIG as a vice president in Chicago, focused on the application software sector. Prior to joining, he was an associate vice president within equity research at Stifel Financial Corp.