Dynasty Financial Partners has hired Tom Petrone as director of capital markets, based in New York City.

Petrone has also been appointed to the Dynasty Financial Partners Investment Committee and will report to the firm’s chairman and chief investment officer, Todd Thomson.

In his new role Petrone will lead a number of initiatives to expand the firm’s capital markets platform. This will include trading securities, structuring derivatives, and designing hedging and monetization strategies on restricted securities and originating structured notes. He will also build a community of syndicate providers and an investment banker referral network, Dynasty said.

Petrone most recently served as head of capital markets for Citi Private Bank in North America, responsible for the securities and transactional business across all asset classes.

Dynasty’s asset management program currently has over $3 billion in assets, while its strategy portfolios, UMAs and SMAs, have over $1 billion in assets.