B. Riley FBR Expands Fixed Income Capital Markets Platform
January 03 2019 - 8:00AM
B. Riley FBR, Inc., a leading full service investment bank and
wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY),
today announced that it has expanded its Fixed Income Capital
Markets platform. As part of this effort, the firm has added five
sales and trading professionals who specialize in high yield and
investment grade corporate debt. These new additions include Dyke
Minix, Brendan Laird, Deepak Devaraj, Seamus Laird, and Vesta
Marks.
B. Riley FBR’s Fixed Income Capital Markets
division offers a broad array of investment, trading, analytic and
underwriting services for banks, credit unions, trust departments,
registered investment advisors, insurance companies, healthcare
providers, municipalities, funds and pensions. The new additions
are a part of the firm’s strategic growth initiative to expand its
product offerings by strengthening its sales and trading platform
and underwriting capabilities. To facilitate this initiative, the
firm has added an institutional corporate trading desk to focus on
trading and distribution in high yield and investment grade
corporate debt as well as leveraging the firm’s network to assist
companies with public debt.
“We’re pleased to welcome Dyke, Brendan, Deepak,
Vesta, and Seamus to B. Riley FBR,” said Andy Moore, CEO of B.
Riley FBR. “Our Fixed Income Capital Markets division offers an
array of investment and funding services. With the addition of an
institutional corporate trading desk and these experienced
professionals, we are uniquely positioned to leverage the brand
we’ve established in equities across fixed income, and to better
assist companies with a full range of financing solutions.”
“I’m excited to have these talented
professionals join our team,” said Dan Leland, Senior Managing
Director, Fixed Income Capital Markets. “The knowledge and
experience this team brings to the firm amplifies our
already-strong high yield and investment grade corporate trading
and sales capabilities. I look forward to leveraging their deep
understanding of this industry and further strengthening our
business.”
Dyke Minix joins as Managing Director, Credit Trading and Sales.
Prior to joining the firm, Mr. Minix served as a credit trader and
Head Retail Trader at Hilltop Securities, specializing in
institutional and correspondent clearing for both investment grade
and high yield credit. Additionally, he previously served as
Account Manager at Valubond. Mr. Minix graduated from Indiana
University’s Kelley School of Business with a BS in Marketing.
Brendan Laird joins as Managing Director, where
he will be focused on institutional fixed income sales and trading.
He previously served as a credit sales-trader at Hilltop Securities
and is a former United States Marine. Mr. Laird earned his BA in
Political Science from John Carroll University and a JD from John
Marshall Law School.
Deepak Devaraj joins as Director, focusing on
institutional fixed income sales and trading. Prior to joining the
firm, Mr. Devaraj served as an institutional fixed income trader at
Southwest Securities. Additionally, he previously started a food
truck company, The Grilled Cheese Truck, which was subsequently
sold to private equity group, Trilogy Capital Partners. Mr. Devaraj
earned his BS in Business Administration from Texas A&M
University.
Seamus Laird joins as Vice President, focusing
on institutional fixed income sales and trading. Prior to joining
the firm, Mr. Laird served as credit sales trader at Hilltop
Securities and an analyst at ULINE, a privately-owned B2B
distributor. Mr. Laird earned a BA in Political Science from the
University of Notre Dame.
Vesta Marks Jr. joins as Electronic Trading
Systems Administrator specializing in portfolio management,
investment analysis, portfolio construction, and risk management.
He previously served as Executive Director and Portfolio Manager at
Palmer Square Capital Management LLC, and as Portfolio Manager at
Semper Capital Management. Mr. Marks earned a BS in Mathematics
from the Massachusetts Institute of Technology.
About B. Riley FBR, Inc.B.
Riley FBR, Inc. is a leading investment bank which provides
corporate finance, research and sales and trading to corporate,
institutional and high net worth individual clients. Investment
banking services include initial, secondary and follow-on
offerings, institutional private placements and merger and
acquisitions advisory services, and corporate restructuring. The
firm is nationally recognized for its highly ranked proprietary
equity research.
About B. Riley Financial, Inc.
(NASDAQ:RILY)B. Riley Financial, through its
subsidiaries, provides collaborative financial services and
solutions tailored to fit the capital raising and financial
advisory needs of public and private companies and high net worth
individuals. The company operates through several wholly-owned
subsidiaries, including B. Riley FBR, a full-service
investment bank and institutional brokerage; Great American
Group, a leading provider of asset disposition, appraisal,
corporate advisory and valuation services; GlassRatner, a
specialty financial advisory services and consulting firm; B.
Riley Wealth Management, B. Riley Asset
Management and B. Riley Alternatives, which offer
investment management to institutional and high net worth
investors; Great American Capital Partners, which originates
and underwrites senior secured loans for asset-rich companies;
and B. Riley Principal Investments, which invests in or
acquires companies and assets with attractive return profiles.
Media Contact: Jo Anne McCusker B. Riley
Financial Media Relationsjmccusker@brileyfin.com (646)
885-5425
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