Miller Tabak creates investment-grade group, expands high yield, convertibles, emerging markets

By Devika Patel

Knoxville, Tenn., April 2 - Miller Tabak Roberts Securities, LLC said it has expanded several of its departments by hiring new talent. It also said it has created an investment-grade group.

The company has hired seven people in its high-yield department.

The institutional sales team is led by Michael Morriss and Jerry Connor who joined Miller Tabak from Banc of America Securities, where they were both managing directors in high-yield sales. They previously worked at Morgan Stanley.

The company also hired Mitchell Weiman from Friedman Billings Ramsey, Michael Bruns from GFI Securities, Steven Patricola from Sailfish Capital, Eric Riffer from Citigroup and Marc Moser from Investec Ernst.

Jeff Jones joins Miller Tabak from Barclays to trade high-yield gaming and industrial credits.

Lou D'Anella, who had been at Merrill Lynch, also joins the company's convertible sales team.

The company expanded its emerging markets department to include trader Vincent Arrigali, who previously worked at Standard Bank Securities. This department also will include Luis Eguia in Dallas and Marisol Banuelos in Miami. Luis previously worked at Merrill Lynch and Marisol was formerly in Miller Tabak's investment placement group.

Miller Tabak has also created an investment-grade department by hiring Lori Samuels and Bill McManus. Lori joins the firm from UBS, where she was a veteran high-grade salesperson, and Bill previously worked at Merrill Lynch.

"Miller Tabak continues to take advantage of opportunities to expand thoughtfully the business both in attracting outstanding personnel and in developing product lines that are complementary to our existing businesses," chief executive officer Robert Schoenthal said in a press release. "Miller Tabak is well capitalized, growing profitability and building market share. Most importantly, we are strengthening our relationships with and helping to provide liquidity to our institutional customers."

Miller Tabak is a New York brokerage firm.

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