Imperial hires Kenney and Cadden for institutional convertible sales

By Susanna Moon

Chicago, June 28 – Imperial Capital Group, LLC said it hired James P. Kenney and Kevin Cadden to form a dedicated convertible sales group.

“The group will be responsible for expanding Imperial Capital's credit sales and trading business further into convertible products while working with a team of seasoned trading and research professionals to provide its institutional clients with valuable market color, trading ideas and excellent execution in both the fixed income and equity markets,” according to a company announcement.

Kenney joins the firm as a managing director in the convertible credit sales group in New York. He has more than 26 years of convertible securities sales experience, including 17 years with Goldman Sachs Group Inc., where he was a managing director and head of convertible bond sales. Before that, Kenney spent nine years with Prudential Securities, Inc., where he began his convertible securities sales career as a senior vice president. Kenney has a BA in Economics from Denison University.

Cadden was hired as a managing director in the convertible credit sales group with more than 24 years of industry experience, the release said. Cadden was a senior institutional convertible salesperson, most recently at Goldman Sachs for nine years and JPMorgan for seven years. Before working in the convertible business, he spent more than seven years in equity derivatives marketing and structuring at Merrill Lynch and Bear Stearns. He graduated from Columbia University with a BA in economics and holds an MBA from the Kellogg School of Management at Northwestern University.

"With the hiring of James and Kevin, we are able to provide our institutional clients with a team of veteran sales and trading professionals specializing in the convertible bond marketplace," Tom Corcoran, president of Imperial Capital, said in the press release.

Imperial is an investment bank based in Los Angeles.

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