Broker-dealer WJB Capital Group is snapping up talent while it can, adding a trio of alternative investments veterans. The New York-based firm named John Newman co-head of healthcare research, Bryan Maher as director of lodging, gaming and leisure, and A.B. Mendez as vice president of Internet and social media.
“Fortunately and unfortunately, 2011 is providing growing, entrepreneurial firms like ours the opportunity to add more high quality talent to strengthen our product offering for our customers,” CEO Craig Rothfeld. “As the number of buy- and sell-side research analysts continues to shrink in the face of difficult conditions, we believe firms that offer a high-quality, idea focused research product will be rewarded in the marketplace.”
Newman and Maher join from Citadel Investment Group’s much-reduced investment banking unit, Citadel Securities. Newman was a senior analyst covering biotechnology and pharmaceuticals, while Maher was senior analyst covering lodging, gaming and leisure. Maher formerly led his own hedge fund, Maher Asset Management, later covering lodging, gaming and leisure at Collins Stewart and RBC.
Mendez most recently was a senior analyst at private equity fund GreenCrest Capital. He formerly worked at Twin Red Asset Management, Bank of America, Friedman Billings Ramsay and Thomas Weisel Partners.