Nashville based Avondale Partners, an investment banking and wealth management firm, has launched a new office in New York City.
The new office will be headed by two new recruits John Cuddeback, from BMO Capital Markets New York, and Dana Lambert, from Royce & Associates, New York.
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Head of equity capital markets Avondale, Bill Hirschman, said: "Avondale is strategically focused on expanding our market coverage to maximize the reach and effectiveness of our equity research product."
"We believe our mission of fostering collaborative client relationships is best served by being on the ground in New York. John and Dana epitomize the character, experience and drive it takes to move our relationship strategy forward in very meaningful ways," he added.
Lambert holding 19 years of experience on the buy and sell side, has served as an assistant portfolio manager at Royce & Associates since 2007 where he analyzed small-cap equities and contributed ideas to several Royce Fund portfolios.
He also served as a vice president in equity research at Lazard and as a senior analyst at Schroder & Co., both in New York.
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By GlobalDataCuddeback joins the firm from BMO Capital Markets where he was a director in institutional equity sales for 11 years, covering accounts in New York and across the Midwest.
Cuddeback also served as an institutional sales associate at Blackwood Trading in New York and played an instrumental role as COO in the start-up E-commerce venture Maritime Direct.
Avondale’s equity research product has extended its coverage in 160 companies across six major industry sectors.
The firm has relationships with more than 400 institutional clients in the US, Canada and Europe and serves as market maker for over 200 stocks through its equity trading desk.
