Avondale Partners Expands into New York

NASHVILLE, Tenn., June 10, 2013 /PRNewswire/ -- Avondale Partners, an independent investment banking and wealth management firm headquartered in Nashville, today announced it is expanding to New York City.  The new office will be led by John Cuddeback, from the New York office of BMO Capital Markets, and Dana Lambert, from Royce & Associates, New York.

"Avondale is strategically focused on expanding our market coverage to maximize the reach and effectiveness of our equity research product," said Bill Hirschman, head of equity capital markets at Avondale. "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."

A boutique investment banking firm, Avondale's equity research product is central to the firm's business model with a coverage list of approximately 160 companies across six major industry sectors. The firm has relationships with more than 400 institutional clients in the U.S., Canada and Europe and serves as market maker for over 200 stocks through its equity trading desk.

Lambert has a combined nineteen years of experience on the buy side and sell side. He 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. His sell side experience includes serving as a vice president in equity research at Lazard and as a senior analyst at Schroder & Co., both in New York.

Cuddeback joins Avondale 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.  He served as an institutional sales associate at Blackwood Trading in New York and played an instrumental role in the start-up E-commerce venture Maritime Direct, serving as COO.

"There are currently very few firms like ours looking to expand into new markets," said Pat Shepherd, CEO of Avondale. "This move makes a statement about our confidence in the quality of our research product and our commitment to the equity capital markets business.  We look forward to using the experience of John and Dana to grow our firm and strengthen client relationships."

Avondale Partners is an independent firm specializing in capital markets, investment banking, and wealth and asset management.  Visit www.avondalepartnersllc.com.

SOURCE Avondale Partners