Berenson & Co. launched a debt capital markets (DCM) platform that draws on the firm's M&A advisory practice and expertise in the credit markets.
Debt market specialists Christopher Johnson, vice chairman, and Jack Lucid, managing director, on the Berenson's investment banking team, will run the firm's DCM platform.
As part of its DCM capabilities, the firm was recently granted FINRA approval to execute public underwritings of debt and equity.
"Berenson & Co. has a 20-year track record of successfully providing financing advisory and private placements of debt and equity to meet client needs. Moving into the public debt markets is a natural extension of our existing capabilities," said Jeffrey Berenson, president and CEO.
With more than 26 years of investment banking experience, Johnson was head of the restructuring advisory group for the Americas at Deutsche Bank Securities prior to joining Berenson. He also served as the co-head of global media, head of media Americas coverage, co-head of telecom Americas coverage and COO for Deutsche Bank's global TMT operating committee.
Prior to joining Berenson, Lucid was the CEO of Akarui Capital Partners, which was established to invest in the U.S. non-investment grade fixed income market. Before launching Akarui, Lucid served as managing director and head of loan capital markets at Jefferies Finance and was also a member of that firm's leveraged finance committee.