Cohen & Co. last week opened a Los Angeles office for its middle market loan and CLO collateral management unit Emporia Capital Management. Cohen snagged David Ligon and Gary Kirshner from Union Bank of California, where they were group heads of the bank's equity sponsored lending team. The two join Cohen as managing directors.

The move will give Emporia a West Coast presence, as well as the ability to offer sponsored loan origination along with the unit's current middle market finance offerings, Chris Ricciardi, Cohen's chief executive, said last week.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.