LOS ANGELES, CA--(Marketwire - Feb 16, 2012) - Imperial Capital, LLC, a full service investment banking firm, today announced a new leadership appointment designed to drive the franchise's ambitious growth initiatives in the US and abroad. Tom Corcoran, currently Managing Director and Head of Imperial Capital's High Grade/Hybrid Sales & Trading Group, has been named President of Imperial Capital, LLC. Tom will be charged with leading the investment bank's fixed income platform through its next phase of expansion. Randall Wooster, Imperial Capital's current President, will assume the role of Chief Executive Officer of Imperial Capital, LLC.

"Over the past 12 months, we significantly expanded our sales and trading force to over 80 professionals and our employee base to over 205 employees. We have established Imperial Capital International, our UK affiliate, in London and expanded our New York and Los Angeles offices with highly qualified sales, trading and research professionals," said Jason Reese, CEO of Imperial Capital Group. "Having a forward thinking leader like Tom, with a proven fixed income sales & trading background, as President of Imperial Capital, LLC is invaluable to the growth of Imperial Capital's franchise in the US and UK."

Mr. Tom Corcoran, a veteran with 25 years of fixed income experience, joined Imperial Capital in early 2011 with a team of 14 professionals to form Imperial's High Grade/Hybrid Sales & Trading Group thereby expanding Imperial Capital's fixed income platform. Prior to joining Imperial Capital, Mr. Corcoran spent the bulk of his career at Lehman Brothers Inc. serving there for 22 years. At Lehman Brothers, Mr. Corcoran was a Managing Director running their investment grade business. Most recently, Mr. Corcoran was a Managing Director in the Fixed Income Group at CF Global Trading, LLC. Mr. Corcoran earned a Bachelor of Arts from Harvard University.

"I am pleased to assume this appointment as President during this time of expansion for Imperial Capital and I look forward to continuing to demonstrate our ability to analyze and trade the entire corporate capital structure for our domestic and international institutional clients," said Tom Corcoran.

About Imperial Capital, LLC
Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, San Francisco, Minneapolis, Boston and Chicago. The firm currently employs over 205 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. Imperial Capital provides institutional clients research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at www.imperialcapital.com.

About Imperial Capital (International), LLP
Imperial Capital International, founded in 2011, is an affiliate of Imperial Capital, LLC with an office in central London. Complementing Imperial Capital's existing fixed income sales and trading franchise, Imperial Capital International expanded the Imperial Capital franchise into the UK. The company focuses on selling the entire credit spectrum and capital structure to its European institutional clients.