B. Riley Securities, a middle-market investment bank and subsidiary of B. Riley Financial, completed a series of hires to expand its market expertise across consumer industries. Robert C. Arnold joined as senior managing director of investment banking and has more than 20 years of experience in investment banking and across a range of consumer industries, including restaurants, apparel, retail, food and beverage, grocery and consumer products. Additionally, Anna Glaessgen and Jeff Lick joined as senior research analysts with B. Riley Securities’ equity research division, focused on expanding coverage across consumer growth verticals including beauty, personal care, luxury goods, retail and consumer products.
“This strategic expansion bolsters our established leadership across consumer industries and reinforces our commitment to providing differentiated insights into the sectors driving growth today,” Andy Moore, CEO of B. Riley Securities, said. “Robert brings a proven track record and significant industry experience to our investment banking team while Anna and Jeff add an important new dimension to our equity research coverage. We are pleased to welcome this talented group of professionals to B. Riley.”
Arnold will be based in San Francisco. He joined from Raymond James, where he served as a managing director and head of the North American restaurant practice for more than 12 years. Throughout his more than 20-year career, he has completed nearly 70 transactions with aggregate value in excess of $16 billion for more than 50 brands across consumer industries including restaurants, retail, food and beverage, grocery, apparel and consumer products.
Glaessgen is a chartered financal analyst with nearly a decade of experience in consumer equity research. Based in Miami, Glaessgen will be focused on expanding coverage across active/outdoor lifestyle as well as beauty and wellness. She most recently led coverage of consumer recreation and leisure as a vice president at Jefferies. Prior to joining Jefferies, she covered consumer recreation and leisure at SunTrust Robinson Humphrey (now Truist) and apparel, footwear and department stores at Telsey Advisory Group.
Based in Boston, Lick has more than 20 years of experience investing in and analyzing publicly traded consumer companies and partnering with corporate leadership and executive management teams. He spent the last 15 years as founder and portfolio manager for Galt Investments, a value-oriented consumer focused hedge fund, and previously managed a consumer focused portfolio for PAR Capital. He developed experience in the consumer sector, distressed situations and structured equity investing early on in his career working at Gordon Brothers, GE Capital and Triumph Capital.