Imperial Capital, LLC, a full-service investment banking firm, announced a new leadership appointment designed to drive the franchise’s ambitious growth initiatives in the U.S. 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. Corcoran 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 CEO 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.”

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 Imperial Capital, Corcoran spent the bulk of his career at Lehman Brothers Inc. serving there for 22 years. At Lehman Brothers, he was a managing director running their investment grade business. Most recently, Corcoran was a managing director in the Fixed Income Group at CF Global Trading, LLC. He 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 Corcoran.