Tim Sullivan joined B. Riley Financial as head of fixed income with B. Riley Securities.

“The expansion of fixed income is an important and natural next step in the continued growth of our platform,” Bryant Riley, chairman and co-CEO of B. Riley Financial, said. “Our team has led approximately $1.5 billion of corporate debt and preferred stock offerings year to date. We continue to see increasing uptake by our clients for our expertise in structured products in addition to our enhanced institutional and retail distribution capabilities. With the addition of Tim’s expertise and proven leadership in high-yield and credit sales and trading, we are confident in our ability to aggressively grow our fixed income division to enhance the value we deliver to our clients.”

Previously, as president of Imperial Capital, Sullivan was responsible for leading the investment bank’s sales, trading and research business. He joined Imperial Capital in late 2019 as managing director and head of U.S. credit. Sullivan has more than 25 years of industry experience and has held various senior positions in fixed income, including as head of high yield sales and trading at Jefferies Group and as managing director in credit trading at UBS.

“B. Riley has established its leadership in providing differentiated solutions to address the evolving needs of its clients, be it yield enhancement, cash flow optimization or navigating market risk and interest rate volatility,” Sullivan said. “I look forward to working with the team in growing B. Riley’s fixed income business and further enhancing its client relationships.”

Andy Moore, CEO of B. Riley Securities, will be leading the expansion of the firm’s fixed income division in coordination with Sullivan.