Prudential Securities Inc. said David L. Levine has joined the firm as a vice president in its high-yield group.
Formerly a vice president in the corporate finance department of Ladenburg Thalmann & Co. Inc, Mr. Levine will focus on gaming and lodging companies. Before Ladenburg Thalmann, he worked in the investment banking division of Goldman, Sachs & Co.
He will report to Peter Horan, head of Prudential's high yield group. Prudential began its push into gaming and lodging with the hiring of equity analyst Joseph Coccimiglio last year and Scott Henry in March as managing director.
For the first half of the year, Prudential ranked 23d among managers of high yield bonds, lead-managing more than $320 million in five issues, according to Securities Data Co.
- Omri Ben-Amos