Prudential Securities, New York, has hired Michael Durante as vice president and senior analyst covering specialty finance companies.
Mr. Durante moved to Prudential from McDonald & Co., Cleveland, where he had covered auto finance companies and other consumer finance firms.
Before that, he was an examiner at the Federal Reserve Bank of Cleveland.
At Prudential, Mr. Durante will initially limit his coverage to auto finance companies with several million dollars or less of market capitalization, including Mercury Finance, Credit Acceptance Corp., and Union Acceptance Corp.
The analyst will join four others in the financial services group reporting to Michael Culp, director of global research.