Private debt placement slowed in 2013, but Prudential Capital Group bucked the trend by taking a bigger bite out of the market.
Gregory V. Johnson, a 23-year veteran of Bank of America, joined Global Capital Advisors at the beginning of December.
The business will seek out investment opportunities in the subinvestment-grade and mezzanine debt of middle-market issuers.
Frank Conley, formerly the head of private placements at UBS Securities, left the bank in July.
Bank of America Merrill Lynch held on to its long-running number one spot on the league tables for the first half of 2013, but another bank is nipping at its heels.