Seaport Hires David Troyer for High-Yield Debt Research

Seaport Group, the New York-based credit-market brokerage, hired David L. Troyer from Lazard Capital Markets LLC as a managing director to handle high-yield debt research tied to chemicals and industrial companies.

Troyer, 46, was ranked No. 1 by Institutional Investor Magazine for 11 consecutive years, according to a statement today from Seaport. He had worked at Credit Suisse Group AG (CSGN) for about eight years prior to his stint at Lazard Capital, industry records show.

Seaport, founded in 2001 as a distressed-debt broker, has about 200 employees who trade bonds, private placements and structured products, according to its website. Analysts such as Troyer write reports on companies that the brokerage sends to its investor clients.

Michael Meagher and Stephen Smith started the firm, according to its website. Its co-head of sales and trading, Drew Doscher, resigned last month after a dispute, a person with knowledge of the matter said at the time.

Sea Port Group Securities LLC, the company’s brokerage unit, earned $2.6 million from $80.1 million of revenue in 2011, the latest data available, according to a regulatory filing.

To contact the reporter on this story: Zeke Faux in New York at zfaux@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net