Imperial Hires Ex-Barclays Banker Gold for Emerging Markets Debt

Imperial Capital Group, the brokerage and investment-banking firm, hired Andrew Gold as a managing director to oversee sales and trading of emerging markets credit.

Gold will be based in New York and work with institutional clients of the U.S. broker-dealer operation and a U.K. affiliate, Imperial said in statement Wednesday. He spent most of his career at Barclays Plc, leaving the bank last year, and previously worked at Credit Suisse Group AG.

Imperial is creating an emerging markets group as part of its growth strategy. The Los Angeles-based firm this month hired Peter Schellbach to increase trading capabilities for distressed and special situations.

“We are thrilled to welcome Andrew,” Imperial President Tom Corcoran said in the statement. “The depth of his product knowledge and client relationships globally will enhance our ability to provide value for our clients and our growing franchise.”

Barclays has been cutting jobs at its investment bank and shrinking its fixed-income operation as the London-based company focuses on businesses such as consumer banking amid regulators’ demands for lenders to hold larger capital buffers. Mark Lane, a spokesman for Barclays, declined to comment on Gold.

Gold has an MBA from Columbia University and a bachelor’s degree from University of Pennsylvania’s Wharton School. He will report to Corcoran.