Morgan Joseph & Co. has hired Joe Galzerano to the new position of senior v.p. and high-yield analyst. Howard Goldberg, head of research and one of three principals at the firm, says Morgan Joseph continues to build its nascent high-yield effort, and hopes to make another research hire and also add to its sales desk. The bulk of the 14 person high-yield team came over from Libra Securities last month.
Galzerano's last position was at CIBC World Markets, where he covered the media and telecom sectors. He will continue to cover those sectors, and eventually add additional coverage, Goldberg says. Galzerano was part of a group of analysts recently let go from CIBC.