Andrew Stotland has left Amroc Investments for Samco Capital Markets to source bank debt and bonds. Samco opened an office near Penn Station last year, and is a brokerage house based out of Dallas. It focuses on bank debt and bonds but also does some work in equities. Stotland reports to Scott Siemers, senior managing director.
Since late 1999, Stotland was a sourcer at Amroc who focused on distressed bank debt. Stotland could not be reached for comment but is said to have wanted to expand his focus to bonds while remaining in the bank-debt market. Amroc closed its broker-dealer business around Labor Day, but kept its private debt operations open, according to founder Marc Lasry (LMW, 10/29). Stotland was not among the 20 salespeople laid off by Amroc.