Imperial Capital, LLC ("Imperial Capital") announced today the addition of senior high yield professionals, James Book, institutional sales professional and Daniel Derman, senior distressed trader. Mr. Book and Mr. Derman join Imperial Capital's High Yield & Distressed Credit Group as Managing Directors based in New York. The two hires expand Imperial's global high yield institutional coverage in the US.

"We are pleased to welcome Jim and Dan to our team as they bring with them a distinguished track record of success and key relationships to complement our fixed income franchise," said Tom Corcoran, President of Imperial Capital. "The depth of their product knowledge and experience will enhance our ability to provide value for our institutional clients."

James Book joins Imperial Capital as a Managing Director in the High Yield Credit Sales Group in New York. Mr. Book has over 25 years of industry experience, most recently as a Director of High Yield Credit Sales with BNP Paribas Securities Corp focusing on US and European High Yield, Leveraged Loans and distressed debt. Prior to BNP Paribas, Mr. Book was a founding partner and Head of Trading at Normandy Hill Capital L.P, a distressed and event-driven investment management company. Earlier in his career, Mr. Book held various positions as a trader with Angelo, Gordon & Co., Goldman Sachs & Co., and ING Barings (U.S.) Capital Corp, Lehman Brothers, Inc., and CoreStates Bank, N.A. Mr. Book attended Duke University where he earned his dual degree in Economics and Political Science.

Daniel Derman joins Imperial Capital as a Managing Director and Senior Trader to help drive the firm's distressed and special situations trading business. Mr. Derman brings over 20 years of experience in the fixed income markets with a focus on leveraged and distressed credit. Most recently, Mr. Derman was engaged in a private investment project and led several privately negotiated transactions. Previously, Mr. Derman was a senior trader with Aristeia Capital and Silver Point Capital. Mr. Derman has also held various senior positions with Bear, Stearns & Co. Inc. and GE Capital Markets Services, Inc. Mr. Derman earned a BA in Economics from Colgat