GW Equity, a Dallas-based mid-market investment bank, is to open a new office in New York and appoint Daniel Parrett as a managing director to run it.
The firm plans to recruit about six people for the new office over the upcoming six to twelve months, according to a spokeswoman for the bank. The final tally will probably include four to five bankers and one to two personnel for research and support.
Parrett will officially begin his new appointment on August 15. His new responsibilities include working on mergers and acquisitions, leading the firm's efforts in private equity, and acting as a liaison between investors and the deal-making team in New York.
He will report to executive vice president of mergers and acquisitions Dwight Jacobs, who is based in Dallas.
Parrett comes to the firm after two decades at Citigroup, where he was a managing director in the capital strategies middle market investment bank in New York. He also spent three years at health insurer Cigna as a director in corporate development, and as a senior consultant for three years at management consulting firm Booz Allen Hamilton.
GW Equity also has offices in London, Toronto, Shanghai, Zurich, and Dusseldorf.