DFIM senior vice president and managing director Scott Prickett said this transaction brings together two teams that share a deep commitment to exceptional service in personalized client relationships.

SeaCap managing partner Laurie Nichols said that joining DFIM allows the firm to build upon SeaCap’s growth and successes while remaining focused on the value that we bring to our clients by focusing solely on fixed income.

According to the merger agreement, SeaCap will retain its name, assisting both groups to capitalize on the firm’s strong reputation among institutional and individual investors alike.

Both firms SeaCap and DFIM together manage $6.1bn in client assets.