B. Riley FBR, an investment bank and subsidiary of B. Riley Financial Inc. in Woodland Hills, has hired Daniel Leland as head of Fixed Income Capital Markets, the company announced Thursday.

Leland will oversee institutional sales and trading and the Fundamental Broker Inter-Dealer group, which offers dealer-to-dealer brokerage services for institutional investment dealers.

Prior to joining B. Riley, Leland served on the management team at Southwest Securities from 1995 to 2017, where he expanded the fixed income and equity business. He brings more than 30 years of capital markets and fixed income trading and underwriting experience to B. Riley.

“Dan’s experience with building a fixed income capital markets operation, combined with his successful track record and extensive industry expertise, enables us to expand and strengthen our existing fixed income platform,” Bryant Riley, co-chief executive, said in a statement.

Shares of B. Riley (RILY) closed Thursday down 20 cents, or 1.1 percent, to $18.60 on the Nasdaq.