Avondale Partners, an independent investment banking and wealth management firm, is setting up an office in New York.

The Nashville, TX-headquartered firm has hired John Cuddeback, from the New York office of BMO Capital Markets, and Dana Lambert, from Royce & Associates, New York, to lead the new office.

Lambert has worked both on the buy and sell side. Most recently he was an assistant portfolio manager at Royce & Associates, where he had worked since 2007.

Cuddeback was a director of institutional equity sales at BMO Capital Markets, covering accounts in New York and across the Midwest.

The firm also has offices in St Louis, MO, Chicago, IL, Boston, MA, San Francisco, CA, and Baltimore, MD.