Aegis Capital, the New York investment management firm, has hired Peter Hirsh as managing director for investments as part of a drive to further grow its wealth management offering. 

Hirsh joins from Janney Montgomery Scott where he served as a financial consultant. He began his career with Merrill Lynch in 1984 and later moved to Lehman Brothers where he worked for seven years. Over the following two decades, he specialized in investment strategies for high net worth clients and worked for the likes of Prudential, Advest and Oppenheimer. He manages a "substantial asset base" of around $1 million, the firm said. 

Aegis is trying to increase its presence in the regional wealth management market. Over the past year, the company has hired around 40 wealth advisors with annual production totals ranging between $250,000 and $4 million. Most recently, David Drucker joined from Oppenheimer in September, moving to Aegis' New York office. 

Aegis Capital has eleven branches across the US.