First Beverage Group has appointed an investment banker to become one of its managing partners.

Townsend Ziebold will join the four existing senior partners of First Beverage Group, and will be responsible for developing the company's investment banking practice further, including its mergers and acquisitions advisory business, the firm said yesterday (9 May).

Ziebold has around 25 years of experience in investment banking and private equity at The First Boston Corp, Wasserstein Perella & Co, and Wasserstein & Co.

He will head up First Beverage's New York office.

First Beverage is a Los Angeles-based financial services firm for the beverage industry.