New York-based institutional broker dealer R.W. Pressprich & Co. has added two managing directors to its credit sales team.

John Finnegan most recently worked at Sterne Agee after a long tenure at UBS.

Robert Bobby Cummins previously served as managing director and head of U.S. fixe-income distribution at CIBC World Markets.

The hires are part of a continuing plan to expand the firm’s high-yield and high-grade fixed-income teams, according to Joseph Calvo, R.W. Pressprich president and COO.