Drake bows showbiz arm

Rockwell to head Santa Monica-based outfit

Brokerage and investment banking firm Drake & Co. Inc. has formally unveiled a Santa Monica-based entertainment division, to be headed by financial analyst Arthur Rockwell.

He will oversee Drake’s expansion into the entertainment, leisure and media industries.

The division will provide specialized research and advice to institutional and individual clients in such areas as motion pictures, TV programming, the music biz and theatrical exhibition.

Rockwell formerly was a chartered financial analyst, in charge of entertainment, at Los Angeles-based Yaeger Capital Markets. He has worked at a variety of other investment firms, and served as a corporate exec at both MGM and Turner Entertainment Co.

Drake & Co. was formed out of a merger between Drake Capital Securities and Paragon Capital Corp. Company headquarters are in New York.

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