Our Team


At Union Gaming, we believe our people are what truly set us apart. The team is a diverse mix of Wall Street and gaming industry professionals, and the tying of the two together across institutional research, sales and trading, investment banking, and Analytics, allows us to serve our clients in a unique and differentiated way.

Asia Pacific

Rich Moriarty

Managing Director, Head of Global Distribution

Rich Moriarty co-founded Union Gaming in 2009 after spending 12 years on Wall Street predominantly in specialty sales and distribution roles. Prior to the formation of Union Gaming, Mr. Moriarty acted as a Director within the Institutional Client Group at Deutsche Bank, leading several landmark equity and equity-linked transactions in the global gaming space over his tenure, as well as specialty distribution roles at Lehman Brothers, now Barclays Capital, and Susquehanna International Group.

Grant Govertsen

Managing Director, Head of Asia Equity Research, Macau

Grant Govertsen co-founded Union Gaming in 2009 after spending 12 years on Wall Street predominantly in equity research covering the gaming sector. Mr. Govertsen was responsible for establishing and developing the company’s presence in Asia in 2011, and today remains the only gaming analyst based in Macau. Prior to Union Gaming, Mr. Govertsen was based in Las Vegas with Deutsche Bank Securities covering global casino operators and gaming technology companies. Mr. Govertsen began his career in the financial services industry with Coopers & Lybrand, now PricewaterhouseCoopers (PWC).

Jack Hernandez

Director, Head of Structured and Leveraged Finance, Hong Kong

Jack Hernandez joined Union Gaming in 2016 to focus on debt finance in Asia and North America after spending 10 years in investment banking. Prior to Union Gaming, Mr. Hernandez worked at Deutsche Bank in Hong Kong for 3 years focused on Structured Finance in Macau, India and Southeast Asia. Previous to his work in Hong Kong, Mr. Hernandez worked at Deutsche Bank in New York for 7 years focused on Leveraged Finance in the gaming, lodging and leisure industry. Mr. Hernandez graduated from Indiana University with a dual major in Accounting and Finance.

Felicity Chiang

Associate, Asia Equity Research, Macau

Felicity Chiang was the first to join Union Gaming in Asia, opening the Macau office in 2011 alongside Grant Govertsen. Prior to joining Union Gaming, Ms. Chiang graduated from Imperial College in London, where she received the Special Scholarship issued by the Macau Government in 2007, and has a Msci (HORNS) in Chemistry and Medicinal Chemistry. Day to day responsibilities for Ms. Chiang include proprietary research, financial modeling, and client relations. Ms. Chiang was born and raised in Macau.

Americas

Bill Lerner

Managing Director, Head of Investment Banking, Las Vegas

Bill Lerner co-founded Union Gaming in 2009 after spending 14 years on Wall Street in sell-side research, and currently leads the firm’s investment banking practice. Prior to Union Gaming, Mr. Lerner was Managing Director and Senior Gaming & Lodging analyst at Deutsche Bank Securities, which followed ten years at Prudential Securities and Deutsche Morgan Grenfell. Mr. Lerner has been recognized by Institutional Investor as part of its “All American Research Team” and Wall Street Journal’s “Best of the Street.”

Rich Baldwin

Managing Director, Investment Banking, Head of Union Gaming Analytics, Las Vegas

Rich Baldwin joined Union Gaming in 2013. Mr. Baldwin has spent over 20 years in corporate finance, M&A, investor relations and general operational management spanning the global gaming industry. Prior to Union Gaming, Mr. Baldwin held several executive-level positions in the gaming industry, including Chief Financial Officer at Tropicana Entertainment, Executive Vice President & Chief Financial Officer at Shuffle Master Gaming (NASDAQ: “SHFL”) and Director of Corporate Finance & Investor Relations at International Game Technology (NYSE: “IGT”) and Anchor Gaming (NASDAQ: “SLOT”). Mr. Baldwin started his career on the client service side with Deloitte.

Mike Glynn

Managing Director, Chief Operating Officer, New York

Michael Glynn joined Union Gaming in 2012 and oversees the firm’s global risk, operations and compliance efforts. Mr. Glynn has over 19 years of leadership experience in the financial services industry, most recently as Chief Compliance Officer of Topeka Capital Markets and Director of Operations at Kellogg Partners. Mr. Glynn has also held leadership positions at Spear Leads and Kellogg, Fleet Securities and Morgan Stanley.

John DeCree

Director, Head of North America Equity/High Yield Research, New York

John DeCree has spent 10 years in capital markets focusing on the casino and gaming industry. Mr. DeCree joined Union Gaming in 2014 to focus primarily on North America equity research. Prior to joining Union Gaming, Mr. DeCree served as an equity research analyst at Telsey Advisory Group, covering the global gaming, lodging, and leisure sectors alongside Mr. Christopher Jones. Previous to his tenure at Telsey, Mr. DeCree spent 5 years in leveraged finance at The GMS Group focusing on the global gaming industry.

Kyle Lim

Vice President, Investment Banking, Las Vegas

Kyle Lim joined Union Gaming in 2017 after spending 10 years on Wall Street. Prior to joining Union Gaming, Mr. Lim worked as an investment banking and corporate development professional at Three Keys Capital, Cowen & Company, Guardian Life and UBS providing corporate advisory services to financial services and technology companies. Mr. Lim graduated from Brigham Young University with a bachelor’s degree in finance.

Nick Sanchilli

Vice President, Investment Banking, Las Vegas

Nicholas Sanchilli joined Union Gaming in 2018 after spending 7 years with Houlihan Lokey as a Senior Associate advising clients on special situation transactions and corporate restructurings. During his tenure at Houlihan Lokey, Mr. Sanchilli advised on both US and international transactions, including being part of the initial launch team responsible for the expansion of the firm’s restructuring operations in Asia-Pacific. Mr. Sanchilli graduated from the University of Southern California with a dual degree in business administration and accounting.

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Junni Yang

Analyst, Investment Banking, Las Vegas

Junni joined the Union Gaming team in 2018 as an Analyst, focusing on Investment Banking in North America and Asia. Prior to Union Gaming, Junni graduated from Columbia University with a Master’s Degree in Finance and Economics. Before going to school for her Master’s, she assisted with bond and money market products settlements at JP Morgan. She also helped Yenni Capital in New York to conduct deal origination, execution and post-transaction portfolio management. Previously, Junni was with Sinolink Security in China, where she assisted with a large IPO deal.

Bill Allsup

Director, Union Gaming Analytics, Las Vegas

Bill Allsup joined Union Gaming Analytics in 2014 after 10 years of corporate finance, business development and investor relations experience in the gaming industry.  Prior to joining Union Gaming, Mr. Allsup served as a senior financial analyst at Anchor Gaming and in the corporate finance and investor relations department at International Game Technology (NYSE:IGT). Mr. Allsup also worked as a controller in the business development department at Aristocrat Technologies, Inc.  Mr. Allsup started his career in finance at Barclays Global Investors and received a B.A. from The University of Washington.

Josh Marz

Vice President, Business Development, Union Gaming Analytics, Las Vegas

Josh Marz joined Union Gaming Analytics in 2018, after spending 17 years in key sales, marketing, and product management roles in the gaming technology industry.  Prior to Union Gaming, Mr. Marz was the vice president of corporate sales at both Interblock, and Scientific Games.  Prior to that, he was vice president of product management at Shuffle Master.  Marz has a B.A in Economics and a minor in Management from the University of California, Irvine and a B.S in Hotel Administration from the University of Nevada, Las Vegas.  Mr. Marz started his career in gaming as a casino analyst at the Venetian Resort Hotel Casino in Las Vegas.

Britton York

Analyst, Union Gaming Analytics, Las Vegas

Britton York joined Union Gaming Analytics in 2017. Mr. York worked as an intern for Union Gaming while attending University of Nevada, Las Vegas, where he graduated with a dual B.S.B.A. in Finance and Economics, with a concentration in Mathematics.

Emiri Fujimoto

Analyst, Union Gaming Analytics, Las Vegas

Emiri Fujimoto joined Union Gaming Analytics in 2018. Ms. Fujimoto worked as an intern for Union Gaming for her last semester of University of Nevada, Las Vegas, where she graduated with a B.S.B.A. in Economics.

Shaan Malani

Analyst, Investment Banking/Analytics, Las Vegas

Shaan Malani joined the Union Gaming team in 2018 as an Investment Banking analyst focusing on the Americas. Mr. Malani graduated from Emory University, Atlanta in May 2018 with a Bachelor’s of Science majoring in Mathematical Economics and Quantitative Sciences with a concentration in International Finance. During his sophomore year, Mr. Malani interned at Unilever where he assisted in launching a new household product followed by an internship at Deloitte as a management consultant in his junior year.

Rabekah Denrich

Head of Corporate Access & Broker Liaison, Las Vegas

Rabekah Denrich joined Union Gaming in 2015 to oversee and manage day-to-day office operations. Ms. Denrich previously spent four years in the entertainment industry, starting out at Lionsgate Entertainment as an executive legal assistant to the Executive Vice President of Business and Legal Affairs, before moving on to be a legal assistant at a leading boutique entertainment law firm in Beverly Hills, California. Prior to that, Ms. Denrich worked as an administrative assistant and assistant office manager at a healthcare insurance law firm in Baltimore, Maryland. Ms. Denrich graduated from the University of Maryland, College Park with a Bachelor’s Degree in Communication.