Marathon Capital LLC, a financial advisory and investment banking firm, has launched its equity research group with the addition of Alex Kania as lead analyst and Chandni Chellappa as vice president. The two will be responsible for producing research in addition to further building and developing Marathon Capital’s efforts in this area.

Kania was most recently a director at Wolfe Research where he produced and contributed to coverage of the utilities, clean energy and midstream energy sectors. Kania brings more than 20 years of equity research experience to Marathon Capital. Prior to Wolfe Research, Kania was a vice president at Bank of America Merrill Lynch where he produced equity research on the electric utilities sector.

Chellappa was most recently a vice president at Credit Suisse in the research department and a member of the team that covered the clean and sustainable energy sectors. She began her career at Micron Technology as a process and equipment engineer.