D.A. Davidson strengthened its fixed income capital markets group with the addition of Dan Fiandaca as managing director of brokered CD underwriting.
Fiandaca joins Nathan Wiley and Chris Lenihan on D.A. Davidson’s existing CD underwriting desk and will lead the team from the firm’s New York City office. Brokered CD underwriting is one of several lines of business at the firm that service financial institution clients. The team complements D.A. Davidson’s expertise in mergers and acquisitions, strategic advisory, capital raising solutions for both public and private institutions, debt issuance, loan trading and wealth management.
“Dan’s depth of knowledge, deep relationships and outstanding reputation in the business provides an expanded level of leadership to our team and an additional level of experience to our CD underwriting desk,” Nick Licciardi, managing director and head of taxable fixed income at D.A. Davidson, said. “We are proud of our strong bank focused business and will continue to provide value-added services dedicated to the firm’s clients.”
“Liquidity has been a primary focus in the industry over the last several quarters. We understand our bank clients need this funding, and we are working hard to provide them with the highest level of service and execution possible,” Fiandaca said. “D.A. Davidson has a substantial existing CD underwriting business, and we have a significant opportunity to grow from this foundation.”
Fiandaca brings more than 17 years of market experience with 13 years dedicated to developing underwriting and distribution relationships. He previously co-established the CD underwriting desk at Fidelity Capital Markets.
