Stifel completed several key hires within its municipal securities group. John McShane, Edward Murray, Joseph Muscatello and Michael Wolf joined Stifel’s public finance department as managing directors. Additionally, Rachel Perlman, Craig Burdulis and Maryanne Kelly joined the firm’s municipal capital markets practice. Perlman is a director in the institutional sales group while Burdulis is a director on the underwriting team. Kelly joins as a vice president and provides underwriting and sales support.
The Pennsylvania-based team moved to Stifel from Boenning & Scattergood, expanding Stifel’s presence in the Mid-Atlantic region to include eight public finance bankers serving local communities, municipal agencies and not-for-profit borrowers alongside Stifel’s nationally recognized higher education team in Pittsburgh.
“The addition of this team represents our continued commitment to serving our issuer clients and expanding our national footprint, which now has over 30 Public Finance offices,” Peter Czajkowski, head of the municipal securities group at Stifel, said. “The group of experienced professionals coming on board is complementary to our existing practice in Pennsylvania and allows us to better serve the Mid-Atlantic region. We are pleased to now support our local clients with a full-service regional municipal underwriting and sales desk in Conshohocken.”
“We continue to opportunistically build out our platform,” Betsy Kiehn, head of the municipal capital markets team at Stifel, said. “Stifel finished 2021 as the number two ranked underwriter of negotiated taxable municipals by par and number one by issues. We are seeing more opportunities to work with our colleagues across the fixed income capital markets platform to distribute our municipal product and better serve our customers on the buy-side.”