Stone & Youngberg Takes On Sales Professional for Chicago

CHICAGO - Furthering its effort to branch out beyond its solid California-base, Stone & Youngberg LLC has hired its first sales professional dedicated solely to municipal products for its two-year-old Chicago office, the firm announced this week.

Jeffrey T. Parker joined the firm's institutional sales and trading group as a vice president. Parker has worked in municipal sales for the last 12 years, most recently at RBC Capital Markets in its municipal sales group, where he was a vice president.

"Jeff brings a wealth of experience to our institutional municipal sales team," Rich Beames, sales manager and a managing director, said in a statement. "In addition, he is uniquely positioned to access a robust network of clientele that will enhance Stone & Youngberg's continued growth in the Midwest."

Parker joins a staff of six others in Chicago that includes several taxable sales professionals, analysts, and one mortgage trader. While the sales professionals sometimes do sell municipals, Parker is the first addition to the office to focus solely on tax-exempt sales.

The firm hopes to continue its expansion in the Midwest with additional hires, an official said. The firm currently does not have a banker located in Chicago.

The 77-year-old private investment bank has offices in San Francisco, Los Angeles, San Diego, and Big Bear Lake, Calif., along with offices in New York City, Chicago, Phoenix, Richmond, and Annapolis. The firm has a banking staff of about 40. The firm earlier this year added three additional public finance utility bankers from the shuttered UBS banking staff.

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