CHICAGO — San Francisco-based Grigsby & Associates has added two public finance bankers to its Chicago staff and opened a St. Louis office to bolster its issuer relationships and technical prowess as it aims for more senior-manager work.
The firm recently hired Pamela Mobley and Wayne Pierce. They joined the Chicago office as managing directors. The firm also recently opened a St. Louis office and hired retail sales and marketing specialist James Hill.
“These additions are professionals who people know and they know what they are capable of doing,” said Alvin Boutte Jr., managing director and partner. “We are trying to add to our technical banking capabilities as we hope to move up in the senior-manager rankings.”
Boutte has long known Mobley and said he frequently has asked her to join Grigsby. “Everyone knows Pam and her professionalism. She has great relationships with issuers in the Midwest,” he said. Mobley most recently worked as an adviser at TKG & Associates. She previously held public finance banking positions at Siebert Brandford Shank & Co. and Samuel A. Ramirez & Co.
Pierce most recently was president of the Oak Park Residence Corp., a nonprofit that provides moderate-income housing assistance. He has held several public finance banking positions, including one at Clayton Brown & Associates.
“Wayne has a niche in housing and the suburban markets,” Boutte said of his appeal. The two join Boutte and Susan Homeier in the Chicago office.
Hill joined the firm as a vice president and will lead the push to capture more state work in Missouri. He most recently was a vice president at Toussaint Capital Partners. He was on the Missouri Development Finance Board from 2004 to 2008 and began his finance career at the former A.G. Edwards & Sons Inc.
“James Hill brings a tremendous amount of kindred relationships and knowledge of the St. Louis and Missouri marketplace,” Boutte said.
The additions follow a series of hires last year to Grigsby’s investment banking teams in Chicago, New York City, and San Francisco, and to its sales and trading desks in New York. The firm employs about 10 bankers and another six sales people and traders in its offices that also include Atlanta, Birmingham, Ala., Los Angeles, Miami, and Shreveport, La.
The firm ranked 35th last year as a co-manager in the Far West and 31st as a senior manager. It ranked 18th among co-managers on Midwestern deals last year, but it did not rank among senior managers. It ranked 96th last year among senior managers nationally and was 41st among co-managers, according to Thomson Reuters.
This year, Grigsby senior managed a $12.8 million deal for a Chicago suburb and a $6 million deal for a Florida city. Its largest senior-managed deal was in 2009 for $108 million for a California municipality.
