Mesirow Names Mondi President

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CHICAGO — Chicago-based Mesirow Financial Inc. named its capital markets division president, Dominick Mondi, to serve as company president.

The board of directors this week selected Mondi to fill the role that's been vacant since 2011 when Richard Price was elevated to the top post of chief executive officer after the sudden death of James Tyree.

The appointment marks Mondi's latest move up the firm's leadership hierarchy since he joined the employee-owned, 80-year-old financial services company in 2008.

"Dominick has been a dynamic and effective board member and business leader who has the right mix of strategic vision and effective execution," Price said in a statement. "He knows our capabilities and culture, and has been able to realize synergies across businesses that have been very successful for our clients and the firm."

Mondi's appointment takes effect April 1. He will continue as co-manager of the capital markets division which he has helped expand. The business has more doubled its institutional sales and trading volume to about $35 billion during his tenure.

In the role of president, Mondi will focus on the strategic growth of the firm, capital investment policies and performance objectives. "I am excited to work with our businesses on the strategic growth of the firm and ways in which we can meet more of our clients' needs," Mondi said in the statement.

Mesirow hired Mondi in 2008 to lead its sales group. He joined the firm after spending 28 years at the now defunct Bear, Stearns & Co., where he was a senior managing director.

In 2012, Mesirow named Mondi president of the fixed-income capital market division, a new position established to better coordinate the work of the institutional sales and trading, public finance, and credit tenant-lease finance groups. He runs the group with Bruce Young, chief executive officer of the division.

The firm ranked 29th among senior managers last year working on 76 deals valued at $1.9 billion and in Illinois ranked 11th with 37 deals valued at $543 million, according to data from Thomson Reuters.

The firm has public finance offices in Chicago, Indianapolis, Houston, New York City, and San Francisco and employs about 13 professionals in its public finance banking group. The firm last year said its institutional sales and trading department had more than 150 employees with desks specializing in municipals, rates, corporates, preferred and non-agency mortgages.

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