Career moves

The nature of municipal bonds is to help people, says Peter Hayes, "I really like that it's public purpose."

"After more than 36 years as investor and leader, Peter has decided the timing is right to begin his own retirement next year," said Rich Kushel, senior managing director at BlackRock.

"I am excited to lead the team through what will be an exciting period of growth in public finance," Anjali Sharma said.

This comes as the firm shores up its presence in Texas.

Dustin Avey and Jeremy Garber were named co-heads of public finance; Fairman, a 40-year veteran of the firm, will remain in an advisory capacity into 2024.

Rai joins Wells as senior strategist after he was let go by Citi in June.

The long-time high-yield muni manager left Nuveen in April when the firm settled a contentious lawsuit with Preston Hollow.

Jena Watson, who has nearly 30 years of experience, moved over from HomeBank.

When Los Angeles World Airports CEO Justin Erbacci steps down next month, Beatrice Hsu will step up as interim CEO.

The board named Jamie Asbury, the district's energy manager, to the top slot after an eight-month search.