Academy Securities has hired Bill Laverty as managing director and head of its municipal underwriting department.
Laverty has over 40 years of experience in municipal bond underwriting, trading, and public finance for both institutional and retail investment banks. He has broad experience throughout the maturity spectrum developing and marketing an extensive range of innovative bond issues and structures. He also has deep client relationships with issuers and investors, which Academy said it is very excited about.
“Bill is an excellent example of Academy continuing to build its presence in the municipal market,” said Rick Kolman, head of the municipal securities group at Academy. “We have made great strides underwriting a wide variety of municipal credits over the last few years ranking in the top 20 as a co-manager of new issue underwriting which includes negotiated and competitive transactions. Bill's in-depth experience will play a critical role in our continued growth.”
Kolman indicated that prior to joining Academy, Laverty had worked in various managerial positions at Fidelity Capital, Bank of America Securities and JPMorgan Securities. He served as senior manager on a number of large negotiated transactions, which will help Academy as it pursues senior manager opportunities. Academy will be senior manager for an upcoming state of California Department of Veterans Affairs transaction of about $80 million.
"Academy has made some critical additions to the municipal team over the past year in our trading/sales group as well as public finance. Bill is an excellent addition to the team and will play a critical role as we continue to expand our presence in the Public sector as both a co- and senior manager on bond transactions" said Phil McConkey, Academy's president.
"This is a very exciting time for Academy Securities as we expand our presence in a wide variety of capital markets business lines while continuing to give our returning veterans opportunity to start a career in finance" added Chance Mimms, Academy's CEO.
