CHICAGO — Atlanta-based Jackson Securities LLC last month hired public finance banker James F. Carter for its existing Chicago office, which has lacked a local banker since the departure of Dudley Brown in 2007 following a management shake-up.
Carter started last month as an associate. He reports to W. Bruce Gow, a managing director and chief product officer at Jackson. Carter is a generalist who most recently worked for Cabrera Capital Markets in Houston. He also previously worked for JPMorgan in New York City as an analyst in asset-backed securitization. He left Cabrera to return to his hometown in Chicago to earn a MBA at DePaul University.
“He’s a bright and talented banker with a good variety of experience. James’s hiring fits in well with our ongoing plan to strategically expand our public finance presence,” Gow said. “Chicago is a very important market to us and we’ve always thought it was important to have a banking presence there.”
The firm was founded 22 years ago by former Atlanta Mayor Maynard Jackson, whose Chicago ties lie in his stint as a bond attorney at Chicago-based Chapman and Cutler LLP, Gow said.
Brown was previously chief executive officer of Jackson Securities, a unit of Atlanta Life Financial Group, but he left in the summer of 2007 in a management shake-up and last year joined Blaylock Robert Van LLC to lead its Midwest expansion.
Gow said he hopes soon to announce another banking hire as Jackson Securities seeks to slowly and steadily grow its public finance group. The firm last year hired Jacqueline B. Knights as managing director in its public finance group to focus on clients in the northeastern and mid-Atlantic states from her base in Stamford, Conn.
The firm currently employs eight public finance bankers in offices in Atlanta, Chicago, New York, Dallas, Los Angeles, Miami, and Stamford, along with six municipal sales and trading professionals to serve the municipal trading desk based in Stamford.
The firm served nationally as senior manager on three deals last year totaling $105 million to rank 89th among senior managers while serving as a co-manager on 81 deals totaling $3.2 billion to rank 18th. The firm ranks 117th so far this year as a senior manager and 21st as a co-manager, according to Thomson Reuters.