When opportunity knocks, Stan Grayson, president and chief executive officer of M.R. Beal & Co., answers.

With one major Wall Street firm closing down and another refocusing its operations elsewhere in the municipal market, Grayson began scoping out available talent that would help broaden the coverage and capabilities of the muni bond desk at the New York City-based investment bank - part of an ongoing growth strategy that had been in place for the last 18 months.

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