After 16 years as a municipal research analyst on the buy side of the market, Tom Weyl, vice president and director of research at Eaton Vance Management in Boston, will start the new year off with a new career on the sell side.
Weyl said he is leaving his current position, in which he has served for the past 14 years, to join Barclays Capital in its New York offices as a senior municipal credit analyst, effective Jan. 3.
William Delahunty, a 13-year veteran of Eaton Vance, will assume the role of director of research effective immediately, according to a press release from that firm. Weyl, however, said he will remain at Eaton Vance for the next week or so during a transition phase.
Delahunty will report to Cynthia Clemson and Tom Metzhold, co-directors of Eaton Vance’s municipal income group, which oversees approximately $15.9 billion of fund and separate account assets. Delahunty joined the firm in 1998 as a research analyst.
At Barclays, Weyl will put his extensive experience in credit analysis and municipal bond investment management to work on the sell side, and will fill the void left in Barclays’ credit research department after Peter DeGroot departed the firm in the spring to join JPMorgan as a municipal strategist, according to a source.
As director at Eaton Vance, Weyl has managed a staff of 12 municipal bond analysts and supervised credit selection and surveillance, among other responsibilities, and during his tenure, municipal assets under management have grown to $18 billion from $7 billion, according to information from the firm provided by Weyl.
Before joining Eaton Vance, he worked as an account executive in health care financial services at General Electric Capital Corp. in Oakbrook, Ill.
He also worked for four years as an analyst and then portfolio manager at Van Kampen Merritt Investment Advisory Corp. in Oakbrook. He was manager for three money market accounts and had cash management responsibilities for all of Van Kampen Merritt’s mutual funds, and later transitioned to corporate high-yield investments.
Weyl started in the industry in 1987 as a corporate finance associate in the investment banking division of the former Continental Illinois National Bank in Chicago, and has held various positions at major firms, such as Smith Barney, Harris Upham & Co. in New York City, where he was a health care finance associate, and MBIA Insurance Corp. in Armonk, N.Y., where he was a senior analyst in the health care department, before beginning his career at Eaton Vance 16 years ago as a vice president covering health care transactions.
Weyl has received many professional and trade accolades. This year, he was selected to join the Investment Company Institute’s Municipal Advisory Council as well as the Governmental Accounting Standards Advisory Council. He is also a member of the Society of Municipal Analysts, as well as several other professional and trade organizations and committees related to municipal government and finance.
Weyl is an eight-time member of the Smith’s Research and Gradings’ All-Star Municipal Analyst Team, including four selections as the top manager of a municipal research department. He received the Mertorious Service Award in 2009 from the National Federation of Municipal Analysts, of which he was chairman in 2007.
He received a master of business administration degree in finance and a bachelor of science degree in business management from State University of New York at Albany.