CHICAGO – D.A. Davidson & Co. has added former William Blair banker Peter Raphael to its public finance team.
Raphael joined the firm’s Chicago office as a senior vice president and managing director.
Raphael, who specializes in multi-family housing bonds, sales tax-backed and special service area and special assessment financings, will work with municipalities, other issuers and developers on structuring bond sales, the firm said in a statement.
“We are pleased that Peter has chosen to continue his career at D.A. Davidson while we continue to grow our public finance group,” said Sam Doyle, president of the firm’s fixed income capital markets. “His extensive transaction experience along with his deep knowledge of municipal finance are great additions to our public finance team.”
Raphael re-establishes a banking presence for the firm on the ground in Chicago. The Chicago office had most recently housed just fixed income sales professionals and equity capital markets bankers.
Raphael previously served as head of municipal structured finance at William Blair. The Chicago-based investment banking and asset management firm shed its municipal bond business in July, leaving many of its municipal sales, trading, underwriting, and public finance bankers without a job.
“I’m pleased to be with D.A. Davidson as a way to continue working with clients to develop solutions for their financing needs,” Raphael said.
D.A. Davidson is an employee-owned financial services firm headquartered in Montana. It operates capital markets offices in California, Colorado, Florida, Illinois, Iowa, Louisiana, Michigan, Missouri, Montana, Nebraska, New Jersey, New York, Ohio, Oklahoma, Oregon, Tennessee, Texas, and Washington. It employs 26 public finance bankers in 10 of its offices with its main capital markets' offices located in Denver, Chicago, and Seattle.