The financial crisis resulted in the collapse or merger of many firms, but for Samuel A. Ramirez & Co. it was a clear opportunity. Ramirez expanded its underwriting business sevenfold in 2009, ranking them 21st last year compared with 60th in 2008, according to Thomson Reuters.

Ramirez ran the books on 22 issues amounting to $2.7 billion in 2009, compared with $307 million in 2008, the annual rankings show. Its market share was fairly steady at 0.1% for most of the decade but then jumped to 0.7% last year.

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