ATLANTA - Rick T. Fitzgerald last week left PaineWebber Inc. as manager of the firm's Orlando public finance office for Goldman, Sachs & Co.
At Goldman, he will also be a municipal investment banker and he is expected to open a new office for the firm in Orlando, sources said.
Andrew Gurley, a managing director at PaineWebber, confirmed on Friday that Fitzgerald left the firm last week for a job at Goldman. He said a new manager for PaineWebber's Orlando office has not yet been selected.
"We are going to miss Rick. We wish him well," Gurley said.
Fitgzerald had been with PaineWebber since 1988. He had previously been a managing consultant with Public Financial Management in Orlando.
Officials at Goldman were not available for comment.
Market sources, who declined to be named, said that Goldman is likely to set up a public finance office in Orlando to be headed by Fitzgerald. The firm currently has only one office in Florida, in Miami.
Fitzgerald helped PaineWebber land the lead-managing underwriter's slot on a number of large deals in central Florida, including a $300 million tourist development tax issue sold by Orange County last year.
He also helped the firm land a $200 million Greater Orlando Airport Authority's issue, sold in 1992, and a refunding issue of about $600 million for a planned for sale in the near future by the Orlando-Orange County, Fla., Expressway Authority.
Greg Dailer, the expressway authority's director of finance, said the departure of Fitgzerald from PaineWebber will not affect the sale, which the authority hopes to sell by the end of May.
