DALLAS - San Antonio-based Frost Bank has hired Ryan O'Hara, formerly managing director of BOSC Inc., to develop public finance business in Houston.
Frost, the largest bank exclusively chartered in Texas, entered the public finance arena in San Antonio in 2012 and has participated in transactions totaling more than $14.5 billion in par amount for Texas issuers.
O'Hara was managing director at BOSC's Houston office for nearly three years.
"I picked Frost Bank because they are Texas-based and I have always wanted to work for a respected Texas firm," said O'Hara, a Texas A&M University graduate whose title at Frost is senior vice president.
In Texas, fewer than 20% of the broker/dealer or financial advisory firms are Texas-based, O'Hara said.
BOSC is based in Oklahoma City, but its BOK parent operates Bank of Texas along with the Bank of Oklahoma, Bank of New Mexico, and others in the region.
"It's a great opportunity for me to grow the platform," O'Hara said. "It will be a great place for my clients, as well. The tradition and culture are an excellent fit for us."
Further details about Frost Bank's plans in public finance will come later this month, a spokeswoman said.
Founded in 1868, Frost Bank has more $27 billion in total assets, $2.7 billion in capital, and more than 4,000 employees in Texas at more than 115 financial centers.
