McGraw-Hill Inc. announced yesterday that James Quandt was named president and chief executive officer of J.J. Kenny & Co., replacing J. Kevin Kenny, whose father founded the venerable municipal bond broker's broker firm.
McGraw-Hill, which acquired J.J. Kenny and its borkerage and information services in February 1990, said Mr. Quandt will be responsible for the daily management and overall strategy at J.J. Kenny, which includes Kenny Drake Trading Inc., Kenny S&P Information Services Inc., and Kenny S&P Evaluation Services Inc.
Mr. Kenny will remain as chairman of the firm, which was founded in 1949. He assumed control of the firm in 1968, when his father, John J. Kenny, put him in charge.
Mr. Quandt will assume his new position March 2, and report to Harold W. McGraw 3d, executive vice president of operations at McGraw-Hill.
Mr. Quandt currently is senior vice president and director of Financial Management & Trust Services Group for Security Pacific National Bank in Los Angeles, which is merging with Bank of America.
He joined Security Pacific National Bank in 1982 as president and chief executive officer of Security Pacific Brokers Inc.
He was named to his current post in 1988.
Before joining Security Pacitic, Mr. Quandt was senior vice president of COMARK, a municipal bond dealer, from 1979 to 1982. His career also included serving as a second vice president of Smith Barney, Harris Upham & Co. in Los Angeles, from 1975 to 1979, and senior account executive at Bank of America from 1973 to 1975.
Mr. Quandt holds a bachelor's degree in business administration and economics from St. Mary's College of California.
