Less than four months after JPMorgan bought Bear, Stearns & Co., executives in JPMorgan's municipal group have brought the Bear employees into the fold and are now concentrating on cementing the investment bank's role as one of the top-tier firms in the market.

Through July 9, JPMorgan ranked third among senior managers, underwriting 193 deals for $21.3 billion in volume, and vaulting three places up the league tables from last year's sixth place finish, according to Thomson Reuters. In 2007, JPMorgan underwrote 343 issues for volume of $25.5 billion. The numbers illustrate the ambition of the firm's public finance department and the benefits of the Bear Stearns merger.

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