Massachusetts expanded its pool of pre-qualified underwriters by 35%, said Treasurer Steven Grossman, who on Friday announced the results of its request for qualifications of firms interested in providing investment banking services for future bond sales.
The Treasury pre-qualified 35 firms to provide underwriting services during negotiated bond sales, according to Grossman, including 11 minority- or women-owned business enterprises, nearly doubling that number.
Pre-qualified senior managers are Bank of America Merrill Lynch, Citi, Jefferies & Co., JPMorgan, Morgan Stanley, RBC Capital Markets and Wells Fargo.
Co-senior managers are Barclays, M.R. Beal & Co., Ramirez & Co., Raymond James | Morgan Keegan and Siebert Brandford Shank & Co.
Co-managers are Cabrera Capital Markets, CastleOak Securities, Corby Capital Markets, Deutsche Bank AG, Eastern Bank Capital Markets, Edward Jones, Estrada Hinojosa & Co., Fidelity Capital Markets, Jackson Securities, Janney Montgomery Scott, Lebenthal & Co., Loop Capital Markets, Mesirow Financial, Oppenheimer & Co., Piper Jaffray & Co., Prager & Co., Rice Financial Products, Robert W. Baird & Co., Roosevelt & Cross, Stifel Nicolaus, TD Securities, US Bancorp and Williams Capital Group.
Selling group members are Drexel Hamilton, Sandgrain Securities, Southwest Securities and Stern Brothers Co.