Mesirow Financial hands CEO mantle to Mondi
CHICAGO -- Mesirow Financial Inc. President Dominick Mondi is adding chief executive officer to his list of titles.
The Chicago-based firm said Thursday its board of directors made the appointment effective Oct. 1.
Mondi joined the firm a decade ago to lead its sales group. Mondi, 64, joined the firm after spending 28 years at the now defunct Bear, Stearns & Co., where he was a senior managing director.
He moved up Mesirow’s management hierarchy, becoming president of the fixed-income capital market division in 2012. He has served on the board since 2011 and was named president of the firm early last year.
As president, he has focused on business integration, expansion through acquisitions and organic growth opportunities, capital investment policies and business performance objectives, the firm said in a statement, adding he would retain the title of firm president and also continue as president of Mesirow Capital Markets.
“Dominick will not only drive the firm’s future growth and success, but he will do so with a deep commitment to the values and culture,” said current chairman Richard Price. Mesirow is an independent, privately held and employee-owned financial services firm founded in 1937.
Mondi replaces Price, who has served as chairman of the board and CEO since longtime firm head James Tyree died unexpectedly of an illness in 2011. Price will remain as executive chairman on a full-time basis for the next five years and continue to oversee the firm’s infrastructure operations working strategic planning with an eye on acquisition of businesses and teams.
The firm has about 570 employees across all businesses. It has public finance offices in Chicago, Indianapolis, Houston, New York City, and San Francisco with a team of about 16 professionals. The firm has a team of 110 that works on institutional sales and trading with desks specializing in municipals, rates, corporates, preferred and non-agency mortgages.
The firm ranked 23rd last year among municipal bond senior managers on 71 issues valued at $2.2 billion and is 28th so far this year leading 45 issues valued at $864 million, according to data from Thomson Reuters.