CHICAGO – Chicago-based Mesirow Financial Inc. has named senior managing director Dominick Mondi president of its fixed-income capital markets division, a new position established to better coordinate the work of the institutional sales and trading, public finance, and credit tenant-lease finance groups.
Mesirow hired Mondi in 2008 to lead its sales group. He joined the firm after spending 28 years at the now defunct Bear, Stearns & Co., most recently as a senior managing director. “Dominick has been an integral part of the growth we’ve experienced. I’m confident he will continue to build on the firm’s strengths and find the synergies between the three groups to grow the business,” Bruce Young, vice chairman of the 75-year-old firm, said in a statement.
The position is a new one, created to maximize the opportunities between the various groups, according to Mesirow.
“Over the last few years we’ve been on a strategic course of attracting talented professionals to further develop our capabilities and better serve our clients’ needs,” Mondi said. “We will always work towards attracting new talent, but we’re at a point where we are able to take full advantage of market opportunities for all three businesses, and in turn make Mesirow Financial a leader in the business.”
Steve Hoopes, senior managing director, remains manager of the public finance banking group, and Stephen Jacobsen, senior managing director, remains as head of the credit tenant-lease finance department, the firm said.
The municipal group employs 15 professionals and a sales and trading team of 28 at offices in Chicago, New York, San Francisco and Boston, a spokeswoman said. The firm last year added former Chicago deputy comptroller Brian King to its Chicago banking team while also shuttering a Michigan office.
Mesirow ranked 15th in Illinois among senior managers last year, while it finished 29th in the Midwest and ranked 56th nationally, according to Thomson Reuters. It finished 15th in Illinois in 2010, was 28th in the Midwest, and 51st nationally.
