Title: Director, Head of Colorado Public Finance
Firm: RBC Capital Markets
Age: 39
As one of RBC's youngest managers, Michael Persichitte coordinates and manages the firm's municipal banking activities for Colorado and the Rocky Mountain West.
He is primarily responsible for directing the firm's banking staff in Colorado where the firm has enjoyed a No. 1 ranking in the negotiated underwriting market for 10 of the last 11 years.
Persichitte's career started in 2009 under very different macro-economic circumstances at George K. Baum. The State of Colorado issued $338 million in bonds for a new Supreme Court and history museum in downtown Denver. "That was my first entrance into the world of public finance and I loved it. It was different. I didn't expect to be in the industry or stay this long, but now it's the career path I have chosen," said Persichitte.
In 2015, Persichitte left George K. Baum for RBC, which offered more opportunities. There the Colorado native started working on more complicated transactions in the high-yield market and took over as head of the office in 2023.
In addition to the Colorado Supreme Court and History Center, he has worked on many meaningful transactions including one for the United States Air Force Academy Hotel and Visitors Center. "That was a big moment in my life and career. It was complicated and took years to get completed. I enjoyed that work," said Persichitte.
At the end of the day, he loves moving his city forward. "My wife laughs when people ask me what I do and their eyes glaze over, but we are the people behind the scenes. I grew up in Colorado and it's important for me to see our state progress and I am lucky to have a front-row seat," said Persichitte.
