CHICAGO — Seeking to broaden its Midwest presence, Montana-based D.A. Davidson & Co. this week announced hiring two institutional sales professionals, previously with RBC Capital Markets’ institutional sales group, to staff a new office in Mason, Ohio.
Davidson hired Bruce Chaiken and Don Ginnetti as senior vice presidents in institutional sales. The two are charged with managing and expanding Davidson’s fixed-income sales to institutional investors throughout the Midwest and nationally. In addition to RBC, Chaiken and Ginnetti also worked at the once top-ranked Ohio underwriting firm of Seasongood & Mayer LLC, which was acquired by RBC in 2007.
“We are pleased to continue strengthening our growing presence across this important region and to be able to offer the personalized service that Davidson is known for,” said Sam Doyle, president of fixed-income capital markets.
Davidson in March extended its reach into Iowa by acquiring the Des Moines-based brokerage Ruan Securities Corp. and its 13-member team, which is primarily focused on municipals. With the addition of the Ohio office, the firm has nine offices in the Midwest and 56 across the country. There are public finance bankers in 13 of the offices. Municipal trading desks are run out of the offices in Denver, Omaha, Seattle, Great Falls, and Des Moines.
D.A. Davidson ranked 29th last year among senior managers nationally, leading $1.4 billion of debt in 192 deals, and 32d in 2007, with $1.6 billion in 231 deals. The firm did not rank in the top 25 senior managers in Ohio or the Midwest, according to Thomson Reuters.