Kimberly W. Mooers, former senior vice president of public finance at Advest Inc., has joined the Boston office of Sovereign Securities Corp. LLC, the firm announced Friday.
As a senior director in Sovereign’s fixed-income finance group, Mooers will be responsible for fixed-income and public finance business throughout New England. She will concentrate on educational institutions, health care entities, and other nonprofit organizations. Her first day was Feb. 27.
“We are very pleased that Kim has joined our professional fixed-income finance team to cover the Boston and New England markets,” president and chief executive officer William M. Bass said in a prepared statement. “She is an accomplished and seasoned professional with a great track record and we’re proud to have her representing our firm in these important markets.”
In addition to her Advest credentials, Mooers previously served as associate director of financing programs at the Massachusetts Health and Educational Facilities Authority in Boston.
The hiring comes in the wake of industry consolidation after Merrill Lynch & Co. bought Advest Group Inc. in December. Since the deal was announced in September, Advest’s municipal institutional sales and banking teams have been dissolved and the company’s tax-exempt trading force has shrunk.
