Lebenthal & Co.,  in the midst of expanding its public finance business, has hired municipal veteran Jacob “Jay” Alpert, formerly of M.R. Beal & Co., as the new head of sales.

Alpert, who officially started at the New York-based broker-dealer on Tuesday, takes a newly-created position, and will be instrumental in extending the growth the firm has experienced since its 2008 inception, founder and chief executive officer Alexandra Lebenthal  said in a press release Friday. “This position has become necessary as we have grown,” she told The Bond Buyer.

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