CHICAGO - Taking advantage of the market turmoil that has led other firms to shed staff or exit the business, Chicago-based Loop Capital Markets LLC yesterday announced the hiring of nearly one dozen municipal banking, sales, and trading professionals and signaled there's more to come.

The additions include both professionals who were cut by other firms or lured by Loop to join a firm where municipals remain a key revenue generator. They span sectors and include a privatization specialist, as the firm seeks to build a new group dedicated to advancing its public-private partnership business. The firm also has opened a new office in Orlando.

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