LOS ANGELES -- Raymond James is continuing to expand its presence in the West with the addition of municipal finance veteran Parker Colvin as managing director and head of underwriting for the Western region.
He joined the firm on Nov. 1 and is based out of the San Francisco office.
Colvin will lead the underwriting desk for all bond transactions in the region managed by the firm’s San Francisco-based public finance team.
“Parker represents a key element of our strategy to build the go-to public finance franchise in the West,” said Rob Larkins, Western region manager for public finance at Raymond James. “He is widely recognized as one of the most talented, experienced underwriters in California with an encyclopedic knowledge of credit and trading value.”
Colvin joins Raymond James after 14 years with Stone & Youngberg and Stifel Nicolaus after it purchased Stone & Youngberg in 2011. He began there as an intern and held multiple positions in trading and underwriting, until he eventually led both practices as a managing director.
Colvin received a Bachelor of Science degree in mathematics from Wheaton College.
“Given his extensive knowledge and experience in California and Arizona bond underwriting, Parker is uniquely qualified for this role and is a great addition as we grow in the West,” said Kevin Giddis, senior managing director and head of fixed income at Raymond James.
Tom Innis, a public finance managing director specializing in utilities and infrastructure issuances, joined the San Francisco office earlier this year.
The firm said it expects additional fixed income hires in the region in the near future.
Raymond James ranked number nine nationally among municipal bond underwriters in 2012 by volume, according to Thomson Reuters data, working on 748 issues worth $12.1 billion, and ranked at number ten for the first half of 2013. The firm’s public finance practice has more than 180 professionals in 27 locations nationwide.