Raymond James hires Guy Yandel to grow its public finance business

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WASHINGTON – Raymond James has hired Guy Yandel to open a public finance office in Denver and to expand the firm’s public finance business in the mid-western, mountain, and western states.

Joining the firm as a managing director, Yandel is formerly an executive vice president and co-manager of the muni division at George K. Baum, also in Denver.

He was with Baum for 27 years, starting as a banker in its national housing finance group and later managing that group, then holding several leadership roles at the firm.

Most recently he had direct responsibility for Baum’s public finance management, municipal advisory services and underwriting activities across the country.

“Guy’s housing finance background and diverse governmental experience combined with Raymond James’ exceptional underwriting and distribution capabilities will be a tremendous advantage to our clients in need of unique and innovative financing solutions,” said Gavin Murrey, executive vice president and head of Public Finance/Debt Investment Banking at Raymond James. “His addition demonstrates Raymond James’ continued commitment to building the leading public finance team in the U.S. as we expand our footprint in the mountain states with the opening of our first Colorado public finance office.”

Yandel is a board member of the Bond Dealers of America and co-chair of its Municipal Bond Committee. He has a bachelor’s degree in marine engineering from the U.S. Merchant Marine Academy and a master’s degree in business and public management from Rice University.

Raymond James said it has more than 170 public finance professionals at 29 locations nationwide. According to Thomson Reuters, the firm ranked 9th among municipal underwriters in 2017, managing 620 negotiated and competitive issues with a total par value of nearly $14.5 billion. In 2016, Raymond James ranked 8th, managing 802 negotiated and competitive issues with a par value totaling about $17.8 billion.

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