CHICAGO — St. Petersburg, Fla.-based Raymond James & Associates is hoping to carve out a bigger chunk of senior-manager business in the Midwest with two new public finance hires in Chicago, one to bolster the firm's local government team here and the other to focus on large governmental issuers.

Omar Daghestani joined the firm earlier this month as a managing director to work on large issuer efforts out of the Chicago office while Wendy Flaherty joined last month as a director to concentrate on smaller local governments, school districts and water and sewer issues.

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