CHICAGO - The former head of the now-shuttered municipal bond department of LaSalle Financial Services Inc., Mike Smale, this week joined Chicago-based Cabrera Capital Markets LLC as it boosts its efforts to earn the more coveted sole-senior manager position on bond deals.

Smale's landing at the firm comes about three months after Bank of America Corp. cut most of LaSalle's roughly 30-member municipal team following its acquisition of LaSalle Bank Corp. from ABN Amro in a $21 billion transaction.

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