Texas school finance veteran Hector Matos joins Raymond James

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Former Texas school official and Citigroup banker Hector Matos has joined Raymond James as managing director to lead the state’s school practice

Matos will provide professional counsel to K-12 school districts throughout Texas and will establish an office in San Antonio, the firm’s fourth public finance office in the state.

Tom Oppenheim, a Raymond James senior managing director, said new hire Hector Matos’s experience in public education will help clients.

At Citigroup, Matos was the lead or co-lead banker on over $19 billion in Texas school district underwritings.

Before joining Citigroup, he was a public school district business official for 23 years at public school districts, including San Antonio, Northside, Del Valle, and Roma independent school districts as well as Regional Service Center 20.

Matos holds an undergraduate degree from the University of Puerto Rico, a Texas CPA license and his Series 52 and 63. He is active with the Texas Association of School Administrators and the Texas Association of School Business Officials. Matos served in the U.S. Army for eight years before entering education finance.

“Raymond James is committed to serving school districts nationwide, and I am eager to contribute to the continued legacy of the firm’s Texas school district underwriting success,” Matos said.

Tom Oppenheim, senior managing director and head of the Southwest Public Finance group, said Matos’s experience in public education will help clients in accessing capital markets.

“With 30 years of experience in education finance throughout Texas, Hector has deep connections to the state, many local communities and school districts and is highly regarded by his peers,” Oppenheim said. “Hector is passionate about delivering unique and informed financing solutions to clients and will be an immediate asset to them.”

Raymond James has public finance offices in Houston, Dallas, Austin and the new location in San Antonio.

In 2019, Raymond James was the nation’s third-leading underwriter of primary and secondary school transactions, based on par amount, serving as senior manager on 160 negotiated issues totaling more than $4.4 billion in par amount, according to Bloomberg.

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