When UBS Securities closed its municipal bond unit last year, managing director Matthew Roggenburg considered his options.

He thought about trying something related to his work, perhaps hooking up with another investment bank. He also thought about trying something new, like setting up an aerial adventure park in New Jersey’s Delaware Water Gap. Eventually, he decided on something both related and new: starting his own firm. Along with former colleague Sam Gruer, co-founder of JPMorgan’s municipal derivatives department, Roggenburg founded the financial advisory firm Cityview Capital Solutions.

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