Gavin Murphy has been promoted to editor-in-chief and Michael Scarchilli was named managing editor of The Bond Buyer, SourceMedia’s daily newspaper and online news service covering the municipal bond market.
The appointments were announced Tuesday by Richard Melville, SourceMedia’s group editorial director for banking and capital markets.
Murphy, who had served as interim editor-in-chief since late 2010, joined the paper in 2000 as national editor. Scarchilli joined the paper as Northeast reporter in 2005, became market reporter in 2006, and senior market reporter in 2008.
Murphy has been a longtime observer of and participant in the municipal bond markets. Before joining The Bond Buyer, he was editor of the California Municipal Bond Advisor newsletter and worked as a municipal bond broker. He also was business editor for a daily newspaper and has covered commodity markets in Chicago.
As national editor, he was responsible for directing the efforts of The Bond Buyer’s six regional bureaus, including the paper’s ongoing in-depth coverage of the Jefferson County, Ala., default. In addition, he has been a leading voice on the editorial team that selects honorees for the paper’s annual Deal of the Year Awards.
As editor-in-chief, Murphy will be responsible for all editorial operations and will be charged with continuing the organization’s evolution from a daily printed publication to a real-time online news service, while maintaining close ties with the readership.
Scarchilli was the paper’s senior market reporter at a seminal moment for the capital markets — covering the cross-market fallout from the subprime debt crisis that included the downgrades of most municipal bond insurers and the freeze of the auction-rate securities market.
As managing editor, Scarchilli will be responsible for all daily operations, including the editing, layout, and makeup of the print edition, and publication of The Bond Buyer Online.
