Raymond James Financial

George "Jay" Wheatley is the latest Citi banker to join Raymond James.

RBC ramped up business to land at second place and Jefferies rose to third while Raymond James entered the top 10, knocking Barclays to 11th. Citi, which exited the business, closed at sixth place.

David Fields, Rob Whitlock and Naomi O'Dell have been hired from RBC Capital Markets and will work out of the firm's Philadelphia and Chicago offices.

Municipal bond industry veteran Guy Logan will join the firm's Atlanta office as a managing director and lead the newly created investment banking group.

Cleveland-based public finance banker Tim Reidy joined Raymond James as a managing director.

Raymond James has brought two retired school superintendents on board in Kansas City to bolster its Missouri K-12 practice.

Raymond James has agreed to acquire SumRidge Partners, a fixed income market maker dealing in investment-grade and high-yield municipal bonds.

Gavin Murrey, EVP and head of public finance and debt investment banking, will continue to run the public finance division and report to Carter.

Paul Arevalo, who joins as a managing director in Pasadena, adds to the broker-dealer's California growth path since it entered the state a decade ago.

Raymond James has hired veteran municipal banker Jim Tricolli as a managing director.

About 500 of Raymond James' workforce will be cut because of a decline in earnings due to low interest rates and the pandemic-induced economic downturn.

Hector Matos brings years of experience as a Texas school finance expert and Citigroup banker to Raymond James' new San Antonio office, the firm said.

Raymond James' Western region head Robert Larkins was part of a couple caught on video challenging a man for chalking the slogan in front of his own home.

Richard G. Bartow and his son Richard T. Bartow joined the office this week and will focus on K-12 education.

The top muni underwriters accounted for $406.51 billion in 10,582 transactions in 2019 compared to $320.35 billion in 8,549 deals in 2018. There was only one change in the top five year-over-year but spots six through 10 saw three changes. Barclays and Stifel both had big improvements in the rankings, while Raymond James dropped the most.

The Financial Industry Regulatory announced the action Wednesday, saying it stemmed from the firms' supervisory failures.

Municipal underwriters saw increased business, as demand for muni bonds jumped through the roof. Top muni underwriters accounted for $267.51 billion in 7,310 deals, up from $239.33 billion in 6,406 transactions in the first nine months of 2018.

Raymond James hired Paul Soma as a senior vice president. He will set up a public finance office in Traverse City.

Cheryl Schluterman was president and chief financial officer of the Arkansas Development Finance Authority.

The firm hired Damian Maggos in Indianapolis and Matthew Ruess in Crown Point.