"Ozi's focus on building lasting relationships and his prudent risk management make him well-suited for this leadership role," said Charles Peck, Wells Fargo's head of municipal products.

Stephanie Henning will establish a public finance office in Dallas, the bank's third in the state.

The well-known muni strategist said he's pursuing "more market-related opportunities."

BofA and Morgan Stanley left the Net-Zero Banking Alliance, but there was no word from the Texas attorney general on their status as bond underwriters in the state.

The bank's termination of its membership in the Net-Zero Banking Alliance ended a state review that could have led to a ban for governmental contracts.

Elena Gallo will replace Mara Holley, who is retiring.

Ila Afsharipour has joined Wells Fargo as managing director. He will oversee the firm's real estate, securitization, and affordable housing team.

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.

Rai joins Wells as senior strategist after he was let go by Citi in June.

The Attorney General's office found the firm complies with a 2021 state law banning contracts with companies that "discriminate" against the firearm industry.

The Municipal Forum of New York presented awards to four people at its annual fund-raising dinner in Manhattan on May 3. Money raised at the dinner is used to support the Urban Leadership Fellows internship program to support high school seniors heading to college.

The resignation comes after the bank was placed on the state treasurer's list of fossil fuel industry boycotters.

The office of Rob Bonta filed its objection to the dismissal with a California appellate court in San Francisco May 19.

Five new muni professionals join Hilltop Securities’ debt and fixed income capital market teams; all of them came from Wells Fargo.

Vice President, Public Finance Investment Banking, Wells Fargo Securities

The lawsuit seeks up to $2 billion from JPMorgan, Stifel and Wells Fargo, saying they abetted the crisis in their role selling debt for the Karegnondi water pipeline.

Wells Fargo will be joint senior manager on a $1.4 billion deal, its first negotiated California deal since State Treasurer Fiona Ma lifted a ban.

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.