Janney Montgomery Scott has added to its Fixed Income and Capital Markets Group with a promotion and the addition of six new employees.
Matt Davis, a Managing Director, was promoted to Head of Municipal Trading and Underwriting at Janney’s headquarters in Philadelphia, PA. Davis will now oversee all of the organisation’s municipal institutional traders and underwriters.
Mike Foley joins the firm as Director in the Securitized Sales Group. Foley previously worked at INTL FC Stone/GX Clarke. He will be located in Janney’s New York City office.
Craig Merkin and Dave Selzer both join as Directors in Janney’s Institutional Sales Unit, and will be based in San Francisco, CA. Merkin and Selzer join Janney from Deutsche Bank Securities, where they were Fixed Income Generalists. They have been highly successful over the course of their careers and bring valuable cross-asset sales experience in taxable space to the Janney platform.
Steve Madsen joins Janney as Managing Director, Institutional Credit Trading Group. Madsen has a wealth of experience trading credit at CIBC, Societe Generale and Deutsche Bank, in addition to running Barclay’s USD1 billion Relative Value/Event Driven Fund. Steve has a BS in Electrical Engineering from Marquette University and an MBA from the Wharton School of Business. He will work out of the New York City office.
Erin Ortiz joins Janney’s Taxable Fixed Income Group as Managing Director, Municipal Credit Analyst, and will serve as the Municipal Strategist in Philadelphia, PA. Ortiz was most recently with Moody’s Investors Service as a Bond Analyst for nearly eight years. In this role, she was a Lead Credit Analyst for higher education and not-for-profit issuers across the US, primarily in states along the eastern seaboard and in the Midwest.
“Janney is happy to welcome these accomplished fixed income professionals, who will help expand our institutional presence, and will ensure that we continue delivering tailored services to our clients,” says Tom Bajus, Head of Fixed Income, Janney Montgomery Scott LLC. He continued, “Matt’s leadership in this new role will also strengthen our client relationships and execution abilities.”