Institutional Services
Our institutional business segment includes Fixed Income Sales and Trading, Municipal Securities and Public Finance, Corporate Finance, Securities Lending and Equity and Portfolio Trading. These businesses serve the varied needs of our institutional customers – corporations, insurance companies, mutual funds, securities broker-dealers, banks and other financial institutions, municipalities, school districts and other governmental subdivisions.
Our expertise, systems and services help our institutional customers meet their business objectives, operate efficiently, plan and finance their capital needs and serve their own customers and constituencies profitably and effectively. In other words, we help them build what they and their customers value.
Taxable Fixed Income
The Taxable Fixed Income Division is a leading trader and underwriter of fixed income securities. The division has a wide area of expertise which includes: CDs, CDARs, Corporate Bonds, Government Agencies, MBS/CMBS/ABS Securities, UITS, US Treasuries, Structured Products, and Preferreds. The division also sells a broad range of products through its Retail and wholesale desks.
Municipal Securities & Public Finance
The Municipal Securities & Public Finance Division serves public issuers and investors across the nation with a complete range of investment banking services and tax-advantaged investments. The group’s substantial experience, expertise and resources accounts for many tens of billions of dollars of bonds traded in the secondary market.
Corporate Finance
Our Corporate Finance team provides mergers & acquisition advisory services, debt and equity financings, and other financial advisory services to publicly traded and privately owned companies across the U.S. in a broad range of industries. With more than a century of collective advisory experience totaling more than $100 billion in transactions, our seasoned investment bankers solve our clients' most important strategic and financial challenges using innovative ideas, senior-level relationships and old-fashioned hustle.
Securities Lending
The Securities Lending Division operates a conduit or matched book business. The division’s experienced professionals rely on their extensive relationships to facilitate borrow and loan transactions with registered broker-dealers nationwide.
Equity and Portfolio Trading
The Equity and Portfolio Trading staff takes pride in providing best execution and impeccable service from trade initiation to settlement. The division employs cutting-edge technology to deliver order flow to market centers for execution and trades baskets of securities for institutional clients in the specialized area of portfolio trading.