Janney added two managing directors to its municipal capital markets group, including one with a specific background in securitization.
The hiring of Kimberly Welsh and Matthew Levin the growth trend started in 2008 by Janney's capital markets division.
Welsh, who is based in Janney's Boston office, provides dedicated banking coverage to municipal bond issuers in Massachusetts, Rhode Island and throughout New England. Previously from Morgan Stanley, she was jead of the New England and national housing Groups, Welsh has 20 years of experience in working with municipal bond issuers on general infrastructure and revenue-backed bonds. Before Morgan Stanley, she was with UBS / PaineWebber for 18 years. Her experience includes general obligation bonds, sales tax bonds, housing, water, wastewater, transportation and securitizations of various other revenue sources.
Levin, who is working from Janney's Philadelphia headquarters, provides dedicated banking coverage to both municipal issuers and their investor-owned utility sectors throughout Pennsylvania and New Jersey. He was previously from Goldman Sachs where he was a member of the public sector and infrastructure banking group. While at Goldman, Levin focused on the sports facility, public power and transportation sectors. Before Goldman , he spent a total of ten years with Morgan Stanley and Prudential Securities. He has completed more than $15 billion of tax-exempt and taxable financings for issuers of revenue and general obligation bonds, and has worked on all aspects of municipal capital markets deals, including fixed- and variable-rate new money and refunding issues, debt restructurings, interest rate swaps and bond tenders.