David manages the Raymond James Public Finance Investment Strategies group, leading the firm’s efforts in the development of customized investment strategies for public sector, not-for-profit and more corporate-focused clients. David has been involved with the investment of proceeds for the past 25 years, and his range of product experience covers the entire spectrum, including repurchase agreements, laddered portfolios of U.S. Treasury/agency/commercial paper securities, forward purchase agreements, interest rate caps and guaranteed investment contracts. In this role, his interaction spans the entire Raymond James Public Finance department, working hand in hand with bankers in delivering investment solutions to clients with respect to their project, capitalized interest, reserve fund, escrow and debt service funds, among others. Since 2004, David has been involved in the investment of over $25 billion of client assets.
In addition to handling the investment of proceeds, David has successfully structured over 600 municipal securities transactions totaling over $7 billion in par amount. His structuring experience extends across virtually every type of pledged revenue stream, with significant expertise in health care and other unusual credits. Over the years, he also has developed a specialization in complicated advance refundings.
In addition to his 20-plus years with Raymond James over two tenures, David also has worked for Piper Jaffray and William Blair. He served in a senior analytical capacity at both firms, with responsibilities including the training of junior analysts, aside from typical analytical activities. David received a Bachelor of Science degree in Finance and a Master of Business Administration degree in Finance from Indiana University. He currently holds the Series 7, 53, 24, 63 and 65 licenses.