ST. PETERSBURG, Fla. - Raymond James is adding capabilities to its Public Finance practice with the addition of veteran education banker Elizabeth Hennessy as managing director. Based in Chicago, Hennessy will provide expert counsel to K-12 schools and community college districts throughout Illinois and will also lead all public finance efforts in Illinois, servicing local governments and growing the firm’s presence in the state and throughout the Midwest.
“Liz is a highly regarded banker with a proven track record of success and delivering innovative financing solutions to clients,” said Gavin Murrey, executive vice president and co-head of Raymond James Public Finance. “Liz’s expertise is the perfect complement to our respected education practice and strengthens our commitment to provide exceptional client service.”
Hennessy joins Raymond James from William Blair where she served school district issuers for nearly 30 years and led the Illinois school district finance team. Joining Hennessy at Raymond James are Paula Arnedo and Karen Barron, also from William Blair.
“Raymond James has a first-class team of banking professionals across the country, and I’m thrilled to lead the talented team here in Illinois,” Hennessy said. “With the backing of a strong distribution network, we will provide our clients with superior execution and results.”
In 2016, Raymond James was the nation’s second-leading underwriter of primary and secondary school transactions, based on par amount, serving as senior manager on 276 negotiated and competitive issues totaling more than $7 billion in par amount, according to Thomson Reuters. Consistently ranked by Thomson Reuters as a top 10 underwriter of municipal bonds nationally, Raymond James has one of the largest public finance practices in the country with more than 180 professionals in 27 locations nationwide. The firm offers municipal issuers a comprehensive distribution platform and the largest middle market sales force of any U.S. broker/dealer.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 7,300 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $664 billion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC.