The taxable municipal buying and promoting desk at Ramirez & Co. Is predicted to see proceedd progress and enlargement with the current arrival of veteran dealer Hardy Manges, the agency said this week.
A municipal dealer with over 30 years expertise, Manges is a senior Vice chairman Specializing in taxable municipal bonds, and located Inside the NY metropolis headquarters of the nationwide, full-service funding financial institution, brokerage, and advisory agency.
“We On the agency really feel Hardy is a properly-rounded particular person with An limitless quantity Of information Inside the muni world And actually properly-revered with institutional accounts,” Alan Greco, head of institutional gross sales and buying and promoting On the agency, to whom Manges will report, said.
Hardy Manges, SVP and taxable municipal dealer on the institutional gross sales and buying and promoting desk at Ramirez & Co.
Manges, who formally joined the agency on Might 24, is An factor of Ramirez’ institutional gross sales and buying and promoting desk, Which incorporates 4 institutional retailers, one retail dealer, three underwriters, two strategists, and 16 gross salespeople.
He replaces McKim DeGuzman, Who’s retiring from the agency, Based mostly on Greco.
Upon The primary week of becoming a member of the agency, Manges labored on the $1.075 billion double-A-rated Connecticut widespread obligation offering that Ramirez senior-managed and of which $350 million have been taxable GOs, which have been priced ranging with 4.25% coupons in 2023 at a 2.86% yield, To three.631% in 2027 to 4.16% …….