Raymond James expands Public Finance practice by hiring veteran municipal banker

ST. PETERSBURG, Fla. – Raymond James has hired veteran public finance professional Tim Reidy as a managing director in Ohio. Reidy will establish a Public Finance office in Cleveland and serve K-12 school districts, utility districts, and state, county and local governments throughout the state.

“Tim is a talented and highly regarded banker with deep expertise in public finance,” said Gavin Murrey, executive vice president and head of Public Finance/Debt Investment Banking at Raymond James. “His addition demonstrates Raymond James’ continued commitment to building the leading public finance team in the nation.”

Reidy joins Raymond James from Fifth Third Securities and, prior to that, Huntington Capital Markets. He has served municipalities throughout Ohio for more than 20 years, completing over 1,000 senior or sole managed transactions in his career. Reidy received a Master of Business Administration degree and Bachelor of Business Administration degree in accounting from St. Bonaventure University.

“I am excited to join Raymond James’ well-respected Public Finance team and expand the firm’s presence in Ohio,” said Reidy. “Raymond James’ valued reputation, powerful distribution platform and considerable underwriting capacity will be a win-win for issuer clients throughout the state.”

Consistently ranked as a top 10 underwriter of municipal bonds nationally, according to Bloomberg,* Raymond James has one of the largest public finance practices in the country with approximately 180 professionals in 37 locations nationwide and is searching for additional talented bankers to continue expanding the practice. The firm offers municipal issuers a comprehensive distribution platform and the largest middle market sales force of any U.S. broker/dealer. Additional information is available at rjpublicfinance.com.

*Rankings based on par amount. Past performance is not indicative of future results.

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 8,600 financial advisors. Total client assets are $1.16 trillion as of Sept. 27, 2022. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at raymondjames.com. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC.