Loop Capital Markets has added four former Citi and UBS public finance professionals to its ranks, joining the growing list of firms to expand their banking teams in the muni space.
John Malpiede, John Giammarino and Alain Garcia will be joining Loop Capital from Citi, and Candace Kelly is moving over from UBS.
“The additions to our growing public finance team are very exciting,” Loop Capital Chairman and CEO Jim Reynolds said in a statement. “Our team of senior public finance professionals provide unparalleled expertise, fueling Loop Capital’s flagship business. We see great opportunity to continue our momentum as the team expands.”
At Citi, Malpiede led the bank’s New England public finance group and served as manager of its higher education group. In his 27 years in public finance, he has served as senior manager on over $40 billion of deals. He will be managing director at Loop Capital.
After signing on with Citi’s public finance department in 2012, Giammarino covered the New England region for a decade, rising to director of the bank’s New England public finance group. He will be senior vice president at Loop Capital.
And Garcia, a Loop Capital veteran who previously left the firm’s Chicago office for Citi’s office in Manhattan, will be vice president at Loop Capital.
Kelly worked as a director at UBS for seven years before making the move to Loop Capital. She will lead the latter’s Houston office.
“Our main focus is to serve our clients with value-added ideas and content,” Loop Capital’s Head of Public Finance Bo Daniels said in a statement. “These four professionals will allow us to continue this approach. In addition, they’re great fits into our culture, and are additive to two important markets for the firm — Northeast/New England, and Texas, which has seen significant growth, and we expect that to continue.”
Loop Capital ranked 16th overall in senior managed deals in 2023, underwriting nearly $6.3 billion for a 1.7% market share, according to LSEG data.
Loop Capital has been senior or co-manager on over $1 trillion of deals, for issuers in almost every state in the U.S. Its public finance division frequently places in the top 15 of municipal negotiated senior managers and the top five of negotiated co-managers.