In a move to expand its public finance reach nationally, Raymond James has hired veteran municipal banker Jim Tricolli as a managing director.
Tricolli will provide professional counsel to Gavin Murrey, executive vice president and head of public finance/debt investment banking, as the firm looks to expand across the country. Tricolli will be based in Pennsylvania, just outside of Philadelphia.
“Jim is a talented banker and respected manager with deep expertise in public finance,” Murrey said. “As we continue to grow our debt investment banking platform, our focus is on attracting top-quality talent who are adept at delivering results. His addition demonstrates Raymond James’ continued commitment to building the leading public finance team in the nation, and I look forward to working with Jim to achieve that goal.”
Tricolli has more than 30 years of experience in the public finance businesses. Most recently, he was co-head of Public Finance at RBC Capital Markets in New York City. At RBC he managed one of the largest municipal finance platforms in the country with operations based in New York City, which included municipal banking, a top ranking underwriter for municipal bonds and a leading tax equity syndication team.
“I am excited to join the well-respected public finance team at Raymond James and fulfill its strategic vision to be the best public finance platform in the U.S.,” Tricolli said. “Public finance’s contribution to economic development is crucial, especially during this time, and I look forward to building the firm’s presence throughout the country.”
Tricolli graduated from Dickinson College with a bachelor’s degree in Economics and Policy and Management and holds Series 7, 24, 50, 52, 53 and 79 securities licenses.
Raymond James has about 170 muni professionals in 36 locations around the country and said it is looking to add bankers as it expands its municipal finance practice. The firm said it offers issuers a full suite of services as well as having a large middle-market sales force.