Chicago, IL (PRWEB) April 11, 2013
Ziegler, a full-service, specialty investment bank and broker-dealer specializing in the healthcare, senior living, education and religion sectors, has moved its structured products practice into its Ziegler Capital Markets business unit. The practice was previously an advisory function of Ziegler Investment Banking.
With this change, the structured products practice and Ziegler’s short-term and money markets/tender option bond desk are consolidated into a newly formed interest rate products trading desk, which is overseen by Managing Director, Craig Naish and based in Chicago, IL. Ziegler clients will see no change and continue to be serviced in a proactive manner.
“The implementation of this new platform is necessary as dynamic regulatory and market environments demand a different approach to our seamless execution capabilities on behalf of our clients,” said Mr. Naish. “With this new platform, we will continue to offer our customers products that align with their needs as well as market conditions.”
Scott Determan, Director of Structured Products at Ziegler, continues to lead the structured products platform and will report to Mr. Naish and Kevin Strom, Head of Capital Markets. Mr. Determan will also assist with various growth and strategy initiatives related to the new interest rate products trading desk.
In addition, Maureen Egan was promoted to trading specialist as part of the consolidation. She assumes a lead role in the pricing, trading and selling of the variable rate demand bond book managed by Ziegler Capital Markets. Ms. Egan continues to oversee the regulatory, revenue and administrative responsibilities related to the variable rate demand bond book.
“As we continue to execute our internal strategic plan, we are continually looking for opportunities to integrate and grow our trading and distribution channels. This integration accomplishes that goal,” said Mr. Strom.
Mr. Naish added, “The consolidation of business lines will not only allow us to deliver higher levels of performance and more effective utilization of our personnel, but also reinforce our commitment to serve as an independent fiduciary for our clients in today’s heightened regulatory and macroeconomic environment.”