- Chicago-based firm has been expanding in public finance
- Pullback by UBS, Citi creates hiring opportunity for others
Cabrera Capital Markets has hired three former UBS Group AG public finance bankers, the latest firm to scoop up talent from a national bank that’s pulled back from the municipal-bond market.
The Chicago-based investment bank and brokerage brought on Shawn Dralle, a Los Angeles-based banker who will serve as head of West Coast public finance, according to a statement. Chris Bergstrom, a New York-based banker, will lead public transportation finance at Cabrera. And Shawnell Holman, a Houston-based banker, joined as an executive director.
“With the addition of three new senior level positions nationwide, the ability to serve our public finance clients will assuredly continue to expand,” Mario Carrasco, head of public finance at Cabrera, said in the statement.
Bloomberg Markets
By Amanda Albright
March 4, 2024