Momentum Includes Launch of European Investment Banking Partnership, Addition of Experienced Equities Professionals and Senior Research Analysts
D.A. Davidson & Co. announced today record growth and expansion of the Equity Capital Markets division in fiscal year 2018. In addition to nearly doubling revenue year over year, the team completed a multitude of high-profile investment banking transactions, significantly increased its research presence in core verticals, grew offices in New York; Chicago; Costa Mesa; and Portland, Oregon, and completed a transatlantic strategic partnership with a European M&A advisory firm. The firm also made a significant investment in personnel, growing its headcount by more than 10 percent across investment banking, sales, trading and research.
“As a firm, we are focused on providing our corporate and institutional investor clients deep expertise coupled with exceptional service. We pride ourselves on having professionals whose experience aligns with our firm’s focus on culture, ideas and superior execution. We do things the right way over the long term,” said Monte Giese, President of Equity Capital Markets for D.A. Davidson.
Investment Banking
The Investment Banking group reported a record year, completing 92 transactions with an aggregate transaction value of $6.8 billion. With the addition of new professionals, the group grew to 68 investment bankers, including 28 senior partners. The group achieved strong penetration in a number of verticals, including Financial Institutions, where D.A. Davidson ranks among the top five nationally in advisory, as well as Consumer and Technology. In addition, the group launched a transatlantic strategic partnership, D.A. Davidson MCF International, with MCF Corporate Finance, a leading European M&A advisory firm, bringing together 120 investment banking professionals in 13 offices across the United States and Europe.
Sales and Trading
The Sales and Trading group continued to expand its coverage of U.S. institutional accounts. The firm promoted Kevin Clausen to serve as Head of Institutional Sales. The firm also announced the hiring of Brian Fitzgerald and Keith Fowler, managing directors in Institutional Sales, as well as Mark Aquilino, a managing director in Sales Trading. Institutional equity revenue rose more than 30 percent year over year.
Equity Research
In Equity Research, D.A. Davidson grew its Technology team with the hiring of Rishi Jaluria and Tom White, who are focused on software and internet services, respectively. Matt Summerville was hired to add industrial technology coverage to the firm’s already deep Industrial expertise and John Morris joined the firm to provide analysis of apparel and footwear brands and retailers as part of the Consumer team. They join an award-winning group that averages over 20 years of experience per senior analyst and covers nearly 400 companies.
About D.A. Davidson Equity Capital Markets
D.A. Davidson’s Equity Capital Markets group provides capital markets services and products that include investment banking, institutional sales, trading, research and corporate services. The firm’s industry-driven research team offers award-winning research and is supported by a dedicated group of sales and trading professionals.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,350 employees and offices in 25 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
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