Raymond James promotes Hynes to head of its fixed-income sales

Municipal bond market veteran Ted Hynes has been promoted to become head of Raymond James fixed-income sales, the firm announced Monday.

Based in New York City, Hynes has almost 40 years of experience in the fixed-income markets.

He will lead a sales force of more than 150 professionals serving institutional fixed income investors comprised of state and local governments, banks, credit unions, insurance companies and investment managers.

“Over the course of Ted’s 15-year career at Raymond James, he has contributed significantly to our firm’s success, both as a talented municipal salesperson and more recently as a senior leader in the division,” said Horace Carter, president of fixed income. “I am thrilled to recognize his contributions with this vitally important role.”

Additionally, Raymond James appointed Bill Sammon to the new role of head of financial services capital markets.

Sammon, who has almost 30 years of experience, will be responsible for leading the coordination of the firm’s capital markets businesses serving financial institution clients, with a focus on the combined sales effort of equities and fixed income to banks, credit unions and insurance companies.

Based in Chicago, Sammon will also continue to serve as head of the financial institutions sales and trading group.

“Bill’s new role will ensure that we deliver the full capabilities that Raymond James has to offer to our financial services clients,” said Jim Bunn, president of the firm’s global equities and investment banking.

Hynes will partner with Sammon on fixed-income sales coverage decisions for financial institutions clients.

With headquarters in St. Petersburg, Florida, Raymond James offers private client group, capital markets, asset management and banking services to municipalities, corporations and individuals.