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IFS SECURITIES EXPANDS INVESTMENT BANKING PRESENCE
IFS Securities, an Atlanta-based full-service independent broker-dealer, expanded its investment banking division recently with the addition of Craig Walker as Vice President, Public Finance, and the closing of a municipal bond issue.
In December, IFS served as underwriter for a $2,505,000 negotiated municipal bond issue for Uniontown, Ala. “Our corporate finance team which closed this transaction focuses on solving financing needs of our issuer clients and is responsible for our continued growth as a municipal bond underwriter,” IFS Securities President and CEO Alex McKenzie said.
IFS’ corporate finance team provides such services as equity, debt, and private placements; underwriting initial and secondary public debt; and arranging equity offerings. IFS engages in the underwriting and origination of various types of debt instruments, including investment-grade debt for corporations, municipalities, agencies, and asset-backed securities. The flexibility and reach of IFS’ taxable fixed-income group allows it to place securities with “buy and hold” investors who bring enhanced value to these offerings in the marketplace.
Walker, who joined IFS last quarter, brings over 25 years of investment banking experience structuring transactions for municipal and corporate clients to IFS. Prior to joining IFS, he served as lead banker on senior managed financings for cities and counties including the City of New York, the State of Connecticut and the City of Selma, Ala., in many innovative transactions including a pension obligation bond issue. He has worked with issuers to obtain first-time ratings and has structured transactions including general obligation, enterprise fund financings, charter schools, cash flow financings, asset-backed securitizations and financing structures isolating revenue streams. Previously, Walker worked with Blaylock Robert Van, Entertainment Finance Associates, Prudential Securities and Daniels and Bell.
“Craig Walker is a well-qualified addition to our growing investment banking team,” McKenzie added. “He has served as a lead banker and structured $10 billion in debt and equity transactions in capital markets for his clients.”