Lebenthal & Co. will exit the municipal public finance underwriting and institutional sales business to focus solely on municipal retail sales, the firm said on Monday.
The firm will lose approximately 200 institutional accounts as a result of the departure, Alexandra Lebenthal, president and chief executive officer of the firm told The Bond Buyer exclusively.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access