Incapital to Distribute Goldman Sachs' Underwritten Municipal Bonds
CHICAGO, BOCA RATON, Fla. and NEW YORK, Sept. 8 /PRNewswire/ -- Incapital LLC and Goldman Sachs & Co. today announced an exclusive agreement for the sale of new issue municipal bonds through Incapital's distribution network of over 600 broker dealers, bank trust departments, asset managers and Registered Investment Advisors ("RIAs").
Incapital will distribute a broad range of municipal offerings underwritten by Goldman Sachs. This distribution arrangement will enable Goldman Sachs to access the deep pool of municipal bond investors serviced by the Incapital network. Goldman Sachs consistently ranks as one of the leading underwriters of municipal securities nationally.
John Radtke, President of Incapital, said, "Our alliance with Goldman Sachs will give financial advisors at banks, RIAs and broker-dealers access to a wide spectrum of new issue municipal securities which previously have been difficult to access. We feel this will broaden the appeal of a very attractive asset class and provide greater diversification in distribution for municipal issuers."
"We are pleased to be able to expand the number and types of investors accessed by our issuing clients through our relationship with Incapital, a recognized leader in distributing fixed income products. Its distribution network perfectly complements our proven institutional sales capability as well as our extensive high net-worth private wealth management efforts," said Jeff Scruggs, Co-Chief Operating Officer of Goldman Sachs' Public Sector and Infrastructure banking group.
Incapital LLC, based in Chicago and Boca Raton, offers a variety of instruments through its distribution pipeline, including corporate bonds, U.S. Agency securities, Certificates of Deposit, structured notes and mortgage-backed securities.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Contact:
Scott Matter, Incapital, 212.354.5588
SOURCE Incapital LLC
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