SOURCE: First Empire Securities, Inc.

First Empire Securities, Inc.

November 12, 2015 11:10 ET

First Empire Securities Adds New Issue Municipal Bonds to Product Lineup

Joins Underwriting Syndicate, Opens Chicago Office

NEW YORK, NY--(Marketwired - November 12, 2015) - First Empire Securities, a national fixed income broker-dealer for institutional investors, announced that it has joined an underwriting syndicate and is now offering clients access to new issue municipal bonds.

"In expanding our product offerings to include new issue municipal bonds we are giving our clients more choices in managing their investment portfolio," said Stephanie Rella, chief operating officer at First Empire Securities. "This move reaffirms our commitment to providing products and services that reflect the growing needs of the institutions we serve."

Guy Spieler, a municipal bond trader formerly of Lehman Brothers and Incapital, has joined the firm to lead its municipal bond underwriting business. He has more than 25 years of experience in the municipal bond sector and has worked extensively in the new issue market. Spieler will work alongside First Empire's other municipal bond traders.

"This is exciting news for institutions that work with First Empire as they will now have access to the new issue market and all the benefits it provides," said Spieler. "The new issue market provides access to a diverse group of issuers across the entire credit spectrum."

Spieler's arrival marks the opening of First Empire's Chicago office and continues the firm's plan to grow its municipal bond capabilities. In June, the firm expanded its municipal bond trading desk, opening offices in San Francisco and Chatham, New Jersey. The firm plans to build out the offices as part of its national growth strategy. Currently, the firm also has branches in Alabama, Arizona, California, Florida, Kentucky, Michigan, Oregon, Tennessee and Virginia.

About First Empire Securities

First Empire Securities, a national fixed income broker-dealer, and its affiliate companies, LPC Services, Balance Sheet Management Services and First Empire CD Management, have been committed to helping institutions make well-informed investment decisions and better manage their balance sheets for the past 30 years. These companies provide a range of services for institutional investors, including fixed income investing, loan participations, risk management, regulatory consulting and funding strategies. First Empire Securities is a member of FINRA and SIPC. Its affiliate companies are not members of FINRA or SIPC.

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