Cabrera Capital Markets has hired ex-
Rasmussen, who worked at
Most recently, Rasmussen, who started at Cabrera last week, was managing director of municipal capital solutions and debt capital markets at
Rasmussen’s hire demonstrates Cabrera’s continuing commitment to expanding its municipal division by hiring established, and proven, leaders in the industry, said Martin Cabrera Jr., the firm’s founder and chief executive officer.
He replaces Merita Kulpsinski, a 16-year veteran of Cabrera, who had been the interim managing director since late 2023. She will continue in her role as a senior underwriter.
Rasmussen left Citi during
“I was running the capital derivatives group when
Rasmussen had worked closely with Carrasco, who was hired away from a position heading
“My feeling is Cabrera is more like a family,” Rasmussen said.
“Everyone is committed to best execution and to serving the client, which is the same thing the teams at
“Tom’s stellar reputation at
Rasmussen was hired with the aim of expanding the firm’s distribution with both traditional and non-traditional accounts, said Robert Aguilar, president of Cabrera Capital Markets.
Cabrera plans to continue to add to its core public finance franchise and also to expand its national and regional sales and trading team, Aguilar said.
Under Carrasco’s leadership, the trading and sales teams are expanding their coverage to include project financing, higher education, health care and transportation, he said.
Cabrera began adding senior bankers in early 2022, and has been among those
Cabrera, and other banks with muni business, have been competing for those firm’s veteran bankers. Since February,
“One thing that has been amazing is the success all of the
“I don’t think anyone was expecting the department to close. There is lot of expertise sprinkled around the street at this point,” he said.
“It created an opportunity for many of us to exit and think of other entrepreneurial opportunities we would like to be involved in,” Rasmussen said.
Cabrera hired three former
It also made four significant hires in 2022, hiring Carrasco, bringing on Ricardo Salazar