Janney Montgomery Scott (Janney), a Philadelphia-based full-service financial services firm, has expanded its capital markets’ services with the opening of a new institutional office in Chicago. The firm expects that expanding into Chicago will help to meet the needs of its institutional client base throughout the midwest to west coast.

Additionally, Janney has named a team for the Chicago office. The executives include: James Donovan, TFI institutional sales. Mr. Donovan is a seasoned fixed income professional and worked previously at Cantor Fitzgerald in Chicago. Peerce Lake, equity institutional sales. Mr. Lake joins from KeyBanc, where he worked in institutional equity sales. Donna Swierski, municipal institutional sales. Ms. Swierski has worked previously in the institutional sales force at JPMorgan, Legg Mason, KeyBanc. Stephen Wool, municipal institutional sales . Mr. Wool has worked previously in sales and sales management for a number of firms, including RBC Dain Rauscher, Legg Mason, and most recently, KeyBanc.

The bank has also hired a team for its headquarters office at Philadelphia. The executives include: Chris Dougherty, corporate bond trading. Mr. Dougherty worked most recently for Merrill Lynch. Megan Rutt, corporate bond analysis and strategy. Ms. Rutt joins from CapRok Capital, where she served as managing director, credit desk analyst and strategist. James Wingerter, municipal institutional sales. Mr. Wingerter served most recently at UBS financial services where he worked in regional institutional fixed income sales.

Jordie Maine, head of capital markets, Janney Montgomery Scott, said: “Chicago is a logical expansion point for our business while we remain committed to building expertise in our existing footprint. Our primary focus is to meet the needs of our clients and to do so in a way that sets us apart from our competitors.”

“These additions—both to our footprint and in personnel—reflect Janney’s evolving culture driven by its focus on growing long-term client relationships, developing a deeper understanding of client needs and delivering capital solutions that exceed expectations,” he added.