Chicago-based Mesirow Financial elevated it chief financial and chief administration officer Natalie Brown to president, replacing Dominick Mondi who retired in February.
“Natalie is a natural leader with deep financial services experience, and an ability to navigate through complex challenges and opportunities successfully,” Richard Price, the firm’s chairman and chief executive officer, said in a recent statement. “As we are emerging from the pandemic, we see increased optimism in the communities we operate in and a sense of renewal among our clients.”
Brown, 50, joined the independent, employee-owned financial services firm whose capital markets arm does public finance banking, in 2018 after 18 years at Nuveen, where she held senior accounting, finance, and investor relations positions.
Since joining the firm, Brown has advised the firm’s board and businesses on financial, operational, and organizational strategy “playing a pivotal role in recent lift-in acquisitions, key senior hires and technological innovation,” the firm said.
Mondi, a well-known name in public finance sectors from his tenure at the now-defunct Bear, Stearns & Co., retired in February after 12 years at Mesirow where he rose through the ranks. Mondi joined the firm to lead its sales group after 28 years at Bear Stearns where he was a senior managing director.
In 2012, Mesirow named Mondi president of the fixed-income capital market division, a new position established to better coordinate the work of the institutional sales and trading, public finance, and credit tenant-lease finance groups. In 2017, the firm named appointed him president, filling a post vacant since 2011 when Price was elevated to the CEO post after the sudden death of James Tyree.
Mondi took over as CEO in 2018 while Price remained chairman and Mondi also continued to lead capital markets. The firm handed the mantle of CEO back to Price last year as Mondi said the capital markets business had become so busy that it required more of his attention.
Jesse Keig, who has been with the firm since 2006, most recently as financial controller, will take over a CFO.