D.A. Davidson opens New York City office

Investment firm D.A Davidson & Co. said Thursday that it has opened a capital markets office in New York City. Also, the firm has tapped Steve Shepard, managing director and Lou Luther, associate vice president of institutional sales, to open the office. Both Shepard and Luther report to Raoul Clark, who heads the firm’s institutional equity sales.

PRESS RELEASE

PORTLAND, Ore.–(BUSINESS WIRE)–D.A. Davidson & Co., a full-service investment firm with a growing capital markets practice, today announced that the firm has launched an equity capital markets office in New York City and hired two veteran institutional sales professionals as part of continued development of the firm in East Coast markets. Steve Shepard, managing director, and Lou Luther, associate vice president of institutional sales, have opened the office, on Madison Avenue.
“Steve and Lou are the right team to build D.A. Davidson’s presence in the New York market,” said Doug Woodcock, president of D.A. Davidson’s Equity Capital Markets Group. “New York is the largest institutional market in the U.S. and opening a New York office is an important step in our growth strategy.”
Shepard and Luther report to Raoul Clark, head of D.A. Davidson Institutional Equity Sales.
Shepard has extensive experience in the securities industry, most recently with Wells Fargo. He joined A.G. Edwards in 2003 and remained with the firm as it was acquired first by Wachovia and then Wells. Previously, he was director of institutional sales with Credit Lyonnais and worked earlier in institutional sales with Sanford Bernstein. He is a graduate of the U.S. Air Force Academy and a former fighter pilot.
Luther has been working alongside Shepherd for the past five years, also with Wells Fargo. He previously was part of a sister part of the business, working as a financial advisor with Wells Fargo Advisors, and has experience also in commercial lending. Luther graduated from Mansfield University.
D.A. Davidson established a New York office for fixed income capital markets, also on Madison Avenue, in 2013. The Equity Capital Markets Group is based in Portland, Ore., and also has offices in Boston; Chicago; Denver; Great Falls, Mont.; Minneapolis; Orange County, Calif.; Salt Lake City; and Seattle.
About D.A. Davidson & Co.
Founded 79 years ago, D.A. Davidson & Co. is a full-service investment firm, with operations throughout the country. D.A. Davidson’s Equity Capital Markets Group provides capital markets services and products that include investment banking, institutional sales, trading, research and corporate services. The firm’s industry-driven research teams offer award-winning research, and are supported by a dedicated group of sales and trading professionals. D.A. Davidson’s investment banking team underwrites public offerings, serves as a placement agent for private financings and advises companies on mergers and acquisitions.
D.A. Davidson is one of four firms within Davidson Companies, an employee-owned regional financial services holding company. With 1,400 employees working in 23 states, Davidson Companies is responsible for more than $45 billion in client assets under management and administration.