Vivian Altman, Paul Creedon, among former Janney employees joining Huntington Securities

Janney Montgomery Scott's former head of public finance, Vivian Altman, and former head of national infrastructure, Paul Creedon, are among 16 employees who have joined Huntington Securities' public finance team, a Huntington spokesperson said.

The moves come as Huntington Securities and Capstone Partners, both subsidiaries of Ohio-based Huntington Bancshares Inc. (HBAN), closed the acquisition of three business units from Janney's capital markets division that was first reported in November.

With the deal's completion, Janney officially exits the public finance space.

The acquisition expands Huntington's existing capital markets capabilities and products, including a larger fixed income sales and trading customer base and new coverage and capabilities in public finance. It also bolsters Huntington's presence in multiple major cities, including New York, Chicago, Philadelphia, Boston and Atlanta, the firm said Tuesday in a release.

"The Janney acquisition was a fantastic opportunity for us to gain a presence in the Northeast and Mid-Atlantic and add sector expertise in transportation and securitization with highly respected, veteran professionals ? a number of whom I've worked with in the past," said Samantha Costanzo, Huntington's head of public finance.

As part of the deal, nearly 140 Janney employees have joined Huntington or Capstone across the three units. On the public finance side, both Altman and Creedon, along with former Janney managing director Kirwan Elliott, will serve as managing directors at Huntington Securities.

Altman, with her background as an issuer and banker, brings "deep-rooted client relationships with issuers across the Northeast that complement our existing business nicely," while Creedon has "issuer relationships nationally with specialized expertise in transportation and securitization," Costanzo said.

"I am very excited to join Huntington as the bank has a clear and well-defined commitment to public finance and municipal securities," Altman said in a statement. "I have been impressed with not only the capabilities and underwriting experience of the bank but also the caliber of the professionals who are contributing to its success and growth. As a longtime industry veteran, Sam and I have worked together and known each other for many years and are aligned on strategic objectives and best-in-class execution for our clients."

"This transaction reflects our commitment to growing Huntington's capital markets capabilities," said Matt Milcetich, executive managing director of Huntington Capital Markets, in a statement. "There is a strong cultural fit between the teams, and we are excited about the opportunity to come together and deliver more capabilities to our clients going forward. We look forward to integrating quickly and maintaining our momentum into the year ahead."

Since 2024, Huntington has worked on bolstering its public finance division, adding 24 employees, including Dan Kelly, a new head of underwriting, sales and trading, at the start of last year, Costanzo said.

Additionally, Huntington recently hired James Castiglioni, formerly of Citi, as head of financial structuring, where he will be "a senior banker covering clients nationally and provide analytical expertise to the team," she said.

"We are delighted to be at a bank that is growing at a rapid pace and able to invest so heavily in the public finance sector," Costanzo said.

The firm currently has 10 offices, and with the acquisition will add two more, one in Philadelphia and one in Boston, the spokesperson said.

Janney and Huntington were always neck-and-neck among the top underwriters in the muni market.

Janney ranked 27th in 2025, underwriting $2.532 billion in par value across 108 deals. Huntington ranked 28th last year, accounting for $2.413 in 136 transactions.

In 2024, both firms performed similarly. Huntington ranked 26th in 2024, underwriting $2.067 billion across 90 deals, while Janney ranked 29th, with $1.809 billion in par across 90 transactions.

Caitlin Devitt contributed to this article.