Mesirow Financial has named executive Dominick Mondi as its president, filling a spot vacant since 2011 and tipping its hat as to a possible successor to Chief Executive Richard Price.
Price, 69, has held the CEO job at the Chicago-based investment, risk management and advisory services firm since 2011, when he moved from president to the top spot after the death of CEO James Tyree.
Mondi, 62, who serves as president of Mesirow’s capital markets business and is a Mesirow board member, will assume the new role April 1.
External candidates were considered, but the board was in unanimous agreement that an insider should get the job, Mesirow said in an email to workers. "Dominick has the right mix of strategic vision and effective execution," the email said. "He’s also adept at recruiting."
The email also addresses when and whether Mondi is the heir apparent to Price.
"For the next several years, Dominick will work closely with CEO Richard Price and our businesses to help with the firm’s strategic growth," the email said. "We fully expect that he will make a positive impact on the organization and are confident of his ability to lead Mesirow Financial into the future."
Since joining the firm in 2008, Mondi has expanded Mesirow’s capital markets businesses, increasing its annual institutional sales and trading volume to $35 billion. He will continue to co-manage that business, which also includes public finance and credit tenant lease finance and structured debt products groups.
Mondi previously was a senior managing director at Bear Stearns, where he led Chicago municipal sales operations and also worked in municipal bond sales efforts in the New York office.
Mondi has a bachelor’s degree from St. John’s University.
Mesirow also said it was expanding Chief Financial Officer Kristie Paskvan’s duties to include chief operating officer, a role also once held by Price.
Paskvan, 58, joined Mesirow in 1997 and was promoted to CFO in 1999. She has a bachelor’s from the University of Illinois and a Master of Business Administration from Northwestern University.
Last year, Mesirow sold its insurance business, which accounted for 22 percent of its revenues and a third of its workforce.
byerak@chicagotribune.com
Twitter @beckyyerak
Our editors found this article on this site using Google and regenerated it for our readers.
