Your Partner for the Public Good
Hilliard Lyons shares your interest in building strong, local communities, because we often live and work in the same cities you operate in. Whether you represent a state or local government, school, hospital, or other public or government entity, our team can help you develop an innovative funding solution, tailored to your needs, that provides the funding to expand your institution, upgrade your infrastructure, and better serve your community.

When you partner with the Hilliard Lyons Municipal Securities Group, you will be working with a firm having regional and national expertise and leadership. In 2017 we ranked first as Financial Advisor in Kentucky, first as senior manager in competitive municipal underwritings in Indiana and first as competitive senior managing underwriter in Kentucky for issues we were eligible to bid on. Our familiarity with national credits is reflected by our ranking 20th nationally as competitive senior manager in 2017. (Source: Thomson Reuters SDC Platinum)
Municipal Securities Services
Public Finance
Our Public Finance experts work with your organization to develop and bring to market a competitive or negotiated bond structure that appeals to investors and funds your projects for the public good.
Institutional Sales
Drawing on a wide range of industry experience and municipal securities, our professionals help broaden the distribution of municipal bonds throughout our footprint and beyond.
Trading & Underwriting
Leveraging our team’s vast expertise and leading-edge resources, we deliver timely insights that help strengthen your municipal bond structure and enhance marketing strategies to your ideal investor categories.
$378 Million – Financial Advisor
$221 Million – Financial Advisor
$97 Million – Senior Manager
$47 Million – Senior Manager
$32 Million – Senior Manager
$41 Million – Senior Manager
$437 Million – Financial Advisor
$10 Million – Financial Advisor

Community Involvement

To help local communities thrive, our team members devote their time, talents and resources to support local organizations nationwide.

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Our Professionals
Alex Rorke
Senior Managing Director of Municipal Securities Group
Alex Rorke
Senior Managing Director of Municipal Securities Group
Mr. Rorke joined Hilliard Lyons in December of 2011. Alex heads the Municipal Securities Group which provides public finance, sales, trading and underwriting services. He has over 30 years of industry experience and has been lead banker for billions of dollars in senior managed financings for large issuers in Illinois, Kentucky, Indiana, Wisconsin, Iowa and Michigan. Mr. Rorke was Managing Director at UBS (formerly PaineWebber) for fifteen years where he led the firm’s Midwest Public Finance Group. During that time period UBS frequently ranked first as senior manager in the region, including in Illinois and Kentucky. Prior to joining Hilliard, Alex headed national public finance at Loop Capital, where he was responsible for $14.4 billion in senior managed financings.
Mr. Rorke has extensive civic experience. He Co-Chaired Illinois’ Economic Recovery Commission and is a member of the Illinois Budgeting for Results Commission, Co-Chairs the Board of the Chicago Summer Business Institute which provides meaningful summer jobs to achieving inner-city youth and is a Trustee of both the Chicago Symphony Orchestra and the Louisville Orchestra. He has served as a Trustee of Northwestern University.
Professionally, he is a member of the Municipal Executive Committee of the Securities Industry Financial Markets Association (“SIFMA”).
Alex has a Bachelor of Science and MA degrees from Northwestern University and received his MBA from Columbia University.
Chip Sutherland
Managing Director, Public Finance
Chip Sutherland
Managing Director, Public Finance
Mr. Sutherland joined Hilliard in 2002. Chip provides investment banking and fiscal agent services for a wide variety of clients throughout the Commonwealth including K-12 public schools, water and sewer companies, electric utilities, hospitals, cities, counties, libraries, public and private universities, and 501(c)3 entities. Since 2006, he has led over $3 billion of financings for such governmental entities.

Notable financings outside the K-12 arena include securing funding for T.J. Samson Hospital for a new $45 million medical facility and serving as financial advisor for the University of Kentucky for recent projects totaling $476 million. These projects include the renovation of Commonwealth Football Stadium, construction of a new science building, renovation to Gatton School of Business, and renovation and expansion of various UK HealthCare facilities. Additionally, he has helped the leadership of Louisville Metropolitan Sewer District craft a funding strategy that will address anticipated capital needs and enable it to continue to meet its rating standards. Throughout his tenure with the firm, Chip has been involved in excess of 200 rating agency presentations. He led Metro Louisville’s 2013 and 2014 financings totaling $112.6 million in the last two years. He has been financial advisor to the Louisville Arena Authority since 2012. He earned a Bachelor of Arts & Science degree in Economics from the University of Kentucky in 1996 and an MBA in Finance from Bellarmine University in 2001.
Robert Bond
Managing Director, Head of Underwriting
Robert Bond
Managing Director, Head of Underwriting
Mr. Bond joined Hilliard Lyons in July 1996. He has over 19 years’ experience in the financial services industry and 16 years as a municipal underwriter and trader. Prior to joining the firm, Mr. Bond was an analyst with Oxford Financial Advisors in Carmel, Indiana. He is responsible for managing municipal bond competitive and negotiated issues, and all secondary trading for the Kentucky, Indiana, Ohio, Michigan and Illinois region for Hilliard Lyons. Since joining the firm, he has worked closely with the Public Finance and Institutional Sales divisions to underwrite and place over 410 Indiana transactions totaling over $2.5 billion. Mr. Bond is also responsible for the secondary market trading of all types of credits.
A native of Phoenix, Arizona, Mr. Bond has a Bachelor of Science from Arizona State University/Grand Canyon University, and is a CFA charter-holder.

Securities Expertise Worth Leveraging

Our Municipal Securities experts offer innovative, streamlined solutions to help your organization reach its financial goals.

When you work with the Hilliard Lyons Municipal Securities group, you’re partnering with a team whose knowledge, insights and hands-on support will help you fund your community-building vision. Contact us today to begin building a roadmap for your public good initiatives.

Contact Our Municipal Securities Experts

Municipal Securities Group