AJ Maggio joins KeyBanc fixed income

Cleveland-based KeyBanc Capital Markets has tapped AJ Maggio as managing director and national sales manager of fixed income.

Maggio will be based in Chicago and report to Brian Brennan, national head of fixed income and derivatives.

“AJ has a demonstrated track record growing, recruiting and managing sales producers across all products,” said Brennan. “He also brings strong relationships with the dealer and investor communities, and I look forward to his contributions.”

Maggio joins KeyBanc from Hilltop Securities Inc., where he spent more than 12 years, most recently as executive managing director and co-head of capital markets. Before that he was vice president of fixed income at Morgan Stanley Smith Barney, with earlier stints at BondDesk Group LLC and Bank of America.

At KeyBanc he will be “responsible for growing KBCM’s distribution through active recruitment of fixed income producers,” the firm said. He will also “manage the firm’s investor client base through the enhanced use of data and analytics to drive further growth in investors and revenue across all products.”

“Excited to embark on this new chapter and deeply grateful to those who’ve supported me on the journey to reach this milestone,” Maggio said on LinkedIn.

Maggio is a member of the Securities Industry and Financial Markets Association Taxable Fixed Income Committee, American Securities Association and the Bond Dealers of America.

KeyBanc Capital Markets ranked 19th nationally among senior managers last year, 21st in 2022, 22nd in 2021 and 21st in 2020, according to data from Refinitiv.

The firm last year named Thomas Bajus head of fixed-income trading. Bajus came from Janney Montgomery Scott LLC where he was head of fixed income capital markets. In 2022, the firm hired veteran public finance professional Mark Miller as lead of the central office team, while the firm’s Cain Brothers division — KeyBanc acquired the specialty healthcare shop in 2017 — bolstered its healthcare team with the addition of Chris Whitley.

KeyBanc Capital Markets is the corporate and investment banking arm of Cleveland-based KeyCorp. The firm has more than 100 employees in its fixed-income division, according to its website. The sales and trading group has offices in Cleveland, Boston, New York City, Atlanta, Chicago, San Francisco and Los Angeles.