The retirement of former West Hollywood City Manager Paul Arevalo didn’t last long. Bond Buyer recently announced Arevalo has taken the role of managing director at Raymond James in its Pasadena office “further strengthening the firm’s public finance coverage in the state.”
Raymond James is a global financial services firm with a focus on providing trusted advice and tailored, sophisticated solutions for individuals and institutions.
“Paul managed multiple large infrastructure projects that involved complex real estate strategies,” Gavin Murrey, executive vice president and head of Public Finance/Debt Investment Banking at Raymond James, said in a statement according to Bond Buyer. “His wealth of experience will add tremendous value, not only to our team but, most importantly, to our clients.”
“After more than 30 years of city government leadership, it’s a privilege to be on the other side of the table helping other California municipalities improve for the benefit of their residents and businesses,” Arevalo said in a statement. “With a strong platform and growing presence throughout California, I’m thrilled to join Raymond James and its dedicated, client-focused team of professionals.”
Arevalo was with the City of West Hollywood since 1990. He took the job of City Manager in 1999. Prior to becoming City Manager, he served as its Director of Finance. He announced his retirement in March of this year and he retired in June. As West Hollywood City Manager, he oversaw the development and implementation of the 36,000-population city’s long-range strategic plan and related large-scale capital projects, including the development or implementation of master plans for a new public library, parks and parking garages.
Transparent California had him making $499,527.00 in pay and benefits in 2019 as West Hollywood’s City Manager. Below is a breakdown dating back to 2011.
Arevalo holds an undergraduate degree from California State Polytechnic University, Pomona and has completed the Berkeley Executive Seminar for City Managers at the University of California, Berkeley’s Goldman School of Public Policy. He has also done graduate work at the School of Public Administration at California State University, Los Angeles.
Bond Buyer reports that Raymond James has 170 people working in public finance in 35 locations nationwide. Its total assets are $1.18 trillion. Public since 1983, the firm is listed on the New York Stock Exchange.
In 2020, the firm ranked 10th among municipal underwriters, credited by Refinitiv with $18.2 billion of deal volume.