Longtime Muni Analyst Tom Doe Steps Back From Firm He Founded

Tom Doe, founder of research firm Municipal Market Analytics, is taking a step back from his decades-long career analyzing the state and local-government debt market.

Doe founded what is now known as Municipal Market Analytics in 1995, and the firm has become known for its research on market trends, risky sectors and distress in the asset class. Its clients include investment firms, banks, security dealers and financial advisers, its website says.

Doe has transitioned ownership to Timothy Holler and Matt Fabian, he said in a note to clients on Friday. He will remain involved in the firm. ...