Stone & Youngberg, a financial services firm and underwriter of California municipal bonds, has opened its 11th office nationwide in New York’s state capital of Albany.

Jeff Hyman, a managing director in Stone & Youngberg’s public finance group, will head up the new office.

The new office in Albany presents opportunities for further growth in the Northeast.

“We’ve been staffing up in the Northeast and we see great opportunity in this environment to build the business and accelerate growth,” says Ramiro Albarran, a managing director in the public finance group at Stone & Youngberg, based in New York City. “The Albany office puts us in close proximity to many of the state’s institutional clients, allowing us to provide greater service while strengthening the firm’s ability to do business in the Northeast.”