David C. Clapp, one of the most influential executives in the municipal bond business, is expected to formally annonce his retirement from Goldman, Sachs & Co. tomorrow, sources at the firm say.

Clapp, a general partner and head of the firm's municipal bond department, served as 1993-94 chairman of the Municipal Securities Rulemaking Broad through September, shepherding the industry through one of its most turbulent periods in memory.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.