Management Team

David T. Maccagnone
Chairman and CEO

David T. (Dave) Maccagnone, founder and chief executive officer of Multi-Bank Securities, Inc. (MBS), is a proud United States Marine Corps veteran and Purple Heart recipient with more than 40 years of experience in the institutional securities industry.

Dave first felt the call to serve his country while he was in high school during the Vietnam War. Dave left school to join the Marine Corps and fought in the siege of Khe Sanh as an artillery forward observer. His call sign was Molly Pitcher 64.

After completing his tour of duty, Dave returned to the U.S. and earned a bachelor’s degree in education from Oakland University. He recommissioned with the Marine Corps as a second lieutenant after graduating and was honorably discharged a second time in 1975 in the rank of captain.

After returning home, he established his career with Merrill Lynch as a broker focused on fixed-income securities. Armed with a vision to better serve the institutional securities market, Dave founded Multi-Bank Services, Ltd. in 1985 before establishing MBS as a subsidiary to serve a larger segment of the market. MBS became a registered broker-dealer with trading and funding capabilities in 1988.

Today, MBS has grown from a small home business to a nationally recognized broker-dealer serving thousands of institutional clients across the U.S.. Dave’s strategic leadership has shaped MBS into a firm that emphasizes personal service and client relationships while embracing technological innovations. Dave travels extensively each year, meeting with hundreds of clients around the country and sharing his insights as a speaker at major industry conferences. He is active in daily operations of the company and is personally involved in the training and development of MBS employees.

The Firm has been named to the Inc. 500|5000 fastest-growing, privately held companies list, Crain’s Detroit Business Private 200 list, Crain’s Detroit Business Fast 50 list and Crain’s Detroit Business Largest Veteran-Owned Business list, and it was selected as a winner of Corp! Magazine’s 2018 Economic Bright Spot Award. MBS executed $220 billion in fixed-income securities for our clients in 2023.

Dave holds the following FINRA licenses: a General Securities Representative (Series 7), a General Securities Principal (Series 24) and a Uniform Securities Agent State Law (Series 63).