NEW YORK--(BUSINESS WIRE)--Mar 31, 2026--
Samuel A. Ramirez & Co., Inc. (“Ramirez & Co.”) is pleased to announce that Michael Grogan has joined the firm as Senior Vice President of Institutional Corporate Sales and Strategic Market Structure.
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Grogan brings more than two decades of institutional fixed income experience, most notably serving as Co-Head of U.S. Fixed Income Trading at T. Rowe Price. In that role, he led a multi-asset trading team and partnered closely with global portfolio managers, analysts, and traders across investment grade corporates, securitized products, U.S. rates, municipals, money markets, and derivatives, while advancing electronic execution, portfolio trading, and broader market structure initiatives.
“Mike’s deep experience on the buy-side and his strong understanding of market structure and execution make him an excellent addition to our growing fixed income platform,” said Sam Ramirez Jr., Senior Managing Director.
In his role, Grogan will focus on expanding direct account coverage and strengthening client relationships, enhancing the firm’s electronic trading presence across leading platforms, and driving greater integration of client and trading data across the organization. He will also work closely with the firm’s Syndicate desk to deepen collaboration and help convert primary market relationships into sustained secondary trading activity.
“We are very pleased to welcome Mike to the team,” said Ramirez Jr. “His leadership, strategic perspective, and experience working across both traditional and electronic trading environments will be instrumental as we continue to grow our secondary and primary trading businesses.”
Prior to joining Ramirez, Grogan spent more than two decades at T. Rowe Price, where he played a key role in advancing electronic and portfolio trading workflows, strengthening broker-dealer relationships, and improving execution quality and liquidity access. He also previously worked at Genesis Global, focusing on strategic client engagement and workflow innovation.
“Ramirez has built a strong platform with a unique position in the market, and I am excited to join the team,” said Grogan. “I look forward to working closely with colleagues across the firm to expand client relationships and drive continued growth.”
Grogan holds the CFA designation and earned a Master of Science in Finance from Loyola University Maryland.
About Samuel A. Ramirez & Company, Inc.
Founded in 1971, Ramirez is a nationwide, full-service investment bank, brokerage, and advisory firm serving institutional clients and retail investors across six core areas: municipal finance, investment banking, fixed income sales and trading, institutional equities, wealth management, and asset management. The firm is recognized as one of the industry's preeminent and best-capitalized boutique underwriters, having cultivated a banking, underwriting, sales and trading, and strategy team that is unique in its integration. Headquartered in New York City, Ramirez has 12 additional offices nationwide. More information about the firm is available at https://www.ramirezco.com.
Michael Grogan, Senior Vice President of Institutional Corporate Sales and Strategic Market Structure, Samuel A. Ramirez & Co., Inc.
Authorities in Southern California on Friday were racing to figure out how to prevent the explosion of a storage tank that has been leaking a hazardous chemical used to make plastic parts, as some 40,000 people were under evacuation orders in the area.
A storage tank holding between 6,000 and 7,000 gallons (22,700 and 26,500 liters) of methyl methacrylate overheated Thursday and began venting vapors into the air at an aerospace plastics facility in Garden Grove, a city in Orange County, the county’s fire authority said. The tank could fail and crack, releasing the chemical onto the ground, or it could explode, Garden Grove Fire Chief Craig Covey said Friday.
“This thing is going to fail, and we don’t know when,” Covey said. “We’re doing our best to figure out when or how we can prevent it.”
Officials ordered residents in Garden Grove to leave and expanded evacuations orders Friday to some residents of five other Orange County cities — Cypress, Stanton, Anaheim, Buena Park and Westminster — after being unable to stop the leak overnight on the tank at GKN Aerospace, which makes parts for commercial and military aircrafts.
No injuries or deaths have been reported, authorities said.
In an update later Friday, Covey said authorities have been able to maintain the tank's temperature, buying time to figure out how to fix it.
Garden Grove is about 38 miles (61 kilometers) south of downtown Los Angeles and less than a mile from Disneyland's two theme parks, which were not under evacuation orders Friday. The city is known for its vibrant Vietnamese community, one of the largest of any U.S. city.
Danny Pham said he was deep in a dream when his roommate banged on his door around 7 a.m. Friday morning and told him he needed to leave immediately. Pham had been working late the night before at a Vietnamese restaurant and had not seen the news.
“It was shocking to me,” said Pham, who lives only a couple blocks from the plastics plant. “I didn’t know how serious it would be. I never new that a thing like this could happen.”
He left minutes later, grabbing only his wallet and passport, and took shelter at a friend’s restaurant in a neighboring city.
By late Friday afternoon, Pham was still trying to figure out where he would stay the night and worrying that he had only the clothes on his back, possibly for days to come.
Covey said crews have created containment barriers with sandbags in case there is a chemical spill from the tank to prevent the toxic chemical from getting into storm drains or reaching creeks or the nearby ocean.
Dr. Regina Chinsio-Kwong, the county health officer, said if the chemical heats up, it can release a vapor that is harmful to people’s health. It can cause respiratory issues, itching and burning eyes, nausea and headaches.
Crews were initially successful and were able neutralize one of two damaged tanks, but Covey said they determined Friday morning that the remaining tank was “in the biggest crisis.”
GKN Aerospace said specialized hazardous material teams are assessing the situation.
“There are no reports of injuries at this time and our priority remains the safety of our employees, responders, and the surrounding community,” a spokesperson said in an emailed statement. "We will provide verified updates as soon as more information becomes available.”
Kim Yen, a retiree in Garden Grove, was settling in for the night Thursday when she heard a siren-like sound coming from her phone. An alert told her she needed to leave her home, which was just two blocks from the chemical leak.
As Yen drove to her daughter’s house in Seal Beach, she worried that others in the local Vietnamese community might ignore or not understand the evacuation alert because it was in English.
“They are family,” she said. “I’m hoping they stay alert and listen to the news and the authorities. This is scary.”
Yen, who is originally from Vietnam and has lived in Orange County since 1980, quickly stopped by her house Friday morning to grab important documents and medications. By then her neighborhood was “a ghost town,” and she was comforted to see police officers going door to door to make sure everyone had evacuated.
“We understand that this is frightening,” Garden Grove Mayor Stephanie Klopfenstein said. “But the evacuation orders are in place for your safety.”
Local Vietnamese television stations translated updates from officials and urged residents to take the situation seriously.
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Rodriguez reported from San Francisco, Rush from Portland, Oregon, and Schoenbaum from Salt Lake City.
Water is sprayed on a tank that overheated at an aerospace plant in Garden Grove, Calif., Friday, May 22, 2026. (Jeff Gritchen/The Orange County Register via AP)
Orange County Fire Authority Division Chief Craig Covey speaks during a news conference at the Los Alamitos racetrack in Cypress, Calif., Friday, May 22, 2026, about hazmat situation in Garden Grove, Calif. (Jeff Gritchen/The Orange County Register via AP)
