Lessons learned from The Bond Buyer's 2026 Hall of Fame Class

Published September 14, 2026 11:26 AM

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Kym Arnone

When Kym Arnone took over Jefferies' municipal investment banking business in 2015, the firm ranked 20th among senior managers, with just a 0.80% market share. Eleven years later, she has led Jefferies' steady march up the underwriting ranks to fourth, with a 7.74% share through the first half of 2026, according to LSEG data.

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Frank Chin

During Frank Chin's nine years as head of Citi's public finance business, the firm ranked No. 1 in negotiated underwriting. Colleagues who worked with him say the edge was not technical expertise alone, but his ability to understand enormously complicated problems, identify what mattered and explain it in a way that earned clients' confidence.

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Richard Ciccarone

Nearly four decades ago, Richard Ciccarone warned that municipal investors could be asked to hold bonds for years with little new financial information beyond what an issuer provided at the time of sale. He spent the decades that followed not only pressing issuers to provide more, but expanding what analysts could do with the information once they had it.

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Lewis Greenbaum

When Chicago Public Schools faced a financial crisis in 2016, Lewis Greenbaum's role went far beyond drafting bond documents. Working with the Board of Education, J.P. Morgan and PFM, he helped navigate a thicket of legal issues and steered the school system away from bankruptcy — an outcome he still counts among the proudest accomplishments of his nearly 50-year career.

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Dan Huge

When Dan Huge arrived at the Capital Improvement Board of Marion County, its auditors had just issued a going-concern warning. Three and a half years later, Huge had helped rebuild its reserves and refinance nearly all of its debt.
"The view before [I joined], from the financial side, was, 'We just manage the money year-to-year,'" Huge said. "I brought on the view [that] we've got to look further out. We've got to plan further out."

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Rick Kolman

Rick Kolman has twice built municipal businesses from the ground up. At U.S. Bank, he created a full-service operation that grew to a 50-person team handling banking, trading and sales within five years. At Academy Securities, he launched a municipal business that paired experienced bankers with the military- and veteran-owned firm's geopolitical insight and veteran-development mission.

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Courtney Shea

When Courtney Shea moved from investment banking into financial advisory work in 2009, she did not leave her experience behind. Colleagues say her banking background helped her understand execution, while her legal training gave her a strong grasp of bond documents and transaction underpinnings — a combination that became an advantage on financings from Illinois' $10 billion pension bond to Chicago's $3 billion debt restructuring.

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Lessons learned from The Bond Buyer's 2026 Hall of Fame Class

Kym Arnone

Frank Chin

Richard Ciccarone

Lewis Greenbaum

Gary Hall

Dan Huge

Rick Kolman

Courtney Shea