Anna Sarabian has been named vice chair at Fieldman, Rolapp & Associates to help lead the California financial advisory firm as it experiences growth in transactional volume.
Sarabian, who joined the firm in 2003, was promoted to partner in March 2016.
“I have found she is someone I can really rely on to help manage the company,” said Adam Bauer, the firm’s chief executive officer.
Sarabian and Jim Fabian, a partner, have been instrumental in helping to grow the firm’s northern California business, Bauer said.
Sarabian and Fabian specialize in general government, which includes cities, counties and special districts, while Bauer’s specialty is working with schools.
The company’s par volume has more than doubled since 2012 when it worked on 79 issues for a par of $2.2 billion to 135 issues with a par of $4.6 billion in 2017, according to the firm’s data.
More than 50% of that growth has come through the firm’s work with school districts, Bauer said.
Low interest rates combined with stronger economic conditions have led to more school districts issuing bonds for projects as opposed to just refinancing old debt, which was the trend for several years, Bauer said.
"As municipal interest rates are expected to increase and changes from the recent passing of the tax bill are imminent, we are prepared to lead our clients through this important time of transition securely into the future,” Sarabian said.
The firm also announced that Jason Chung had been promoted to vice president in the firm’s schools practice and Lora Carpenter had been promoted to assistant vice president in the firm’s water practice.
Chung has worked as a project manager on financings and trained several associates freeing Bauer up to spent more time with clients, Bauer said. Carpenter, has less experience, but also has acted as a project on water-related financings, he said.