DALLAS – Former Dallas Independent School District chief financial officer James C. Terry has joined Siebert Cisneros Shank & Co., where he will focus on financing school construction, expansion and renovations as managing director, the company said.
Terry, who also served as DISD’s budget director and as the executive director of finance and accounting services at the San Antonio North East Independent School District, will be based in the firm’s Dallas office.
As school districts across Texas continue to see significant growth, the need for new construction is greater than ever, the company said.
“Texas is growing, and we need new, state-of-the-art schools to ensure that children are continuing to receive the highest-quality education possible,” said Keith Richard, managing director and head of the Texas Region for SCSCO. “School districts across the state are planning ahead and trying to keep up with an increasing population. Our firm provides Texas school districts access to the capital markets through our leading institutional sales force which has a long history of delivering unmatched cost-efficient and effective solutions to clients in Texas and throughout the nation.”
Terry has worked as an investment banker and teacher. He was also budgeting accounting manager at the San Antonio Federal Credit Union and worked at M.E. Allison Investment Bankers. He had been the Dallas schools CFO since 2011, according to his LinkedIn page.
“I’ve dedicated almost my entire adult life to the education of children and young adults,” Terry said. “We have so many communities in Texas that are bursting at the seams and need new schools, expanded schools and the most modern and up-to-date facilities possible, from classrooms, to laboratories to art and recreational spaces.”
Terry has a Ph.D. in psychology and has taught accounting at the University of Texas at Austin and St. Mary’s University in San Antonio, among other schools.
“SCSCO has a strong track record in K-12 financings nationally and expansion of the practice in our Texas region is a priority,” said chairwoman and CEO Suzanne Shank. “Dr. Terry’s extensive relationships and years of hands-on experience will bring enormous value to our clients.”
The firm says it has been an underwriter on more than $17.9 billion in bonds for 44 school districts in Texas since 1996. Last spring, SCSCO was senior manager for the first green bonds for a school district in Texas. The Fort Bend Independent School District issued $99 million in bonds to finance environmentally sustainable construction at three elementary schools.