Title: Assistant City Treasurer
Firm: City of Long Beach, California
Long Beach, Calif. has a reputation for creating one of the state’s most creative P3s.
Now it also has the distinction of having its assistant treasurer, Fidel Aguayo, 39, named one of the Bond Buyer’s Rising Stars.
Aguayo has worked in public finance for 15 years. He began his career at a nationally-ranked investment bank before moving over to the issuer side.
His path to working for government was unique to him. His twin brother is director of finance for the University of Southern California.
“We are probably the only twins working in public finance,” Aguayo said.
When Aguayo was in college, his brother was doing an internship in public finance for the City of Long Beach.
“He would come home and talk about it and I was fascinated with the work he was doing,” Aguayo said. “And, I started to think about how I could get into munis.”
Prior to his current position, Aguayo was a vice president at a nationally ranked investment bank, where he was responsible for oversight of the firm’s regional office including staffing, client rela- tions, and investment banking activities. He also advised finance executives and elected officials on muni bond issuance. During this time, Aguayo worked on $40 billion in municipal debt includ- ing $6 billion in senior managed bond financings.
In his free time, he said, he enjoys paintball, camping and driving his Chevy Silverado truck.