Mitsubishi UFJ Financial Group, Inc., hired Lisa Smith, formerly of Siebert, Cisneros, Shank & Co., the latest move in the Japanese firm's drive to enhance its U.S. public finance business.

Smith, will take over as a managing director based in Los Angeles and will be responsible for managing the overall banking relationships with state and local government clients and prospects, MUFJ said in a June 8 press release.

Lisa Smith, managing director, MUFG
Lisa Smith

“Lisa’s client-centric focus to public finance is consistent with MUFG’s long-standing approach to this dynamic and challenging market,” said Kevin Dunphy, managing director and head of public finance for MUFG. "With Lisa on board, MUFG has added a respected professional who has spent more than two decades in the municipal investment banking business. We believe our clients will benefit from Lisa’s talent and experience.”

Smith, a 25-year industry veteran was most recently a managing director and head of the west region for Siebert. Over the course of her career, she has managed more than $40 billion in transactions, structured several pioneering financings, and provided analytical expertise for a variety of issuers.

In 2002, she co-founded the financial advisory firm Gardner, Underwood & Bacon which was acquired by Loop Capital Markets in 2011. She has also worked at First Interstate Bank, Société Générale, Donaldson Lufkin & Jenrette, and Stone & Youngberg.

Kevin Dunphy

Her duties will include originating and structuring term loans, lines of credit, standby bond purchase agreements, and letters of credit, as well as delivering a complete suite of banking services and products.

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