Siamac Afshar has joined HJ Sims' Philadelphia office as vice president of investment banking, the firm said Tuesday.
He comes to Sims from Acacia Financial Group, an independent municipal advisory firm, where he was a vice president and spent the past 12 years managing projects and analytics for governmental entities and issuing authorities across the U.S.
In addition to being involved in over $125 billion principal amount issued, he led the firm’s open market securities escrow bidding practice and acted as the quantitative lead for the firm’s derivatives practice. Previously, he worked for four years at Public Financial Management.
“We are excited to welcome Siamac Afshar to the HJ Sims banking team. Siamac brings a wealth of knowledge and expertise to our firm; his strong public finance background and his outstanding analytical and transaction management skills will be a tremendous asset to our clients,” said Aaron Rulnick, managing principal at Sims. “We are also excited to expand our derivative advisory and escrow bidding capabilities under Siamac’s leadership. Most importantly, Siamac has been a trusted advisor to his clients, a trait we greatly value and share.”
Sims said through his work on large and complex transactions he brings a range of relevant experience and technical expertise in tax-exempt and taxable financing, interest-rate hedging and proceeds investment. His work also includes furthering research and policy initiatives with the Internal Revenue Service and Government Accounting Standards Board on rules relating to derivative and interest-rate hedging transactions.
Founded in 1935 on Wall Street,
