SAN FRANCISCO - Siebert Brandford Shank & Co. has announced the formation of a transportation finance group.
The group, announced Monday, is headed by Nic Malas, a New York-based senior vice president. Malas is a veteran of UBS Securities LLC and also worked at Banc of America Securities before joining Siebert in March.
The team's West Coast efforts will be led by David Thomson, a Seattle-based managing director and 13-year veteran of the firm.
The transportation team also includes two recently hired associates: Eric Golynsky in New York and Dante Conti in Los Angeles.
The new group will help the firm continue its growth pattern, chairman Napoleon Brandford said in a news release. He pointed to transactions such as the $1 billion Dallas Area Rapid Transit sales tax revenue bond sale that priced yesterday, with his firm running the books.
"This continued success will allow Siebert Brandford Shank to play a meaningful role within the transportation sector specifically and the municipal market generally," Brandford said. "We are hopeful of maintaining our top-10 first-quarter senior manager ranking for the second quarter."
The firm ranked 10th on Thomson Reuters' list of negotiated senior managers for the first quarter of 2009.
This year, Brandford said, the firm has already run the books on bonds sold by the Metropolitan Washington Airports Authority and on toll road revenue bonds in Harris County, Tex.
The firm has been selected to serve as senior manager on upcoming deals for the Cleveland Airport System and the Dallas-Fort Worth International Airport, he added.