Stone & Youngberg LLC has tapped public finance veteran Jeff Hyman to open up a new Albany, N.Y., office. Hyman was among four bankers the firm hired this summer to expand its New York City office.
“We’re really seeking to duplicate on the East Coast what the firm has always been all about on the West,” he said. “That’s a pretty broad strategy — coverage of the general markets, really large, middle, and small, though admittedly the sweet spots have always been in the local government realm.”
The firm will also be pursuing project-based real estate development financings and expanding its work on taxable Build America Bond issues, he said.
The Albany office is Stone & Youngberg’s 11th nationwide. The California-based firm also has offices in Arizona, Illinois, Virginia, and Maryland.
The firm senior managed $3.33 billion of bond deals last year, ranking 16th nationally, according to Thomson Reuters.
The firm had a small presence in the Northeast when it opened its New York City office in 2004 and that year the firm senior managed $11.2 million of bonds in the Northeast. So far this year, the firm has senior managed three deals totaling $58.7 million in the region.
At the moment, Hyman, a managing director, will be the sole banker at the Albany office, but he said he expects that office and the New York City office to expand over time.
Hyman previously ran the Northeast municipal group at JPMorgan, which he joined in 2007.
He had previously been at UBS Securities where he worked on the Rensselaer, N.Y., School District’s sale of $71 million certificates of participation for a school campus project that received a Bond Buyer Deal of the Year regional award for a small issuer in the Northeast in 2006.
Hyman earned his law degree at the University of Wisconsin in 1994. He earned his undergraduate degree at University of St. Thomas in Minnesota. He got his start in public finance at financial adviser Fieldman, Rolapp & Associates in 1994 and then moved to PaineWebber, which was acquired by UBS in 2000.