UBS Wealth Management Americas brought aboard five more municipal specialists, as it continues to inflate its newly revived public finance practice.
“In line with our plans to have a leading national public finance footprint, UBS continues to make key hires in both industry specific and regional groups,” Peter Hill, head of public finance, said in an internal memo Wednesday.
UBS said in April it would re-enter the public finance business, citing “increased demand for double and triple tax exempt securities in the current rising interest rate environment.” The latest hires bring the total added to the public finance roster to 37.
Sandra Kim will join UBS as a managing director in San Francisco and will serve as the head of the higher education group in the western region. She joins the firm from the University of California, where she was responsible for the management of the University's debt capital activities, capital programs, and faculty loan programs. In the course of her tenure, she oversaw $20 billion in debt issuance on behalf of the 10 campuses and five medical centers. She had been with the University since 2008 after a successful investment banking career focusing on the higher education and not-for-profit sector.
Elizabeth Conte will join UBS as a director in New York, as a part of the higher education group and brings over 12 years of experience in the industry. Most recently, she was a vice president in public finance banking at U.S. Bank where she had primary coverage responsibility for colleges, universities, and non-profit sector issuers in the Northeast and Midwest regions. Previously, Conte also provided banking coverage for general infrastructure clients in the Northeast.
Shawn Dralle will join UBS as an executive director and a banker in the Western region and will be based in Los Angeles. She is coming from JP Morgan where she was an executive director in the public finance department. Dralle has over 25 years of experience in the public finance field and has represented a diverse mix of issuers in California and the Southwest. She also served as a public finance banker at RBC Capital Markets and as an issuer with Arizona Department of Transportation and the Greater Arizona Development Authority.
Andrew Belinfanti-Knight will join UBS as an executive director and a banker in the Western region. Andrew joins UBS after eight years at Wells Fargo, where he most recently served as a director and led California school district and community college district banking efforts. During his career, he was an investment banker on more than $25 billion of senior-managed financings. He previously served as a public finance banker at Banc of America Securities and a credit analyst at Fannie Mae. He was a member of The Bond Buyer’s inaugural class of Rising Stars in 2016.
Michael Seal recently joined the firm as an associate based in the Southwest region in San Antonio. He previously worked at M.E. Allison & Co. He has expertise in quantitative support and analytical analysis in the municipal underwriting and financial advisory business.