Investment Banking Firm Announces New Name: Siebert Cisneros Shank & Co., L.L.C.
Siebert Brandford Shank & Co., L.L.C., – One of the nation’s top-ranked investment bond firms and the largest African-American, Latino and woman-owned investment bank, announced its new name: Siebert Cisneros Shank & Co., L.L.C. (www.siebertcisnerosshank.com).
The company, long known as Siebert Brandford Shank & Co., L.L.C., made the change to reflect its current ownership structure, which includes equity partner Henry Cisneros, the former Secretary of the U.S. Department of Housing and Urban Development (HUD) and former Mayor of San Antonio.
Co-founder Suzanne Shank serves as majority owner of the firm and Chairwoman and CEO. Mr. Cisneros’ interest is the next largest.
Mr. Cisneros joined the ownership group in November 2015, along with the Hon. William C. Thompson, Chief Administrative Officer and Managing Director, and former New York City Comptroller; Sean Duffy, SCSCO’s Managing Director of Institutional Sales, and Victor Miramontes, previously CEO of North American Development Bank.
Since its founding in 1996, SCSCO has transacted more than $1.2 trillion of municipal bond transactions and $1 trillion of corporate bond and equity transactions. The company’s product and service offerings include municipal bond underwriting, corporate debt and equity underwriting, investment banking and execution services for many of the largest Fortune 500 companies.
Last year, it ranked third nationally in overall deal size for Negotiated Municipal Senior Managers and No. 12 for all issuances. For the 18th year in a row, it was America’s No. 1 MWBE firm.
The Company was founded in 1996 by the late Muriel Siebert, the first woman to own a seat on the New York Stock Exchange, together with Ms. Shank and former chairman Napoleon Brandford III, who is retired.
“Founding and growing a firm to national prominence with trailblazers Muriel Siebert and Napoleon Brandford, both highly regarded finance titans, was an incredible honor and journey,” said Ms. Shank. “We were able to achieve many firsts – first MWBE to break into the top 10, first MWBE to lead a deal over $1 billion, first MWBE to lead transactions in many jurisdictions across this nation. As we enter the 20th anniversary of our founding I am thrilled to continue their legacy with the accomplished team of new partners I gained last year. The new ownership team has been an overwhelming success and there is no limit to what Siebert Cisneros Shank can achieve.”
“I am both honored and humbled to have my name attached to such a dynamic and successful firm,” said Mr. Cisneros. “I have been very impressed with our banking team and its ability to handle the largest financial transactions, outperforming larger firms and delivering outstanding results for our clients. Having worked in every state in our nation, I recognize that there is immense work to be done in terms of financing major public infrastructure and I am certain SCSCO will play a significant role in that effort.”
SCSCO earned the distinction in 2010 of becoming the first minority-owned firm to rank among the top 10 senior managers of municipal bonds, as ranked by Thomson Reuters. Since 1998 the firm has been ranked as the #1 minority and woman owned municipal finance firm.
With dual headquarters in New York and Oakland, CA, SCSCO maintains 17 offices nationwide including Atlanta, Boston, Chicago, Dallas, Detroit, Ft. Lauderdale, Houston, Los Angeles, Miami, Philadelphia, Sacramento, San Antonio, Seattle, St. Louis and Washington, DC.
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