Jim Gilley, Lewis Wilks, Ben Rosenberg, Marian Willoughby and Julie Petersen have joined US Capital Advisors (USCA) to expand the firm’s municipal securities and public finance business.
The business is led by David Holland.
"The municipal securities/public finance business provides tremendous intelligence and capabilities to our wealth management clients and advisers," says Patrick Mendenhall, managing partner and head of wealth management for USCA. "Even with interest rates at an all-time low, tax exempt bonds will always represent an important investment allocation for our clients."
"The municipal securities group will complement the outstanding wealth management business that US Capital has established. The public finance area will provide equal professional expertise to municipalities’ financing needs. We all look forward to growing alongside our new partners," Holland says.
Holland is a senior managing director at USCA and head of municipal securities and public finance. Prior to USCA, he co-founded Coastal Securities in 1991 and led all municipal activities. In 1984, he co-founded Master Sanford Coon Ward & Holland.
Gilley, managing director, has served in the securities industry as a public finance professional for 39 years. Since 1974, he has worked in public finance and investment banking. His experience includes work with cities, counties, airports, school districts, river and water authorities, electric power issuers, special districts and economic development corporations.
Wilks, managing director, has worked with Texas schools for 27 years. He began his career with the Texas Association of School Boards (TASB), serving as the division director of financial services. While there, he grew the Lone Star Investment Pool to over USD2.5bn in assets. Since 1998, he has served as financial adviser to more than 90 Texas public schools (including Charter Schools) and public facility corporations.
Rosenberg, managing director, is located in the Austin office of USCA and works with cities, counties, utility districts, water supply corporations, Texas Water Development Board financing programmes and other governmental entities. Rosenberg is a former City Finance director and accounting industry professional.
Willoughby, director, has over 25 years of public finance experience. Her expertise includes debt structuring, analytical analysis, and capital planning and client interaction. She formerly worked for the City of Houston analysing special projects, annexations, debt restructuring and economic forecasts.
Petersen, director, has over 16 years of municipal finance experience serving as financial adviser and underwriter for a variety of issuers. These include cities, counties, utility districts, housing finance authorities, hospital districts and industrial development corporations. Her expertise includes structuring new money, refunding and tax credit bonds.