Morgan Keegan Expands Public Finance Investment Banking in Northeast with Two Key Hires
May 10 2011 - 2:53PM
Business Wire
Morgan Keegan & Company, Inc. announced that Susan C.
Schmelzer and Joseph DaBreo have joined the firm’s Public Finance
Investment Banking group. Schmelzer has joined the public finance
team in the firm’s New York office and DaBreo is based in
Boston.
“The in-depth knowledge and extensive experience that Susan and
Joe bring to our public finance practice will add to and further
enhance a veteran team we’ve built over the past few years in the
Northeast,” said Rob Baird, executive managing director and
president of Morgan Keegan’s Investment Banking division.
“Attracting public finance professionals like Susan and Joe to our
team helps us to better serve our clients and to expand the
services we offer. They share our commitment to provide municipal
issuers with innovative ideas and problem solving solutions for
today’s often complex financing needs.”
Schmelzer has focused her 27-year career on providing investment
banking services to New York State agencies, authorities and local
governmental entities. During the past five years at Jefferies
& Company (successor to the First Albany Capital/DEPFA First
Albany municipal group), she expanded the firm’s work with New York
State local governments and served on the senior banking teams to
the Dormitory Authority of the State of New York (DASNY) and the
New York Municipal Bond Bank Agency (MBBA). Schmelzer was
instrumental in working with DASNY in the creation of its
successful School Districts Revenue Bond Financing Program and has
served as senior manager on over $1.5 billion of these program
bonds since their inception in 2002. More recently, Schmelzer
helped MBBA to implement its Recovery Act Bond program. The
agency’s $184 million Recovery Act Bonds issue in December 2009 was
awarded The Bond Buyer’s 2010 Northeast Region Deal of the Year.
Schmelzer, who joined Morgan Keegan as a managing director, was
with Roosevelt & Cross for 13 years prior to her stint at
Jefferies. She is a member of the GFOA board of governors of New
York State and serves as co-chair of its banking and investment
management committee.
DaBreo, who joined Morgan Keegan as a senior vice president,
managed more than $10 billion in municipal bond issuance from
2001-2008 during a 13-year stint at the former Lehman Brothers (now
Barclays Capital) and served as lead banker for key
state-level client issuers in the firm’s east regional group.
Client issuers include the Commonwealth of Massachusetts,
Massachusetts Bay Transportation Authority (MBTA), the
Massachusetts Water Resources Authority (MWRA), Massachusetts
Department of Transportation and the Massachusetts School Building
Authority (MSBA). He also covered a wide range of public and
private higher educational institutions including the University of
Massachusetts, the Massachusetts State College Building Authority
(MSCBA), Simmons College and Wheelock College.
“Susan and Joe are talented and well respected public finance
bankers with a wealth of knowledge of our industry,” said Mike
Tierney, managing director in the firm’s New York public finance
office. “Their experience with state and local governments,
agencies and authorities goes hand in hand with our commitment to
finding the right solutions for issuers in the Northeast.”
Morgan Keegan’s Public Finance Investment Banking group
consistently ranks among the top ten municipal bond underwriters in
the nation. In the first quarter this year, the firm was the tenth
leading underwriter nationally, completing 81 transactions with a
par amount of more than $1.4 billion, according to Thomson
Reuters.
About Morgan Keegan & Company, Inc.
Morgan Keegan & Company, Inc., a full-service brokerage and
investment banking firm, is the securities brokerage arm of Regions
Financial Corporation (NYSE: RF). Headquartered in Memphis, Tenn.,
Morgan Keegan serves individual and institutional investors in over
300 offices in 20 states. Additional information about Morgan
Keegan and Regions — a member of the S&P 500 Index — can be
found at www.morgankeegan.com and at www.regions.com.
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