Siebert Williams Shank Expands Taxable Municipal & Corporate Commercial Paper Trading Team
September 09 2024 - 1:12PM
Siebert Williams Shank & Co. (SWS) is further strengthening its
taxable fixed-income team with the addition of commercial paper
trader Lori Ciraolo. In a first for the firm, Ciraolo will adopt a
hybrid role as Senior Vice President in both corporate and
municipal short-term securities, helping expand its taxable
municipal franchise through commercial paper trading.
Ciraolo joins Siebert Williams Shank after spending more than 17
years at Goldman Sachs, where she excelled in trading and managing
a multibillion-dollar remarketing portfolio that encompassed
various municipal short-term products, including commercial paper,
floating rate notes, variable rate demand notes, tender option
bonds, and put bonds for both tax-exempt and taxable issues.
“We’re extremely excited that Lori is bringing her extensive
expertise in trading and marketing to the municipal side of our
business,” said SWS Senior Managing Director and Head of Commercial
Paper David Coard. “Our taxable municipal franchise has seen
tremendous growth recently, and we’re confident that Lori can
elevate us even further by tapping into her relationships with
buy-side investors and municipal issuers.”
Based in Siebert Williams Shank’s New York office, Ciraolo will
work to expand the firm’s significant municipal footprint while
also playing a key role in trading in the broader corporate
commercial paper market. Her hybrid role entails trading, managing,
and marketing municipal and corporate short-term securities,
including commercial paper, and further developing these asset
classes for the firm through new issuer and investor
relationships.
Ciraolo started her career at The Bank of New York in 2002 as a
relationship manager in corporate trust before moving to Goldman
Sachs in 2006. She then assumed the role of expanding the firm’s
municipal tender option bond business, enhancing sales and
marketing strategies for liquidity solutions, derivative programs,
and short-term municipal securities.
Dually headquartered in New York, NY and Oakland, CA, SWS is an
independent non-bank financial services firm that offers investment
banking, sales and trading, research, and advisory services. Its
mission is to exceed expectations through value-added results and
leave a lasting impact on the sectors, corporations, and
communities it serves. SWS counts over 80 Fortune 100 companies
among its clients.
A photo accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/302d5ae9-a12a-4a3d-9c49-566aa6e321e3
Media Contact:
Thomas Butler – tbutler@butlerpr.com – 646-213-1802
Nick Eilerson – neilerson@butlerpr.com – 646-205-7627