Two Minority-Led Investment Banks Expected to Close on Merger in November
Photo Credit: Suzanne Shank
Siebert Cisneros Shank & Co. and The Williams Capital Group are set to close on a merger early next month, according to a press release. The deal will make Siebert Williams Shank & Co. one of the top women-led and minority-owned investment banks in the country.
“Williams was the only firm with the capabilities, talent, and integrity in the corporate underwriting space that we felt expanded our franchise and matched our work-ethic and high-standards of performance, and now, we have created a truly historic firm,” Suzanne Shank, a founding partner and CEO of Siebert Cisneros Shank & Co., said in a statement.
Shank will serve as President and CEO of the new firm, while Christopher Williams serves as Chairman of the Board of Directors.
Williams Capital has participated in a healthy number of debt and equity financings for clients across different industries and has held the top spot as co-manager of U.S. corporate debt. Siebert Cisneros Shank & Co. is top-ranked for co-managers of municipal bond offerings for its deals. Siebert has also helped with 2,000 municipal financings within the past five years.
The new Siebert Williams Shank & Co. pays homage to Siebert co-founder, Muriel Siebert, the first woman to own a seat on the New York Stock Exchange.
The new merger will be headquartered in New York City and Oakland, CA, with more than 15 offices nationwide. The completed rebranding of the firm is expected to be finished by January 1, 2020.