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Rising Stars It’s a new municipal market. Meet some of its leaders. bondbuyer.com | Fall 2018 | a supplement to The Bond Buyer 0C1_2018_Rising Stars.indd 1 9/20/18 5:40 PM T:7.875” S:7” Honoring Standout Municipal Finance Professionals COMMITMENT GUARANTEED Under The Age Of 40 Michael Scarchilli Editor in Chief ASSURED The Bond Buyer T:10.5” S:10” Michael Ballinger Publisher The Bond Buyer ASSURED GUARANTY SALUTES THE RISING STARS IN PUBLIC FINANCE. We join The Bond Buyer in recognizing our own Matthew Naclerio and all the others who have earned this award. Having proven our commitment to the public finance market for more than three decades, we look forward to working with committed professionals like these for decades to come, bringing cost-effective financing solutions to America’s municipalities and strong, safer investments to municipal bond investors. ASSURED GUARANTY MUNICIPAL CORP.| MUNICIPAL ASSURANCE CORP. | ASSURED GUARANTY CORP. | NEW YORK, NY 3 ASSUREDGUARANTY MUNICIPAL ASSUREDGUARANTYCORP. 002_ISO1018 2 9/20/18 5:10 PM 1 07472_AG_7p875x10p5_m1b.indd Saved at 9-6-2018 12:59 PM from MS-208-CKATZ-2 by Charlie Katz / Charlie Katz Printed At None Job info Approvals Fonts & Images Job 07472 Art Director SD Fonts Client AssuredGuaranty Copywriter G/N News Gothic MT Pro (Regular, Bold), News Media Type Color Magazine Account Mgr NA Gothic MT (Italic), Bell Gothic (Bold) Live 7” x 10” Studio Artist TMC Trim 7.875” x 10.5” Proofreader LS Images Bleed None AG_GlssBldngs_4c133LS.tif (CMYK; 313 ppi; Pubs Bond Buyer Rising Stars Notes 95.65%), AG_Logo_CMYK_2012.eps (41.11%) None Inks Cyan, Magenta, Yellow, Black T:7.875” S:7” Honoring Standout Municipal Finance Professionals COMMITMENT GUARANTEED Under The Age Of 40 The municipal bond industry is home to tremendous young talent, and as such, The Bond Buyer is proud to highlight another group of deserving individuals as its third class of Rising Stars. The goal of our Rising Stars initiative is to identify municipal finance professionals under the age of 40 whose leadership, collaborative spirit, innovation and creativity have enabled them to make a positive Michael Scarchilli contribution to the community. In short, the best and brightest of this Editor in Chief industry’s next generation. ASSURED The Bond Buyer We asked you for your help in identifying these Rising Stars, and for the third T:10.5” S:10” straight year, you delivered. The judging process was rigorous and difficult, as we received scores of qualified nominations of individuals that deserve to be identified as rising stars. In the end, we selected 28 of the muni market’s top under-40 talent, representing a broad and diverse cross-section of the industry, as our 2018 class of Rising Stars. This industry has a dynamic future ahead and we’re excited about Michael Ballinger the opportunity to showcase the people who will shape that new era and Publisher introduce them to the broader municipal finance community. The Bond Buyer To the community: we thank you for your support of this initiative, and we look forward to your nominations for the fourth class of Rising Stars next summer. And to the 2018 Rising Stars: we congratulate you on your achievements thus far and can’t wait to see how your careers progress. Now, meet The Bond Buyer’s 2018 Rising Stars! ASSURED GUARANTY SALUTES THE RISING STARS IN PUBLIC FINANCE. We join The Bond Buyer in recognizing our own Matthew Naclerio and all the others who have earned this award. Having proven our commitment to the public finance market for more than three decades, we look forward to working with committed professionals like these for decades to come, bringing cost-effective financing solutions to America’s municipalities and strong, safer investments to municipal bond investors. ASSURED GUARANTY MUNICIPAL CORP.| MUNICIPAL ASSURANCE CORP. | ASSURED GUARANTY CORP. | NEW YORK, NY 3 ASSUREDGUARANTY MUNICIPAL ASSUREDGUARANTYCORP. 003_ISO1018 3 9/20/18 5:10 PM 1 07472_AG_7p875x10p5_m1b.indd Saved at 9-6-2018 12:59 PM from MS-208-CKATZ-2 by Charlie Katz / Charlie Katz Printed At None Job info Approvals Fonts & Images Job 07472 Art Director SD Fonts Client AssuredGuaranty Copywriter G/N News Gothic MT Pro (Regular, Bold), News Media Type Color Magazine Account Mgr NA Gothic MT (Italic), Bell Gothic (Bold) Live 7” x 10” Studio Artist TMC Trim 7.875” x 10.5” Proofreader LS Images Bleed None AG_GlssBldngs_4c133LS.tif (CMYK; 313 ppi; Pubs Bond Buyer Rising Stars Notes 95.65%), AG_Logo_CMYK_2012.eps (41.11%) None Inks Cyan, Magenta, Yellow, Black MUTUAL RECOGNITION The Next Generation Rising Stars Looking to a Brighter Future After Challenges of the Past By Kyle Glazier The Bond Buyer’s Rising Stars of 2018 may have very different jobs, from bankers to analysts to public officials, but they are united by optimism and a desire to make the muni market of tomorrow even better than that of today. For some of the 28 men and women recognized this year, municipal finance felt like a calling that they worked towards for years. For others, a career in municipals happened by accident after a career change or a chance meeting. Most were forged in the fire of the Great Recession, and experienced the tremendous upheaval that event caused on both Wall Street and Main Street. But having experienced that valley, the Rising Stars consistently said they look forward to a robust and healthy Congratulations to our 2018 honoree Alexis Platis, Vice President, muni market as the industry tackles long-term challenges like pensions and all of the “Rising Stars” recognized by The Bond Buyer. and adjusts to a seemingly accelerating pace of technological change. Kayla MacEwen, a director at Hilltop Securities in Boston, never Alexis Platis considered herself good at math until she discovered a love of it in the 8th grade. She learned about municipal finance after meeting with the team of what was then FirstSouthwest at a career fair, she said, and All of us here at BAM share your passion for Building America. liked what she heard about how working in munis would allow her to benefit communities. MacEwen said that the experience of working to Our members — cities, towns and school districts — know that S&P Global finance Detroit’s Little Caesars Arena, a symbol of the city’s emergence we are in this together. Our guarantee has saved more than AA from fiscal catastrophe, was especially gratifying to her. $500 million for more than 3,000 communities in the past five STABLE buildamerica.com years... and like the Rising Stars, we’re just getting started. “That was really one of the special moments in my career,” she said of The feeling is mutual seeing the arena open. A MUTUAL COMPANY | COMPLETE TRANSPARENCY | AA/STABLE RATING | STRONGER COMMUNITIES 5 004_ISO1018 4 9/20/18 5:10 PM Fidel Aguayo 8 City of Long Beach, Calif. Rachel Betton 9 PIMCO Blake Boehm 23 KNN Public Finance MUTUAL Emily Brock 34 Government Finance Officers Association Jennifer Capasso Mendonça 22 Locke Lord RECOGNITION Alice Cheng 11 The Next Kroll Bond Rating Agency Adam Chepenik 12 EY, LLP Generation Cory Czyzewski 28 Bank of America Merrill Lynch Trish Eichar 13 Rising Stars Looking to a Orrick Christopher Good 33 Brighter Future After RBC Capital Markets Tray Hairston 14 Challenges of the Past Butler Snow Rahul Jain 16 By Kyle Glazier S&P Global Ratings Neene Jenkins 17 AllianceBernstein Betsy Kiehn 18 The Bond Buyer’s Rising Stars of 2018 may have very different Stifel jobs, from bankers to analysts to public officials, but they are united Erin Law 10 by optimism and a desire to make the muni market of tomorrow even McManimon Scotland & Baumann better than that of today. Kayla MacEwen 20 Hilltop Securities For some of the 28 men and women recognized this year, municipal Scott Monroe 21 finance felt like a calling that they worked towards for years. For others, Fitch Ratings a career in municipals happened by accident after a career change or Matthew Naclerio 8 a chance meeting. Most were forged in the fire of the Great Recession, Assured Guaranty and experienced the tremendous upheaval that event caused on both Alex Obregon 19 Wall Street and Main Street. But having experienced that valley, the City of Houston Rising Stars consistently said they look forward to a robust and healthy Alexis Platis 10 Build America Mutual Congratulations to our 2018 honoree Alexis Platis, Vice President, muni market as the industry tackles long-term challenges like pensions and all of the “Rising Stars” recognized by The Bond Buyer. and adjusts to a seemingly accelerating pace of technological change. Bjorn Reigle 24 PFM Financial Advisors Kayla MacEwen, a director at Hilltop Securities in Boston, never Dan Steingart 25 Moody’s Investors Service Alexis Platis considered herself good at math until she discovered a love of it in the Gaspar David Stinfil 30 8th grade. She learned about municipal finance after meeting with the Siebert Cisneros Shank & Co. team of what was then FirstSouthwest at a career fair, she said, and Ahmad Thomas 27 All of us here at BAM share your passion for Building America. liked what she heard about how working in munis would allow her to Barclays benefit communities. MacEwen said that the experience of working to Our members — cities, towns and school districts — know that S&P Global Nicholos Venditti 26 finance Detroit’s Little Caesars Arena, a symbol of the city’s emergence Thornburg Investment Management we are in this together. Our guarantee has saved more than from fiscal catastrophe, was especially gratifying to her. AA Jason Ware 22 $500 million for more than 3,000 communities in the past five STABLE buildamerica.com 280 Securities years..
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