May 18, 2024

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Teague joins Siebert’s public finance group from Morgan Stanley

2 min read
Teague joins Siebert's public finance group from Morgan Stanley

Collin Teague has joined Siebert Williams Shank & Co. as a managing director in the company’s public finance group in New York, the firm announced Thursday.

Teague was most recently an executive director in the municipal securities department at Morgan Stanley.

“Collin joining us is further evidence of our commitment to growing our public finance platform with a particular emphasis on those areas where we believe there will be voluminous issuance,” said Gary Hall, president of infrastructure and public finance at the firm.

“Siebert is a growing company while several others are not growing or even contracting. Municipal finance is a core business of Siebert and the surface transportation side really attracted me,” Collin Teague said.

Teague has 19 years of municipal banking experience and prior to Morgan Stanley he worked for BofA Securities and Goldman Sachs.

He worked on numerous infrastructure and transportation public finance deals for clients in the Midwest and Texas, including a $2.9 billion green-field toll road for the Grand Parkway Transportation Corp. in Houston.

In his new role, Teague will work mostly with surface transportation issuers across the country.

“Given the need for both capital improvements and investment in the surface transportation sector, we want to have a seasoned banker focused in this area,” Hall said.

Based in the firm’s Wall Street office, he will provide investment banking services and structure deal transactions for toll roads, highways and transit systems throughout the United States.

“With the COVID relief money running out, we believe these municipalities need to raise capital in other ways, which we think is in the issuance of bonds,” said Sewon Kim, manager director and head of the firm’s transportation group. “So we see opportunities because of that, in addition to tremendous infrastructure needs across the country.”

Teague is known as a highly technical banker with broad intellectual curiosity and a strong work ethic, the firm said.

“Having a senior banker like Collin investing his time and efforts on the surface transportation sector will give us significant leverage in a key growth area of public finance,” Kim said.

“Siebert is a growing company while several others are not growing or even contracting,” Teague said. “Municipal finance is a core business of Siebert and the surface transportation side really attracted me because that’s what I want to focus on in the next step of my career.”

Siebert Williams Shank ranked 13th in 2023 as lead bookrunner, handling 72 muni bond deals totaling $10.4 billion, a 2.9% market share. It is the largest minority- and women-owned investment bank in the United States and is headquartered in New York and Oakland.