Continuing its expansion into the municipal space, Siebert Williams Shank & Co. has hired Edward Tishelman as senior managing director and head of muni sales and trading.
Tishelman is a 40-year veteran of the municipal finance industry and comes to Siebert from UBS Financial Services, where he was managing director and head of issuance strategies and municipal sales.
"We are thrilled to continue that success with Ed, whose strength for expert underwriting, sales and client relationship building has earned him the respect of the industry," said Suzanne Shank, Siebert president and CEO.
The announcement comes as Siebert finished among the top 10 senior underwriters in the first quarter of 2023 and number two as co-manager.
"Coming off an exceptionally strong first fiscal quarter, our rankings show that the high caliber of talent we attract at Siebert Williams Shank is making a difference for the firm and its clients," Shank said.
Tishelman has served in many leadership roles in trading, sales and underwriting at some of the industry's top firms, including TD Bank, where he led an 18-person team from startup as head of the municipal securities group.
Previously, he was managing director at Mohanty Gargiulo, managing director and head of municipal underwriting at BofA Securities, and a managing director and national sales manager at J.P. Morgan Securities.
"I'm thrilled to be joining a premier sales, trading, and underwriting operation in a role that also allows me to closely work with our public finance clients and their advisors to ensure best execution regardless of market conditions," Tishelman said.
"Though our existing sales and trading platform is best in class, Ed will enhance the value we bring to both our muni-investor and issuer clientele," said Gary Hall, head of infrastructure and public finance at Siebert. "It will be great to have his extensive experience in the fold, as we face one of the more turbulent muni markets in recent history."
Siebert is the nation's leading woman- and minority-owned non-bank financial firm. It is dually headquartered in New York City and Oakland, California.
