Home Business Two Black Owned Investment Banks Merging to form the Largest Woman and...

Two Black Owned Investment Banks Merging to form the Largest Woman and Minority Owned Firm

120
0
SHARE
by 

Two Black owned investment banks are merging to form Wall Street’s largest woman- and minority-owned firm.

Siebert Cisneros Shank & Co. and the Williams Capital Group will combine to form Siebert Williams Shank & Co. The new firm will be led by Chief Executive Suzanne Shank. Terms of the deal, described as a merger of equals, were not disclosed.

black owned investment banks
SUSAN SHANK

Siebert Cisneros Shank is one of the nation’s leading underwriters of municipal bonds and Williams Capital is a major dealer in corporate debt. The combined firm will have 140 employees and be headquartered in New York City and Oakland, Calif. No layoffs are expected because of the merger.