Ms. Shank is a 29-year veteran of the financial services industry and a founding partner of Siebert Cisneros Shank & Co., LLC. During her tenure as CEO, Siebert Cisneros Shank has grown from a start-up firm in 1996 to one which has completed over $1.4 trillion in financings for municipal issuers and $1 trillion in corporate bond and equity transactions. The firm holds the distinction of being the top ranked minority and woman owned municipal bond underwriter for 18 years and the first to be ranked in the top 10 among all firms as lead manager. Ms. Shank has crafted financing structures, credit strategies and investor outreach plans for numerous large-scale municipal bond issuers nationally. As CEO, Ms. Shank manages the financial, regulatory, and operational aspects of the firm in addition to selected client coverage.
Following the death of Muriel Siebert, the first woman to own a seat on the NYSE, Ms. Shank served as Acting CEO of Siebert Financial Corporation from September 2013 to February, 2015 to assist in transitioning the business. In this capacity she managed the publicly traded company and ensured compliance with all regulatory, federal and state securities laws. All audit personnel, internal and external, reported to the CEO.
Prior to her financial services career, Ms. Shank was a Structural Engineer for General Dynamics, Electric Boat Division, working on noise mitigation projects. While there, she served as an interface with the United States Navy, assisting with negotiating contracts with General Dynamics’ top client.
Ms. Shank has won numerous awards and honors throughout her career. In recognition of her thought leadership in the municipal investment banking arena, she was recently awarded the Austin Koenen Career Achievement Award by the Municipal Forum of New York in May, 2017 and the 2016 Freda Johnson Award for Trailblazing Women in the Private Sector by The Bond Buyer in December, 2016. Ms. Shank was also named one of the 100 Most Influential Women in 2016 by Crain’s Detroit Business. Ms. Shank received the Whitney M. Young Jr. Service award by the Greater New York Council of the Boy Scouts of America in October, 2014. In April, 2014, Ms. Shank was inducted into the 2014 Academy of Distinguished Engineering Alumni at Georgia Institute of Technology. Ms. Shank has also been named to NBC’s Grio 100 list, which honors African American leaders nationally, has been recognized by U.S. Banker Magazine as one of the “Top 25 Women in Finance”, by Essence Magazine in their Power List, by Black Enterprise as one of the “Most Powerful Women in Business”, one of the “50 Most Influential Black Women in Business” and one of the “75 Most Powerful Blacks on Wall Street”, and by Women in Public Finance as “She’s Our Hero”. Ms. Shank was also selected by the Wharton School of Business from among 100,000 graduates as one of its “125 Influential People and Ideas”. She has also appeared on Wall Street Week, CNBC and Bloomberg TV promoting the strength of the municipal bond market.
Ms. Shank is a leading financial services industry advocate highly active in various industry and civic organizations and actively serves on several boards. Ms. Shank serves on the Board of Directors of Pensare Acquisition Corp. (NASDAQ:WRLSU), the Skillman Foundation, the Bipartisan Policy Center Executive Council on Infrastructure, SIFMA Board of Directors, New York Citizen’s Budget Commission, Invest Detroit Board of Directors, Wharton Graduate Board of Trustees, Spelman College Board of Trustees, the Georgia Tech Advisory Board (GTAB) to the President, Charles H. Wright Museum of African American History and is a member of the International Women’s Forum, among others.
Ms. Shank is a graduate of The Wharton School, University of Pennsylvania with a Masters of Business Administration degree in Finance, and the Georgia Institute of Technology with a Bachelor of Science degree in Civil Engineering. FINRA securities registrations held include the Series 7, 24, 52, 53, 63 and 79.