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

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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.

Source: Crains New York

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