Leading Minority-Owned Finance Firm Changes Name

2009-12-21 publicity photo of Henry Cisneros. Own work of CityView for free license.
2009-12-21 publicity photo of Henry Cisneros. Own work of CityView for free license.

Reflecting the fact that Napoleon Brandford III retired last year, the country’s leading minority-owned municipal finance and underwriting firm, Siebert Brandford Shank & Co. LLC changed its name to Siebert Cisneros Shank & Co. LLC.

Henry Cisneros’ name was added to the company’s moniker in recognition of the fact that he has become and equity owner of the company. Cisneros is a former secretary of the US Department of Housing and Urban Development. He was also the mayor of San Antonio, Texas.

The company’s shares its headquarters between Oakland, California, and New York City. There additional offices in 17 cities throughout the country. The chairwoman of the company, Suzanne Shank, nevertheless is based out of Detroit, Michigan.

One year ago Shank was ranked as the eighth-most connected person in southeast Michigan. This past June she was recognized by Crain’s as one of the most influential women in Michigan.

The company was founded in 1996 by the late Muriel Siebert, who was also the first woman to have a seat on the New York Stock Exchange, Shank and Brandford III.

James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com