Giles Nicholson

Giles Nicholson

Head of Quantitative Solutions Group

Siebert Williams Shank & Co. LLC

Giles Nicholson comes to Siebert Williams Shank (“SWS”) to run the firm’s Public Finance Quantitative Solutions Group. The group will work in tandem with public finance bankers to enhance idea generation and provide additional technical support to deal execution throughout SWS’ muni bonds issuer clientele. Mr. Nicholson has over 34 years of experience in municipal finance, including stints at JPMorgan, Lehman Brothers, Barclays, Wells Fargo, and most recently UBS, where he ran the Quantitative Strategies Group. His specialty is in the development and execution of complex debt transactions that are tailored to specific client needs and market conditions. His deal experience includes tenders, pooled loans, restructurings, defeasances, pre-pay energy, among others. Nicholson was instrumental in the New York Metropolitan Transportation Authority’s 2002 debt restructuring and its subsequent refinancing in 2012. He also provided extensive quantitative support and ideas generation for the Chicago Sales Tax Securitization and tender in 2023 (National Deal of the Year), as well as the State of Oregon’s 2023 Higher Education General Obligation transaction. He has developed and participated in debt financings for the Dormitory Authority of the State of New York, the New York Municipal Water Finance Authority, the Port Authority of New York and New Jersey, the Texas Water Development Board, and the University of California, among others throughout his career. Nicholson received a BA in Economics from Harvard University.

Featured Sessions

Thursday, February 6, 2025
10:15 am

The 2017 Tax Cuts and Jobs Act expire at the end of 2025, and taxes will rise automatically if Congress does not act. As the Trump administration and a new Congress take over, we will examine:

  • How real is the threat to the tax exemption?
  • What other scenarios may play out, such as the elimination of tax-exempt PABs or bonds for certain sectors like housing and healthcare, where Republicans look to the muni market for revenue to offset TCJA provisions?
  • What effect will potential tariffs have on the industry?
  • Will changes to immigration have an effect on state and local tax revenues?