Kenneth E. Williams
President and CEO, Stone & Youngberg LLC
Ken Williams has been President and CEO of Stone & Youngberg since 1996, when the firm became a limited liability company. He served as Managing Partner of the firm from 1991-96, and has served on the Executive Committee since 1980. In addition to overseeing all business activities at Stone & Youngberg, Mr. Williams also manages the Municipal Bond Department. Mr. Williams began his career in municipal finance in 1971 and joined Stone & Youngberg in 1978.
A lifelong resident of the San Francisco Bay Area and a distinguished member of the finance community, Mr. Williams is currently serving as the Chairman of the Regional Bond Dealers Association. He was a member of the Municipal Securities Rulemaking Board from 2004-06 and served as Vice Chairman for the 2006 fiscal year. Mr. Williams previously served on the Board of Directors of The Bond Market Association (now SIFMA) from 1995-98, and was Chairman of the Association's Municipal Securities Division in 1997. He was a member of the NASD (now FINRA) Fixed Income Committee from 1999-2001, and a member and Vice Chairman of the Board of Directors of the California Public Securities Association from 1986-88. He currently serves as an advisor to the University of the Pacific’s Eberhardt School of Business Student Investment Fund. Mr. Williams is a member and past President of the Municipal Bond Club of San Francisco.
Education
B.A., University of the Pacific
Mitchell H. Gage
Chief Financial Officer, Stone & Youngberg LLC
Mitch Gage is the Chief Financial Officer of Stone & Youngberg, responsible for all administrative aspects of the firm, including finance and accounting, cash management, human resources, payroll, IT, operations, facilities, compliance, and risk management. In this role, he implements all financial management processes for the firm, including AP, AR, P&L reporting, budget management, capital allocation, portfolio management, and the firm’s retirement plan. He is responsible for strategic planning and forecasting, financial oversight and analysis, and all third-party contract negotiations.
Mr. Gage has been CFO of Stone & Youngberg for more than 30 years. During his tenure with the firm, he has managed the firm’s profitability while upgrading services provided to the firm’s clients and employees. He also negotiated the firm’s lease into the historic San Francisco Ferry Building.
Education
B.S., Business Administration, University of California, Berkeley
Stephen E. Heaney
Managing Director, Public Finance, Stone & Youngberg LLC
Steve Heaney is a Managing Director and Head of Public Finance for Stone & Youngberg. With more than 30 years of municipal finance experience, he has assisted clients with both tax exempt and taxable financings totaling billions of dollars in public offerings for a wide variety of capital improvement projects for local governments throughout California and Nevada.
Mr. Heaney has been a leader in creating public financing techniques to address the infrastructure needs of both large and small development and redevelopment projects, and is a frequent speaker on infrastructure and finance issues.
Mr. Heaney is a member of Stone & Youngberg’s Executive Committee and a member of the firm’s Board of Directors. He is a current member of the Board of the Municipal Securities Rulemaking Board and is a former Chairman of the California Public Securities Association. He has been active in the RBDA and currently serves as a member of the Board of Trustees for the California City Management Foundation.
Education
B.A., Texas Tech University
M.A., Public Administration, Syracuse University
Scott C. Sollers
Managing Director, Public Finance, Stone & Youngberg LLC
Scott Sollers joined Stone & Youngberg in 1981 and is a Managing Director in the Public Finance department and a member of the firm's Executive Committee. Mr. Sollers is also on the Board of Directors of Stone & Youngberg's affiliate S&Y Capital Group, which is primarily engaged in real estate activities.
Mr. Sollers has been actively involved in structuring California municipal financing programs since 1976 and has directed over $15 billion in public offerings including lease revenue, general and limited obligation, tax allocation, mortgage revenue, and Mello-Roos bond issues.
He served as a member of the Municipal Securities Rulemaking Board (MSRB) from 1996 to 1999 and served as its Chairman in 1998/1999.
Mr. Sollers was a Lieutenant with the Corps of Engineers from 1972-1975.
Education
B.A., University of Pennsylvania
M.F.A., University of Pennsylvania
Jack Turner
Managing Director, Taxable Fixed Income Group, Stone & Youngberg LLC
Jack Turner is Head of Stone & Youngberg’s Taxable Fixed Income Group. Since joining the firm in 2005, Mr. Turner has launched a new downtown Chicago office and expanded operations in the key Midwest fixed income market. He also started the firm’s Portfolio Strategy Group, enabling Stone & Youngberg to provide state-of-the-art portfolio analytics to the firm’s fixed income clients.
Mr. Turner brings 25 years of sales and trading expertise in both domestic and international markets to Stone & Youngberg. Prior to joining the firm, he was Managing Director of Banc One Capital Markets, where he served as head of middle market sales. Mr. Turner also was Executive Managing Director for 15 years at HSBC Securities (formerly CM&M Inc.), and headed domestic and international sales, franchise trading, and broker/dealer sales and trading. In addition, he was responsible for CM&M asset management and the firm’s futures operation. Mr. Turner also served as a board member of HSBC Securities, Inc., CM&M Asset Management, and CM&M Futures.
Mr. Turner began his career as an Assistant Investment Officer for the California State Treasurer, where he helped develop the Local Agency Investment Fund (LAIF). He then worked as a Senior Portfolio Manager for the State of Oregon Treasurer. In addition, he served two years in Vietnam with the U.S. Army infantry.
Education
B.A., California State University, Sacramento
Richard Beames
Managing Director and Sales Manager, Institutional Sales and Trading Group, Stone & Youngberg LLC
Rich Beames brings to Stone & Youngberg more than 25 years of expertise as a municipal bond professional. He joined the firm in 1988, bringing with him strong institutional customer relationships and special expertise in secondary municipal market trading, as well as expertise in tax-exempt and taxable fixed income securities. Mr. Beames is Managing Director and Manager of the municipal bond institutional sales group. He serves on Stone & Youngberg's Board of Directors and on the firm's Operating Committee.
Mr. Beames is the past president of the San Francisco Municipal Bond Club and has served two terms on the MSRB Professional Qualifications Advisory Committee. He resides in the Bay Area with his wife and two children.
Education
B.S., Stanford University
William A. Evans
Managing Director, Private Client Group, Stone & Youngberg LLC
Bill Evans, a thirty-five year veteran of the securities industry, joined Stone & Youngberg in 1998 as head of the firm's Private Client Group. In this role, Mr. Evans has tripled client assets, revenues and sales force head count, while maintaining the highest level of professionalism and client service. He had introduced many new client services and investment alternatives during his tenure with the firm, including fee-based accounts, retirement plans, and various securitized real-estate offerings.
Prior to joining Stone & Youngberg, Mr. Evans spent twenty-five years with a national New York Stock Exchange member firm. He was also founder and chairman of San Francisco Securities, Inc., an local NASD (now FINRA) member firm. Mr. Evans has served as an arbitrator for the NASD and the NYSE, and was a member of the Ethics and Business Conduct Committee of the Pacific Coast Stock Exchange. He was previously a member of the FINRA's District One Committee, serving as Chairman in 2006. He was also a member of the 2006 National Advisory Council and a member of the FINRA's Western Region Consultative Committee and District One Nominating Committee.
Education
B.S., Finance, University of Arizona
B.S., Business Administration, University of Arizona
L. William Huck
Chief Executive Officer, S&Y Capital Group LLC
Since joining Stone & Youngberg in 1981, Bill Huck has assisted more than one hundred California public agencies on capital improvement projects with total funding requirements of several billion dollars. Throughout his career in public finance, he has specialized in often complex, real estate-related transactions in which municipal bonds are used to fund the development or redevelopment of California communities. His clients include large and small cities, counties, and redevelopment agencies in both Northern and Southern California. Mr. Huck is a Managing Director of Stone & Youngberg and has served on the firm’s Executive Committee since 1986.
Mr. Huck founded S&Y Capital Group's predecessor company in 1996, at a time when more than $1 billion of land-secured bonds in California were in default as a result of the real estate recession of the early and mid-1990s. He pioneered the California bond industry's efforts to develop statutory tools and economic strategies to resolve the bond defaults and restore tax-delinquent properties to the productive tax rolls. Mr. Huck formed S&Y Capital Group in order to make opportunistic investments in defaulted bonds and tax-delinquent land where the company’s strengths in working with public agencies and real estate developers could be profitably employed.
Mr. Huck earned a Bachelor’s degree in Economics and a Master’s of Business Administration from Stanford University. Between terms of study at Stanford, he served seven years as a U.S. Navy pilot.
Education
B.A., Economics, Stanford University
M.B.A., Stanford University