Texas Capital Names Steve Gennick Managing Director and Head of Public Finance
Steve Genyk has joined Dallas-based Texas Capital Securities as managing director and head of public finance. The investment banker, formerly head of public finance at UBS Financial Services, will build TCS' new public finance business.
Founded in 2022, Texas Capital Securities initially focused on corporate and mortgage sales/transaction services. The new finance division will provide municipal underwriting services to governments, nonprofit organizations and organizations in Texas and across the country.
The announcement was made by Texas Capital Bancshares, Texas Capital's parent company.
Rob C. Holmes, president and CEO of Texas Capital, said the expansion of services to local government and public finance customers is “the first call Texas Capital has received from businesses and institutions across the state. “This is the next logical step to ensure that we remain the same.”
“I am particularly excited about the prospects in the public finance sector because of the potential synergies with Texas Capital's established government, nonprofit and institutional banking groups,” he said in a statement.
Holmes emphasized that “Texas cities, towns, schools, and other institutions should be served by Texas-based municipal dealers and advisors,” adding that TCS provides full-service government and public finance departments. He added that he is proud to expand the platform.
Holmes said Genyk's appointment is an “important milestone” for Texas Capital as it continues to expand its corporate and investment banking capabilities. “Texas municipalities, nonprofits and other municipal issuers deserve to have a company that makes decisions locally,” he said.
Based in Dallas, Mr. Genik comes to Texas Capital from UBS Financial Services, where he held several leadership positions including head of public finance, head of institutional middle markets, and head of municipal trading. did.
TCS said that as head of public finance, Mr. Genyk brings a proven track record of building businesses in the public finance sector and a shared commitment to customer service. The company said the addition of Genyk underscores its commitment to becoming a full-service financial services institution capable of serving states, cities, schools and institutions in Texas and beyond.
“I am honored to join Texas Capital as it continues to build the best full-service financial services company headquartered in Texas,” Gennick said in a statement.
The new Managing Director said, “Building on TCS' track record of innovation through the successful launch of our public finance business, we will partner with other companies doing municipal business in this great state and serve our customers diligently and with integrity.'' I look forward to providing it.
TCS said Gennick brings more than 30 years of comprehensive leadership experience in the financial industry to his new role.
Prior to joining UBS, Mr. Genyk was Head of Debt Capital Markets at Janney Montgomery Scott LLC and SVP of Financial Services at Philadelphia Industrial Development Corp. Mr. Genyk also held the role of Managing Director of Public Finance at Bear, Stearns & Co.
Quincy Preston contributed to this report.
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