Sam Smalls

Mr. Smalls joined Jefferies & Company in 2009 as a Managing Director, in the firm's Sacramento office. Mr Smalls brings 19 years of public finance experience notably in the state of California. Since March 2000, Mr. Smalls had day-to-day responsibility for 123 transactions representing $94.3 billion in par amount (including 10 deals for an aggregate par amount of over $2.0 billion where he served as lead banker for the book-running senior manager). Mr. Smalls has developed a strong experience base of state general obligation, revenue and lease financings, pension obligation bonds, tobacco securitizations, utility and complex refunding programs over the course of his career. In November 2009, Mr. Smalls led the firm’s contributions in the role of joint senior manager on a $743 million lease financing for the State Public Works Board. Prior to joining the firm, Mr. Smalls was a Senior Vice President with M.R. Beal & Company for seven years, servicing state and local issuers in California as well as selective accounts across the nation. Some of the accounts, Mr. Smalls has served over the course of his career includes: the State of California, Alameda County, City of Oakland, Metropolitan Water District of Southern California, Los Angeles County MTA, Los Angeles County, and the City of San Diego, to name a few. Prior to M.R. Beal, Mr. Smalls served as the Executive Director for the California Pollution Control Financing Authority (CPCFA) in the State of California State Treasurer’s Office and before that, was a Senior Managing Consultant at Public Financial Management, Inc. where he provided a wide array of services to both general municipal and transportation clients. While at PFM, Mr. Smalls assisted in the structure and sale of over $4.7 billion in general obligation, sales tax revenue, lease revenue, tax increment, and toll revenue bonds. Mr. Smalls also served as an assistant vice president and assistant director of policy, research and planning with the Federal Home Loan Bank of SF where he evaluated new products and services for the Bank and FHLB system as well as help develop the Bank's strategic and business plans. Mr. Smalls received a BA with honors in Social Studies (Govt./Economics) from Harvard College and maintains FINRA licenses of Series 7, 53 and 63.