Michael Placencia

Mr. Placencia joined U.S. Bank in March 2012 and has over 17 years of experience providing investment banking services to a variety of municipal general infrastructure, transportation, and airport clients.� He also previously worked at Goldman Sachs, UBS and Merrill Lynch.� Over his career, he has served as senior manager, credit provider, remarketing agent, broker/dealer, direct purchaser, and swap counter party on over $13.1 billion of debt, and over $60 billion as co-manager.�Some of his clients have included Los Angeles County, City of San Jose, City of Roseville, City of San Antonio, Texas, Shelby County, Tennessee, the Texas Water Development Board, East Bay Municipal Utility District, San Antonio Independent School District, and the University of California.� His transportation clients are varied and have included the Sacramento Regional Transit District, Metropolitan Atlanta Rapid Transit Authority, Dallas Area Rapid Transit, Utah Transit Authority, Texas Department of Transportation, Harris County Toll Road Authority, Oklahoma Turnpike Authority, Los Angeles County Metropolitan Transportation Authority, Virginia Department of Transportation, Georgia State Road and Tollway Authority, State of Ohio, San Diego International Airport, Denver International Airport, Minneapolis-St. Paul Metropolitan Airports Commission, Atlanta Hartsfield-Jackson International Airport, Salt Lake City Airport, and Tucson Airport Authority.While at Goldman Sachs, Mr.� Placencia previously led the Money Market Finance Group where he assisted numerous clients with documentation, execution and structuring of auction rate securities, variable rate demand bonds and commercial paper.� In this role, he also assisted clients in their negotiations with letter of credit and liquidity providers. He also served as a lead concession advisor on the Texas Department of Transportation�s Comprehensive Development Program, TxDOT�s public-private partnership program.Prior to entering the municipal finance industry, Mr. Placencia worked for the California Governor�s Office and California State Resources Agency.� He received a B.A.� in Economics and Political Science from the University of California at Berkeley, and an M.B.A. from the Wharton School of the University of Pennsylvania.