Seema Mohanty
Managing Director
Ms. Mohanty has 30 years of experience in the tax-exempt finance business as both a banker and derivatives marketer. She currently advises on derivatives and capital markets products municipal issuers including the City of New York, New York City Housing Development Corporation, the Metropolitan Transportation Authority, the Long Island Power Authority, the State of Louisiana, and the Battery Park City Authority.
Prior to founding MG in 2008, Ms. Mohanty was a Managing Director and the Head of Derivatives Marketing and Structured Products at UBS. In this role, she managed a group of 20 professionals responsible for issuer and investor derivatives marketing, quantitative bond analysis and lending. Ms. Mohanty oversaw the allocation of a multi billion dollar lending book, the first at UBS, to provide letters of credit and liquidity facilities to tax-exempt clients.
Prior to UBS, Ms. Mohanty was a Managing Director and Head of Issuer Derivatives Marketing at Morgan Stanley where she structured, marketed and executed a variety of derivative transactions including interest rate swaps, swaptions, knockout swaps and inflation-linked structures for major clients. Ms. Mohanty began her career as a housing banker at CS First Boston, and then was a transportation and general banker in municipal finance at J.P. Morgan. In 1999, Ms. Mohanty joined JPMorgan’s Risk Management Marketing Group where she focused on developing and providing structuring ideas, including interest rate derivatives for tax-exempt clients.
Ms. Mohanty has a BA in Economics from the University of Michigan and an MBA in Finance and Economics from the University of Chicago Booth School of Business. She holds Series 50 and Series 54 Certifications. She served as a board member of the Municipal Securities Rulemaking Board (MSRB), Eastside Settlement House(NYC) and the national chapter of Women in Public Finance and served on the FINRA Industry Diversity Advisory Committee (IDAC).
Zoya Gargiulo
Managing Director
Ms. Gargiulo has 20 years of experience in derivatives, structured products, and bond financing. As principal at MG she advises clients on risk-management/hedging and capital markets solutions, hedging, financing, and structured product transactions, market strategy and execution, as well as markets and regulatory developments.
As a Managing Director and Head of Tax-Exempt Investor Derivatives at UBS she was responsible for managing all aspects of derivatives and structured products business with institutional clients and the third party TOB financing program.
Prior to UBS, Ms. Gargiulo was a Principal at Bank of America Securities where she launched institutional investor tax-exempt derivatives business and the third-party TOB program. Within the tax-exempt issuer space, she focused on structured products such as total return swaps, index put bonds and other direct-lending solutions.
Ms. Gargiulo spent 8 years as a structured products and derivatives marketer at JPMorgan. She has worked on structuring, marketing and executing a wide array of interest rate and credit derivatives products for institutional clients investing in tax-exempt securities. Ms. Gargiulo was instrumental in building out the third-party TOB book and starting the tax-exempt issuer direct lending solutions business. She spent 3 years on the corporate derivatives desk where she provided comprehensive risk management solutions to domestic corporate clients. Her work included performing asset/liability analyses to determine the clients' hedging needs and structuring, marketing and execution of various interest rate and FX derivatives transactions.
Prior to attending business school, Ms. Gargiulo was an investment analyst for a USAID venture capital fund in Bulgaria, where she worked on all aspects of deal origination, structuring and execution of debt and equity investments.
Ms. Gargiulo holds an MA in Philosophy from Sofia University and an MBA in finance from Columbia Business School. She currently serves on MSRB Professional Qualifications Committee.
Tyler Noble
Managing Director, Energy Financing
Mr. Noble was employed at various investment banks from 1994 through 2012, joining Municipal Capital Markets Group, Inc. in 2013, and MG in 2025. Mr. Noble has extensive capital markets experience focusing on all aspects of municipal energy and utility finance. He has worked with a wide array of state municipal joint action agencies, municipal governments, major corporations, and various agencies of the federal government. As of October 2025, Mr. Noble has completed 101 municipal prepayments totaling over $71 billion as senior manager, co-senior manager or financial advisor.
Mr. Noble and the team, together with suppliers, underwriters and legal professionals, continue to innovate with recent improvements to municipal prepayment structures including repricing analysis and certification relative to reasonable expectations for mandatory put bond structures, gas-to-power tolling arrangements, gas to power “switch” structures, clean energy related prepayments and innovative prepayment bond repricing strategies.
Mr. Noble graduated from the University of Montana and holds a Series 50 Certification.
John Norman
Managing Director
From 2013 to 2025 Mr. Norman was a Managing Director in the Denver office of the Dallas based Municipal Capital Markets Group, Inc. joining MG Advisory Corp in 2025 as a Managing Director. Mr. Norman is a veteran Managing Director of Wall Street firms including Wells Fargo Securities and Banc of America Securities with over 40 years of investment banking experience in municipal and structured project finance.
Mr. Norman has extensive capital markets experience focusing on all aspects of municipal energy and utility finance and taxable project finance. He has worked with a wide array of state municipal joint action agencies, energy clients, municipal governments, U.S. Government agencies, major corporations, and has pioneered the introduction of a variety of credits and products into the capital markets including municipal prepayments.
Mr. Norman has served as Senior Manager, Co-Senior Manager or Financial Advisor on 86 energy prepayments totaling over $72 billion. Mr. Norman is a licensed Municipal Advisor, General Securities Principal, Municipal Securities Principal, and General Securities Representative.
Desiree Freris
Managing Director, Reinvestment Products
Desiree started her career in 2002 as a Fixed Income Trader at Hypo und Vereins Bank in New York City. Her focus was specifically in Municipal Finance and she was responsible for the GIC trading, pricing and modeling as well as the procurement and management of assets. In 2005 Desiree co-founded Pallas Capital Corp, a highly rated Special Purpose Vehicle created to maintain a competitive edge in a quickly changing credit environment and continue to provide GICs to Municipal clients. Desiree transitioned to working in a Municipal Advisory capacity in 2023 focusing largely on complex bond structures. Desiree joined MG in 2026 as a Managing Director of Investments and a Municipal Advisor. She is responsible for the placement of bond proceeds largely in the prepaid energy, higher education, health care and housing sectors.
Desiree graduated from St. John’s University with a Bachelor of Science in Finance and Mathematics. She currently holds a Series 50 Certification.
Tomas Brenner
Associate
Tomas joined MG as an Associate in 2025. His primary responsibilities are to provide quantitative analysis and client support. Those responsibilities include monitoring of client portfolios, pricing and modeling derivative structures, verification of swap accruals and collateral posting amounts, GASB testing, and compilation of daily and weekly reports tracking the tax-exempt and taxable fixed-income markets.
Before joining MG, Tomas worked as a Commercial Banking Intern at Wells Fargo, where his primary responsibilities included supporting the credit team and relationship management team.
Tomas received his BSBA in Finance and Legal Studies from The University of Miami Herbert School of Business. He currently holds a Series 50 Certification.
Nixon Malik
Associate
Nixon joined MG as an Associate in 2025. His primary responsibilities are to provide quantitative analysis and client support. Those responsibilities include monitoring of client portfolios, pricing and modeling derivative structures, verification of swap accruals and collateral posting amounts, GASB testing, and compilation of daily and weekly reports tracking the tax-exempt and taxable fixed-income markets.
Before joining MG, Nixon worked as a Venture Capital Intern at O'Leary Ventures, where his primary responsibilities included financial modeling, due diligence and operational tasks.
Nixon received his BSBA in Mathematics from The University of Miami College of Arts and Sciences. He currently holds a Series 50 Certification.