Ms. Mohanty has over 27 years 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 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 for tax-exempt clients, and marketing interest rate derivatives.
Ms. Mohanty has a BA in Economics from the University of Michigan and an MBA in Finance and Economics from the University of Chicago, and holds her Series 50 and Series 54 Certification. She is a former board member of Eastside Settlement House and Women in Public Finance and currently serves on the MSRB board.
Ms. Gargiulo has 20 years of experience in derivatives, structured products, and bond financing. As principal at Mohanty Gargiulo LLC 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 Banc 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.
Nicholas Gianaris began as a Vice President with Mohanty Gargiulo in 2021. His primary responsibilities are to provide quantitative analysis and client support which includes ongoing 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 Mohanty Gargiulo, Nick worked on the Fixed Income Trade Support Desk at J.P. Morgan. He was responsible for liaising with the Underwriters, Investment Bankers, Sales Force, and Traders in the set-up and execution of Municipal and Corporate transactions. He also ensured all relevant deal documentation was provided to the MSRB in a timely manner to avoid violations, monitored syndicate P&L, and worked with DTCC to confirm proper settlement.
Prior to J.P. Morgan, he worked at Bessemer Trust as a Trading Assistant. Here he was responsible for assisting the Portfolio Managers in selling/buying securities to maintain their clients’ desirable duration.
Nick received his BA in Economics and Business Administration from Fordham University.
Brandon Chan started as an associate with Mohanty Gargiulo in 2021. His primary responsibilities are to provide quantitative analysis and client support which includes ongoing 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.
Prior to joining Mohanty Gargiulo, Mr. Chan worked as a Private Wealth Management Analyst at Goldman Sachs in their Boston office. His primary responsibilities involved creating client presentations, updating client portfolios, preparing new client pitchbooks, and overseeing due diligence tasks.
Before working at Goldman Sachs, Mr. Chan spent time at Mellon Investments (BNY) as a Municipal Fixed Income Research Analyst. In this role, he analyzed and assigned internal credit ratings for municipalities, assessed macroeconomic trends and possible credit implications, and developed a municipal distress monitoring database.
Mr. Chan holds a BS in Business Administration with a concentration in Finance from Northeastern University. He is a Series 50 licensed Municipal Advisor.
Mohanty Gargiulo LLC is registered as a Municipal Advisor with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board, as well as a Commodity Trading Advisor with the Commodity Futures Trading Commission. We are also a certified Minority and Women-Owned Business Enterprise.