Mr. Bengali has 27 years of public finance experience, the last 15 of which have been spent overseeing Stone & Youngbergs Transportation Group (and now Stifel Nicolaus national Transportation Group). Mr. Bengali serves as the firms lead banker for the transportation programs of the Bay Area Toll Authority, the Santa Clara Valley Transportation Authority, the Orange County Transportation Authority and the San Diego Area Governments Transportation program.In addition, Mr. Bengali has worked on the transportation/transit funding programs of the Arizona Transportation Board. These assignments include the $9 billion toll bridge system debt program for BATA, the $1.5 billion sales tax Measure A program for VTA, the $700 million sales tax proposition A program for SANDAG, and the multi-billion dollar HOT lanes funding program for MTC. Mr. Bengali also led Stone & Youngbergs team in serving as a co-manager for OCTAs Measure M2 financing program. Prior to joining Stone & Youngberg, Mr. Bengali worked in project finance and engineering consulting, including a tenure at the World Bank. At the World Bank, Mr. Bengali structured the highway toll system lending programs for Singapore and Santiago, Chile. Prior to his work in public finance, Mr. Bengalis engineering consulting career included design and implementation of large public works projects. Mr. Bengali earned a Bachelor of Arts degree in economics from Swarthmore College, a Masters Degree in civil engineering from the Massachusetts Institute of Technology and a Masters degree in business administration from the Wharton School of the University of Pennsylvania. In addition to non-recourse revenue bonds in the transportation sector, Mr. Bengali has structured numerous transactions for municipal clients where other non-recourse revenue has been pledged to achieve the financing goal. For example in structuring real-estate transactions commonly used in California that rely on a defined parcel tax; for golf course projects that rely on system revenues and power systems that rely on energy generation.
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