Title: Vice President, Capital Markets
Firm: Build America Mutual
Age: 32
During a two-year analytics program at Citigroup Global Markets, Morgan Fahy found her love for munis, noting that she liked learning about the market and being able to see the projects she worked on come to fruition.
“This market on a daily basis gives me the opportunity to continue to learn, challenges me to think about things differently and navigate an ever-changing environment,” she said.
After her time at Citi, she joined Build America Mutual in 2021 as a vice president in the capital markets group. She transitioned into bond insurance, a growing area of the market, which also allowed her to help the clients she had been interacting with for years, she said.
“What has kept me so interested in this market is the ability to actually learn something new every day, which has been extremely rewarding,” she said. “I’ve also been lucky to work with great teams, both at Citi and BAM, that challenge you to be at your best, but also have some fun along the way.”
Grant Dewey, head of municipal capital markets at BAM, said Morgan “is a leader in helping to grow demand for municipal bond insurance in the secondary market.”
“Using her previous experience in institutional sales at a leading municipal dealer, Morgan is constantly monitoring the secondary market for opportunities that align with specific performance and strategic goals of BAM’s client base,” he said.
Morgan said the people she works with are a big part of why the industry is so attractive. She’s also involved with the recruiting process.
“Introducing the younger generation to the municipal market, a market that I’ve loved and grown up with, is a unique opportunity,” she said. “That’s how we continue to build our market and build our team: hire the best, train them well and hope that they choose this market as a place to build their careers.”
Morgan majored in finance at Fordham University. She currently lives in Crestwood, New York, with her husband Brian Fahy, her two-year-old son Jack and a puppy named Finn.