Professionals

Kevin Ogilby

Executive Vice President, Head of Investment Banking

Kevin Ogilby brings more than 17 years of management, operating and capital-raising experience to Duncan-Williams, where he oversees the firm’s investment banking division with management responsibility for the public finance and corporate finance groups.

Prior to joining Duncan-Williams, Kevin was Chief Operating Officer of Billings Capital Management, a hedge fund company in Arlington, VA. Earlier, Kevin served as Vice President of Operations for Summit Management Corporation, a hotel development and management company in Atlanta, GA, where he oversaw hotel operations for the company’s portfolio properties. Kevin also has served as President of a central Florida real estate developer, The Ransome Group, which focused on large scale mixed-use, office and single-family residential subdivisions. Prior to entering the real estate industry, Kevin was Portfolio Manager for a long/short U.S. equity hedge fund at Friedman, Billings, Ramsey Group. Kevin began his professional career as co-founder of Legend Airlines, a business class airline in Dallas, TX.

Kevin received an MBA from the Owen Graduate School of Management at Vanderbilt University, where he was inducted into the Beta Gamma Sigma honorary society. He also received his BA from Vanderbilt University.

E-mail: kevin.ogilby@duncanwilliams.com

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Wayne Breunig

Managing Director

Wayne serves as Managing Director of the Public Finance Department of Duncan-Williams. In this role, he has overseen the underwriting of more than $16.3 billion (par amount) of municipal bonds, including governmental, education, healthcare, special districts, multi-family housing, and airport authority issues.

Previously, Wayne worked in a variety of banking capacities, including establishing and serving as registered principal of the broker-dealer subsidiary of a commercial bank, where he managed operations. Previously, as an investment banker working for the broker-dealer division of another regional commercial bank, he developed analyses to help financial institutions manage their securities and loan portfolios. He also worked on the bank’s whole loan trading desk, where he had transactional responsibility for trading pools of up to $250 million, with annual volume averaging approximately $4 billion.

Other banking experience includes five years as CEO of a mortgage servicing company operating in more than 40 states. Wayne also participated in the startup of a de novo state charted commercial bank, where he served on the board of directors and chairman of the audit committee.

Wayne spent the first ten years of his career as a CPA in Public Accounting. His clients included public and privately owned commercial companies, financial institutions, and securities broker-dealers. At that time, financial institutions engaged in private securitizations of mortgage loans, and he performed collateral audits of those structures.

Wayne is a graduate of the University of Evansville with a Bachelor of Science in Accounting. More recently he served as President of the Alumni Board. He earned a MBA degree in Finance from the University of Michigan. He holds the Series 24, 52, 62, 63, and 79 licenses, which qualify him as a General Principal for the department.

E-mail: wbreunig@duncanw.com

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A.O. “Buddy” Crihfield

Managing Director, Southeast Region

Buddy has pursued a career in investment banking for more than 35 years. He currently works mainly in the housing sector, utilizing FHA insurance, USDA guarantees and Section 42 LIHTC. Buddy has worked closely with the State of Mississippi on numerous bond financings, including three IHL issues for on-campus university housing for which Duncan-Williams was senior manager in 2009.

Before joining Duncan-Williams, Buddy was Executive Vice President of the whole loan mortgage trading desk for a large national bank, where he was responsible for the purchase and sale of single family housing loans. Loan portfolios were purchased from banks and thrifts, and securitized or sold as whole loans to FHLMC or FNMA. This position entailed the oversight of 65 employees required for due diligence and compliance. The bank purchased and resold portfolios in pools in excess of $200 million. Previously, Buddy worked for a Memphis-based regional investment banking firm with responsibility for housing and healthcare financings.

Buddy holds the Series 52 and 63 licenses.

E-mail: bcrihfield@duncanw.com

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Karl R. Biggers

Managing Director

Karl joined the Texas office of Duncan-Williams in May of 2012. During more than 20 years in investment and commercial banking, he developed expertise in transportation, general obligation, water and sewer, and variable-rate financings for nonprofits.

Before joining Duncan-Williams, Karl was with M.R. Beal & Company, where he opened the company’s Dallas office. He previously was with First Southwest Company and Southwest Securities in Dallas, where he served as financial advisor and banker to some of North Texas’s largest issuers, including the City of Fort Worth, Trinity River Authority and Dallas County Utility and Reclamation District. Previously, Karl worked with non-profits and governmental entities at J.P. Morgan Chase in Phoenix.

Karl has worked with some the largest and most sophisticated issuers in Texas, including the Texas Department of Transportation, Texas Water Development Board, Texas Public Finance Authority, The University of Texas at Austin, Texas A&M University, North Texas Tollway Authority, City of Dallas, Dallas/Fort Worth International Airport, Dallas Independent School District, Dallas County Community College District and Trinity River Authority. He also has worked with middle-tier clients, such as City of Cedar Hill, City of Irving, Leander Independent School District and Royse City Independent School District.

Karl served on the Board of Governors of the Dallas Symphony Orchestra, and he was chairman of the board of Help Is Possible, a substance abuse treatment program. He also served as Cultural Affairs Commissioner for the City of Dallas.

Karl, a fifth generation Texan, holds Bachelors of Arts degrees in Economics and Political Science from Southern Methodist University and a Master of Business Administration from The University of Texas at Austin. Karl holds FINRA General Securities Representative (Series 7), and Uniform State Law (Series 63) licenses.

E-mail: karl.biggers@duncanwilliams.com

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Kevin Boyce

Managing Director

Kevin Boyce, Managing Director, joined Duncan-Williams in 2013 after working for New York investment banking firm Rice Financial Products (RFPC). Mr. Boyce offers a strong tradition of performance excellence with extensive experience in Public Finance. Prior to working for RFPC, Mr. Boyce served as the 47^th Treasurer of the State of Ohio where he led the country’s 7th largest state treasury while guiding an investment team responsible for a $10B fixed income portfolio, public finance issuances for over $1.2B, overseeing pension fund custodial agreements for over $150B. Mr. Boyce was recognized for finding creative ways to reduce pension fund fees and cost 65% ($20M), and operation expenses 12% over 2 years. Mr. Boyce brings unique experience to public finance having served as Chairman of the Public Finance Committee of City Council for the city of Columbus, Ohio which boasts being the largest city in America with a AAA ratings from all three major rating agencies.

As a public finance investment banker, Mr. Boyce comes to Duncan Williams as an experienced financial executive and organizational leader with knowledge of federal state and city governments and a successful record helping government, corporate entities and nonprofit organizations achieve financial goals. While at RFPC, Mr. Boyce managed nearly $6B in transaction volume with clients such as the State of Ohio, State of Illinois, State of Maryland, City of Columbus, City of Cincinnati, City of Cleveland, City of Chicago, Toledo Public Schools, Chicago Public Schools, Ohio University, and the Cleveland Regional Transit Authority.

Currently Mr. Boyce is a member of the Ohio House of Representatives where he serves as ranking member of the Financial Institutions Committee. Mr. Boyce received his B.S. degree in Political Science from the University of Toledo and his M.S. in Public Administration from Central Michigan University. He currently holds a FINRA Municipal Securities Representative (Series 52) license.

E-mail: kevin.boyce@duncanwilliams.com

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E.J. Gregory

Senior Vice President, Southeast Region

E.J. joined Duncan-Williams in August, 2002, where his primary responsibility is to assist the government of Mississippi in all areas of their public finance needs. In 2009, E.J. was lead banker for three Mississippi transactions that generated more than $100 million par value for on-campus university housing. All were negotiated transactions in which Duncan-Williams was the Senior Manager without assistance from a co-manager or syndicate. Drawing on an extensive background in governmental relations and having served on the staff of Senator Thad Cochran, E.J. brings an understanding of local government issues to the firm.

Previously, E.J. owned and operated Gregory Real Estate, a real estate brokerage firm in North Mississippi. In addition to holding a real estate brokers’ license in Mississippi, he also holds two designations from the Mississippi State Tax Commission as a certified county ad valorem tax appraiser. As an appraiser, E.J. worked directly with Mississippi counties in the preparation of their tax rolls.

E.J. is a graduate of the University of Mississippi with a degree in Public Administration. He holds the Series 52 and 63 licenses.

E-mail: ejgregory@duncanw.com

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Christy McMurry

Senior Vice President

Christy McMurry, Senior Vice President, joined Duncan-Williams’ Public Finance group in 2013, establishing the Firm’s Ohio operations. Ms. McMurry has been providing financial advisory and investment banking services to state and local governments for over 12 years. She has worked on a myriad of complex structured financings specializing in K-12, higher education, water, sewer and capital projects for local government issuers in Ohio, Kentucky, Tennessee, Alabama and Georgia

Prior to joining the Firm, Ms. McMurry worked on the trading desk for a boutique firm specializing in municipal finance, gaining a keen understanding of not just structuring an municipal issue, but also how to market those issues to the financial markets. The first decade of her professional career was spent as a political and media relations consultant in Washington D.C. and in her home state of Ohio. She has served as a Chief of Staff in County and City government and as the lead spokesperson on a U.S. Department of Energy Cleanup Cold War site.

Ms. McMurry is very active in her community serving on the Board of Directors for the NuWay Foundation, Finance Committee for the University of Cincinnati Foundation/Alumni Relations, Board Member to the Great Oaks Foundation, and also as a tutor/mentor for Whiz Kids. In 2010, Ms. McMurry started the Cincinnati Chapter of Room to Read, a nationally recognized non-profit.

Christy holds a Bachelor of Science in Economics from the University of Cincinati and a Masters of Arts in Strategic Communications from Seton Hall. She currently holds FINRA General Securities Representative (Series 7), and Uniform State Law (Series 63) licenses.

E-mail: christy.mcmurry@duncanwilliams.com

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Will Ruzic

Senior Vice President

Will Ruzic, Senior Vice President, joined Duncan-Williams, Inc. in 2012 in the Public Finance Division. His concentration in the firm is creating and implementing market development, client relations and corporate growth strategies in the state of Alabama.

Will brings nearly 18 years of experience in the finance industry with a concentration in sales and marketing. He has spent the last five years in Public Finance working primarily with developers and municipalities specializing in private/public partnerships for use in economic development. Will has also served as point man for large corporations, start-up companies and individual brokers in implementing appropriate training, sales and growth strategies applied to market conditions.

Will received a Bachelor of Science in Finance from Auburn University with a minor in Accounting. Will currently resides in Brewton, Alabama with his family and is involved in many civic and volunteer organizations in the community. Will holds FINRA Municipal Securities Representative (Series 52) and Uniform State Law (Series 63) licenses.

E-mail: Will.Ruzic@duncanwilliams.com

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Brittney Rogers

Vice President, Southeast Region

Brittney joined Duncan-Williams in 2007 and serves as a Vice President in the Public Finance Department. She specializes in real estate, private activity and special assessment district financings with a focus on affordable multi-family housing transactions. Within affordable multi-family housing transactions, Ms. Rogers assists developers with acquisition, minimal rehabilitation, substantial rehabilitation and/or refinancing transactions. Most recently, she has focused on rated, tax-exempt bond structures and 50% cash collateralized bond structures for her clients. In addition, Ms. Rogers has served as a financial advisor on taxable transactions with mortgage insurance provided by the Federal Housing Administration under various Housing & Urban Development Programs.

Brittney graduated with honors from The University of Alabama, where she received the Senior Faculty Excellence Award in World Business, the Outstanding Undergraduate in Finance Award, and the Outstanding Undergraduate in Marketing Award. As a Memphis resident, she currently serves as Chairman of the Make-A-Wish Mid-South Associate Board, as Fund Recorder for the Junior League of Memphis and as a Community Foundation Grants & Initiatives Committee Member. She is a graduate of The New Memphis Institute Fellows Program and the Nexus Leadership Program. She holds her Series 7, Series 79 and Series 63 licenses.

E-mail: brogers@duncanw.com

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Road Ammons

Vice President, Southeast Region

Road joined Duncan-Williams to focus primarily on investment banking in Memphis, Shelby County, the State of Tennessee and the health care sector. Prior to joining Duncan-Williams, he spent 10 years as a USMC officer and fighter pilot.

Previously, Road worked in the specialty medicines division of Novartis Pharmaceutical Corporation. Due to his experience in health care and finance, Mr. Ammons was appointed by the Mayor of Shelby County to the task force on improving the budget deficit at Memphis’s Regional Medical Center.

Road is a fellow of the NC Institute of Political Leadership and served on the city of Charlotte’s Privatization & Competition Advisory Committee, where he monitored the progress of the city in implementing services contracting and asset management programs for possible competition, optimization or benchmarking with the private sector.

Road received a B.S. in computer science from Tennessee State University and a M.B.A. in Global Finance with distinguished honors from Thunderbird School of Global Management. He is a member of the Beta Gamma Sigma and Pi Sigma Alpha academic honor societies. He holds the Series 7, 63 and 79 securities licenses.

E-mail: road.ammons@duncanwilliams.com

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Brit Stock

Vice President

Brit brings more than seven years of investment banking experience to the Dallas office of Duncan-Williams. Focusing his efforts on Texas issuers, Brit has provided analytical and transactional support on more than $8 billion in total par issued for a wide range of issuers, including Dallas-Fort Worth International Airport, Texas Water Development Board, San Antonio Water System, City of Dallas, Cypress-Fairbanks ISD, Denton ISD, Lewisville ISD, San Antonio and Northside ISD. He performs detailed quantitative analysis and is primarily responsible for performing refunding and restructuring analyses, as well as providing support for the firm’s Public Finance bankers and associates in Texas.

Prior to joining Duncan-Williams, Brit served as the lead quantitative banker covering the Southwest region for the Dallas offices of Raymond James, Sterne Agee and M.R. Beal. He currently serves on the Board of Directors of Reading & Radio Resource, a Dallas-based non-profit organization dedicated to providing audio recordings for vision impaired individuals.

Brit graduated from Southern Methodist University in 1994 with a Bachelor of Science in Economics. He currently holds FINRA General Securities Representative (Series 7), and Uniform State Law (Series 63) licenses.

E-mail: brit.stock@duncanwilliams.com

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Dwight Clark

Vice President

Dwight joined Duncan-Williams in September 2003 as a Municipal Finance Analyst. In that capacity, he has helped direct over $6.6 billion of municipal financings. He currently serves in a research and analytical role in the Public Finance Department, where he provides expertise in local and state municipalities, low income housing, airports, infrastructure, and not-for-profit healthcare. Dwight provides continuous oversight of financing trends and actively updates client debt scenarios for refunding opportunities and in preparation for new issues.

From the commencement of a debt review to pricing, Dwight’s involvement in all aspects of the analytical process provides a tailored experience for clients and enhances the financing strategy and execution processes at the firm. Dwight works closely with rating agencies, implements compliance standards, and assists with documentation during pricing.

Dwight graduated with a BA in Mathematics from Williams College and an MBA from the University of Tennessee with a concentration in Finance. He holds Series 7, 52, 63 and 79 licenses.

E-mail: dclark@duncanw.com

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Brad Dye

Vice President, Southeast Region

Brad joined Duncan-Williams, Inc. in January 2006 as a registered representative after a long and successful career in public service, including serving as the 35th Lieutenant Governor of the State of Mississippi from 1980 through 1992. Brad is the only person in the history of Mississippi to hold that office for twelve consecutive years. Brad served as State Treasurer from 1971 to 1976.

In addition, Brad spent three years on the staff of the U. S. Senate Judiciary Committee, served as Commissioner of the Mississippi Workmen’s Compensation Commission and was named Executive Director of the Mississippi Agricultural and Industrial Board (now the Mississippi Development Authority. Dye returned to the practice of law in 1992 with the firm Pyle, Dye, Mills & Pittman.

Brad was a director of the Federal Home Loan Bank of Dallas from 1993 to 2004.

Brad graduated from the University of Mississippi with a Bachelor of Business Administration degree in 1957 and a law degree in 1959. He holds the Series 52 and 63 licenses.

E-mail: bdye@duncanw.com

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Adriana Vargas

Analyst

Adriana joined Duncan-Williams in May 2008 as an analyst providing support for the Midwest and Northeast regions. She has more than nine years of experience in Public Finance.

Prior to joining the firm, Adriana was an Analyst at Popular Securities, providing analytical support for the national Public Finance Division. Previously, she was Assistant Analyst at Samuel A. Ramirez & Co., where she provided support for the Midwest and Southwest regions.

Adriana earned her BA in Mathematics and Actuarial Science from the University of Illinois at Urbana-Champaign and an MBA with a concentration in Finance from the Keller Graduate School of Management. She holds the Series 7 and 63 licenses.

E-mail: adriana.vargas@duncanwilliams.com

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