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.


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.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.


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.


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.