John Sheldon joins the State Treasurer’s office as a Deputy Treasurer. He brings 34 years of public finance experience, primarily as a banker to many of the largest municipal debt issuers in the U.S., including the State of California, and has helped raise over $100 billion of capital for state and local governments throughout his career. He spent the majority of his career at a national investment bank where he managed the infrastructure group and served as a lead banker to the State of California. His banking experience includes working on some of the State’s largest and most complex bond issues for the State’s General Obligation Bond Program, Public Works Board Lease Revenue Bond Program, Department of Water Resources and Water Resources Control Board. He has also worked closely with the State’s bond issuing authorities and the IBank.
In addition to his work for the State, John has deep experience working with many types of western region state and local government issuers, including cities and counties; water, sewer and/or power utilities; transportation agencies; K-12 school districts; community college districts; redevelopment and successor agencies; assessment districts; and special districts.
Earlier in his career John spent 7 years at two other investment banks in San Francisco and New York. During this time, he served municipal debt issuers across the State as a financial advisor, primarily developing and executing efficient, cost effective and long-term capital financing plans; providing strategic advice to executive management; and addressing policymakers regarding complex financing issues.
John has also served as a board member for a California nonprofit affordable housing tax credit syndicator, board member and investment committee member for a California community college foundation, volunteer for a youth financial literacy program and a policy analyst for the public securities industry.