INVESTMENT
BANKING TEAM

Our seasoned banking team brings significant industry and transaction expertise to each assignment and is fully committed to achieving superior results for our clients. We believe each transaction is unique and provide a team of senior level bankers to execute on behalf of our clients. Our banking team has significant domain expertise, transaction experience and relationships with leading companies and investors to complete a wide range of public offerings, private placements and M&A advisory services.

Matthew Nicklin
Matt Nicklin is a managing director (office of the president) and head of investment banking. Prior to joining First Analysis in 2010, Matt spent 10 years at William Blair & Co. as a key member of its technology and healthcare corporate finance practices, where he completed over 70 M&A and equity financing transactions. Before beginning his investment banking career in 2000, Matt studied marine ecology as a doctoral candidate for three years at Northeastern University in Boston. Earlier, he held lab and patient care technician positions at the University of Chicago and Northwestern Memorial Hospital. Matt earned an MBA from the University of Chicago and a bachelor’s degree in biology from Lehigh University.
Michael Siemplenski
Michael Siemplenski is a managing director emeritus. He joined First Analysis in 1983, shortly after its founding in 1981, and currently coordinates the firm’s capital markets activities. From 1985 to 1995, he built and managed the firm’s domestic institutional sales team. He transitioned into the investment banking group and led the department from 1998 until 2010, originating many of the firm’s banking mandates. Prior to joining First Analysis in 1983 as an institutional salesperson, he marketed general business computer systems, terminal systems, and computer-aided design systems for Burroughs, ITT Courier, and Sanders Associates, respectively. He earned an MBA in marketing and information systems from the University of Illinois and a bachelor’s degree in political science from Northern Illinois University. He has taught computer science at the undergraduate level and has published in the Journal of Industrial Marketing Management.
Richard Conklin
Rick Conklin is a managing director in investment banking. Prior to joining First Analysis in 2012, he spent four years as a managing director at Robert W. Baird & Co., where he headed the firm’s private placement efforts and equity capital markets coverage of the real estate and industrial sectors. Prior to Baird, he was a principal at William Blair & Co., where he spent seven years managing the firm’s efforts in capital raising for small-cap public companies across industry groups. He also spent seven years combined in the real estate industry, most recently as managing director of investment management at ProLogis and senior vice president and head of equity capital markets at Jones Lang LaSalle. He has completed over 100 M&A, private placement, and public offering transactions with a gross value in excess of $15 billion. He holds a bachelor's degree in economics from the University of Notre Dame and an MBA in finance from the Wharton School of the University of Pennsylvania.
Andrew Walsh
Andrew Walsh is a managing director in investment banking. Andrew has over 20 years of experience as a healthcare entrepreneur, executive and operator. Prior to joining First Analysis in 2019, Andrew was part of the senior leadership team of Ciox Health, a large private equity-backed healthcare technology company. Andrew brings a wealth of experience to the investment banking team and has served in senior executive roles at some of the most respected healthcare companies in the US including UnitedHealth Group, Optum and Davita. Andrew also founded, grew and sold a successful population health company focused on helping vulnerable, high-risk populations. He saw this company through two exits, ultimately selling a combined entity to Guidewell in 2017. Andrew earned an MBA from the University of Notre Dame and a bachelor’s degree in Economics from the University of Illinois.
Tracy Marshbanks, PH.D.
Tracy Marshbanks is a managing director. He works with companies in a variety of sectors, particularly businesses where chemical and medical technologies are a key differentiating element. He is a thought leader in his sectors, authoring research and using his industry knowledge and expansive network to uncover promising investment opportunities and help companies navigate their strategic paths and accelerate growth. Prior to joining First Analysis in 1999, he held a number of positions with Amoco Corp. with responsibilities ranging from refining research and development to capital planning (first in petroleum refining and then in marketing). He earned an MBA from the University of Chicago, a doctorate in chemical engineering from Purdue University, and a bachelor's degree in chemical engineering from Colorado State University.
Eric Terhorst
Eric Terhorst is a senior vice president specializing in corporate finance activities in the chemistry-enabled sector. Prior to joining First Analysis in 2000, he worked for sixteen years in engineering and management consulting, based in San Francisco and Vancouver. His work involved primarily manufacturing firms, including semiconductor equipment and device makers, and electronics, petrochemical, mining, energy, pulp and paper, and aerospace industry firms in the U.S. and Canada. He earned a master's degree in chemical engineering from Stanford University, another master's degree in industrial administration from Purdue University, and a bachelor's degree in chemistry and environmental engineering from California Polytechnic State University.
Michael McNeil
Michael McNeil is an associate with First Analysis. Prior to joining the firm in 2017, he spent three years working for Huron Consulting Group, where he enhanced his clients’ financial modeling capabilities. He has experience in basic materials, financial services, utilities, retail, airlines, and energy. He graduated from the University of Wisconsin–Madison’s School of Business with a bachelor’s degree in finance, investment and banking. He is also a CFA Level II candidate.
Christopher Stiegal
Christopher Stiegal is an associate with First Analysis. Prior to joining First Analysis in 2017, he spent a year at Heartland Angels, where he focused on financial analysis, due diligence, and valuation analysis. Before beginning his career in finance, he spent his collegiate years jumpstarting and founding a million dollar construction company and a technology startup. He earned a bachelor’s degree in accounting from the University of Illinois at Urbana-Champaign.
Daniel Tishler
Daniel Tishler is an analyst with First Analysis. Prior to joining First Analysis in 2018, he spent a year at Performance Trust Capital Partners, where he worked on M&A for community banks. While attending university, he worked for the Darwin Fenner Fund, actively managing $2.3 million of Tulane University’s endowment. He graduated with a bachelor’s degree in finance from Tulane University.
Novisa Petrusich
Novisa Petrusich is an analyst with First Analysis. Novisa joined the firm in 2018 from Crosstree Capital Partners, a boutique health sciences investment bank, where he was responsible for sell-side M&A processes and Financial Advisory. He previously worked for PricewaterhouseCoopers, where he was a part of the Private Company Services Group providing customized audit, tax, and advisory services for privately held businesses and private equity portfolio companies. Novisa graduated from the Florida State University College of Business with a bachelor’s degree in finance and a minor in applied economics. He was also a member of the Florida State Seminole Football Team.
Alice Epstein
Alice Epstein is the marketing and communications manager for First Analysis. She leads the creative process and focuses on publishing, graphic design, PR and event planning. Prior to joining First Analysis in 2010, she worked at the renewable energy startup Solargenix Energy. She has a bachelor's degree in political science from the University of Chicago.
Investment banking and corporate finance services are offered through First Analysis Securities Corporation ("FASC" or "First Analysis Securities"), a subsidiary of First Analysis Corp.
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