NativeOne Institutional Trading is once again breaking through the glass ceiling.
The firm became the first and only American Indian-owned member of the New York Stock Exchange (NYSE) on August 25, 2011. Now it is the first American Indian-owned company to participate in a public securities offering.
Oregon Health & Science University (OHSU) invited NativeOne to participate in their recent $126,365,000 bond underwriting, states a NativeOne press release. Lead underwriters were J.P. Morgan Securities LLC and Morgan Stanley, and NativeOne served as a co-manager alongside Bank of America Merrill Lynch, Loop Capital Markets and Cabrera Capital Markets, LLC.
"OHSU is pleased to add NativeOne to the team for our bond refinancing. We feel strongly that a diverse group of banking partners adds new ideas, brings additional insights, and helps build new capacities—ensuring the best outcome for the University," said Lawrence Furnstahl, OHSU chief financial officer.
The Portland, Oregon-based OHSU is a public corporation that provides a wide array of patient care, educational, research and outreach services to residents throughout the Northwest and beyond. The university operates two hospitals and hosts schools of medicine, nursing, dentistry and pharmacy (in conjunction with Oregon State University). OHSU also conducts both basic and applied health research across several specialties. Although OHSU became an independent public corporation pursuant to an act of the Oregon Legislature in 1995, all of the members of OHSU’s Board of Directors are appointed by Oregon’s Governor and confirmed by the Oregon Senate.
NativeOne Institutional Trading was co-founded in 2009 by Don Lyons, member of the Morongo Band of Mission Indians, and Dennis Smith, a Wall Street veteran since 1976. The full-service broker-dealer, which joined Wall Street on December 28, 2010, has execution capabilities in domestic and international equities, as well as fixed income and syndicate. NativeOne has developed strategic alliances with several industry leaders allowing the firm to service all of their clients’ financial needs. Incapital LLC is NativeOne’s partner for fixed income transactions.
NativeOne has a team of seasoned brokerage professionals whose mission it is to train and integrate Native Americans into the financial community in a meaningful manner. Central to NativeOne’s mission are the following:
• An internship program offering Native American youth access to the financial community. NativeOne has partnered with many of their clients in this program allowing them to aid in the training of Native youths, while also allowing the client to extend goodwill in the Native community under their own name.
• A “giving back” program. NativeOne donates a portion of net profits back to the Native community.
"NativeOne's inclusion in this underwriting is a groundbreaking achievement," said Tiani Osborn, managing member of NativeOne and former chairwoman of the Investment Committee for the Eastern Band of Cherokee Indians. "We are paving the way for Native Americans as they assume an active and meaningful role as capital markets participants."
Oregon Health & Science University is the state’s only academic health and research university. As Portland's largest employer with approximately 14,000 employees, OHSU's size contributes to its ability to provide many services and community support not found anywhere else in the state. OHSU serves patients from every corner of Oregon and is a conduit for learning for more than 4,300 students and trainees. OHSU is the source of more than 200 community outreach programs that bring health and education services to each county in the state.