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Morgan Stanley public-finance co-head Zach Solomon heads to TD Securities

Cierra Seay
Published Sep 25, 2026
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Summary:
  • People with knowledge of the move say Zach Solomon is leaving for TD Securities, and at Morgan Stanley he holds the title of co-head of public finance investment banking.
  • He oversaw over $5 billion of Brightline bond offerings as the top banker at Morgan Stanley, and in 2024 spoke about "telling the Brightline story."
  • Brightline filed for Chapter 11 on Thursday, with its operating company excluded so trains can keep running.

The move and how we know

Zach Solomon is exiting Morgan Stanley to take a role at TD Securities, according to people who asked not to be named because the information is not public. Those people said he departed this week. When contacted on Friday, Solomon said he had departed Morgan Stanley and offered no additional remarks.

A spokesperson for Morgan Stanley said the firm had no comment. A TD Securities spokesperson did not respond to a request for comment.

Banking and Brightline ties

During his tenure as co-head, Solomon led Morgan Stanley's work on Brightline bond deals totaling over $5 billion for the Florida private railroad. On Thursday, Brightline sought Chapter 11 protection after years of revenue coming in below expectations left it unable to repay billions borrowed to finance the Miami to Orlando line. The municipal financings were viewed as innovative, and in a 2024 interview with The Bond Buyer, Solomon emphasized "telling the Brightline story." The bankruptcy filing does not include Brightline's operating company, which allows service to continue during the restructuring.

TD Securities' hiring push

TD Securities is growing its municipal bond unit, hiring sales personnel from JPMorgan Chase & Co. and Cantor Fitzgerald and strengthening its public-finance banking footprint in Texas.

Leadership changes remind investors to review strategies that protect and grow their savings. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot.

What this could mean for your portfolio

A veteran muni banker is shifting to a firm that is growing in the space, right as a headline issuer restructures. If you own municipal bonds or funds, pricing and liquidity can be influenced by who brings deals to market and how borrowers navigate stress, even when trains keep running.

Steady attention to your plan helps weather transitions and keep wealth on track. Our CEO Jaspreet Singh is hosting a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, on September 29th. Sign up free to join him live.

Disclosure

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