
Suite 200
Media, PA 19063
Telephone: (610) 565-5990
Fax: (610) 565-4188
Pennsylvania Professionals
Thomas F. Huestis, Senior Managing Director
Certifications/Licenses: Series 50, Municipal Advisor Representative
and Series 65, Investment Adviser Representative
Mr. Huestis joined PRAG in 2002 bringing a unique understanding of municipal investment, debt management and financial management, based on over 25 years of experience as an independent financial advisor and municipal finance executive.
Mr. Huestis has extensive experience providing financial advice to states and state agencies and has also assisted cities, counties and authorities on a wide variety of projects and security types. Mr. Huestis specializes in high-profile issuers and projects including transportation, economic development, large public facilities and challenged credits.
Prior to joining PRAG, Mr. Huestis was the Treasurer of the District of Columbia. Under his leadership, the District’s S&P rating improved from “B” to “BBB.” Prior to joining the DC government, Mr. Huestis managed and co-wrote the District of Columbia’s Budget & Fiscal Year 1997-2000 Financial Plan that was instrumental in enabling the District to overcome a $500 million accumulated deficit and set the stage for the District’s current triple-A and double-A category GO ratings.
Mr. Huestis received a M.B.A. from Carnegie Mellon University and a B.A. in Government from Franklin & Marshall College.
Christine Fay, Senior Managing Director
Certifications/Licenses: Series 50, Municipal Advisor Representative
Ms. Fay joined PRAG in 2010. She has 17 years’ experience in public finance as an independent financial advisor and municipal finance executive. Ms. Fay is located in PRAG’s Pennsylvania office and serves as a project manager to certain states, local governments and authorities. Ms. Fay advises municipal issuers with developing credits, structuring bond issues, preparing credit rating strategy and executing bond transactions.
Prior to joining PRAG, Ms. Fay worked as the Debt Finance Manager for the County of San Diego in which she managed a $1.6 billion debt portfolio which included Pension Obligation Bonds, Certificates of Participation, Lease Revenue Bonds, Tobacco Bonds, Redevelopment Bonds, Multifamily Housing Bonds, and Reassessment Bonds.
Ms. Fay received her M.B.A. from the UCLA Anderson School of Business and graduated Cum Laude from the University of Pennsylvania with a B.A. in Economics.
Jessica Donnelly, Senior Managing Director
Certifications/Licenses: Series 50, Municipal Advisor Representative
Ms. Donnelly joined PRAG in its Media, Pennsylvania office in May 2015 after 14 years of general municipal finance experience at a large national investment bank. In her capacity at PRAG, Ms. Donnelly serves as the primary day-to-day contact for various PRAG clients and provides credit, market and deal structuring advice and overall project management.
Ms. Donnelly serves as Project Manager for the State of West Virginia, which includes various state agencies, the New Jersey Higher Educational Facilities Authority, Capital Region Water as well as other general, utility and higher education issuers. Some of the various state issuers nationally she has also advised include the states of Illinois, Rhode Island, Maryland and Georgia as well as the Commonwealths of Pennsylvania, Kentucky and Virginia.
Prior to joining PRAG, Ms. Donnelly was a Director at Citigroup Global Markets Inc. in its Public Finance Department and worked on the structuring, negotiating and development of financings for state and local issuers. Her experience includes financings for a variety of different bond types and issuance structures, including general obligation bonds, water and sewer revenue bonds, tax-credit bonds, school district financings, stand-alone “privatized” project financings and lease- and appropriation-supported debt.
Ms. Donnelly is a graduate of Tulane University where she received a B.A. in Management with a concentration in Finance.

Ryan Killen, Assistant Vice President
Certifications/Licenses: Series 50, Municipal Advisor Representative
Mr. Killen joined PRAG in its Media, Pennsylvania office in March 2016 as an Associate and has eight years of municipal finance experience. In this capacity, Mr. Killen provides analytical, quantitative and project support on all municipal financing engagements for various state, cities, water/wastewater and higher education issuers, among others.
Prior to joining PRAG, Mr. Killen worked for more than five years as an analyst for an international law firm within their Public Finance department. He assisted state, local, higher education and not-for-profit issuers, as well as underwriters, throughout the bond transaction. Mr. Killen also facilitated in special projects, such as private use analysis in accordance with post issuance tax compliance. In addition, he provided analysis for swaps and derivatives for a major financial institution.
Mr. Killen received his M.B.A. from St. Thomas University and a B.A. in Finance from St. Joseph’s University.

Lauren Weir, Analyst
Certifications/Licenses: Series 50, Municipal Advisor Representative
Ms. Weir joined PRAG in 2016 as an Analyst. She provides analytical, project and marketing support to PRAG’s municipal financing engagements, encompassing research, drafting and editing documents, general advisory and administrative support. Ms. Weir also engages in business development through preparing responses for requests for proposals.
Ms. Weir received her MA Ed. from the College of William and Mary and her B.A. in History from the Pennsylvania State University.