Title: Deputy Debt Manager
Firm: State of Illinois
Age: 39
Elizabeth Chevalier began her career in 2006 as an intern at Scott Balice Strategies as she was finishing up her Bachelor of Arts in economics and international relations at Lake Forest College.
Chevalier was a standout from the get-go. “From the very first day we all got a clear sense of Beth’s strong determination, curiosity about public finance, and thoughtful approach to our work, all of which were the early signs of leadership potential,” said Phoebe Selden, who is now a senior vice president with Acacia Financial Group.
After graduation, Chevalier launched her career by joining the firm full time. She was quickly promoted to associate.
“Public finance was a great fit and I was excited to find something I loved,” Chevalier said.
In 2009, Chevalier left Scott Balice Strategies for Melio and Company. She served as day-to-day contact for more than 70 bond transactions — totaling $8.5 billion — with various structures.
After stints at the San Diego County Water Authority and Miami-Dade County, Chevalier found her current home. Chevalier’s role with the state of Illinois has allowed her to focus intently on the state’s credit, having played an instrumental role in its numerous bond rating upgrades since joining the team. She is also responsible for the state’s disclosure practices, annual Securities and Exchange Commission compliance and debt issuances, while assisting with preparation of the state’s annual budget and other requirements.
“My greatest career accomplishment is working for the state and helping bring forward the story of its improving financial trajectory under the current administration. We have achieved nine credit upgrades so far,” said Chevalier.