Bond Dealers of America


Mike Nicholas
Chief Executive Officer
Bond Dealers of America

Mike Nicholas is CEO of the Bond Dealers of America, the only DC based trade association representing securities dealers and banks focused on the U.S. fixed income markets.  In this role, Mike is responsible for all aspects of BDA growth, strategy and operations.  This includes federal lobbying and advocacy, marketing, communications, member relations and agenda development. Prior to the BDA, Mike spent ten years as Managing Director at the Securities Industry and Financial Markets Association and Vice President at The Bond Market Association.  At SIFMA and the BMA, Mike directed all regional dealer capital markets activities while also managing a variety of other departments including the political action committee, issuer relations and member outreach. Prior to joining the BMA, Mike worked in the fixed income capital markets division at Morgan Keegan & Company in Memphis, Tennessee.  Prior to that, Mike served as the district field representative to former U.S. Representative Don Sundquist.  Mike lives in Vienna, VA with his wife and three children.

Jessica Giroux
General Counsel & Managing Director, Federal Regulatory Policy
Bond Dealers of America

Jessica Giroux is General Counsel and Managing Director, Federal Regulatory Affairs for the Bond Dealers of America. She is responsible for member engagement, outreach to regulators and staff on Capitol Hill, research, analysis and information collection regarding regulatory initiatives derived from efforts at FINRA, the MSRB and the SEC as well as overseeing legislation on Capitol Hill.

Prior to joining the BDA, Jessica served as Chief of Staff and Counsel to New York State Senator James Alesi where she led the office’s legislative initiatives, including drafting bills for consideration by the full Senate.  Jessica also spent four years in the DC offices of former NYC Mayor Michael Bloomberg where she was senior legislative staff focusing on issues related to transportation, energy, environment, census and immigration.

Jessica obtained a bachelor’s degree in Political Science from the State University of New York at Albany a law degree from Albany Law School of Union University.  She is admitted to the New York State and U.S. Supreme Court Bar.

John Vahey
Director of Federal Policy
Bond Dealers of America

John Vahey is the Director of Federal Policy at the Bond Dealers of America where he is responsible for analyzing federal regulatory and legislative policy related to the U.S. fixed income markets.

Prior to the BDA, Mr. Vahey was a Policy Advisor at Third Way’s Capital Markets Initiative where he analyzed banking, capital markets, and financial regulatory reform issues. Prior to Third Way, Mr. Vahey served as a Legislative Assistant for a senior Member of the House Financial Services Committee. Prior to his work on Capitol Hill, Mr. Vahey worked as an options market-maker and an analyst at a fixed-income hedge fund.  He received his Masters of Finance from Johns Hopkins University and a BA in History from Boston College.

Justin M. Underwood
Federal Policy Advisor
Bond Dealers of America

Justin Underwood is the Federal Policy Advisor for the Bond Dealers of America where he is responsible for analyzing federal regulatory and legislative policy and staffs the Municipal Bonds for America Coalition (MBFA) and the BDA’s newly formed Fixed Income Technology and Operations Committee.

Prior to joining the BDA, Mr. Underwood was a Trading Analysis Professional at the Financial Industry Regulatory Authority (FINRA).  Prior to FINRA, he was an Associate and inducted into the first class of City Fellows at Morgan Stanley in London. Mr. Underwood also served on Capitol Hill in the offices of Sen. Sam Brownback (KS), the Joint Economic Committee, and the Financial Services Committee. He earned a Bachelors degree from Emporia State University and a Masters degree in Government from the Johns Hopkins Krieger School of Arts and Sciences and an MBA from the Johns Hopkins Carey Business School.