News
John Miller Joins Build America Mutual as Senior Advisor to Support Growth in Public Finance
NEW YORK – Build America Mutual, the U.S. municipal bond insurer, announced that veteran municipal bond investment banker and financial advisor John Miller will join the firm as a senior advisor, focusing on increasing utilization of bond insurance on large infrastructure and public power projects in the primary market.
“Institutional investor demand for BAM-insured municipals has increased, particularly for larger and higher-rated transactions from issuers who may not have actively considered insurance in recent years,” said BAM Chief Executive Officer Seán W. McCarthy. “John’s experience financing major projects is the perfect background to work with underwriters and municipal advisors and help structure transactions to access that demand and minimize the cost of financing essential infrastructure.”
Miller was previously a Managing Director at both Citi and Public Financial Management, and more recently has been a Managing Director at American Public Infrastructure, a strategic advisor to owners and investors in water, power, and other projects.
“There’s an opportunity for issuers, bankers, and financial advisors to look at their financings with a fresh perspective – to think about BAM at the beginning of the process, and how they can use insurance as a tool to attract investors,” Mr. Miller said. “The team at BAM has a deep understanding of the fundamental strengths of municipal credits, and I’m looking forward to helping identify more projects that can benefit from that knowledge and experience.”
About Build America Mutual
BAM is a mutual bond insurance company operated for the benefit of its members – the cities, states, and other municipal entities that use BAM’s financial guaranty to lower their cost of borrowing – and BAM is the preferred provider of bond insurance for members of the National League of Cities. As of December 31, 2023, there were more than $100 billion of BAM-insured municipal bonds outstanding for more than 5,300 member-issuers.
For more information, please contact:
Michael Stanton, Head of Corporate Strategy and Communications
212-235-2575; mstanton@buildamerica.com