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BAM's Decades of experience

Build America Mutual has seasoned professionals with decades of experience in bond insurance, credit underwriting, risk management and the public finance market. Our underwriting group works closely with our surveillance, risk management, legal and financial reporting teams to assure compliance with underwriting guidelines and best practices.

BOARD OF DIRECTORS
Portrait of Robert P. Cochran
Robert P. Cochran
Managing Director and Chairman of the Board; Member, Nominating and Governance Committee

Bob Cochran co-founded Build America Mutual Assurance Company, the first mutual municipal bond insurer, in July 2012. Prior to that, he was a co-founder of Financial Security Assurance (FSA) and was CEO from 1990 to 2009 (NYSE: FSA from 1994 to 2000). On joining FSA in 1985, he headed the Financial Guaranty Department and, in that role, led the Company in establishing its underwriting and risk management criteria. In 1990, the board appointed him Chief Executive Officer, successor to Jim Lopp, FSA's principal founder. He also chaired the Association of Financial Guaranty Insurers from 2001 to 2002. Mr. Cochran joined FSA from the law firm Kutak Rock, where he was a public finance lawyer and Managing Partner of the Washington, DC office. In July 2013, Bob was named to the Board of Directors of the Municipal Securities Rulemaking Board (MSRB). He graduated from Centre College (BA,'71) and Duke University School of Law (JD), followed by a federal judicial clerkship for Judge Pierce Lively (6th Circuit Court of Appeals).

Portrait of Seán W. McCarthy
Seán W. McCarthy
Managing Director and Chief Executive Officer; Chair, Investment Committee and Member, Risk Committee

Seán McCarthy co-founded Build America Mutual Assurance Company, the first mutual municipal bond insurer, in July 2012. Prior to that, he was President and Chief Operating Officer (COO) of Assured Guaranty (NYSE: AGO), following its acquisition of Financial Security Assurance (FSA) in July 2009. He was formerly President and COO of FSA. Mr. McCarthy joined FSA in 1988 as head of the Asia-Pacific business, opening that market for public finance. He subsequently headed all business groups prior to becoming COO and, in that position, was instrumental in developing the necessary resources for FSA to enter the municipal business in 1990. He also chaired the Association of Financial Guaranty Insurers from 2006 to 2011. In earlier positions, Mr. McCarthy was a vice-president in the municipal group of PaineWebber and served at E. F. Hutton in the public finance group. He graduated from Georgetown University (BA,1982).

Portrait of Reid Campbell
Reid Campbell
Director; Member, Audit Committee, Investment Committee, and Nominating and Governance Committee

Reid Campbell is Executive Vice President and Chief Financial Officer of White Mountains Insurance Group, Ltd. (WTM), a publicly-traded, Bermuda-domiciled holding company for insurance and financial services interests around the world. He was formerly the President of White Mountains Advisors, the company’s in-house asset management operation, and a Managing Director of White Mountains Capital, where he oversaw the company’s capital management and treasury functions. Prior to joining WTM in 1994, Reid spent three years with KPMG in its Stamford, Connecticut audit practice. He is a registered Certified Public Accountant in the state of Connecticut and a member of the Connecticut Society of CPAs and the AICPA. Reid has a BS in Business Administration and Accounting from Washington & Lee University, where he graduated Magna Cum Laude. Reid also sits on the Board of Directors of OneBeacon Insurance Group, Ltd.

Portrait of Hon. Edward G. Rendell
Hon. Edward G. Rendell
Director; Member, Audit Committee and Human Resources Committee

Governor Rendell most notably served as the Governor of Pennsylvania for two terms, from 2003 to 2011, and prior to that, was the Mayor of Philadelphia from 1992 to 2000. After 34 years of public service, including 24 years as an elected official, he currently is a partner in the law firm of Ballard Spahr, LLP and a News Analyst for NBC. He now also serves as a consultant or board member for several green and alternative energy firms, including Own Energy, Element Partners and Ocean Thermal Energy. Additionally, he remains involved in the campaign for government efficiency and strategic cost cutting through his work with such entities as Government Sourcing Solutions, Public Financial Management and Greenhill Advisors. A long time proponent of America's need to rebuild and reinvest in public infrastructure, he founded an organization called Building America's Future with Mayor Michael Bloomberg and Governor Arnold Schwarzenegger and currently is Co-Chair of that organization. The Governor also is a Brookings Fellow and teaches government and politics courses at the University of Pennsylvania. He holds a B.A. from the University of Pennsylvania and a J.D. from Villanova Law School.

Portrait of Manning Rountree
Manning Rountree
Director; Chair of Risk Committee and Member, Investment Committee and Human Resources Committee

Manning Rountree is the Chief Executive Officer of White Mountains Insurance Group, Ltd. (WTM), a publicly-traded, Bermuda-domiciled holding company for insurance and financial services interests around the world. He was formerly President of White Mountains Capital, where he oversaw transactions, mergers and acquisitions and new business development. From 2009 to 2014, he also served as President of White Mountains Advisors, the company’s in-house asset management operation. Prior to joining WTM in 2004, Manning was a consultant at McKinsey & Company, focused on the insurance, asset management and financial services sectors, and the Director of Corporate Development for Putnam Investments, a Boston-based asset management company. Manning has a BS in Mathematical Economics and a BA in English, Summa Cum Laude, from Wake Forest University. Manning has a JD, Magna Cum Laude, from the Northwestern School of Law, and an MM, With Distinction, from the Kellogg Graduate School of Management. Manning was a 1998 Henry Luce Scholar and spent that year helping the Development Bank of Singapore acquire and recapitalize banks in Southeast Asia in the aftermath of the Asian financial crisis.

Portrait of Robert A. Vanosky
Robert A. Vanosky
Director; Chair of Human Resources Committee and Member, Audit Committee, Nominating and Governance Committee, and Risk Committee

Robert Vanosky has a depth of experience and a long history in municipal finance. Mr. Vanosky retired from RBC Dain Rauscher in 2004, where he served as the head of the firm’s National Public Finance practice and a member of the Management Committee. He began his career in municipal finance with Rauscher Pierce Refsnes in 1972. During his career, he held a series of positions ultimately leading the firm’s Fixed Income and Public Finance Divisions and serving on its Executive Committee. In 2001, the Royal Bank of Canada acquired Dain Rauscher forming RBC Dain Rauscher. Mr. Vanosky served on Board of Directors of The Bond Market Association, chaired its Municipal Securities Division and served as a member of its Regional Firm Advisory Council. He is also a past Board Member of the Municipal Securities Rulemaking Board; past Chairman of the Municipal Advisory Council of Texas; past Board Member of the Arizona Higher Education loan Authority and Dallas Symphony Orchestra. He currently is a private investor and serves on the Board of The Rancho Santa Fe Foundation. He is a graduate of Arizona State University.

Portrait of John White
John White
Director; Member, Audit Committee, Human Resources Committee, Investment Committee, Nominating & Governance Committee, and Risk Committee

John White serves as a Managing Director, Chairman, and a member of the Board of Directors for the PFM Group, which is a leading provider of independent financial advisory services and asset management to public sector and not-for-profit clients across the US. He previously served PFM as its Chief Executive Officer for more than 30 years, until the conclusion of 2011. Prior to joining PFM in 1980, Mr. White held policy-making positions in various aspects of local, state and federal governments, including serving as director of the transition staff when Congressman William Green was elected Mayor of Philadelphia, and later as a transition advisor to Edward G. Rendell when he was elected Mayor of Philadelphia in 1991 and Governor of Pennsylvania in 2002. Mr. White was educated at The William Penn Charter School, where he currently serves as Treasurer of the Board of Overseers. He is a graduate of Muhlenberg College. In the past he has been a member of the Boards of the Philadelphia Chamber of Commerce and the Kimmel Center for the Performing Arts as well as Chair of the Philadelphia Zoning Board.

EXECUTIVE OFFICERS
Portrait of Robert P. Cochran
Robert P. Cochran
Managing Director and Chairman of the Board; Member, Nominating and Governance Committee

Bob Cochran co-founded Build America Mutual Assurance Company, the first mutual municipal bond insurer, in July 2012. Prior to that, he was a co-founder of Financial Security Assurance (FSA) and was CEO from 1990 to 2009 (NYSE: FSA from 1994 to 2000). On joining FSA in 1985, he headed the Financial Guaranty Department and, in that role, led the Company in establishing its underwriting and risk management criteria. In 1990, the board appointed him Chief Executive Officer, successor to Jim Lopp, FSA's principal founder. He also chaired the Association of Financial Guaranty Insurers from 2001 to 2002. Mr. Cochran joined FSA from the law firm Kutak Rock, where he was a public finance lawyer and Managing Partner of the Washington, DC office. In July 2013, Bob was named to the Board of Directors of the Municipal Securities Rulemaking Board (MSRB). He graduated from Centre College (BA,'71) and Duke University School of Law (JD), followed by a federal judicial clerkship for Judge Pierce Lively (6th Circuit Court of Appeals).

Portrait of Seán W. McCarthy
Seán W. McCarthy
Managing Director and Chief Executive Officer; Member, Investment Committee and Risk Committee

Seán McCarthy co-founded Build America Mutual Assurance Company, the first mutual municipal bond insurer, in July 2012. Prior to that, he was President and Chief Operating Officer (COO) of Assured Guaranty (NYSE: AGO), following its acquisition of Financial Security Assurance (FSA) in July 2009. He was formerly President and COO of FSA. Mr. McCarthy joined FSA in 1988 as head of the Asia-Pacific business, opening that market for public finance. He subsequently headed all business groups prior to becoming COO and, in that position, was instrumental in developing the necessary resources for FSA to enter the municipal business in 1990. He also chaired the Association of Financial Guaranty Insurers from 2006 to 2011. In earlier positions, Mr. McCarthy was a vice-president in the municipal group of PaineWebber and served at E. F. Hutton in the public finance group. He graduated from Georgetown University (BA,1982).

SENIOR MANAGEMENT
Portrait of Suzanne Finnegan
Suzanne Finnegan
Chief Credit Officer

Suzanne Finnegan has responsibility for underwriting approval of all transactions for insurance. Prior to joining BAM, she was Executive Vice President at Wells Fargo Bank, N.A., where she was the Senior Credit Officer overseeing credit transactions in the Government Banking segment. From 1990 to 2004, she was the Chief Municipal Underwriting Officer at FSA, responsible for domestic municipal finance underwriting, and was Chair of the Municipal Underwriting Committee. Prior to joining FSA, she was Vice President and Manager of the General Surveillance Department at MBIA and earlier supervised MBIA's Special Tax and Leasing Group. She previously worked in the Public Finance Division of Marine Midland Bank and in the Municipal Research Group at Oppenheimer & Co. Suzanne is a past Chairperson of the Board of Directors of the Association for Governmental Leasing and Finance. She is a member of the National Federation of Municipal Analysts, the Southern Municipal Analysts Society, and the Municipal Analysts Group of New York. She received a Bachelor of Science degree from St. John's University and an M.B.A. from Fordham University.

Portrait of Richard G. Holzinger
Richard G. Holzinger
Head of Investor Relations

Rick Holzinger manages investor relations for BAM. Rick has been a participant in the fixed income markets for over 25 years, and joined BAM in 2012 from FTI Consulting Inc., where he established a Structured Finance advisory business. Before that, from 2004 to 2008, he was Managing Director of the Corporate Finance Group at Financial Security Assurance (“FSA”). He joined FSA in 1996 as Head of its Asia-Pacific business, where he oversaw all of FSA’s products in Asia, including infrastructure in Australia. Prior to joining FSA, Rick was a Managing Director in the Securitization and Project Finance group at Bankers Trust Company in Hong Kong and New York. Earlier positions included developing project and lease financings at PaineWebber, Inc. and an Associate position at Dewey, Balantine, Bushby Palmer and Wood. He holds a B.A. in Government and Economics from Harvard University and a J.D., with honors, from the University of Texas School of Law at Austin.

Portrait of Daniel Keating
Daniel Keating
Senior Managing Director, Municipal Markets

Dan Keating is BAM's senior managing director, municipal markets, and focuses on identifying opportunities to use BAM's guaranty to improve municipal market liquidity. His 35-year career in municipals includes experience in sales, trading, underwriting, and public finance. Prior to joining BAM, he was Chief Operating Officer for Samuel A. Ramirez & Co., a full-service brokerage firm in Manhattan, and earlier was in charge of tax-exempt products for Bear Stearns & Co. He is a former chairman of the Municipal Securities Rulemaking Board and a past chairman of the municipal division of The Bond Market Association (now SIFMA). Mr. Keating is a graduate of St. Peter's College.

Portrait of Elizabeth (Beth) Keys
Elizabeth (Beth) Keys
Chief Financial Officer

Beth Keys manages financial planning, reporting, accounting, and tax and treasury operations. Prior to joining BAM, she was Vice President and Chief Financial Officer (CFO) of Guy Carpenter and, before that, Senior Vice President and CFO of Syncora Holdings Ltd. At Syncora, she also served as Senior Vice President and CFO of Syncora Guarantee from 2005 to 2006, where she led the Finance function and was responsible for internal and external financial reporting and leading the annual budget and business planning process. Her earlier work experience includes financial positions with General Motors, the last of which was Controller of GMAC Commercial Finance. She has a B.S. in accounting from Boston College's Wallace E. Carroll School of Management and a M.B.A. from M.I.T.'s Alfred P. Sloan School of Management.

Portrait of Laura Levenstein
Laura Levenstein
Chief Risk Officer

As Head of Risk Management, Laura Levenstein has responsibility for BAM's risk management strategy and its oversight, including acting as chair of the Enterprise Risk Committee. Laura also serves on the Management, Underwriting and Credit Policy and Surveillance Committees. Before joining BAM, she was Senior Managing Director for Global Public, Project and Infrastructure Finance, which includes US public finance, global sub-sovereign, sovereign, project and infrastructure finance, at Moody's Investors Service. In that position, as part of the evaluation of the various rated entities, she was responsible for evaluating all types of risk in these sectors to the extent it could impact the entities' credit profiles. Laura was also responsible for managing all aspects of the rating business relevant to those sectors including, rating assignment, rating methodologies, process operations, strategy, financial performance, rating quality and reputational risks. Prior positions in her over 20-year career at Moody's included Senior Managing Director for Americas and Global Financial Institutions. Laura holds a B.A. in Mathematics from Cornell University.

Portrait of Alex Makowski
Alex Makowski
General Counsel

As General Counsel, Alex Makowski oversees legal and regulatory affairs and related corporate projects. Prior to joining BAM, he was a Managing Director at Financial Security Assurance (FSA) and later worked for Assured Guaranty, which acquired FSA in July 2009. At FSA and Assured, he played a major role in the workout of troubled municipal, international and asset-backed credits. Prior to joining FSA in 1995, he spent five years at The First Boston Corporation, where he was a Director focusing on corporate real estate. He began his legal career as an Associate in Cravath, Swaine & Moore's corporate law department. Alex has a B. Sc. from the Massachusetts Institute of Technology and a J.D. from Harvard University, where he was an Editor of the Harvard Law Review.

Portrait of David W. McIntyre, Ph.D.
David W. McIntyre, Ph.D.
Chief Technology Officer

David McIntyre leads systems development and internet technology functions at BAM. Prior to joining the company, he served as Managing Director and Global Head of Development Standards and Control at BlackRock from 2007 through 2011 and, previously, from 1997 through 2003. Before returning to BlackRock, he served as Chief Technology Officer of Data Oxygen, a subsidiary of Orbis Financial. Prior to that, he was a Director at Credit Suisse and Iris Financial Engineering. He holds a Ph.D. in Computer Science from Rensselaer Polytechnic Institute, and a B.A. in Computer Science/Physics from Drew University.

Portrait of Michael J. Moriarty
Michael J. Moriarty
Head of Regulatory Oversight and Compliance

Michael Moriarty is responsible for BAM's regulatory oversight and compliance. Prior to joining BAM, he was a Managing Director at the Promontory Financial Group, where he assisted clients in insurance and reinsurance matters from both a regulatory and financial perspective. Before that he was the Deputy Superintendent of Property and Capital Markets for the New York State Insurance Department, which he served for more than 30 years in a number of senior positions. Additionally, he is certified as an Associate in Reinsurance and an Associate in Insurance Accounting and Finance by the Insurance Institute of America and as an Insurance Examiner by the Insurance Regulatory Examiners Society. He holds a B.S. degree from Queens College, CUNY, where he majored in Accounting.

Portrait of Paul Nicholas
Paul Nicholas
Vice President, Enterprise Risk Management

Paul Nicholas leads BAM's Enterprise Risk Management function, including the ongoing development and use of the Internal Capital Model, and helps BAM maintain an ERM framework that is best in class in the industry. Prior to joining BAM, he was a Senior Consultant in Aon's Actuarial and Analytics consulting practice. In this role, Paul worked with insurers to develop, enhance and validate capital models used for a variety of internal and regulatory purposes, and to develop and run stress and scenario tests for internal risk management and ORSA. He also worked with banks on all aspects of their operational risk management frameworks, including AMA capital model and CCAR stress testing model development, risk identification and scenario analysis. Before joining Aon, Paul was an Actuarial Analyst at Whittington Capital Management (now Asta), where he helped to develop capital models for a number of managed syndicates as part of Lloyd's of London's Solvency II implementation program. Paul is a Fellow of the Institute and Faculty of Actuaries, and a Member of the American Academy of Actuaries. He has a Master's degree in Mathematics and Physics from the University of Warwick.

Portrait of Scott C. Richbourg
Scott C. Richbourg
Head of Public Finance

Scott Richbourg manages the Public Finance Department. Prior to joining BAM, he was Executive Director and Manager of the Southern Group for Public Finance at Morgan Stanley with responsibility for all municipal underwriting activity in the region. Before that, he was Managing Director of the U.S. Municipal Finance Department at FSA, which he joined in 2001. In the position, he was the head of strategic planning, business development and underwriting across all financial guaranty sectors of the municipal market, including both primary and secondary issues. Earlier, he was Vice President and Co-Head of the Infrastructure Group at Goldman Sachs and an investment banker at PaineWebber. He holds a B.A. in Economics from James Madison University.

Portrait of Michael Stanton
Michael Stanton
Head of Corporate Strategy and Communications

Mike Stanton is in charge of developing strategy and directing communications. He joined BAM from SourceMedia, where he was Senior Vice President for Capital Markets, managing a group of four major publications, including The Bond Buyer, the company's flagship municipal finance daily newspaper and website. He joined The Bond Buyer as a reporter in 1995 and served in multiple positions with the newspaper and its parent, including Editor-in-Chief and Publisher. During the course of his career, he has been responsible for business and product development, including managing the ongoing transition of the group's audiences from print to online delivery platforms. Under his watch, the group launched several innovative products and events, most notably the Rapidata service to quickly disseminate economic news and Municipal Finance Today, a new website serving U.S. government finance officers with news about cash-management, budgeting and accounting practices and HR issues. He is a graduate of Columbia University and received an MBA from Harvard Business School.

Portrait of Michael Weinstein
Michael Weinstein
Head of Surveillance

Michael Weinstein manages municipal surveillance, including systems design and data acquisition to facilitate the credit and surveillance functions. He joined BAM at its inception in July 2012 as a Vice President in Municipal Surveillance. Before joining BAM, he was an equity analyst at CLSA Asia-Pacific Markets. Previously to that, he was an Assistant Vice President at Financial Security Assurance (FSA) and later Assured Guaranty (which acquired FSA in July 2009). Michael holds an B.A. from Duke University and an M.B.A. with Distinction from New York University’s Stern School of Business.

MUNICIPAL UNDERWRITING TEAM
Portrait of Scott C. Richbourg
Scott C. Richbourg
Head of Public Finance

Scott Richbourg manages the Public Finance Department. Prior to joining BAM, he was Executive Director and Manager of the Southern Group for Public Finance at Morgan Stanley with responsibility for all municipal underwriting activity in the region. Before that, he was Managing Director of the U.S. Municipal Finance Department at FSA, which he joined in 2001. In the position, he was the head of strategic planning, business development and underwriting across all financial guaranty sectors of the municipal market, including both primary and secondary issues. Earlier, he was Vice President and Co-Head of the Infrastructure Group at Goldman Sachs and an investment banker at PaineWebber. He holds a B.A. in Economics from James Madison University.

Portrait of Don Farrell
Don Farrell
Managing Vice President and Head of East Region

Don Farrell manages the Municipal Finance Underwriting Group in the Eastern Region for BAM. Prior to joining BAM, he was Managing Director and Head of Public Finance for Assured Guaranty, covering the same geographic area. Before that, he worked at Ambac for 17 years, where he was involved in all aspects of municipal transaction underwriting, including pricing and client relationship management. He holds a B.B.A. in Accounting from Pace University.

Portrait of Scott Sollers
Scott Sollers
Managing Vice President and Head of West Region

Scott Sollers manages the 18-state Western Region for BAM's public finance group, based in the San Francisco office. A veteran municipal bond investment banker, he was previously a managing director at Stifel Nicolaus & Co. He was Chairman of Stone & Youngberg, the largest California-based underwriter of municipal bonds, prior to that firm's acquisition by Stifel in 2011. He is also a former Chairman of the Municipal Securities Rulemaking Board.

Portrait of Jeffrey Fried
Jeffrey Fried
Deputy General Counsel

Jeffrey Fried joined BAM from the Edwards Wildman Palmer Law Firm, where he was a Partner and the Senior Legal Risk Manager for the firm's Public Finance Practice. From 2007 to 2011, he was a Partner at Greenberg Traurig, where he helped to establish a national public infrastructure practice focused on municipal finance, public-private partnerships and regional public finance underwritings. Before that, he served as a Senior Managing Director and Group Head in Public Finance at FGIC and earlier was General Counsel, Public Finance and General Counsel, AFSLP at AMBAC. He has a B.S. from State University of New York at Albany and a J.D. from the Fordham School of Law.

Portrait of Bryan Baebler
Bryan Baebler
Managing Vice President, Head of Capital Markets

Bryan Baebler is Head of Capital Markets, responsible for primary and secondary markets business. He joined BAM in April 2013 from Barclays, where he was a Vice President on the Municipal Primary Syndicate Desk for three years. Prior to that, he was a Short-Term Municipal Securities Trader at Barclays/Lehman Brothers and before that a Municipal Securities Trader in the Fixed Income Group at Vanguard Group. Bryan earned his B.S. in Applied Economics and Management at Cornell University in Ithaca, NY.

Portrait of Mark Capell
Mark Capell
Managing Vice President, Public Finance, West Region

Mark Capell is a senior underwriter at BAM, covering the Western Region. Prior to joining BAM, he was a Director of Assured Guaranty, Western States, and, prior to that, he held a similar position at FSA. Earlier, he was a Director a Fitch Ratings 1998 through 2004. He holds a B.A. from U.C. Davis and a Masters in Public Administration from the University of Southern California.

Portrait of Jill Greiss
Jill Greiss
Senior Counsel

Jill is a senior member of BAM's legal team. She joined BAM from FGIC, where she was Director and Senior Counsel. Prior to joining FGIC in 2004, she served as Vice President and Assistant General Counsel at AMBAC and, prior to that was a Partner at Orrick, Herrington & Sutcliffe, where she was a counsel to sponsors and advisors of unit investment trusts and mutual funds and a bond counsel and underwriters' counsel in municipal transactions. Earlier she was an attorney at Hawkins, Delafield & Wood and an Assistant Counsel at The Equitable Life Assurance Society of the United States. She got her undergraduate degree at Georgetown University and J.D. from the Georgetown University Law Center.

Portrait of Hans Hanf
Hans Hanf
Head of Municipal Market Relations

Hans Hanf manages BAM's competitive bid and secondary market desks. He joined BAM from Chapdelaine & Co., where he was Manager of Municipal Business Development. Prior to joining Chapdelaine in 2003, he was Vice President of the Bond Market Association, directing its regional dealer program. Before that, he served as Senior Vice President of The GMS Group, Inc., where he facilitated tax exempt and taxable trades. In an earlier position, he managed high yield and taxable municipals at Prudential Securities. He is a former board member of the Bond Club of New York. He graduated from Rutgers University, School of Business with a Bachelor of Arts degree.

Portrait of Alexis Platis
Alexis Platis
Vice President, Public Finance, East Region

Alexis Platis is a senior underwriter in BAM's Eastern Regional Group. She joined BAM in 2012 from Assured Guaranty, where she was an assistant vice president in public finance, and began her career in the municipal bond insurance industry at CIFG. She is a graduate of Vassar College and earned a Master's Degree in Public Administration from New York University.

Portrait of Les Richmond
Les Richmond
Vice President and Actuary

Les Richmond's role in our credit underwriting group is to evaluate the pension plans and liabilities of the municipal entities BAM guarantees. Prior to joining BAM, he was with Hay Group, where he was a Senior Principal and recently the Project Leader of a four-year engagement to audit the five New York City Retirement Systems. He also conducted special pension studies for the New York City Office of the Comptroller. Prior to that, he was a Senior Vice President of Aon Consulting, which he joined in 1986, with responsibility for providing actuarial consulting on post-retirement health and life insurance benefits and pensions. He is an Associate of the Society of Actuaries and an Enrolled Actuary. He is also a member of the American Academy of Actuaries, Fellow of the Conference of Consulting Actuaries and a member of the American Society of Pension Professionals and Actuaries. He holds a B.A. in Mathematics from Rutgers College.

Portrait of Jill Schmidt
Jill Schmidt
Vice President, Public Finance, East Region

Jill Schmidt is a senior underwriter in BAM’s Eastern Regional Group. She joins BAM from Assured Guaranty, where she was a Vice President in Public Finance. Prior to joining Assured Guaranty in June of 2010, she was a Director in the Global Power Group at Fitch Ratings. Before that, she spent five years at FGIC, where she was a Vice President, Surveillance and prior to that, she was a research analyst at Moody’s Investors Service, Inc. She is a graduate of Clarkson University and holds a Master’s Degree in Business Administration from Baruch College. She is a member of the Municipal Analysts Group of New York, the National Federation of Municipal Analysts and Women in Public Finance.

Portrait of Brian Siper
Brian Siper
Associate Counsel

Brian Siper joined BAM from Assured Guaranty, where he held a series of positions, including Counsel in the Public Finance area. Prior to that, Brian was Senior Counsel and Director of Public Finance and Project Finance North America at Financial Guaranty Insurance Company, and before that an Associate at King & Spalding LLP. He earned a B.A. from Binghamton University and a J.D. from the Albany Law School of Union University.

Portrait of Howard Spumberg
Howard Spumberg
Managing Vice President, Public Finance, East Region

Howard Spumberg is a senior underwriter in BAM's Eastern Regional Group. He comes to BAM from Assured Guaranty, where he was a Director in the Public Finance Group, and, prior to that, held the same position at FSA. Prior to joining FSA in 1998, he was Associate Director of Public Finance Ratings for S&P, where he recommended ratings for a wide variety of tax-backed and revenue supported debt obligations. Earlier, he was a Municipal Bond Evaluator and Research Analyst at J.J. Kenny Co., Inc. He has a B.S. degree in Business Administration from Bucknell University and an MBA in Finance from Fordham University.

Portrait of Juliet Stiehl
Juliet Stiehl
Managing Vice President, Public Finance, East Region

Juliet Stiehl is a senior underwriter in BAM's Eastern Region Group. She joins BAM from Assured Guaranty, where she was a Vice President in Public Finance Group. She joined Assured Guaranty after it acquired FSA, where she was an Assistant Vice President and credit analyst, evaluating municipal sectors within the Northeast. She holds an B.A. in Government from Harvard University.

Portrait of Todd E. Tomich
Todd E. Tomich
Managing Vice President, Public Finance, West Region

Todd Tomich is a senior underwriter in the Public Finance Underwriting Group. He joined BAM from Assured Guaranty, where he was a Vice President in the International Infrastructure and Public Finance Group, underwriting transactions that included P3s, utilities, airports and toll roads. Prior to that he held similar positions with FSA, which he joined in 2004 as an Associate. Before joining FSA, Todd served as an aide to US Senator Jon Corzine of New Jersey and held credit analyst positions with The Alison Company in Newport Beach, California and Merrill Lynch's private client group in New Haven, Connecticut. Todd graduated from Yale University with a B.A. in Economics.

Portrait of Greg Pacifico
Greg Pacifico
Vice President, Public Finance, East Region

Greg Pacifico is a senior underwriter in BAM’s Eastern Regional Group. He joined BAM in 2012 from Assured Guaranty, where he was an analyst in the Public Finance Group. He is a graduate of New York University with a B.A. in Economics.

Portrait of Alexander Vaisman
Alexander Vaisman
Vice President, Public Finance, West Region

Alexander Vaisman is a senior underwriter in the Public Finance Underwriting Group and covers the Western Region. Prior to joining BAM, he was an Associate Director in the U.S. Public Finance Group at Fitch Ratings. Alexander is a graduate of Macaulay Honors College at Hunter College and earned a Master’s Degree in Public Administration from the Robert F. Wagner Graduate School of Public Service at New York University.