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GFOA Names N.Y. MTA Finance Director McCoy President-Elect
Patrick McCoy, the finance director New York’s Metropolitan Transportation Authority, was elected president of the Government Finance Officers Association.
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Devin Brennan and Sarah Rackoff were promoted to partner at Orrick, Herrington & Sutcliffe.
Orrick, Herrington & Sutcliffe has promoted two public finance attorneys to partner. more »
"Our debt levels were going pretty much out of control and we were staring at bankruptcy right in the face," according to New Britain Mayor Erin Stewart.
New Britain, Conn.'s bond rating has soared, thanks to a turnaround led by twentysomething Mayor Erin Stewart. more »
Jon Kaiman, who has chaired Nassau County's fiscal control board since September 2013, is stepping down to run for Congress. more »
Thomas Schuette has been named Partner and Co-Head of Portfolio Management at Gurtin.
Thomas Schuette has been promoted to Partner and Co-Head of Portfolio Management at Gurtin Fixed Income Management LLC, the firm announced on Monday. Schuette's promotion is aimed at bringing the credit research and portfolio management teams closer together. more »
"Their expertise will benefit the entirety of our firm on a national level," Jack Addams, head of public finance at Hilltop Securities said of the firms five hires in the Midwest.
Dallas-based Hilltop Securities has hired five investment bankers in the Midwest, including four from the Edward Jones team that quit doing negotiated deals in 2015. more »
Joseph F. Coleman, a veteran of the municipal bond industry, passed away on Jan. 14. He was 63 years old. more »
Veteran municipal banker Faye J. Boatright has joined Blaylock Beal Van as part of an effort to expand the investment banking firm’s municipal business. more »
Steven Paradise has joined Richards Kibbe & Orbe LLP as a partner in the litigation group, focusing on securities-related cases. more »
Rhode Island Treasurer Seth Magaziner has been named 2016 financial literacy committee chairman for the National Association of State Treasurers. more »
Todd Brewer will rank as vice chair for Orrick's new Texas office. Brewer is bringing the entire McGuire Woods public finance team with him.
The nation's leading bond counsel firm will open its Houston office with five attorneys from two prominent firms in the Bayou City. more »
Veteran Chicago-based bond attorney Thomas Smith has joined the local office of Greenberg Traurig LLP. more »
Chuck Chaplin, who has been with MBIA since 2006, will be retiring from the company effective Jan 1, 2017.
MBIA Inc., the parent company of National Public Finance Guarantee, said Chuck Chaplin will step down March 11 as co-president, chief financial officer and chief administrative officer and will retire from the company effective Jan. 1, 2017. more »
Former Providence Mayor ‘Buddy’ Cianci, who oversaw a revival of Rhode Island’s capital city but also served five years in prison, dies at age 74. more »

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Gerrard Bushell, the new CEO and president for the Dormitory Authority of the State of New York, outlines his goals for one of the nation's leading municipal bond issuers with northeast regional reporter Andrew Coen.

While the SEC's MCDC Initiative has provided some clarity with regard to materiality and confirmed that the reasonable diligence standard of Rule 15c2-12 applies to both negotiated and competitive deals, no clarity has been offered with regard to the extent of the reasonable diligence obligations of those participating in competitive deals, as co-managers, syndicate members or selling dealers. ...

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