Build America Mutual announced the addition of Grant G. Dewey, a former managing director at Citi’s municipal bond division. He will join the mutual municipal bond insurance company with the title of head of municipal capital markets.
“Grant Dewey has spent his career as an advisor to some of the largest investors in the municipal market,” said Seán W. McCarthy, BAM’s CEO. “He understands their needs instinctively and is the ideal person to identify new opportunities where BAM’s guaranty can add value to investment portfolios and educate the market about how to take advantage of them.”
Dewey brings more than 30 years’ experience in municipal institutional sales, serving a wide range of investors, including commercial bank portfolios, mutual funds, credit hedge funds and investment advisors, and will focus on expanding investor demand for BAM’s guaranty. He will report to McCarthy.
“The value of BAM’s guaranty is obvious from its impressive track record of growth,” said Dewey. “Throughout my career, I have witnessed the role that bond insurance plays in making the market more efficient for issuers and investors, and I look forward to joining the BAM team and educating a broad range of investors about how BAM’s financial strength, durable ratings, and commitment to transparency can benefit their portfolios.”