Title: Director and Co-Head of Midwest Practice
Cabray Haines never anticipated a career in public finance before deciding in college that she wanted to be on the more practical side of public policy rather than the academic. She worked for the Federal Reserve Bank of Chicago and Lehman Brothers before joining Barclays.
Cabray has been involved in assisting issuers in Illinois, including Cook County, the city of Chicago, and several area school districts, in overcoming their legacy pension costs so they could obtain higher credit ratings. She covers clients in the Midwest while living in Washington, D.C., with her husband and two small children.
The only constant thing in public finance is change, Cabray said, with more uncertainty on the horizon as state and local entities figure out how to reinvent infrastructure funding.
Cabray was the primary author of Barclays’ proposal to assist Connecticut with a new tax-secured bonding program supported by a dedicated portion of the state’s personal income tax revenues. State officials said Barclays was selected for the program, which is currently being considered by lawmakers, because of her efforts.
State Treasurer Denise Nappier said the bond program would be structured to capitalize on the state’s high wealth levels and insulate the bonds from budget and pension concerns to earn higher credit ratings and lower borrowing costs.
Cabray helped to establish the associate board for Chicago’s Ounce of Prevention Fund that focuses on high-quality early learning as the most effective way to give children in poverty the best chance for success in school and in life. She has been a competitive ice skater since childhood and is currently a member of the DC Edge Synchronized Skating national championship team.
“As her client, I have always found her to be super smart, effective and highly responsive. Cabray really seems to care about the challenges we face and using the powerful public finance tools to help us find solutions that will make life better for our citizens.” Sarah Sanders, Connecticut assistant treasurer for debt management