Diehl to Oversee Rhode Island Infrastructure Bank
Veteran banker Jeffrey Diehl is the new director of the Rhode Island Infrastructure Bank.
Diehl, who began on March 28, most recently was a managing partner at financial consulting firm Strategic Sovereign Advisors LLC. Previously, he was U.S. public sector vice chairman, global head of public sector banking and global head of public sector capital markets at HSBC.
He will succeed interim executive director Joe Dewhirst, under whom the Infrastructure Bank and the state's Office of Energy Resources announced a list of energy efficiency and renewable energy projects that are eligible for financing through the efficient buildings fund.
State officials say these projects will reduce energy consumption by municipalities and school districts, reduce related costs even after financing, and create jobs for Rhode Island.
Dewhirst played a key role in the bank's refinancing of Pawtucket Water Supply Board bonds that will save customers $9.8 million in future debt service, officials said.
Diehl holds bachelor of arts and masters of business administration degrees from the University of Michigan.