The Government Development Bank for Puerto Rico has hired commercial bank analyst Todd Hagerman as head of investor relations.
The GDB announced the hire Feb. 6 in a press statement.
Hagerman's position is a new one. He will report directly to GDB president Melba Acosta Febo.
"We are pleased to welcome Todd to the GDB and are confident that Todd's background and experience will prove invaluable in our ongoing efforts to further enhance our dialogue with the island's bondholders," Acosta Febo said. "The addition of Todd to the GDB team will contribute to our continued efforts to maintain strong and productive relationships with the financial community as we continue to promote Puerto Rico's fiscal health and economic growth."
Hagerman will deal directly with current and potential investors for all of Puerto Rico's public sector bonds and notes. He will not deal with the financial press covering Puerto Rico's debt.
Hagerman has worked for 15 years as a commercial banking analyst, focusing on U.S. multinational and regional banks, according to the GDB. Most recently he founded Rockwood Capital LLC, an advisory and investment firm focused on the financial services sector. Previously, Hagerman led Sterne Agee's research coverage of the commercial banking sector.
Hagerman can be reached at
