Former Fidelity Capital Markets public finance banker Mark T. Kim has joined the New York City comptroller’s office.
Kim began yesterday as assistant comptroller for public finance, working with deputy comptroller for public finance Carol Kostik. The comptroller’s office works with the city’s Office of Management and Budget on bond deals that would total $9.02 billion in fiscal 2011 under Mayor Michael Bloomberg’s proposed budget.
Comptroller John Liu’s office confirmed that Kim had been hired, but did not provide additional information.
Kim worked as a public finance banker in Fidelity’s Chicago office, starting in 2009. As recently as last month, he was listed on the firm’s promotional literature about the new issue bond program for housing finance agencies. Last June, he moderated a panel discussion on Build America Bonds at an Information Management Network public finance conference in Chicago.
Before Fidelity, he worked at Goldman, Sachs & Co. on structured products for roughly four years, sources said. Kim joined Goldman from UBS, which he joined in 2002 as an associate in its national infrastructure group. During his tenure at UBS, he worked on structuring a $622 million refunding for the Long Island Power Authority in connection with a $587 million swaption, according to a UBS report.
Kim earned a Ph.D. in public policy from Harvard University’s John F. Kennedy School of Government in 2002. Before working in public finance, Kim was a lawyer, earning his law degree from Cornell University, and serving as a staff attorney for the Federal Election Commission in Washington, D.C., in the 1990s. He earned his undergraduate degree from Northwestern University in 1991.
Kim is a member of the advisory board of the Korean American Community Foundation, a New York City-based nonprofit that assists Korean immigrants.