Municipal bond industry veteran Armand 'Ted' Palatucci has died at 77
Armand Theodore “Ted” Palatucci, 77, a 40-year veteran of the municipal bond industry and U.S. Navy veteran, died on Jan. 19.
A Bronx native, he graduated from Fordham Prep and the U.S. Naval Academy, where he earned a Bachelor of Science degree. He served as a naval aviator in Vietnam aboard the U.S.S. John Hancock.
Mr. Palatucci’s post-military service led him to a career on Wall Street, nearly all of it in the municipal bond industry.
Most recently he was a partner at Andres Capital Management LLC in Berwyn, Pennsylvania, a fixed income advisory firm specializing in municipal bonds, high-grade corporate bonds and high yield. He was one of the firm's founders in 2015.
Previously, he worked for a decade each at NW Capital Markets as a senior vice president of institutional sales, and at Merrill Lynch & Co. as a managing director and manager of municipal sales and trading. He later worked as a senior vice president at both Dolphin & Bradbury as a manager of trading and institutional sales and at Blythe Eastman Dillon.
Mr. Palatucci served on several key industry committees including the Financial Industry Regulatory Authority’s trading and underwriting committee. He was also instrumental in working with the Chicago Board of Trade in developing the municipal futures contract; developing the first municipal bond interest rate swap book in the mid 1980s; and paving the way for minority firms to participate more fully in new-issue underwriting by changing the order book priority system.
He was a longtime member of the Bond Club of Philadelphia, serving on its board in the early 2000s and as president in 2008. He also was instrumental in the formation of the club’s Scholarship Fund.
He was also a member of the Municipal Bond Club of Philadelphia.
Mr. Palatucci and his wife of over 40 years, Priscilla, lived in Summit, New Jersey, before settling in the Philadelphia suburbs.
He was a member of St. Mary Magdalene Church in Media, Pennsylvania. He was an avid golfer, an accomplished woodworker, a private charter pilot in Florida, and a passionate fan of the New York Yankees, New York Giants and Navy football.
He loved spending time with his English sheepdog, Bogey.
Mr. Palatucci is survived by his son Ted Palatucci Jr., and his brothers, Richard, Joseph, and Fr. John Palatucci.
His remains will be laid in the Naval Academy Columbarium.