Firm: Public Financial Management
Tyler Old, a director in the Los Angeles office of PFM Financial Advisors LLC, was drawn to public finance.
“It provided a platform to combine my passion for capital markets with what later developed into my personal mission, which is financing critical water infrastructure in the West, all the while surrounded by a
great ‘family’ including both issuer clients and competitors – all of us working toward the same end which is to make our communities better,” Tyler said.
He believes one of the greatest challenges facing the industry is attracting and retaining “young, curious and passionate individuals to work in public finance.”
Tyler also sees through what he called his water infrastructure lens: a challenge in being able to “identify new revenue sources to fund critical infrastructure while managing affordability through the next economic downturn.”
This year, on behalf of the Easter Municipal Water District, Tyler coordinated and shepherded six separate but related transactions from concept to close in less than six months. Each of these transactions involved a number of participants and, according to EMWD’s Debbie Cherney, “Tyler was nothing short of stellar, ensuring all parties were involved, resolving issues and disagreements early to ensure that transactions were completed on time. There were a series of complex moving parts and Tyler capably juggled them all.”
Tyler is a surfer and also volunteers with the Boys and Girls Club.
“Tyler brings a great combination of experiences as an investment banker helping to raise capital for needed infrastructure, together with a keen interest and understanding of the water and wastewater industry, to his work as a municipal advisor. In the year and a half that Tyler has been a municipal advisor, he has developed a significant client base due to these qualities. We anticipate that client base to grow and for Tyler’s influence and leadership to provide great benefits to the industry in the future. A true thought leader … and one to watch!” Debbie Cherney, Eastern Municipal Water District