PIPER JAFFRAY & CO
Managing Director, 2003-2008
Directed Short Term Municipal Trading Desk, including underwriting and trading, while managing an $8 billion short duration securities portfolio, consisting of variable rate and fixed rate securities.
• Grew variable rate portfolio ($6 billion to $8 billion in assets), increasing revenue to $10 million.
• Underwrote $5 billion in new issue municipal notes, variable rate demand notes and auction rate securities in 5 years.
• Created new distribution channels with other securities firms, enhancing product delivery capabilities.
WELLS CAPITAL MANAGEMENT
Senior Portfolio Manager, 1997-2003
Structured and implemented fixed income investment portfolios for corporate and municipal entities.
• Utilized a innovative short duration investment strategy of short term taxable and tax exempt securities to achieve positive alpha returns.
• Increased assets under management from $500 million to $ 3 billion.
• Recognized as key presenter for portfolio performance and investment strategies to current and prospective clients.
NATIONAL CAR RENTAL SYSTEMS, INC
Treasury, 1995-1997
As key member of Treasury team, encompassing all financing activities for company.
• Co-managed $1.1 billion commercial paper program and a $800 million medium term note program providing all the debt capital for the company.
• Directed the $500 million interest rate swap portfolio, including analysis and compliance, lowering the volatility of the capital structure.
• Led the $25 million annual capital expenditure program, providing project analysis and key presentations to senior management.
• Appointed as Chairperson of the headquarter Continuous Improvement Team (a Quality council coordinating process improvement with five regional councils).
• Created development of a vehicle leasing program for National’s licensee network, which lowered licensee fleet financing costs.
PRIOR HISTORY
Previously, at FBS Mortgage Corporation as Senior Mortgage Trader, responsible for the development and execution of mortgage hedging and trading strategies, at Whirlpool Financial Corporation as Director, Syndications, marketed and syndicated asset-based loans to financial institutions, at Heller Financial Corporation as Assistant Vice President, Lease Syndications, syndicated tax advantaged lease transactions to financial institutions, and at ITT Commercial Finance Corporation as Lease Pricing Manager, prepared cash flow and tax analysis for leveraged leasing transactions.