Natalie Cohen

Natalie Cohen is a managing director and Head of Municipal Research, a new coverage area for Wells Fargo’s Global Economics and Research group. She was previously president of National Municipal Research, Inc., an independent consulting and research  company focused on U.S. state and local government finance. Prior to National Municipal Research, she was managing director at Financial Security Assurance, a bond insurance company. She has also held positions in high yield municipal bond insurance at Enhance Financial Service Group, now Radian, and American Capital Access. In addition to bond insurance, Natalie was a vice president at Moody’s Investors Service and supervising analyst at the New York City Office of Management and Budget.Natalie is well-known for her studies and articles about municipal credit risk and bond defaults. While at Enhance Re, she authored the widely distributed “Municipal Default Patterns: a Historical Study.” She also authored and published the monthly trend letter, Fiscal Stress Monitor. The Brookings Institution published her white paper, “Business Location Decision-Making and the Cities: Bringing Companies Back.” More recently the Municipal Finance Journal published “When Market Risk becomes a Credit Factor,” an article about short-term crises. She is a member of the Municipal Analysts Group of New York and the Municipal Forum, has served on the board of the National Federation of Municipal Analysts, and has been a representative to the Government Accounting Standards Advisory Committee.Natalie holds a master of public administration degree from New York University’s Wagner School of Public Service and a BA from Hampshire College.