Bob OBrien is Senior Vice President heading Amalgamated Banks newly created Public Finance Division with an emphasis on lending to distressed municipalities as well as to those municipalities faced with diminished financing options. Established in 1923 by the Amalgamated Clothing Workers of America and now owned by its successor organization, Workers United, Amalgamated Bank is the largest union-owned bank in the United States. Amalgamateds financing efforts in the distressed municipal space are designed to provide municipalities with breathing space while its leaders work through a recovery plan. Our view is that reducing a municipalitys immediate liquidity stress is an important step in potentially improving outcomes for local residents, municipal workers, and the community itself a message consistent with Amalgamateds history of being the bank of working families and local communities.Before joining Amalgamated, OBrien started and headed the public finance group at LBBW, Germanys fifth-largest bank, and he also led the municipal finance credit underwriting efforts of BluePoint Re, a start-up bond reinsurer owned by Wachovia.OBriens experience includes time at Fitch Ratings where he analyzed local municipal issuers and rated municipal structured transactions. He earned an MPA from Columbia University and a BA from the University of Pennsylvania.
Like what you see? Make sure you're getting it all
Employee Benefit News provides the current awareness and insight benefit managers need to select, communicate and manage benefit programs to their employees.