Richard White
Charlotte,NC
Summary
Accomplished municipal bond trader with over 16 years of expertise at Wells Fargo Bank, excelling in underwriting and liquidity management. Proven track record in market analysis and risk assessment, enhancing portfolio performance and client relationships. Adept at navigating regulatory compliance, driving significant growth in middle market account distribution.
Overview
31
31
years of professional experience
Work History
Subject Matter Expert (SME) Tax-Exempt Municipals
Independent Contractor
Charlotte, NC
04.2018 - Current
- Over 16 years of experience underwriting and remarketing tax-exempt Variable Rate Demand Obligations.
- Extremely knowledgeable with all money market eligible products including VRDO's, Tender Option Bonds, Commercial Paper, Floating Rate Notes (FRNs), Municipal Notes, Windows, etc.
- Gained valuable market experience during the financial crisis of 2008 as the Auction
- Rate market froze and monoline bond insurers and bank credit providers were faced with multiple downgrades.
- Excellent knowledge of the 2a-7 rules surrounding money fund product eligibility.
- Frequent contributor to The Bond Buyer, as it relates to any changes or updates in the tax-exempt VRDN market.
Operations Manager
Stone Services Inc
Chapel Hill, NC
06.2019 - 09.2025
- Supported recovery efforts for a family-owned HVAC business following a devastating tornado, contributing to rebuilding operations.
- Worked with vendors, local municipalities, and customers to ensure the business continued to provide exceptional service.
- Point person for all customer interaction, including billing, scheduling service, and answering any questions.
Director- Municipal Bond Trader
Wells Fargo Bank
Charlotte, NC
01.2009 - 03.2015
- Remarketing agent responsible for underwriting and trading a 25 billion dollar municipal variable rate portfolio.
- Very experienced with bank LOC and liquidity features used on short-term products and how they are used to make those products money market eligible.
- Experienced fixed rate trader for municipal notes and bonds with maturities out to 5 years.
- Increased distribution to middle market accounts by making client visits with salesforce at business locations all over the United States.
Vice President - Municipal Bond Trader
Wachovia
Charlotte, NC
03.2005 - 02.2009
- Market maker for all municipal bonds/notes with maturities out to three years.
- Worked closely with Public Finance bankers to expand relationships with municipal bond issuers.
- Monitored credit environment of challenged municipal credits and bank credit providers to determine which were acceptable for our platform.
Associate- Municipal Bond Trading Assistant
Wachovia
Charlotte, NC
03.2001 - 02.2005
- Provided trade support functions to the municipal money market trading desk.
- Responsible for all aspects of the P/L, security database management and trading support.
Analyst - Back Office Matchedbook Support
First Union
Charlotte, NC
10.1994 - 02.2001
- Responsible for the proper settlement and clearance of all repo trades utilizing the Fed Wire system, DTC and PTC.
- Resolve various problems (DK's, fails, money/security differences) with other broker/dealers as well as problems with individual customer accounts and sales representatives in a timely and accurate manner.
- Work daily in a deadline sensitive, fast paced and high stress atmosphere.
Education
MBA - Business Administration
Clemson University
Clemson, SC, USA01.1994
Bachelor of Science - Economics
North Carolina State University
Raleigh, NC, USA01.1992
Skills
- Underwriting municipal bonds
- Market analysis
- Risk assessment
- Liquidity management
- Regulation compliance
- Portfolio management
Timeline
Operations Manager
Stone Services Inc
06.2019 - 09.2025
Subject Matter Expert (SME) Tax-Exempt Municipals
Independent Contractor
04.2018 - Current
Director- Municipal Bond Trader
Wells Fargo Bank
01.2009 - 03.2015
Vice President - Municipal Bond Trader
Wachovia
03.2005 - 02.2009
Associate- Municipal Bond Trading Assistant
Wachovia
03.2001 - 02.2005
Analyst - Back Office Matchedbook Support
First Union
10.1994 - 02.2001
MBA - Business Administration
Clemson University
Bachelor of Science - Economics
North Carolina State University
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