Ron Rumack has recently joined Stern Brothers & Co. as a Managing Director, and is focused on providing investment banking and financial advisory services to VRDO and Commercial Paper issuers across the country. Mr. Rumak has 29 years of banking experience, including over 25 years dedicated to public finance, where he worked closely with a broad range of issuers across the country providing Letters of Credit and Liquidity Facilities to support Variable Rate Demand Obligations and Commercial Paper Notes. Mr. Rumack has substantial experience with Credit Enhancement and Bank Credit Products used by State and Local government issuers, and has spoken at numerous Bond Buyer conferences. Prior to joining Stern Brothers & Co., Mr. Rumack was the Senior Vice President and Team Leader for Sumitomo Mitsui Banking Corporation's Municipal Credit Enhancement group, where he reconstituted SMBC's public finance business. While at SMBC, Mr. Rumack also developed the bank�s Direct Purchase Loan product. Prior to joining SMBC, Mr. Rumack was the Managing Director and Head of Public Finance at Bayerische Hypo-und Vereinsbank (now part of Unicredit) for 10 years, where he built a multi-billion dollar credit enhancement portfolio and oversaw the development of a Tender Option Bond program. Throughout Mr. Rumack�s career, he has developed substantive experience in essential government service sectors, including transit, transportation, water and sewer. He has worked extensively with States, Counties, Cities, School Districts, Governmental Enterprises and Authorities across the nation to facilitate their access to the short term markets. Mr. Rumack spent the early part of his career in California, and began his public finance career in Security Pacific�s Capital Markets Group. He holds a Finance degree from the University of Texas at Austin, and is active in his community, serving as Treasurer for the West Windsor (New Jersey) Parking Authority, and sitting on the board of numerous local youth sports programs, including acting as a Trustee for the Central Jersey Pop Warner Conference and the Football Commissioner of the West Windsor Plainsboro Wildcats.
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