After spending more than a year and a half trying to launch the Municipal Infrastructure and Assurance Corp., executive vice president Richard Kolman Monday announced that he left the start-up bond insurer to join U.S. Bancorp, which is launching a muni underwriting business.
“Although I still believe in the value of bond insurance and the value of MIAC, the U.S. Bank is presenting me with a terrific opportunity to build a business which will complement their widespread existing client relationships with government, nonprofit, health care, real estate, and commercial banking customers,” Kolman said in an e-mailed statement.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access