Stern Brothers & Co.
14724 Ventura Blvd.
Sherman Oaks, CA 91403
Richard DeProspo joined Stern Brothers in 2013 as Managing Director and Manager of the firm’s Western Region municipal practice. He has in excess of 30 years of experience with major investment banks in all sectors of public finance including cities, special districts, redevelopment, higher education, non-profits, power and municipal water and sewer.
In recent years, Rich has focused his practice in assisting clients with the financing of pension liabilities, economic development and project finance in the alternative energy space. He is also widely recognized as one of the nation’s leading professionals in higher education finance, with extensive experience in providing financing for small private colleges and large research universities alike. Throughout his career he has held the positions of Senior Vice President of Lehman Brothers, equity partner and Managing Director at Prager, Sealy & Co and De La Rosa & Co., and Managing Director and Head of California Public Finance at Wedbush Securities. Rich has developed a distinguished reputation for his experience in credit-related aspects of clients’ financings, and for his innovation with complex financing plans.
He holds a B.A. from the State University of New York, New Paltz and a M.B.A. in Finance from the State University of New York, Albany and FINRA Series 52, 53, and 63 registration licenses.