Stern Brothers & Co.
8000 Maryland Avenue
St. Louis, MO 63105
Ron Rumack joined Stern Brothers & Co. as a Managing Director to focus on providing investment banking and financial advisory services for Variable Rate Demand Obligation and Commercial Paper issuers across the country. Mr. Rumack has 29 years of banking experience, including over 25 years dedicated to public finance, and has worked closely with a broad range of issuers throughout the United States. Mr. Rumack has substantial experience with Credit Enhancement and other 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 in the midst of the financial crisis. 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 his career, Mr. Rumack 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 was a board member 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.