Donald Clements

Senior Managing Director, CIO

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Mr. Clements joined Stern Brothers in 2001 and brings considerable experience and perspective from several segments of the financial markets arena. His focus has been to bring greater depth and sophistication to the variable rate demand portfolio and provide the lowest possible borrowing cost to the Firm’s clients. He has been the Head Trader on the Short-Term desk since 2003 and is responsible for all desk operations and sales and trading of all products with put features or maturities of 13 months and less. The Firm’s variable rate demand note portfolio has grown from $600 million to over $3.7 billion during his tenure.

Don is an integral part of short-term finance teams for the firm and has handled a variety of tasks on those teams including new product development, development of new structures and credit substitutions. In addition to his duties related to the short-term desk and remarketing portfolio he works with teams improving work-flow systems and technology throughout the Firm along with various compliance and finance projects.

Previously, Don spent seven years with the Associated Press Financial Markets overseeing national markets new products and data development. Prior to the AP, he spent ten years in the technology/marketing industry where he focused on financial products and technology.

Mr. Clements received his B.A. from the University of Florida. He currently holds FINRA licenses 7, 24, 53, 79 and 63.