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The Philadelphia Council for Business Economics
A Chapter of NABE
is pleased to present
Thomas Doe, CEO
Municipal Market Advisors
John Mousseau, Managing Director
Cumberland Advisors
Presentation: "Municipal Securities Outlook"
Thomas G. Doe is Founder and CEO of Municipal Market Advisors (MMA), an inde-pendent research and strategy firm serving leading participants in the fixed-income industry. Founded in 1995, MMA provides consulting services, benchmark data and subscription research reports to a diverse client base of dealers, investors and issuers engaged in the tax-exempt market. MMA also counsels and advises trade associations, US and foreign central banks, regu-lators and Congressional leaders in order to improve industry operations. More than 200 media outlets have cited MMA for its definitive, independent and credible assessment of market conditions and issues as well as its crea-tive ideas for solutions and improvement. The firm’s main location is in Concord, MA and has offices in Bradenton, FL, Chatham, NJ, Westport, CT and Washington, DC.
Mr. Doe has addressed all the leading groups in the municipal industry. His insight, integrity, candor and historical context is sought to establish a clear perspective of current conditions impacting investors and issuers in the mu-nicipal cash and derivative markets. In March 2009, Mr. Doe testified before the Senate Banking Committee on the future of municipal regulation and the state of the industry and in December 2010, he appeared before the Securities Exchange Commission (SEC) on the market’s stability and liquidity. On January 20, 2011, he represented the industry in a CNBC interview to accurately define market credit risks in response to Meredith Whitney’s dire municipal default projection. Most recently, in February, Mr. Doe presented at the National Governors Association’s winter meeting regarding the state of public finance.
John Mousseau, CFA, is a Managing Director and responsible for Cumberland Advisors’ municipal bond portfolios, overseeing management as well as research. Mr. Mousseau has over 30 years of investment management experience. Prior to joining Cumberland Advisors, John was a Portfolio Manager and Director of Municipal Bond Investments for Lord Abbett & Company from 1993 to 2000. Before this, he served as First Vice-President and Director of Municipal Portfolio Analysis for Shearson Lehman Brothers and a predecessor firm, E.F. Hutton. from 1981 to 1993.
Mr. Mousseau holds an A.B. degree in economics from Georgetown University and a M.A. degree in economics from Brown University. He is a holder of the Chartered Financial Analyst designation and is a member of the Philadelphia Chapter of Business Economists; the New York Society of Securities Analysts, where he serves on the Society's High Net Worth Investors Committee; and the National Federation of Municipal Analysts (NFMA); and is a past chair of the Municipal Bond Buyers Conference. In addition, he has served as an instructor at the New York Institute of Finance and Bond Market Association.
Date: Wednesday, March 7, 2012
Time: 11:45 am for Federal Reserve Security clearance
12:00 pm - Lunch begins
1:00 pm - Presentation begins
Place: Federal Reserve Bank of Philadelphia
Directions
Ten Independence Mall (Seventh & Arch Streets),
Philadelphia, PA
Cost: PCBE Members - $20.00
GIC/CFAPhila/Bond Club Members - $25.00
Nonmembers - $30.00
Student - $15.00 (with Valid College ID)
Teleconference Option available for those that can't be present
Please Note: Reservations are required and must be made or canceled no later than 12:00 p.m. on the day before the meeting. "No-shows" will be billed.
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All other questions contact.
David Allon, President
Byron Wilson, Vice President
Ralph Giraud, Secretary
Michael Weiss, Treasurer
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