George K. Baum & Company Successfully Launches Tender Option Bond ("TOB") Trust Administration Business with More Than $2 Billion of Bonds Under Management

Nov 16, 2016, 08:00 ET from George K. Baum & Company

DENVER, Nov. 16, 2016 /PRNewswire/ -- Since 1928, George K. Baum & Company ("GKB") has established a legacy of new product development to help provide the best funding and service possible. GKB's Specialty Financial Products Desk has more than 65 years of municipal industry experience with the expertise, program longevity and contingency planning necessary to gain traction in the TOB Trust Administration business. Ed Stasen, TOB veteran and head of GKB's TOB Trust Administration business, joined the group as a Senior Vice President in November of 2015. Mr. Stasen has applied his vast expertise and skill-set to the growth of GKB's newest business venture.

"As a veteran in the TOB space, I look forward to utilizing my extensive experience in product innovation, structuring, executing and managing of trusts," said Senior Vice President, Ed Stasen

George K. Baum & Company has coordinated the closing and administration of conversions for Volcker Rule compliance, new trusts and bond-adds to existing trusts. GKB has converted both tax-exempt and taxable trust structures, and uses an in-house proprietary database to serve all of our clients' needs.

"We are excited to provide first-class service to this segment of the market, particularly to residual holders," said Liz Barber, Executive Vice President and Manager of GKB's Specialty Financial Products Desk.

Founded in 1928, George K. Baum & Company (www.gkbaum.com) is one of the nation's most accomplished privately held investment banking firms and has been at the pinnacle of financing the nation's infrastructure for more than eight decades. GKB is recognized as an industry leader in the structuring, underwriting and marketing of taxable and tax-exempt municipal securities.

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SOURCE George K. Baum & Company



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