– USA, NY – BAM Mutual announced the appointment of Tom Vales to its Board as an independent director representing BAM’s municipal issuer members.
About Tom Vales
Tom Vales was formerly the CEO of TMC Bonds, the leading electronic trading platform for municipal bonds, which was acquired by the Intercontinental Exchange in 2019. He currently serves as a Director for InspereX, a fixed-income focused broker-dealer, and as an Independent Trustee for the Axonic Funds. Earlier in his career, Tom Vales was a Managing Director at Bankers Trust and Deutsche Bank.
Tom Vales succeeds John White, who joined BAM’s Board in 2017. He is the former CEO of PFM Financial Advisors and was inducted into The Bond Buyer Municipal Finance Hall of Fame in 2022.
About BAM Mutual
Headquartered in New York, BAM is a mutual bond insurance company operated for the benefit of its members – cities, states, and other municipal entities – that use BAM’s financial guarantee to enhance the credit strength of their bond issues. From inception through September 30, 2024, BAM has insured more than $155 billion of municipal bonds for more than 6,000 issuer-members. BAM-insured bonds are rated AA with a Stable outlook by S&P Global Ratings, and BAM is the preferred provider of bond insurance for members of the National League of Cities.
For more information: https://www.bambonds.com/
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