Tim Romer Joins Goldman Sachs Municipal Finance

NEW YORK – Goldman, Sachs & Co. today announced that J. Timothy Romer has joined the firm's Municipal Finance department.  Mr. Romer will be based in Los Angeles and work closely with Kathleen Brown, Head of the West Coast region.

The firm also announced that Kerry Rudy and Patrick McCarthy have joined Goldman Sachs as Vice Presidents in the municipal health care group, based in Houston and New York, respectively.

"We are pleased that we continue to attract world-class talent to provide our clients with advice and execution of the highest quality," said Frank Ingrassia, Co-Head of the Municipal Bond department at Goldman Sachs.  "Kathleen Brown and Tim Romer will make a dynamic combination on the West Coast and in California, where financing needs are acute.  Kerry Rudy and Patrick McCarthy will be major assets to our health care clients."

"The addition of these and other professionals, along with a strong pipeline, reflect the continued momentum, growth and commitment of Goldman Sachs in municipal finance," said Rick Kolman, Co-Head of the Municipal Bond department.

Mr. Romer joins Goldman Sachs from Bank of America, where he focused on public real estate and housing transactions.  Previously, he was the CFO of Adexa, Inc., a privately held software company. Mr. Romer joined Adexa after 15 years at Merrill Lynch, where he was a Managing Director and Co-Head of the West Coast public finance business.

Mr. Rudy previously spent 14 years at Lehman Brothers, where he was a Senior Vice President serving municipal clients the Southwest.  In 2000, he moved to PurchasePooling Solutions, a start-up Internet venture, before a brief stint in municipal finance at Morgan Keegan. 

Mr. McCarthy has more than 13 years of experience in municipal finance, specializing in health care for most of his career.  He joined Goldman Sachs from Morgan Stanley, where he had worked since 1998 after four years at Lehman Brothers.

Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.