David Rubin Named to Governor Rendell's Transition Team; Los Angeles-Based Investment Advisor to Serve on Revenue Team.Business Editors/Political Writers LOS ANGELES--(BUSINESS WIRE)--Jan. 7, 2003 Newly elected Pennsylvania Governor Edward G. Rendell has named Los Angeles-based Advisor David Rubin David C. Rubin is Professor of Psychology at Duke University. He is known for his work on the reminiscence bump as well as other topics related to autobiographical memory. David Joshua Rubin University of Michigan Beachwood,Ohio. to the Governor's Transition Team. Rubin begins his service in January 2003, serving on the Department of Revenue Transition Team. As Governor-Elect in 2002 and taking office in 2003, Rendell created a Transition Team to help facilitate the smooth implementation of his administration's policies and goals. "My intention is to recruit the best and the brightest professionals to help develop recommendations for my new administration," Rendell said. "We are very pleased to have David Rubin as a part of our team," he added. Rubin is one of the nation's most respected innovators of capital market products and municipal reserve strategies. He is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. specializing in revenue enhancement revenue enhancement An increase in revenues, especially by way of increased taxes. Revenue enhancement includes reducing taxpayer deductions and eliminating tax credits. measures for local and state government. Rubin pioneered, among other instruments, the now standardized Guaranteed Investment Contract Guaranteed investment contract (GIC) A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment. as well as the use of interest rate swaps Interest Rate Swap A deal between banks or companies where borrowers switch floating-rate loans for fixed rate loans in another country. These can be either the same or different currencies. , and has negotiated over $100 billion in transactions. He also serves as a Commissioner of the Housing Authority of the City of Los Angeles The Housing Authority of the City of Los Angeles is the public housing agency for Los Angeles, California. It was founded in 1938. There are more than 60 public housing locations in Los Angeles. , appointed last year by Los Angeles Mayor James K. Hahn. "It is very flattering to have the opportunity to help Governor Rendell and the State of Pennsylvania achieve greater fiscal efficiency," Rubin said. Rubin will serve on the Task Force to develop strategies that more accurately incorporate the cost of debt of all the departments into the State's overall budget consideration. "Our goal is to mitigate the debt and create a fiscally stronger environment," Rubin explained. Editor's Note: For further information or to arrange interviews, contact Scott Regberg at Regberg & Associates, Inc., 310/475-5735. |
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