OPPORTUNITIES

Liability Driven Investments

"Cutwater is a company full of incredibly smart and talented people who treat each other with respect. The work is definitely challenging but it's a collaborative and supportive environment and it's exciting to be part of such a dynamic team."

Michele Palmo joined Cutwater in 2007 and currently oversees the municipal guaranteed investment portfolio as well as the firm's asset-backed and commercial paper conduit portfolios. Michele is also involved in the structuring and marketing of liability driven investment products. Before joining Cutwater, Michele spent 12 years at Scotia Capital as director of public finance and infrastructure, where she gained extensive knowledge of the municipal finance market. While at Scotia, she underwrote letters of credit and liquidity facilities in support of municipal variable rate demand obligations, and was responsible for the analysis and syndication of all municipal credits, including general obligation, utilities, transportation, higher education and not-for-profit healthcare. In addition to credit enhancement, Michele underwrote various facilities supporting Public Private Partnership transactions relating to large infrastructure projects. Michele has a bachelor's degree in accounting and economics from the State University of New York at Brockport and an MBA from the University at Albany.

At Cutwater you will find:

• an energetic and demanding environment where you'll learn, grow and innovate
• a highly reputable firm with favorable market exposure and a global footprint
• a team of fixed-income experts composed of smart, dynamic and collegial people with diverse backgrounds and ideas, who support and challenge each other

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