Bennett J. Johnson III Joins PFM’s Chicago Office as Senior Managing Consultant
Bennett Johnson brings over 13 years of experience in municipal finance and new business development to his position at PFM. He served for a total of 4-1/2 years in the City of Chicago’s Office of Budget & Management and its Department of Finance. As Budget Director from July 2007-December 2008, he was responsible for preparing and executing the City’s annual operating budget and capital budget as well as leading the City’s performance management sessions. He championed the stabilization of revenues and significant cost reduction during the downturn of 2008, and managed scarce resources to help close the City’s budget deficits.
Immediately prior to joining PFM, Mr. Johnson was a Principal with the Electronic Knowledge Interchange Company, where he established the firm’s New York office and in challenging economic times, helped the company achieve its best year ever. As a Managing Director for A.C. Advisory/Alta Capital Group from 2003-2007, he facilitated documentation, pricing, and closing for over $34 billion of municipal bond issues.
“We are extremely pleased to have a professional with Bennett’s broad background join PFM as we build for the future,” said PFM CEO F. John White. “We are looking forward to his contributions to our continued growth in the Chicago marketplace,” Mr. White added.
Jill Jaworski, the PFM Managing Director in charge of the Chicago office, echoed that thought. “I know that Bennett is eager to make his own contribution to PFM’s growth in this market and across the country, and we believe that his talents, as well as his relevant experience, will be a very positive addition to our office and the service we are able to offer our clients.”
Bennett J. Johnson III is a graduate of Harvard University, and holds a Master’s Degree from the London School of Economics. He has served on numerous community boards, and has been a frequent speaker at industry conferences.
PFM currently employs more than 430 professionals serving a broad base of clients from 34 offices located in every region of the country. The firm is well respected for providing clients with independent advisory services free of conflicts in their dealings with the capital markets. At the end of the second quarter of 2010, Public Financial Management retained its position as the top ranked financial advisor in the nation in overall new issues. In the first half of 2010, PFM advised clients on $27.2 billion of total debt in 467 separate transactions. In addition, at June 30, 2010, PFM Asset Management LLC had $35.7 billion in assets under management for state and local governments and non-profit institutions, and provided non-discretionary advice for an additional $2.2 billion in fixed income securities.
