Paul S Hoffman

Current

• Managing Director - Fixed Income at East End Wealth Management

Past

• Treasurer at Gibraltar Private Bank and Trust
• Vice President - Fixed Income Currencies and Commodities at Goldman Sachs
• Senior Vice President - Treasurer/Investments at Citizens First Bank

• Senior Financial Analyst at First Empire Securities
• President / Owner at SeaSide Consulting (Sole Proprietorship)
• Chief Investment Officer at Ambac
• Director - Public Market Securities at TIAA-CREF
• Senior Trader at Bank of New York

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Connections

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Industry

Investment Management

Paul S Hoffman’s Experience

• Treasurer

  Gibraltar Private Bank and Trust

  (Investment Management industry)

  2007 — May 2009 (2 years )

  Cash management, bank portfolio management, interest rate risk, ALCO Committee, set deposit rates, loan rates, Tarp funds, bank strategies.

• Vice President - Fixed Income Currencies and Commodities

  Goldman Sachs

  (Public Company; 10,001 or more employees; GS; Capital Markets industry)

  March 2005 — June 2007 (2 years 4 months)

  Advised Brokerage, Banks and Investment Advisors in their trading of Mortgage Backed Securities (MBS) and Corporate Securities.
  1 Created new banking and credit union industry relationships to diversify Goldman Sachs account base.
  2 Increased Mortgage Backed Securities (MBS) sales by 50% in under 1 year.

• Senior Vice President - Treasurer/Investments

  Citizens First Bank

  (Public Company; 201-500 employees; Banking industry)

  2003 — 2005 (2 years )

  Managed the Securities Investment Portfolio (CMO, Mortgage Backed Securities-MBO, Agency, Corporate, BQ Muni) and provided ongoing interest rate risk assessment and what-if analysis.
  1 Held Chairman ALCO Committee position.
  2 Managed all functions within Treasury department
  3 Moved portfolio from bottom quartile of performance to top quartile while reducing balance sheet risk.
  4 Monitored asset liability structure and change emphasis to ensure balanced interest rate risk.
  5 Designed leveraged growth strategies with minimum risk measurably enhancing return.
  6 Improved overall liquidity of assets and forecasting expectations of liabilities.

• Senior Financial Analyst

  First Empire Securities

  (Privately Held; 51-200 employees; Investment Banking industry)

  2002 — 2003 (1 year )

  Advised credit unions, banks, and thrifts on Asset Liability management and performance optimization strategies.
  1 Educated sales force on effective strategies of portfolio management.
  2 Worked with Credit Unions/Banks CFOs and Treasurers to improve balance sheet.

• President / Owner

  SeaSide Consulting (Sole Proprietorship)

  (Sole Proprietorship; 1-10 employees; Investment Management industry)

  April 1999 — October 2002 (3 years 7 months)

  Provider of investment/trading and financial advice to business and consultant to the media.
  Trained employees of The Financial Times on nuances of Mutual Fund Investments.
  Provided project finance cost estimates for construction companies and their customers.
  Individual and small business investments including retirement planning.

• Chief Investment Officer

  Ambac

  (Public Company; 501-1000 employees; Capital Markets industry)

  1998 — 2000 (2 years )

  Member of Ambac Executive Investment Committee
  1 Managed team of 8 investment professionals who traded Local Government Investment Pools and Trust investments.
  2 Wrote monthly market commentary, and yearly recap for annual reports.
  3 Presented investments, portfolio, and strategy at Trustee meetings.
  4 Met with rating agencies to confirm fundrisk management and compliance.
  5 Retained and built on relationships with bankers, government entities and vendors.

• Director - Public Market Securities

  TIAA-CREF

  (Non-Profit; 5001-10,000 employees; Investment Management industry)

  1988 — 1998 (10 years )

  Managed 3 fixed income funds and created and launched new products.
  1 Created and managed the first ever inflation linked bond account.
  2 Managed 2(a)7 Money Market Funds, and other short-term investment pools totaling $15B. (Rated #1 by Morningstar.)
  3 Arbitraged securities lending proceeds which optimized returns.
  4 Selected to represent the firm as the point person for new product development and present monthly to executive level leadership.
  5 Traded daily and managed accounts to optimize returns.

• Senior Trader

  Bank of New York

  (Public Company; 5001-10,000 employees; Banking industry)

  1983 — 1988 (5 years )

  Portfolio Manager
  Managed $1 billion Short Term Investment Account
  Management of five U.S. Government Security Funds.