Those we lost in 2022

January 5, 2023 10:27 AM

Enjoy complimentary access to top ideas and insights — selected by our editors.

They were all part of our business: the municipal bond business. They were underwriters, dealers, lawyers, analysts, insurers and government officials. These are the people in the public finance arena that we lost last year.
Those we lost in 2021. Those we lost in 2020.

Frank Hoadley, 77

Frank Hoadley, who took up the mantle of Wisconsin capital finance officer in 1988 and over the next 25 years set the mold for state debt management and market advocacy, died Aug. 4, while on vacation in Scotland with his wife, a week after a family reunion. He was 77. Read the full story here.

J.Scott Kelly

Doreen Frasca, 68

Doreen M. Frasca, a pioneer in the municipal finance industry, died on Sept. 16 after a long battle with cancer. She was 68. A 45-year Wall Street veteran, she was an expert in advising governments on capital development at airports and one of the earliest champions of public-private partnerships.

Read the full story here.

Claire Cohen, 87

Claire G. Cohen, 87, one of the first women professionals in the municipal bond industry, whose career in public finance spanned over 49 years died at home on Feb. 3. Read the full story here.

Perry Israel, 70

Perry Israel, a beloved and respected bond lawyer suddenly passed away on Aug. 14 from unknown causes. He was 70 years old. Israel had been running his own practice based in Sacramento, California, since 2007. He specialized in laws related to Section 103 of the IRS tax code which sets the federal tax requirements for bonds to bear tax-exempt interest. Read the full story here.

Edward Bedore, 84

Edward Bedore steered Chicago's finances under both mayors with the Daley name, had a hand in milestone city projects and spearheaded creation of the Chicago Summer Business Institute to give inner city students an introduction to finance careers. He died Sept. 15. He was 84. Read the full story here.

Lisa Gorab, 61

Lisa Gorab, president and managing director of New Jersey's Wilentz, Goldman and Spitzer law firm, died on June 4. She was 61. The Clifton, New Jersey, native became the first woman to hold the position of president at the century-old firm when elected in 2021, the crowning achievement of a 30-year career in public finance law. Read the full story here.

Gittings Photography

Renee M. Friedman, 66

Veteran public finance attorney Renee M. Friedman a former partner who most recently was senior counsel in Katten Muchin Rosenman LLP's Government and Public Finance Group in Chicago, died Aug. 6 after a long battle with cancer. She was 66. Read the full story here.

Bloomberg News

Jackie Walorski, 58

Indiana Congresswoman Jackie Walorski was killed in a car accident on Aug. 3. She was 58. Walorski was first elected in 2012 and served on the House Ways and Means Committee as well as on the subcommittee on Worker and Family Support and was ranking member of the House Ethics Committee, and was expected to become chair when Republicans took back the House. She was the GOP co-chair of the House Municipal Finance Caucus. Read the full story here.

Claire Goodman, 41

Claire Goodman, a veteran financial advisor, world traveler, proud Canadian, and dog lover died suddenly on May 25. She was 41. Goodman, a director in PFM Financial Advisors LLC's Chicago office, worked with leading Midwest borrowers from Chicago, Cook County and Illinois to issuers in Ohio and Wisconsin. Read the full story here.

Terry Thornton, 51

Terry Thornton, a senior vice president in Goldman Sachs's Houston investment banking office, died suddenly on Feb. 27 at the age of 51. He joined the investment banking division at Goldman Sachs in 2003 and was responsible for business development in Texas and the Southwest. Read the full story here.

<b><i>DeWitt Public Schools</i></b>

Craig Kahler, 58

Michigan-based public finance banker Craig Kahler died on Jan. 19 from COVID-19. He was 58. Kahler joined the public finance team at Huntington Capital Markets in 2020 as a managing director after spending several years at HilltopSecurities. He previously spent more than 10 years with Fifth Third and four years at UBS. Read the full story here.

Fed Bank Of Atlanta Conference On Federal Reserve: Past and Present

Stephen Morton/Bloomberg

Gerald Corrigan, 80

Gerald Corrigan, who spent a quarter century at the Federal Reserve, including an eight-year stint as president of the Federal Reserve Bank of New York, died in Boston on May 17. He was 80. After leaving the New York Fed in 1993, Corrigan entered the private sector. He worked more than two decades for Goldman Sachs, retiring in 2016. Read the full story here.