CHICAGO – A retirement party for Wisconsin’s longtime capital finance director Frank Hoadley takes place Wednesday in Madison.
Hoadley retired at the end of February after 25 years managing the state’s debt issuance. The event will take place at The Madison Club.
“Frank’s tenure includes the implementation of many cost-savings initiatives for the state of Wisconsin and being a prominent leader in the national public finance arena,” a notice about the reception read.
Hoadley left investment banking 25 years ago to take the job and never looked back, serving under four governors from both parties — from the start of Tommy Thompson’s tenure in 1987 followed by Scott McCallum, Jim Doyle and Scott Walker.
Hoadley’s name and influence cuts a wide swath across the public finance field, from the bankers who courted him for work on the state’s negotiated sales to regulators and raters whose policies he would openly chide if he believed they ran afoul of issuer and market interests.
Hoadley has long been a champion of strong issuer disclosure, plain language in financial documents, and he influenced recommended issuer practices through leadership roles in the Government Finance Officers Association. The Municipal Forum of New York in 2008 gave its lifetime achievement award to Hoadley.
Wisconsin carries about $7.5 billion of outstanding GOs and its double-A ratings were recently affirmed. The state recently hired former Indianapolis Local Public Improvement Bond Bank executive director Kevin Taylor to fill Hoadley’s shoes.
