April 18, 2007

Robert Clarke Brown named Case Western Reserve University's Treasurer

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Robert Clarke Brown, a former investment banker and U.S. Department of Transportation capital markets adviser, has been named Case Western Reserve University's treasurer and an officer of the corporation, effective March 30.

In his new role, Brown will work with the finance committee of the Board of Trustees, advisers and others to foster prudent management of operating funds and working capital, as well as advancing the university's mission to achieve strategic goals by ensuring financial health now and over the long term.

In addition, he will be responsible for:

  • ensuring the overall general liquidity requirements for the university
  • establishing policy and providing senior level direction for a diverse group of finance, credit and investment management functions
  • allocating and investing the university's operating funds in appropriate short-, medium- and long-term investment vehicles
  • managing the university's treasury operations and daily cash flow needs from both internal and external sources of capital

"I am extremely delighted for Bob's appointment. Bob is not new to the university, as he had worked with us as an investment banker. He brings a tremendous level of knowledge, expertise and experience, complementing our strong financial team at the university," said Hossein Sadid, Case's chief financial and administrative officer.

At the U.S. Department of Transportation, Brown assisted in the creation of a new federal credit enhancement program, under which the agency supports financing of large, nationally significant surface transportation projects. Prior to that, he was an investment banker at Key Capital Markets, Inc., where he was manager of its public finance department, and at Lehman Brothers. His government experience includes service as assistant director of the Ohio Department of Transportation and counsel to two U.S. House of Representatives committees. Early in his career, he practiced law in Cleveland with the firm of Jones, Day, Reavis and Pogue.

"I am happy to be joining the Case Western Reserve University community," Brown said. "It is exciting for me to have the opportunity to be part of an institution with so many talented people engaged in important work. I look forward to supporting the many contributions the university makes to our community, as well as its long and proud history of service to University Circle, the Cleveland region, and the state of Ohio."

Brown currently serves on the Board of Trustees for University Circle Incorporated and the Board of Directors of the Metropolitan Washington Airports Authority, which operates Washington National and Washington Dulles airports.

For more information contact Kimyette Finley, 216.368.0521.

Posted by: Heidi Cool, April 18, 2007 10:35 AM | News Topics: HeadlinesMain

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