Montague DeRose and Associates, LLC

Professional Staff

Shaun Rai, Managing Director

Los Angeles Area
email: srai@montaguederose.com

Mr. Rai joined Montague DeRose and Associates in 2008 following over 15 years of experience in public finance investment banking and derivatives.

As Managing Director for Canadian Imperial Bank of Commerce, Mr. Rai worked as Head of Municipal Derivatives Marketing and Head of Credit and Investor Derivatives Marketing. Prior to working at Canadian Imperial Bank of Commerce, Mr. Rai was a Vice President at J.P. Morgan & Co., where he worked in public finance investment banking for seven years before becoming Head of Municipal Derivatives for three years. In 1986, Mr. Rai completed J.P. Morgan & Co.'s Investment Banking Training Program.

Mr. Rai's investment banking experience includes new money, refunding, fixed-rate and variable-rate financings for state, local government, higher education and health-care issuers. Mr. Rai has extensive derivatives experience structuring, trading and executing taxable and tax-exempt swaps and options, credit default swaps, total return swaps and equity-linked swaps. During his career, Mr. Rai has managed and traded a tax-exempt swap book and assisted in developing various derivative pricing methodologies and models.

At Montague DeRose and Associates, Mr. Rai serves as MDA’s lead capital markets and derivatives advisor and brings years of experience to bear on many of MDA’s most complex assignments. Mr. Rai has served as a senior advisor for most of MDA’s clients, including the Treasurer’s Offices of the States of California and Washington; the San Francisco Public Utilities Commission; the State of California Department of Water Resources; the East Bay Municipal Utility District; the Cities of Los Angeles and San Diego; and the San Diego County Water Authority, among others.  He has assisted these and many other clients in pricing negotiated and competitive bond sales; managing swap and derivatives portfolios; optimizing capital financing strategies and debt structures; developing derivatives policies; and addressing regulatory issues.

Mr. Rai received a Bachelor of Arts in Economics from Dartmouth College, graduating Summa Cum Laude.