Gerrard Bushell, who helped the Dormitory Authority of the State of New York (DASNY) become the nation’s No. 1 municipal bond issuer, is departing after four and a half years.
Bushell, was appointed DASNY CEO and president by New York Gov. Andrew Cuomo in April 2015, announced in a statement that he is resigning effective Wednesday. During his tenure, DASNY sold $35 billion of bonds. DASNY led the nation in municipal borrowing in 2018 with $9.5 billion. For the 2019 fiscal year that ended March 31, DASNY broke its previous financing record set in 2016 by closing approximately $8.7 billion in bond issues.
“DASNY has evolved to respond to the structural changes underway in higher education and healthcare and evolving capital and infrastructure needs across the state,” said Gerrard Bushell.
“Today, as I prepare to leave DASNY, we have purposefully built a mission-driven public …