NEW ORLEANS — From the Louisiana Department of Treasury:
State Treasurer John Schroder, who serves as chair of the State Bond Commission, announced the selection of Public Resources Advisory Group (PRAG) as the commission’s independent municipal advisor.
“I am confident that PRAG has the resources to provide sound financial advice that will benefit all sectors of our state’s economy and its citizens,” Schroder said. “That advice will be backed with analytics and solid experience, and I look forward to working with them.”
The treasurer, state executive branch and bond commission members will rely on PRAG to provide advice on the state’s finances and debt.
PRAG has appointed Senior Managing Director Wendell Gaertner as project supervisor and primary contact for the SBC. Gaertner touted the company’s “analysis-driven, highly technical debt modeling capabilities that lead to thoughtful advisement.”
