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1. Early Life and Education
2. Career
2.2. Clinton Administration
3. Other Activities
3.1 Public Service
3.2 Corporate and Academic Boards
3.3 Selected Writings
3.4 Licenses
3.5 Awards and Distinctions
3.6. Personal Life
4. References
5. Gallery

Derek Bryson Park is an American Investment Portfolio Manager and Banker.[1]  Park served as Managing Director in the Fixed Income/Structured Finance Division at Lehman Brothers[2][4][5] Preceding Lehman, he was Managing Director of Rafferty Holdings, LLC and President of Cohane Rafferty Capital Markets, Inc. specializing in the mortgage banking and financial institutions industries.[2][4][5][6][7][8][9][10][11][12] He served as Director of the Federal Home Loan Bank of New York in the Clinton and Bush Administrations from March 1999 to December 2002 and as Vice Chairman and Chairman (pro tem) of the New York Industrial Development Agency (IDA) in the Giuliani and Bloomberg Administrations.[12] 

Park is currently Principal at Wilmington Capital Securities, LLC with the Royal Bank of Canada (“RBC”) serving as clearing partner. With the vast majority of assets managed on a discretionary basis, he is responsible for a multitude of individual accounts, trusts and foundations. 

Early Life and Education


Park attended Bishop’s College School, Lennoxville, Quebec, Canada; Croydon Country Day School, Jamaica Estates, NY; P.S. 99 Kew Gardens School, NY; and, The Kew-Forest School, Forest Hills, NY. After his primary and secondary education, he attended Western University, London, Ontario, Canada and earned a Bachelor of Arts degree in 1977.[7] In 1979, he earned an MPA from the New York University Robert F. Wagner Graduate School of Public Service, a Ph.D. from the New York University Graduate School of Arts and Science in 1982,[7] and successfully completed the International Housing Finance Program, The Wharton Real Estate Center, University of Pennsylvania in 2001.

Career


Early Career

[Left to Right] International Tennis Star Ivan Lendl; Derek Bryson Park; and Co-founder of World Champion Tennis [“WCT”]; Founder of the American Football League (“AFL”); and Founder and Owner of the Kansas City Chiefs of the National Football League (“NFL”), Lamar Hunt.
Park was made Director of Stadium Operations of the US Open Tennis Championships at Flushing Meadows (1979)[13][14] and Operations Manager of the WCT Tournament of Champions at Forest Hills, New York (1980-1982).[15][16] Additionally, he was Operations Coordinator, World Championship Tennis Forest Hills Invitational (1978-1979)[15]; Operations Officer, Davis Cup Quarter-finals, USA vs. Czechoslovakia (1981)[15]; and Operations Officer, Robert F. Kennedy Memorial Pro-Celebrity Tennis Tournament (1978-1979)[15].
 
From 1975-1982, he also served as Facilities Manager, Ron Delsener Enterprises/West Side Tennis Club
(at Forest Hills Stadium and New York City’s Central Park), supervising in-concert Performances of over ten international renowned artists including Frank SinatraJames TaylorDonna SummerLinda RonstadtOlivia Newton-JohnJoni MitchellBarry ManilowThe Boomtown RatsMilton BerleSammy Davis Jr., and Ethel Merman.
 
Derek Bryson Park and Bill Allain
Mississippi Governor-Elect Bill Allain and Statewide Campaign Manager Derek Bryson Park Awaiting the Arrival of Louisiana Governor Edwin Edwards for a Joint Victory Postelection Fundraiser and Political Rally
In 1982, Park joined the California-based Callon Petroleum Company,[7][17] marketing publicly-traded drilling, income and royalty limited partnership funds and tasked with the management of a nationwide broker-dealer syndicate which included over 120 firms with Merrill Lynch serving as the lead underwriter.[5][7][18][19] In 1983 Park took a leave of absence from Callon to serve as Statewide Campaign Manager for the then Attorney General of Mississippi Bill Allain for whom he fundraised and campaigned in his succession run and election to Governor.[20] In 1984, he returned to Callon Petroleum Company reporting directly to the Chairman and CEO, John S. Callon. After 3 years of service Park returned to New York City in 1985 and worked for the largest advertising conglomerate in the world, the Interpublic Group of Companies/SSC&B: Lintas as a member of a team of executives on the “Account Management” side of the business.[7]

 

Lehman Brothers and Cohane Rafferty Capital Markets

Derek Bryson Park, Henry R. Silverman, Donald J. Casey, and Robert Groody
[Left to Right] Managing Director, Lehman Brothers, Derek Bryson Park; Chairman of Cendant Corporation, Henry R. Silverman; CEO and President of the Title Resource Group of Coldwell Banker, Donald J. Casey; and President of GMAC Bank, Robert Groody at Donald Trump’s Estate Mar-a-Largo, Palm Beach, Florida.
Park served as Managing Director in the Fixed Income/Structured Finance Division at Lehman Brothers. Preceding Lehman, Park was Managing Director of Rafferty Holdings, LLC (the holding company of Cohane Rafferty Securities, Inc. and other entities) and President of Cohane Rafferty Capital Markets, Inc. Recognized as one of the nation’s preeminent experts in mortgage finance, Cohane Rafferty had completed or evaluated over 4600 transactions involving more than $1.5 trillion of mortgage servicing rights, mortgage and consumer loans, credit card portfolios and mortgage banking companies.
 

Park also served as a Managing Director of the Potomac Funds, a leading provider of leveraged index and alternative-class mutual fund products (which was renamed Direxion Funds in 2006).

[Left to Right] Vice Chairman for Deutsche Bank’s Financial Institutions Group and former Managing Director and Head of the Mortgage Banking Division for Lehman Brothers, William H. Curley; Chief Financial Officer, Capstead Mortgage Corporation, Larry Studinski; Managing Director, Cohane Rafferty Securities/Lehman Brothers, Derek Bryson Park; Founder and Chairman of Capstead Mortgage Corporation, Ronn Lytle; and Managing Director, Cohane Rafferty Securities/Lehman Brothers, Edward K. Elanjian at an M&A closing dinner, Dallas, TX.

Significant M&A and portfolio transactions specific to Derek Park include: Securing the sale of Wells Fargo Mortgage Bank to General Motors Acceptance Corporation; Structuring a strategic partnership between Cendant Corporation and Homeside Lending, Inc., a wholly owned subsidiary of National Australia Bank; The sale of Capstead Mortgage Corporation to GMAC/RFC; M&T Bank in their joint venture acquisition with KeyBank of Goldome Federal Savings Bank from the FDIC; and  Capstead Mortgage’s acquisition of 16 portfolios which, in aggregate, amounted to $26.3 billion, which included product sourced from CiticorpFleet Bank, Source One, Crossland, Caisse des Dépôts et Consignations (“CDC”), FBS and Weyerhauser;

 

 

Clinton, Bloomberg, and Giuliani Administrations

Derek Bryson Park (Standing second from the right) pictured after the passage for the New York Bank to back a $1 billion bond issue for the World Trade Center disaster recovery effort with (Seated Left) US HUD Assistant Secretary for Housing & FHA Commissioner, John Weicher; and, (Seated Center), Chairman of the US Federal Housing Finance Board/Agency, John Korsmo

Park was appointed as Director of the Federal Home Loan Bank of New York by the Clinton administration[5][7][8][11][21][22] in January 1999 and served into the George W. Bush administration until 2002.[3][10][23] Park was also appointed by the Giuliani Administration; and, the Bloomberg Administration as Chairman (pro tem) of the New York Industrial Development Agency (“IDA”),[24][25][26] Vice-Chairman of the NYC Capital Resource Corporation (“CRC”),[27] and Director of the New York City Economic Development Corporation (“EDC”)[28] principally attending to overseeing the structural expansion of the New York Stock Exchange; the designing and planned construction of

US Secretary of State, John Kerry and Derek Bryson Park; Beacon Hill, Boston, Massachusetts.

two baseball stadiums for the Yankees and the Mets;[26] and the monitoring of the country’s largest urban redevelopment project in US history with the renovation of Time Square.[28] In 2006, Park together with Randy Levine, the President of the New York Yankees Baseball Club, and David Cohen, the Executive Vice President and Chief Legal Officer of the New York Mets, received the “Bond Buyer’s Deal of the Year Award Award” for the IDA’s sale of $1.6 billion of bonds to finance new baseball parks for both teams.[26][29]

Derek Bryson Park and Michael Bloomberg
Commissioner Derek Bryson Park and New York Mayor Michael R. Bloomberg, Gracie Mansion, New York
From 2000 to 2014, Park served as Commissioner of the New York City Commission on Human Rights in the GiulianiBloomberg,[31][32] and de Blasio Administrations. In this role, Park worked to protect the rights of New York City residents (primarily minorities and immigrants[33][34][35][36][37][38]) regarding housing, mortgage and other abusive consumer-related bank practices. He was accused in 2014 of a misdemeanor while serving on the New York City Commission on Human Rights, and the case was summarily dismissed and expunged by the Office of the District Attorney of New York County.[39]
 

Arbitration

Park was appointed to and served as an Arbitrator, Board of Arbitrators, National Association of Securities Dealers (“NASD”) [otherwise known today as “FINRA“]; the New York Stock Exchange; and, the Chicago Board of Trade (1992 2002).[7]

 Other Activities


[Left to Right] The Governor General of Canada (and the federal viceregal representative of the Canadian monarch, currently Queen Elizabeth II, The Right Honourable David Johnson; Derek Bryson Park; and Her Excellency Sharon Johnson at the ANNUAL REVIEW of the Bishop’s College School No. 2 Cadet Corps (which in 1936 was formally recognized as being affiliated with the Black Watch Royal Highland Regiment)

Park served as Vice Chairman of Winchendon School, Worcester County, MA (1990-2005) and Director (and member of the Executive Committee), Bishop’s College School, Lennoxville, Quebec, Canada (1994-2000). Additionally, he was elected Vice Chairman, Southwest Security, a Federal Reserve Board regulated holding company controlling United Mississippi Bank and other entities (1999-2003) and Director, First Franklin Bank Product Innovation Board, A National City Company, San Jose, CA.

From 2004 to 2005, Park was appointed (and reported directly to) the Apostolic Nuncio (Senior Ambassador) of the Holy See (“The Vatican”), H.E. Archbishop Celestino Migliore, joining the ranks of the five-member delegation allotted to each nation-state within the United Nations. In this role, he focused primarily on the adoption and implementation of a worldwide resolution specific to “Preventing, Combating, and Eradicating the Illicit Trade in Small Arms and Light Weapons in All Its Aspects.”[40][41]

Angelo Cardinal Sodano, Archbishop Celestino Migliore, and Derek Bryson Park
[Left to Right] His Eminence Angelo Cardinal Sodano, Secretary of State and Dean of the College of Cardinals under both Popes John Paul II and Benedict XVI (Holy See/ The Vatican]; The Apostolic Nuncio (Ambassador) to the United Nations; Archbishop Celestino Migliore; and Derek Bryson Park.

 

Personal Life


Park was born and raised in New York City. His father was a Doctor of Internal Medicine, psychotherapist and a senior Madison Avenue advertising executive, his mother was a health care professional, and his brother is a double board certified physician.

His hobbies include tennis, squash, baseball, extreme travel, bank note collecting (“notaphilist”), history (political, financial and military) and a love for comedy genres in virtually all its forms.

Selected Writings


  1. Review of Technology Policy Analysis: Bridging the Technology Gap, by Barry Hyman. (April, 1981).
  2. Review of Town-Country Relations in Virginia, by Mary Jo Fields and Sandra H. Wiley. (January, 1981).
  3. Review of Small Towns, Big Grants: Federal Aid and Nonmetropolitan Local Governments in Illinois, by Alvin D. Sokolow. (April, 1980).
  4. Review of Illinois Municipalities: Where Have All The Voters Gone?, by Oliver Walter and Albert Karnig. (December, 1979).
  5. Review of Public Employer Turnover in State Government: Costs and Benefits, by C. Meyer, M. Beville and T. Magedanz. (May, 1979).
  6. Review of Taxpayers Associations: The “Opposition: in Government Finance”, by Alexander Walker. (December, 1978).
Bill Clinton, the Family of Hugh Carey, and Derek Bryson Park
US President Bill Clinton, the family of New York Governor Hugh Carey, and Derek Bryson Park; The Oval Office, The White House.
 
Derek Bryson Park and Dan Quayle
US Vice President, Dan Quayle and Derek Bryson Park
US Senate Majority Leader Chuck Schumer and Derek Bryson Park
 
Former US Secretary of State, General Colin Powell and Derek Bryson Park
 
Derek Bryson Park and Senior Counselor to US President Donald J. Trump, Kellyanne Conway
Derek Bryson Park and White House Director of Communications for the Trump Administration, Senior Member of President-elect Trump’s Transition Team, Founder of SkyBridge Capital and Oscar Capital Management, and Former Director of Goldman Sachs, Anthony Scaramucci
 
US Secretary of State, Dr. Henry Kissinger and Derek Bryson Park.
15th Secretary of Defense, 10th US Secretary of Health, Education and Welfare, Former Director of US Office of Management and Budget and former Chairman of the Federal Trade Commission, Casper Weinberger and Derek Bryson Park at the Weinberger family home at Mt. Desert Island, Maine
Prime Minister of Canada, Jean Chrétien receiving on behalf of his Nation “The Franklin D. Roosevelt International Disability Award” and Derek Bryson Park, United Nations, NYC
CNN Gary Tuchman and Derek Bryson Park
Derek Bryson Park
Derek Bryson Park; and His Eminence Angelo Cardinal Sadano, Secretary of State of the Holy See (“The Vatican”) and Dean of the College of Cardinals under both Popes John Paul II and Benedict XVI, Vatican Embassy to the United Nation, New York, NY
Derek Bryson Park and the 104th Archbishop of Canterbury; leader of the Church of England and head of the worldwide Anglican Communion, The Right Reverend and Right Honourable Rowan Williams
Derek Bryson Park shaking hands with the Dean of the General Theological Seminary of the Episcopal Church, The Very Reverend Ward B. Ewing

References


  1.  “Derek Bryson Park: Executive Profile & Biography – Bloomberg”www.bloomberg.com.
  2. “BrokerCheck – Find a broker, investment or financial advisor”brokercheck.finra.org. Retrieved 2018-05-31.
  3. “FHLBNY News & Events | President’s Report: At the Bank – 1/31/2003”www.fhlbny.com. Retrieved 2018-04-29.
  4. United States, Federal Housing Finance Board. “Finance Board Completes Capital Plan Approvals, Commemorates 70th Anniversary of FHLBANK System.” FHFB Press Release, 18 July 2002. www.fhlbny.com/news/Press_Release/pr_20020718.htm. Accessed 7 Jan. 2003.
  5. “Park Named to Board of NY Home Loan Bank” The Natchez Democrat from Natchez, Mississippi-Page 1D. April 11, 1999
  6. “Exhibitors At The MBA National Servicing Conference In Los Angeles, Mortgage Servicing News, Page 26. April 1999
  7. “Securities Executive Named to Board of N.Y. bank”Clarion-Ledger from Jackson, Mississippi. April 11, 1999. p. 1C. Retrieved 2018-05-31.
  8. “The Trading Floor/ Housing Board Names Director of Loan Bank.” The Bond Buyer. New York [Vol. 328 / No. 30620] Page 29.  April 15, 1999.
  9. “Homeside Strikes Alliance With Cendant Mortgage.” Mortgage Marketplace (ISSN: 0744-3927) An American Banker Publication/A Division of Thomson Information Services, Inc., New York [Volume 22, Issue 25] Page 1-4. June 21, 1999.
  10. Park, Derek, Bryson. “New Charter”.  National Mortgage News (Thomson Media/ USPS 0564 390). New York [Volume 26 / Number 49]  Page 1 & 12. September 9, 2002.
  11. Jump up to:a b “The Federal Home Loan Bank of New York Names Executive”American Banker. Retrieved 2017-12-11.
  12. “Wilmington Capital Securities, LLC”www.wilmingtoncap.com. Retrieved 2018-05-31.
  13. “Reporter’s Notebook: Open’s Closed Places”The New York Times. September 2, 1979. p. S 7.
  14. Park, Derek, Bryson. “1980 U.S. OPEN PANORAMAS.” U.S. OPEN-USTA National Tennis Center, New York-Special Centennial Edition (September 1–13, 1981); Page 152. Tennis Championships Magazine (Special U.S. Open edition Vol. 31 No. 8); Publisher: H.O. Zimman, Inc.; Copyright 1981 by H.O. Zimman, Inc.
  15. International Who’s Who In Tennis; Library of Congress Catalog Card No. 83-050904; International Standard Book No. 0-9611296
  16. Tournament of Champions, Forest Hills, New York (May 2–9, 1982); WCT Official Magazine (VOL. 32/ NO. 4); Publisher: H.O. Zimman, Inc.; Copyright 1982 by World Championship Tennis Magazine.
  17. “Callon Petroleum Company (CPE)”Callon Petroleum Company. Retrieved 2019-06-22.
  18. Smith, Carolyn Vance (1984). Secrets of Natchez: From a Journalist’s Notebook. Plantation Pub. Co. ISBN 9996455955.
  19. “Vilas Given a One-Year Suspension”. Clarion-Ledger from Jackson, Mississippi. June 9, 1983. p. C3.
  20. “Allain, Edwards Here Friday” The Natchez Democrat from Natchez, Mississippi-Page 1 [Vol. 119 No 349] Page 1D. December 15, 1983
  21. “Political donors got a boost from Kerry”msnbc.com. 2004-02-06. Retrieved 2017-12-11.
  22. “Campaign says money not linked to nominations – The Boston Globe”archive.boston.com. Retrieved 2017-12-11.
  23. “FHLBNY News & Events | President’s Report: At the Bank – 1/30/2004”www.fhlbny.com. Retrieved 2018-11-16.
  24. “Meet Your Industrial Development Agency”Streetsblog New York City. 2007-09-17. Retrieved 2018-04-29.
  25. “N.Y.C. IDA Vice Chair Quits”Bond Buyer. Retrieved 2017-12-11.
  26. “The Bond Buyer Names Mets/Yankees Stadium Transactions 2006 “Deal of the Year.
  27. “NYC Commission on Human Rights, Annual Report 2011” (PDF).
  28. Official Statement — NYCEDC  NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY $20,000,000 Variable Rate Demand Civic Facility Revenue Bonds (Grace Church School Project), Series 2006
  29. “N.Y.C. IDA Stadium Issue Is Deal of the Year”. The Bond Buyer.  New York [Vol. 352 / No. 32522] Page 1. December 6, 2006.
  30. “Campaign says money not linked to nominations – The Boston Globe”archive.boston.com.
  31. “Mayor Michael R. Bloomberg Announces Appointments to the New York City Commission on Human Rights on 10/15/02 | OTM Law”otmlaw.com. Retrieved 2018-04-29.
  32. Park, Derek, Bryson. “Sounding Alarm on City Pensions.” Newsday [New York] October 16, 2002: Page A16.
  33. “NYC Commission on Human Rights, Annual Report 2002”
  34. “NYC Commission on Human Rights, Annual Report 2006”
  35. “NYC Commission on Human Rights, Annual Report 2008”
  36. “NYC Commission on Human Rights, Annual Report 2013”
  37. “Comm’n on Human Rights ex rel. De La Rosa v. Manhattan and Bronx Surface Transportation Operating Auth.”
  38. “Mayor Bloomberg Appoints Willam Hibsher and Renee Lobo to the New York City Commission On Human Rights”The official website of the City of New York. 3 April 2009. Retrieved 2018-03-07.
  39. Criminal Court of the City of New York Certificate of Disposition Number 588597
  40. “A/CONF.192/BMS/2005/INF.1 – E”undocs.org. Retrieved 2018-11-16.
  41. Park, Derek, Bryson. “Resplendent Commencement at G.T.S.” Now Chelsea [New York] (Volume 1, Number 35) May 18–24, 2007, Page 14.