Richard Schwam, CFA

Richard Schwam, CFA

Municipal Credit Research Analyst

12 Years at AB
12 Years of experience

Richard Schwam is a Municipal Credit Research Analyst, focusing on municipal credits in the midwestern, southern and southwestern states. He joined AB in 2006 as a client group associate, working with four investment consultants to support over 1,000 financial advisors with a total of more than $2 billion in assets under management. Schwam later served as a product director for Municipal Fixed Income, supporting the retail and institutional sales channels within the firm. He holds a BA in economics from Hamilton College. Schwam is a CFA charterholder. Location: New York

Do Natural Disasters Portend Defaults?

Do Natural Disasters Portend Defaults?

by Daryl Clements, Richard Schwam
Never before in the US have we experienced a natural disaster of the magnitude of Harvey. The damage is of such a degree that we find it nearly impossible to comprehend. Yet Harvey does not stand alone. Climate events that preceded it give us much-needed insight into how municipalities recover, and whether disasters precipitate credit defaults.

Fixed Income


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