PRIOR EXPERIENCE:  before founding CivilCredit Advisors in May, 2005, the firm's Managing Director, Tom Cochran served as an executive in the public, non-profit, and private sectors:

MBIA Insurance Corporation

1999 - 2005​ Director, Global Public Finance Group, Insured Portfolio Management Division, MBIA Insurance Corporation. MBIA was the leading provider of financial guaranty insurance for power generation and distribution, transportation and other essential public infrastructure in both the U.S. and global capital markets. Responsibilities included on-going surveillance and remediation of high profile essential energy, transportation and other public infrastructure credits in MBIA's expanding book of business in both emerging and developed (OECD and domestic US) markets. Energy sector work focused on IPP renewable energy and PPP transportation financings in emerging markets, including the innovative re-negotiation of off-take and concession agreements and substantial revision of financing arrangements, deal remediations and re-structurings of a geothermal IPP transaction in Indonesia, retail power distribution transactions in El Salvador and Chile; and the development and application of the Chile’s MDI demand risk mitigation program. Also advised firm’s senior decision-makers on proposed new international and domestic transactions, particularly those in which the lessons learned in remediation efforts need to be applied or in which bi-lateral and multi-lateral entities such as national export credit agencies, the World Bank Group or Paris Club were involved.

Capital Advisors, Ltd.

1997 - 1999​ Principal of an international advisory subsidiary of MBIA Inc., Capital Advisors, Ltd., which was spun off to independent status in 2000.  Responsible for initial design and recruitment for this advisory firm which used MBIA's 25 years of experience to assist in developing legal frameworks, institutional structures, and other elements necessary to develop sound credit cultures for sub-sovereign and PPP energy and other essential public infrastructure project finance transactions in emerging markets and transition economies. Clients of Capital Advisors, Ltd. included multi-lateral finance institutions, USAID, private firms engaged in emerging market infrastructure development, and internal entities such as MBIA Insurance Corporation’ Insured Portfolio Management Division. Specific assignments included: development of locally denominated subsovereign debt markets in Ukraine and Lithuania; assessment of infrastructure debt markets in South Africa; and design of sub-sovereign risk assessment and mitigation frameworks for the International Finance Corporation.


1992 - 1997 Executive Vice President of Resources Development Foundation from 1992 until mid-1996.  Organized and executed the International Public Finance Program to develop new municipal infrastructure capital market and energy efficiency finance mechanisms in Central and Eastern European nations, and South Africa, including recruitment and supervision of long term resident advisors for Poland and Hungary. Assisted in design, funding and execution of short-term training seminars for municipal finance officials in Russian Federation. Designed and managed internship programs and various training activities for international students, including mid-careerists. Assisted in the development of a wastewater treatment technology transfer and finance program with Future Water International, which concentrated on bringing an inexpensive static aeration/water reuse technology to regions and towns in Central Europe. A treatment plant using the Future Water International technology was financed, built and continues to operate successfully in Dunavarsany, Hungary. Also,. From July, 1996 through February, 1997, served as Senior Staff with Institute of Public Administration. Continued to serve as Director of the International Public Finance Program for IPA, which assumed responsibility for the program when RDF ceased active operations for budgetary reasons. Performed other development-oriented tasks at the direction of the President.


1983 - 1992 Senior Vice President and Regional Manager, Public Finance Department.    Built the firm's Public Finance business in the North Atlantic region of the US by developing and maintaining investment banking relationships with all states, municipalities, and other public sector entities ranging from semi-autonomous waste-to-energy and public power project developers and agencies to water and waste water, transportation, and education agencies, as well as major non-profit organizations including colleges and universities, cultural institutions, and hospitals in the region.  In power sector, supervised preparation and execution of bond issues for several major PPP waste-to-energy projects, interest rate swap and other risk management operations, and investment of bond proceeds.  Worked with the American Express Foundation to identify high quality philanthropic opportunities. Was designated as both a Registered Securities Representative and Municipal Securities Principal under applicable professional qualification standards. Served on the Public Policy and Markets Committee and the Federal Asset Securities Task Force of the Public Securities Association, and named an Arbitrator for the Municipal Securities Rulemaking Board. 


1977 - 1982 Executive Director & 2009 - Present: Member and immediate past Chairman, Board of Directors  Founded and served as CEO of this non-profit, tax-exempt research organization concerned with regional economic and social problems, as well as with the impact of a broad spectrum of federal policy options on the states and localities in this older industrialized region comprised of 18 states. Policy sectors ranged from energy to entitlement program formulae to tax policy. Supervised a staff of full-time professional research personnel, consultants, graduate students, and undergraduate interns in design and execution of the organization's policy and studies.  Developed and maintained an expanding funding base including foundation grants, federal research grants and contracts, state government support, and publication sales.  Designed and administered financial reporting, personnel management, and related systems. Conducted and supervised all Institute communications with members of Congress, federal agencies, state governments, and media.

1974 - 1977  Special Assistant to the Governor for Education, Health and Intergovernmental Fiscal Relations.  Developed policy alternatives and performed implementation oversight role in elementary, secondary, and higher education, television licensing issues, and health care.  Concentrated on meeting NJ Supreme Court order to revise and more heavily fund state school aid formula and enact an income tax in support of the new formula. Also participated in higher education finance reform and hospital cost containment initiatives. Coordinated all Governor's Office federal relations activities with New Jersey's Washington representative, participating actively in National Governors Association and Coalition of Northeastern Governors (CONEG) policy development work, concentrating on energy, transportation and social entitlement program formulae.


1971 - 1972​  Educational Planner.  Served on a team of planning and management consultants to community school districts.  Designed and operated budget, planning and control systems, program evaluation routines, and personnel selection and review processes, as well as special policy analyses for Chancellor.


1970 - 1971​  NYC Urban Fellow. In program underwritten by the Alfred P. Sloan Foundation, and on assignment to Mayor John Lindsay's staff, concentrated on relations between community and public education agencies.  Also researched and drafted speeches for the Mayor.

Other selected sole practice engagements

• Barents Group, LLC (1996)
• Rockefeller Brothers Fund  (1983)
• U.S. Conference of Mayors and National League of Cities  (1983)
• Council of Great Lakes Governors  (1983)
• WNET/13, the New York metropolitan area's VHF public TV station (1973)

Community/pro-bono service

• Infrastructure Finance Experts Group/ (Co-Chairman)
• Financing Tools Task Force, International Private Water Association (Member)
• St. Luke's Church, Montclair, NJ (Past Vestry Member, Current: Co-Chair, 
  Capital Campaign Committee, Finance Committee Member, Toni's Kitchen Advisory

• Northeast-Midwest Institute (Board of Directors, Member& Chairman)
• The Benefit Use Committee of New Jersey (Convenor/Organizer)
• Woodrow Wilson School, Alumni Annual Giving  Campaign, (Chairman)
• Montclair Board of Education, Montclair, NJ (Vice President)
• Board of School Estimate, Montclair, NJ (Member)
• Interim Arts Council, Montclair, NJ (Member)
• Board of Overseers, Governor's School of New Jersey
• Habitat for Humanity, Newark, NJ (volunteer)
• River Park Mutual Homes, Washington, DC (Board of Directors)
• Byrne for Governor (re-election) Campaign (Strategic Advice, Volunteer)


Woodrow Wilson School of Public and International Affairs 
Princeton University   
M.P.A., 1974

Beloit College
B.A., Psychology, 1971
Secondary School Teaching Certification, (Social studies), 1971