Bill Hubard has been working in the financial sector and has become known around the world as one of the leading economists for the past 40 years. Most recently, he was announced as the new chief financial economist at Trade.com, adding to his long list of jobs that he can add to his resume.
Hubard has a long history of groundbreaking work in the finance and bonds markets. He began discovery can work in 1971. That year, he started working for the Morgan Guaranty Trust Co of New York. Here, he worked as a bond trader and began his illustrious career.
One of his earliest highlights came at Morgan Guaranty Trust Co, where he was responsible for completing one of the first ever trades in the initial 30-year bond. After this, he moved on to work with F.S. Smithers by John Mack. It was here that he began working with mortgage-backed securities and did risk arbitrage.
Specializing in risk arbitrage, Hubard used investment strategies to take profitable positions on the mergers and acquisitions of financial institutions. They successfully exploited pricing discrepancies that were caused by these acquisitions and mergers.
Hubard placed a focus on advanced investment strategies like these while other financial experts were unable to succeed in the same way that he did. This is what set Hubard apart. He is always able to find areas that he could profit from where others could not.
Continuing his trend of groundbreaking moves in the financial industry, he partnered with Bruce Maxwell to form the MaxCor Company in 1978. MaxCor focused on US government and treasury repurchases and became one of the first repurchase brokers in New York.
In 1981, he also helped execute the first asset swap that was performed between Detroit Edison and Citicorp. Hubard described this swap as a strategy where they were writing the rules as they went along with it. It was a learning process and it laid the foundation for future swaps like what he was able to pull off.
In 1987, he relocated to London. In London, he was in charge of the London branch of RZB-Austria, and asset liability group. Here, Hubard focused on learning international tax laws and how he could move money around to take advantage of discrepancies in those laws and the way that they were set up.
1995 Hubard announces retirement. Although he retired, he continued teaching at LSE and LIFFE. He eventually transitioned into lecturing and years later, he began making appearances on CNBC as their in-house economics expert.
Bill Hubard was able to gain a tremendous amount of knowledge due to the diversity of the experiences that he had throughout his career. Not only did he work in a variety of financial fields, he also was able to work internationally in and along with several different countries.
It’s not often that you find someone that has such a diverse background in the finance world. This is why, even after his retirement, he continues to work in a consultant capacity. Recently, he was just brought on as the chief financial consultant for Trade.com.
At Trade.com, Hubard will act not only as an advisor; he will also serve as an ambassador to the brand. His roles will allow him to represent the brand in media both on air (via networking TV and news channels) and off air (via seminars and training videos that he will help put together himself).
Hubard will also be available to work one-on-one with VIP clients on the site. This alone is an invaluable resource that will be available for Trade.com users.
