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Mr. Malhance joined Hilliard Lyons in Spring of 2013. He brings to the firm extensive financial experience. Prior to joining Hilliard Lyons, he served with Cook County Government as Chief Financial Officer since 2011. Mr. Malhance was responsible for the financial oversight of the second largest County in the nation with 23,000 employees and a total estimated annual budget of $3.5 billion. His experience in public-sector finance included a 25-year tenure with the City of Chicago, where he worked as Comptroller, First Deputy City Treasurer, Managing Deputy Comptroller for Debt and Asset Management, Deputy Comptroller for Financial Policy and Trustee for four of the City’s pension funds. During his tenure with the City, Mr. Malhance oversaw approximately $40 billion in debt issuance/management associated with the City’s General Obligations; Sales-Tax Revenue; O’Hare and Midway Airports; TIFs; Housing; and Water/Wastewater bonds. Other major managerial and capital markets initiatives included the first-in-the-nation $1.8 billion public-private partnership involving the Chicago Skyway; the Lease-Leasebacks of the CTA Orange Line and the 911/311 Emergency Management Systems; one of the first $900+ million municipal bond issues for O’Hare International Airport; and the bond financing for the capital construction of Millennium Park.
Before joining Cook County as its CFO, Mr. Malhance was President of UIB Capital in Chicago, a private equity subsidiary of Unicorn Investment Bank of Bahrain. In that capacity, he led UIB’s successful efforts to source, analyze and propose controlling equity investments in middle market companies in the USA, assess the viability of business plans and identify potential acquisitions, including M & A opportunities.
Mr. Malhance received his Bachelor of Science in Commerce from the University of Karachi, Pakistan; his B.S.B.A in Finance from Roosevelt University in Chicago; his MBA. from Roosevelt University; and his MA in Economics from the University of Illinois at Chicago. He also completed his coursework for a Ph.D. in Public Policy Analysis from the University of Illinois at Chicago.