Stephen M. Toth
53 Union Street, Emerson, NJ 07630 ▪ Tel: 201.262.8088 ▪ smt5@optonline.net
http://www.webprofile.info/stoth/
INVESTMENT MANAGEMENT EXECUTIVE
OIL & GAS, UTILITIES, TELECOM/MEDIA, METALS & MINING, TRANSPORTATION
Talented dealmaker, negotiator, and transaction specialist with more than 15 years of experience structuring,
negotiating, and funding multi-party transactions. Successful in evaluating business and investment
opportunities, quickly understanding companies and their markets, and making sound and profitable investment
decisions. Strong leadership talent. Expertise includes:




Investment Banking
Financial Analysis
Credit Due Diligence
Decision Making




Hedge Fund Risk Management
High Yield & Private Placement Debt
Deal Making / Negotiations
Customer Relationship Management




Credit / Equity Derivatives
Staff Training & Development
Credit Risk Management
Policy Development
PROFESSIONAL EXPERIENCE
BANK OF AMERICA SECURITIES INC., New York, NY
US Investment Bank, part of one of the largest banks in the world.
2004 - Present
Vice President – Credit Risk Management
Credit Officer managing all aspects of hedge fund risk management.
Selected Accomplishments:
 Recognized for knowledge of all types of hedge fund trading strategies and products: standard credit terms
in ISDA Master Agreements and ability to negotiate key provisions and processes for determining initial
margin requirements on all types of capital market’s products, including credit derivatives, equity derivatives,
interest rate swaps, and foreign exchange.
 Decreased rejections of hedge fund counterparties from 62% to 27% as part of a team developing a term
sheet and meeting with marketers to emphasize the key data essential for determining a potential hedge
fund client.
 Acknowledged for ability to orchestrate credit limit approval process with derivative traders, marketers,
investment bankers and other fixed income sales executives.
 Recruited, as the only VP, for membership on Bank of America’s Equity Commitments Committee,
comprised of Managing Directors and Department heads, due to extensive credit experience.
 Praised for turnaround of stalled negotiations over credit terms for two billion-dollar hedge funds. Met first
with marketer then fund managers and tactfully explained and negotiated good compromise for all parties.
Secured signed ISDA agreements after weeks of negotiation with bank’s credit terms and funds - continue
to trade with bank to this day.
LEHMAN BROTHERS INC., New York, NY
U.S. Global Investment Bank.
2000 - 2004
Vice President – Credit Risk Management
Assess and manage counterparty credit risk of all corporate issuers involved in derivative transactions with
Lehman Brothers.
Selected Accomplishments:
 Collaborated with two other department members in creation of mini-training course for recent college
graduates joining firm. Developed curriculum covering analysis of all the different types of counterparties
and rotated each new-hire throughout the department to make the material easier, and put it into practice on
a real life basis. Improved productivity 50% over class from prior year.
Stephen M. Toth
PAGE 2 OF 2
BMO NESBITT BURNS CORP., New York, NY
Canadian Investment Bank.
1998 - 2000
Associate – Debt Capital Markets/Investment Banking
Provide debt capital market solutions to firm’s clients including public and private debt origination, structure, and
distribution.
Selected Accomplishments:
 Known for conducting research and analysis: general, industry, and company specific, along with financial
modeling for the preparation of marketing materials and other transaction related documentation, corporate
profiles, information memorandum, and presentations.
 Oversee deal execution including: support of day-to-day aspects of transactions, identifying and addressing
minor issues and consulting senior staff members to help to ensure the project reaches completion.
NATWEST M ARKETS, New York, NY
Full service commercial and investment banking house.
1994 - 1998
AVP – Relationship Management/Investment Banking 1996 - 1998
Develop corporate finance, debt capital markets, and merger & acquisition opportunities in the utility sector.
Selected Accomplishments:

Realized $3M in fees and captured three pieces of business as opposed to just one bank loan from major
utility client set to launch large acquisition deal. Organized and planned meetings to unite three groups
unknown to each other to present a united plan to the client and pitch all available products in a seamless
presentation. By combining efforts as a group, senior management generated more business from the deal
rather then acting alone in a vacuum.

Authored simple Master Contact Sheet to coordinate vital contact information for offices involved in a major
acquisition operating across many time zones as well as different days in New York, London, and Sydney.
Recognized by deal team as invaluable tool contributing to getting part of the deal, resulting in fees in
excess of $5M.
AVP Analyst – Corporate & Investment Banking/Debt Restructuring Group 1995 - 1996

Praised for developing financing structures for customer by assembling “deal components” designed to
secure specific tax, accounting or regulatory treatment, which may enhance the return to the investor, lower
the customer’s cost of funds, or be valuable to the customer for non-financial reasons.
AVP Ratings Analyst – Credit Risk North America/Credit Ratings Unit – Utilities 1994 - 1995

Initiated concept of multi-departmental revenue product sheets for use by the lead relationship manager
after evaluating a banking customer, to focus on the most lucrative potential revenue opportunities for the
bank, and the investment bank, and best chance of product placement to prevent fighting among revenue
groups and remove roadblocks.

Recruited by the Senior VP covering the Oil & Gas and Utility sectors to join a relationship management
team: after six months of personal due diligence attending Rating Agency workshops, industry conferences,
reading books and industry trade magazines, personal research at the New York Public Library, and
speaking with industry leaders and interviewing the Equity Research analyst to learn and understand the
major players, trends, regulations, tax and accounting rules and implications, as well as what financial
products the companies utilized to conduct business.

Recognized for the ability to set appropriate lending limits for bank's oil and gas and utility clients and
identify financial products the bank's commercial and investment bankers could provide.
EDUCATION
MBA – Accounting, FAIRLEIGH DICKINSON UNIVERSITY, RUTHERFORD, NJ 1992
BS – Economics & Finance, FAIRLEIGH DICKINSON UNIVERSITY, TEANECK, NJ 1985