Eric Newman, CPA, CGMA

Eric is responsible for treasury, investment management, pension fund administration, and accounting.  He participates in the management of the City’s Public Private Partnership portfolio.  The portfolio includes a highly leveraged Real Estate Qualified Active Low-Income Community Business Partnership (QALICB) that monetarized IRC §47 Federal Historical Tax Credits and §45D New Markets Tax Credits and several Tax Increment Financing (TIF) redevelopment, infrastructure, and improvement projects.  Eric serves as a Trustee on the Classified Employees Retirement Fund Board, Other Post-Employment Benefit (OPEB) Board, Defined Contribution Retirement Plan Board and is a member of the City’s Investment Advisory Committee,  Eric serves as a Trustee on the Town of Fairfield Employee Retirement Board and Joint Retirement Investment Board. 

Prior to entering government finance, Eric held finance positions at Royal Bank of Scotland, IBM Global Financing, Arnhold and S. Bleichroeder, Price Waterhouse, and Soros Fund Management.   He served as the Treasurer for thirty-seven special purpose funding entities, a member of the NYSSCPA Private Equity and Venture Capital Committee, and NYSSCPA Investment Management Committee. 

Eric received his B.B.A. in Accounting from Adelphi University; Certificate in Investment Banking from New York University; and is currently pursuing his M.B.A. in Finance from Sacred Heart University.  He is a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA).