EVP, Chief Investment Officer, Management
Reich & Tang Deposit Solutions
Tom Nelson serves as Executive Vice President and Chief Investment Officer for Reich & Tang. He is responsible for overseeing the firm’s FDIC insured programs, sales growth strategy, and product development initiatives. Mr. Nelson is a frequent industry speaker throughout the bank, trust, and brokerage spaces discussing the impact of regulatory changes in the short-term markets, bank funding, and FDIC insured investment strategies from a growth and profitability perspective. Mr. Nelson previously served as the Director of Institutional Sales at Institutional Deposits Corp. where he was responsible for building its FDIC-insured deposit program and introducing it within the trust, bank, broker-dealer, and institutional markets. Prior to that, Mr. Nelson was head of SunGard’s STN Money markets, the firm’s money market mutual fund and commercial paper distribution facility. In addition to being a Senior Vice President at ICAP Capital Markets., Mr. Nelson was Head of the Short-Term Asset Portfolio Management Group at Chase Asset Management, where he worked for 14 years, and was responsible for $80 billion in assets across all short-term asset management classes. Mr. Nelson received a B.A. in Economics from Duke University.
Understanding the FDIC’s Updated Brokered Deposit Rules