Bud Bain was born in 1945 in Norwalk, Connecticut. He graduated from Brien McMahon High School in 1963 and Colgate University in 1967. After working for two years at the New York Federal Reserve Bank, he attended Columbia University and received an M.B.A. degree in 1971.
Bud began his career in municipal bonds at Dillon, Read & Co. He joined Lehman Brothers in 1983, retiring in 1996 after serving as a managing partner and head of the public finance department.
Upon retirement, he devoted two years to family, travel and Colgate University, where he was a trustee. In 1998, he went back to work at the Public Re- source Advisory Group that serves as an advisor to tax-exempt bond issuers.
In 2003, he retired again and has devoted his time to world and domestic travel, children and grand- children. He also enjoys golf, paddle tennis, photography and Colgate University activities.
He and his wife Betsy have been married for 46 years and live in Rowayton, Conn. They have two children and two grandchildren.