Managing Director, Head of Municipal Credit Research
James Schwartz, CFA, Managing Director, is a member of Americas Fixed Income within Alpha Strategies. He is Head Credit Research Analyst on the Municipal Credit Research Team. He is a member of BlackRock's Municipal Bond Operating Committee, which oversees all municipal bond portfolio management, research and trading activities.
Mr. Schwartz's service with the firm dates back to 1990, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he oversaw research efforts for long-term municipal bond funds, defined asset funds, and private investor portfolios. Earlier, he was a Senior Analyst specializing in high yield bonds and a Project Manager for the technology department. Prior to joining MLIM, he was a Senior Financial Analyst for the Chubb Group of Insurance Companies.
Mr. Schwartz earned a BA degree in economics from Rutgers University in 1987 and a MBA degree in financial management from Monmouth University in 1994.
While Puerto Rico grabs the headlines, overall creditworthiness among issuers of municipal debt remains solid. BlackRock Municipal Credit Research analysts discuss the broad backdrop and Puerto Rico s recently released turnaround plan.
Puerto Rico's governor stunned the market in late June with the announcement that the island s significant debt was "not payable." BlackRock's Municipals Teams offers an analysis and discusses why Puerto Rico isn't a systemic threat.
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