William "Bill" Hansen Jr
William "Bill" Hansen Jr. of Chester, CT, died August 6, 2007. He was 68.
Mr. Hansen was a municipal bond market pioneer who loyally served his
firm, JPMorgan Chase, for over 44 years. He was instrumental in
groundbreaking transactions that helped keep the State of California
solvent during fiscal crises in the early 1980s, in 1994, and in 2001.
Mr. Hansen began his career at Morgan Guaranty Trust Co. in New York
City in February, 1963 - a year after graduating from Dartmouth
College and spending six months at Fort Dix as a member of the U.S.
Army National Guard during the Cuban Missile Crisis.
After moving up the ranks in the bank's corporate side of the business
and after being promoted to vice president in 1974, he joined the
firm's fledgling municipal credit group in 1977. There he was
instrumental in establishing both the first variable-rate demand bonds
via a put agreement and the first conditional liquidity facility for a
tax-exempt bond that was not an irrevocable letter of credit (known
today as the standby bond purchase agreement).
In 1984, Mr. Hansen moved to Los Angeles to open JPMorgan's first-ever
public finance office outside of New York, and as the bank branched
out, moved to its San Francisco office. He returned back to New York
City where he continued to cover municipal issuers in the western U.S.
He was named Executive Director in 2007, and retired in July 2007. Mr.
Hansen took tremendous pride in working on financial transactions that
supported the public sector.
Mr. Hansen was born on March 6, 1939, in Port Chester, NY, to William
Prehn Hansen and Jane Barbour Hansen. Nicknamed "Wink", he grew up in
Greenwich, CT attending The Greenwich Country Day School, where his
mother taught kindergarten. He graduated from The Choate School in
1957, and from Dartmouth College in 1961. He was a member of the Sigma
Mr. Hansen found peace and happiness during recent years while
relaxing at his 19th century farmhouse in Chester, CT. He called his
home Six Brothers Farm, a tribute to his six sons.
He is survived by Nancy Cliggott Hansen, and by his six boys: Matthew,
his wife Rasha and their children Leith and Lara of Manama, Bahrain;
Geoffrey, his wife Linda and their daughter Skylar of San Mateo, CA;
Michael, his wife Jennifer and their son Nathan of Mequon, WI; William
III and his wife Shannon of Shelton, CT; Richard of Alexandria, VA;
and Joseph of Alexandria, VA.
A funeral service was held in his honor at the Second Congregational
Church in Greenwich, CT.
It was Mr. Hansen's wish that memorial gifts may be made to The
Greenwich Country Day School in memory of William Hansen '53, c/o The
Alumni Office, PO Box 623, Greenwich, CT 06836-0623.