Bruce Bent II: Financial Visionary and Entrepreneur
While Bruce Bent II’s name may not be a household name, he has changed the industries of short-term cash management and cash-related solutions more than anyone within recent memory. Currently, he serves as a Vice Chairman and President of Double Rock Corporation while also contributing as a senior executive to Double Rock’s subsidiary companies. However, his position within Double Rock Corporation is not his first foray into innovation.
After earning a Bachelor of Science in Philosophy from Northeastern University, Bruce Bent II went on to become involved with a variety of companies and organizations including the Young Presidents’ Organization, the 99 Jane Street Condominium Association, the Entrepreneurs’ Organization in Manhattan and the President’s Advisory Council of Scenic Hudson. Today, he still honorably serves in many of these organizations. Bruce Bent II was also a major contributor for The Reserve, a market institution which offered one of the largest money market funds in the world, where he served as President. During the economic downturn of 2008, Bruce Bent II reduced The Reserve’s money market mutual funds after the bankruptcy of the Lehman Brothers in September of that year. Thanks to his actions, holders within The Reserve Primary Fund and its other money funds received 99 cents on the dollar and 100 cents on the dollar respectively.
Overall, thanks to Bruce Bent II’s entrepreneurial vision and determination, he has become one of the most influential and recognized figures in the industries in which he is involved. He is so revered that he has often been quoted in publications such as The Wall Street Journal, Financial Times and The New York Times. He is also featured in many books such as “Leadership Secrets of the World’s Most Successful CEOs” and “The Corporate Insider’s Guide to U.S. Patent Practice.” Today, he still personally holds over 60 patents, some of which have completely changed the business of cash management and continues to change the money management industry.
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