Chapman and Cutler name McGree and Trofa as co-chairs of public finance

By Devika Patel

Knoxville, Tenn., Jan. 24 - Chapman and Cutler LLP said in a press release it has named partners Timothy V. McGree and M. John Trofa as co-chairs of the firm's public finance department.

Trofa and McGree are taking over the public finance practice from longtime chair Daniel Johnson, who recently was named Chapman's chief operating partner.

Trofa will focus on servicing and expanding the firm's representations nationally, including western and southwestern states where Chapman has increased its presence in recent years. McGree will direct the firm's active engagements across the Midwest.

McGree has worked at Chapman since 1973. He is bond counsel to hundreds of municipalities throughout Illinois and has represented investment banking firms as underwriter's counsel. His experience entails work on derivative products, including swaps, forward bond purchase agreements and various investment products.

McGree is a recognized authority on Illinois joint action agencies, the release said, particularly with various types of revenue bond financings.

Trofa has built a finance practice representing providers of municipal reinvestment products as well as mortgage and other asset-backed finance and tax-exempt derivative products, the release said. He has worked with housing finance agencies, helping them securitize tax-exempt financings, including single family and multifamily bond financings, and on multifamily tax credit financings. He joined Chapman in 1981.

"Chapman has a long-established preeminence in public finance and we're confident that John and Tim will continue our unbroken success streak as the nation's most active tax-exempt bond counsel," Chapman's chief executive partner Richard Cosgrove said in the release.

"The co-chair arrangement will allow us to maintain our strong presence in the Midwest, while expanding our relationships with issuers around the country, not only in the western region where we've done multiple deals, but in the northeast and southern U.S., where our experience helping municipalities can be of tremendous value for structuring the best financings possible. In the meantime, we want to thank Dan Johnson for having so ably led the group for ten years and for helping direct its recent national growth beyond our traditional Midwest stronghold."

Financial services law firm Chapman and Cutler is based in Chicago.

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