Nat Singer

Managing Director
Swap Financial Group

Nat Singer joined Swap Financial Group as a Managing Director in January 2008 after spending 21 years
at Bear Stearns. Mr. Singer was formerly the head of Bear Stearns’ Municipal Derivative Products Group
and Chief Operating Officer of the Municipal Bond Department from 1998 to 2007. In these roles, he
was responsible for the design and implementation of innovative financial products to help municipal
issuers lower their debt service cost, increase earnings on assets and hedge interest rate risk. Mr. Singer
also managed Bear Stearns’ Tender Option Bond program. Prior to joining the Municipal Derivative
Products Group, Mr. Singer managed Bear Stearns’ proprietary tax-exempt bond position from 1987 to
1998 and served as National Sales Manager for the Municipal Bond Department from 1995 to 1998. He
is a frequent speaker on topics relating to both the municipal cash market as well as the derivatives
market, and has authored numerous papers focusing on financing and trading opportunities in the
municipal market. Mr. Singer received a B.S.E. in Civil Engineering from Princeton University. Mr. Singer
is former Chair of the Municipal Securities Rulemaking Board and currently Chairman of the Board of
Reality Shares Inc., an ETF platform based in San Diego, CA.