Bruce Bent ll is an entrepreneur with experience in the creation of innovative cash related solutions for brokers, dealers, retail markets, qualified plans and banks. His drive and vision have made him the catalyst for the technological development of products both relevant and influential such as programs insured by the FDIC and cash sweeps. Bruce Bent ll is in possession of 60 patents and his inventions are partially responsible for FDIC-Insured cash management becoming an industry worth $1 trillion.
During his career Bruce Bent ll has proved himself as a CEO and a manager. He was the leader in the growth of FDIC cash management and money market mutual funds for 17 years. After the financial crisis of 2008 he took charge of the liquidation and sale of numerous affiliates and subsidiaries of his firm. He has led technology and financial services companies as their President and Vice Chairman including the Double Rock Corporation. He has experience and expertise in the retirement market, patent licensing and financial services.
Prior to the occurrence of the 2008 financial crisis Bruce Bent ll served as the President of The Reserve. This is one of the biggest, private, money market institutions across the globe and has the second biggest money market fund world wide. The Reserve is based out of New York, New York and has in excess of 300 employees. his guidance and leadership diversified and expanded the assets of the organization from $4 billion to $130 billion in seventeen years. The Reserve’s revenue reached $155 million during this period.
Bruce Bent ll has been quoted in publications including the New York Times, The Wall Street Journal and the Financial Times. He wrote a column regarding investing in the China Press and the World Journal. His entrepreneurial ventures include intellectual property, financing, financial technologies, pharmaceuticals, asset management, healthcare, consumer goods and business consulting. He has a Bachelor of Science in Philosophy and belongs to the Young Presidents’ Organization. This organization was responsible for connecting almost 10,000 business leaders from across the globe. He was a member of the President’s Advisory Council for Scenic Hudson and helped in the restoration of the Hudson River.