Bruce Bent II is serving as the Vice Chairman of Double Rock Corporation. He is a highly experienced entrepreneur. He has come up with highly creative and innovative solutions that are related to asset management and cash. These are for the broker, bank, and retail markets and so on. The vision of Bruce Bent II has led to some relevant products that can aid in cash sweep as well as the expanded programs that are FDIC-insured. He has many patents to his name.
Bruce Bent II has proved himself as a manager. This is a money market mutual fund along with FDIC business of cash management. He could easily manage the liquidation in an orderly manner. After the financial crisis of 2008, he was able to sell a few subsidiaries and affiliates of the firm in an effective manner.
The Double Rock Corporation is a leading player in the financial services and technologies sector. Bruce Bent II is the senior executive in its six subsidiary companies. These include Access Control Advantage LLC, besides Island Intellectual Property LLC. Both these firms are known as innovators in their fields.
Bruce Bent II was working as the President of The Reserve. This is one of the biggest money-market institutions that are held privately. Its money market fund is the second largest in the world. This institution has its headquarters in New York.
Under the guidance provided by Bruce Bent II, it could expand its product lines as well as diversify its markets of distribution. This allowed the assets under the management of the organization in its cash products to grow from $4 billion to nearly $130 billion. All this happened over a 17-year period. The annual revenue was $155 million, and the EBITDA was $90 million.
Bruce Bent II managed an orderly phasing down of the mutual fund products of The Reserve. This was after the financial crisis of 2008. This was a voluntary decision of its management.
Bruce Bent II has been quoted in several publications. These include the Wall Street Journal, and The Financial Times, besides New York Times and so on.
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