Bruce Bent II has proven to be one of the world’s most effective CEOs. He managed the Reserve for 17 years. As the President, he helped it grow from a $4 billion firm to more than $130 billion. Before the financial crisis of 2008, the company was the largest privately-owned money market institution globally. Reserve’s money market fund was also the second largest in the world. The annual revenue of the firm exceeded $155 million. In the wake of the market crisis of 2008, Bruce guided the liquidation of some of the company’s affiliates and subsidiaries.
Bruce Bent’s leadership extends beyond the corporate world. He chaired the finance department of the Young Presidents’ Organization, Gotham Manhattan Chapter. The organization is a peer network that brings together over 10,000 young global leaders. He has served on the President’s Advisory Council of Scenic Hudson as its president. In recognition of his accomplishment, Bruce featured in the book Leadership Secrets of the World’s Most Successful CEOs.
In addition to outstanding leadership, Bruce Bent is an experienced entrepreneur and investor. He has created unmatched innovative short-term asset and cash management solutions for retail markets, banks, and broker-dealers. Due to his entrepreneurial expertise, he holds more than 60 privately-held patents. His inventions have catalyzed the growth of FDIC-insured cash management industry to $1 trillion. The Corporate Insider’s Guide to US Patent Practice recommended Bent as an expert in patents. Other publications such as the Wall Street Journal, New York Time and Financial Times have also quoted him.
Today, Bruce Bent is the President and vice chairman of Double Rock Corporation. The organization is an industry leader in the provision of financial technology services. Bent is responsible for the operations of the company’s subsidiaries and daughter companies; Island Intellectual property LLC, and Control Advantage LLC.
Bruce Bent credits his success as a leader to work with people who are smart at handling real issues. He says the most valuable people are customers because they always know how the operations of the business can be improved. As an entrepreneur, Bent is persistent. He advises entrepreneurs to believe in their dreams and create innovative ways of overcoming obstacles instead of giving up.
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