He came to UC Berkeley to shake up the campus's financial strategy. Now, Vice Chancellor of Administration Nathan Brostrom brings his big banking experience to the UC Office of the President.Big banking experience?
Before coming to campus, Brostrom had been the manager of the Western Region Public Finance Group for J.P. Morgan Securities in San Francisco. During his 10 years at J.P. Morgan, he oversaw a $11.3 billion bond sale for the state of California, the largest municipal deal in U.S. history at that time, according to a university statement.Not coincidentally, Brostrom's already brought some of that "big banking experience" to the table: he "took a leading role" in pushing the $321 million renovation of the stadium, and has been a "leading campus supporter" of the absurd decision to bring in Bain & Company (at the price of $3 million) to identify and oversee budget cuts over the next two years.
To review, the path to success in the UC administration:
Step 1: Regional manager at JP MorganNice priorities.
Step 2: Director of UC Budget
P.S. Brostrom was one of the administrators who was sent down to meet with protesters at the UCOP sit-in.