Andy Gurley, a prominent banker in the municipal bond industry, died Monday at the age of 75. Gurley worked at PaineWebber until it was acquired by UBS, where he worked until 2008, when the firm exited the municipal business and he retired.
Gurley was the Vermont Housing Finance Agency’s underwriter from its creation through 2008. In fact, Gurley played a role in the creation of the VHFA in 1974, providing guidance to the state and explaining how it would benefit from a housing finance agency. After he retired in 2008, the agency awarded him with its “Housing Hero Award,” an honor that was special because it was rare to give the honor to a bond underwriter.