Karen Daly is a Senior Managing Director and head of the Public Finance and Financial Guaranty groups at Kroll Bond Rating Agency. Karen brings over 30 years of municipal credit research and risk management experience to her role. She was previously Chief Public Finance Underwriting Officer at Municipal Infrastructure Funding, LLC, a de novo municipal bond guarantor. Prior to that, Karen held several positions at Financial Guaranty Insurance Company (FGIC), including Managing Director of the Eastern Region and Public Finance Senior Risk Manager. Karen started her career in public finance at Moody’s Investors Service as an analyst. She holds an MPP from the University of Michigan and a BA from Queens College.
Karen Daly has been awarded the Women in Public Finance (WPF) Founders' Lifetime Achievement Award in 2018. She also received the Northeast Women in Public Finance Trailblazer Award in 2017. Karen has been a trustee of the Citizens Budget Commission for over 20 years and sits on the Board of Directors of Women in Public Finance. In addition, she has been on the board of the Municipal Forum of New York and was the Association of Financial Guaranty Insurers (AFGI) representative on Governmental Accounting Standards Advisory Council (GASAC).