In 2017, William T. Nolan started the Infra-Bk, LLC whose purpose is to establish the Federal Infrastructure Bank (FIB) as a trillion-dollar wholesale bank to finance US infrastructure. The IBA is modelled after the highly successful Federal Home Loan Bank (FHLB), established in 1932 to pump money into the economy via the housing market in response to the Great Depression. Strong Congressional sponsors have introduced H.R. 7231, Infrastructure Bank for America Act of 2020, which will establish a federally chartered bank that will be privately owned, privately managed and privately funded, removing partisan priorities and spending.
In 1989, Mr. Nolan founded Devonshire Holdings, Inc., to assist companies with financial advisory services, including restructurings, turnarounds, buyouts and corporate finance throughout the USA, Canada, Europe and Asia. He has held senior positions at Brown Brothers Harriman & Co., S. G. Warburg & Co. and has served as a Director, Chairman, CEO and CFO of numerous operating companies as part of a turnaround and restructuring process, including Oreck Corp. in 2013 and Egenix, Inc. in 2014 & 2015.
He is the author of The Wealth of Enterprises: A New Foundation for Economics & Management, published in 2008. Mr. Nolan holds a BA from Tulane University and an MBA from Harvard Business School.