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Wallace C. Turbeville

Wallace C. Turbeville was the Derivatives Specialist at Better Markets, Inc., specializing in derivatives and market structures.  He was a Senior Fellow at Demos, a national non-partisan think tank. He is a graduate of Vanderbilt University (B.A., 1974) and Vanderbilt Law School (J.D., 1977). Upon receiving his law degree, he practiced law in the finance field for seven years at Mudge, Rose, Guthrie, Alexander & Ferdon, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo and LeBoeuf, Lamb, Leiby & MacRae. Mr. Turbeville joined Goldman, Sachs & Co. in 1985 as a Vice President in the Public Finance Department.  In 1990, he became Co-Head of the European Structured Finance Group in London, focusing primarily on energy and transportation. He returned to New York in 1995 as a senior member of the Infrastructure Group, a joint venture between the Investment Banking and Fixed Income Divisions.

In 1997, Mr. Turbeville founded the Kensington Group as its Managing Partner. The firm focused on financial advisory services and private equity investment in domestic and international energy, environmental and telecommunications sectors. Mr. Turbeville became Chief Executive Officer of VMAC LLC in late 2002. He led the development of an innovative business model for the post-trade management of credit exposures in over-the-counter derivatives transactions, adapting many of the characteristics of traditional clearing for initial application in the OTC energy markets. Mr. Turbeville left VMAC in late 2009 to devote his efforts to financial reform, energy and environmental policy issues. Prior to joining Better Markets in October 2010, he published nearly 30 articles concerning financial reform, energy, the environment and political opinion.

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