Philip Shapiro is a Senior Partner experienced in the financial sector and provides investor relations, cost management, revenue procurement and overall economic expansion skills to his clients.
He is the Chairman of the Board of ISO New England, Inc. Philip assumed that position in April 2014 and has been a Director since 2010. He is Vice-Chairman of the Board of the MA Educational Finance Authority.
Mr. Shapiro is the Interim Vice President for Administration and Finance at Simmons College and served as Vice President of Finance and CFO at Babson College from 2005 to 2014. Babson had experienced operating losses of over $35 million in the six years prior to his arrival. In the years he was at Babson the College had operating gains of over $45 million. He transformed the College’s finances and established five year financial plans which were transparent to the College community including faculty, trustees, alumni, students and staff.
From 1993 to 2005 he was a Managing Director in Public Finance at Standard and Poor’s Ratings. He established and managed its New England office in Boston and was responsible for the investor relations activities of Standard & Poor’s Public Finance. He chaired rating committees for several New England states and the Commonwealth of Puerto Rico and worked on both general obligation and revenue bond credits in New England and Puerto Rico. He also oversaw the other S & P offices outside New York, including Dallas, San Francisco and Chicago.
Mr. Shapiro led the financing of the $4 billion Boston Harbor Clean-up from 1984 to 1993. He was hired by former Gov. Michael Dukakis to establish the Massachusetts Water Resources Authority as Acting Executive Director and then served as Chief Financial Officer of the MWRA, responsible for the financial, procurement and real estate planning functions. Among his previous positions were Budget Director and Director of Investor Relations at Bank of New England Corp., Executive Director of the MBTA Advisory Board and Special Assistant to former Governor James B. Longley (I) of Maine.
He has thirty five years of public and private sector financial and management experience. Mr. Shapiro is or has been a member of NACUBO, the Government Finance Officers Association, the Boston Economic Club, the National Federation of Municipal Analysts and was Vice President of the Boston Municipal Analysts Forum. He is a former adjunct lecturer in Public Policy at the John F. Kennedy School of Government at Harvard University and taught the course ‘Water in America’ at Babson College. In 2010 Mr. Shapiro was named non-profit ‘CFO of the Year’ by the Boston Business Journal. He served two three year terms as a Selectman in Westwood, MA and was Chairman for two years. Mr. Shapiro holds a B.A. degree from Amherst College, M.Ed. in higher education from the University of Maine/Orono and an M.B.A. degree from Boston College.