Bruce Bent ll is one of the most recognized entrepreneurs for pioneering innovative solutions related to cash management, retail markets, banking, qualified planning, and brokerage-dealings. He is the Vice Chairman and President of Double Rock Cooperation which is the leading financial-technological company. Thanks to his vision and entrepreneurial drive, there has been a great expansion of FDIC insured programs and technical advancement of cash sweep. Mr. Bent acquired a Bachelor of Science in Philosophy from Northeastern University.
For 17 years, he was a manager and C.E.O who was responsible for managing the development of the Reverse- money market mutual fund and FDIC cash management business. After the 2008 financial crisis, Bruce Bent systematically liquidated and sold some of the company’s affiliates and subsidiary. Before the 2008 financial disaster, he was the president of the Reserve which was known worldwide for being the largest money market instituting and was second largest in offering money market funds around the world. The Reserves headquarter was in New York and had employed over 300 staff nationally. There were great expansion and diversification of markets for the distribution of product lines which all happened under Bents management.
Bent is an entrepreneur who has continued to be in some ventures which include business consultation, pharmaceuticals, health care financing, asset management, consumer goods, and financial technologies. Previously, he was a financial chairman of its Gotham Chapter in Manhattan. He is in the Young Presidents Organization which is a network which connects close to 10,000 young business leaders globally. Bruce Bent ll is also a board member of the 99 Jane Street Condominium associations.
Bent believes that people should be given opportunity according to their performance but not to their level of education. Though he knows that most people do not support his opinion, he says that to be successful, one doesn’t have to go to college. Bent says that among the people who have influenced his thinking is his father. This is because he encouraged innovation and assured him that no idea is bad. He is also encouraged and learns a lot from those who embrace their ideas.