Who We Are

Mission

Our mission is to actively support and finance investments in the State’s infrastructure. The Infrastructure Bank does so through a variety of means, including the issuance of bonds, originating loans and making grants, and the engagement with and mobilization of sources of public and private capital. Through its activities, the Bank fosters infrastructure improvements that create jobs, promote economic development and enhance the environment.

Overview

Rhode Island Infrastructure Bank is Rhode Island’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners. We leverage limited capital in a revolving fund to offer innovative financing for an array of infrastructure-based projects including

  • water and wastewater
  • road and bridge
  • energy efficiency and renewable energy
  • brownfield remediation

These quality of life projects improve the State’s infrastructure, create jobs, promote economic development and enhance the environment.

Established by the Rhode Island General Assembly in 1989 as the Clean Water Finance Agency, the Infrastructure Bank’s mandate was significantly expanded in 2015 to include energy and brownfield remediation initiatives. The Infrastructure Bank’s expanded mandate has significantly enhanced its ability to provide competitive financing to a broad variety of infrastructure-based projects. In conjunction with the expansion of its charter, the Infrastructure Bank was rebranded to better reflect its mission and service capabilities.

Our Team

jeffrey diehl

Jeffrey R. Diehl

Executive Director and Chief Executive Officer
Jeffrey R. Diehl is the Executive Director and CEO of Rhode Island Infrastructure Bank. Jeff has over 40 years of experience in public finance and prior to this role was the Managing Partner of Strategic Sovereign Advisors LLC, a consulting firm advising governments and financial institutions. Previously, he held various senior positions at HSBC, a global financial institution, including Vice Chairman–US Public Sector and Global Head of Public Sector Banking. He holds BA and MBA degrees from the University of Michigan.
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Eileen Rose

Chief Financial Officer and Chief Operating Officer
Eileen Rose is a certified public accountant and certified internal auditor, and has extensive experience in financial operations, external audit, internal audit and management consulting across the retail, manufacturing and government industries with a focus on management decision support. Prior to joining Rhode Island Infrastructure Bank, she served as CFO of the Massachusetts Teachers Association as well as CFO of The Hubbell Group, a Boston based strategic communications firm. Eileen has also held positions in organizations including PricewaterhouseCoopers, where she provided advisory services for a variety of clients, including financial system implementations, internal audit innovation, and financial operations transformation. Throughout her 30-year career in accounting, auditing, and IT systems implementation, she has built a reputation for strategic thinking, process improvement, policy implementation and strong oversight over accounting and finance operations. Eileen takes pride in the operation of management support systems that complement and advance overall business strategy. Eileen holds a degree in Economics from the College of the Holy Cross in Worcester, Mass., and an MBA from Babson College in Wellesley, Mass.

Anna M. Coelho Cortes

Director, Customer Engagement

Julia Frantz

Financial Analyst

Robin Hedges

Director, Program Operations

Marcelina C. Jackson

Program Operations Associate

Kimberly Korioth

Stormwater and Resilience Analyst

Paige Myatt

Aquidneck Island Regional Resilience Coordinator

Vacant

Managing Director, Program and Business Development

Lilit Rose

Transaction and Compliance Analyst

Angela Tuoni

Business Development Analyst

Sydney Usatine

Senior Business Development Analyst

Kenneth C. Viera

Director, Controller

Suh Walker

Executive Assistant

Board of Directors

Vahid Ownjazayeri

Chair

Scott D. Lajoie

Vice Chair

Joshua Celeste

Secretary

Seth Magaziner

Treasurer | Rhode Island General Treasurer

ROBERT DONOVAN

Assistant Secretary