# Bill Mulvey Vice President, Operations, Development Corporation for Israel. Email [email protected]. Phone P 212-446-5828. Mulvey is the DCI Operations principal coordinating the operational mechanics of the planned APERS Israel Bonds purchase. On 6/30/2025 1:31 PM Mulvey emailed Christopher Igo (BNY), Carlos Borromeo (APERS CIO), and Usha Doolabh (APERS Investments Accounting Operations Manager) with the BNY-format sample statement attached, cc Lawrence Berman, Bradley Young, and Brian Shea (BNY). Mulvey's note: "Thank you all for taking the time to speak with us today, we appreciate it. Enclosed is a sample statement that holds 4 bonds, 2 in book entry, two in certificate form. We can have these generated and emailed to you on any interval you wish. If anyone has any questions at all, feel free to reach out to me anytime." The attached sample statement (3 pages, "SAMPLE STATEMENT BOOK OR CERT.pdf") was the actual State Treasurer's-office Israel Bonds custodial statement dated 5/5/2025 for "ARKANSAS STATE TREASURER" (Holder Account Number C0018477645) showing the Treasurer's $55M position broken down by 7 CUSIP-level holdings. The statement was sent as a "sample" to BNY/APERS to demonstrate the operational format APERS would receive after purchasing Israel Bonds. The State Treasurer's Israel Bonds custodial relationship is therefore documented as Computershare (per the statement footer "Computershare / PO Box 43038 / Providence, RI 02940-3038 / 866 764 3425") rather than BNY directly. APERS's planned custody arrangement appears to use BNY as the institutional asset-services intermediary while DCI's underlying recordkeeping is via Computershare's IsraelBondsDirect platform. Mulvey is the fourth named DCI Institutional Sales/Operations principal in the wiki (after Berman as National Managing Director, Garawitz as VP National Sales, and Jimenez as Associate Director National Sales). Mulvey's Operations role complements the Sales-side trio: Berman/Young/Garawitz/Jimenez handle institutional sales pitches; Mulvey handles the back-office operational integration with the buyer's custodian. The 6/30/2025 Teams call documents the first APERS Bond-purchase operational coordination; Borromeo's same-day reply to Gilson notes "I just had a video teams call regarding the Israel bond purchase. As of this email, no bonds have been purchased. The APERS investment team, custodian, and consultant met to discuss the back office details. Accounting, delivery, maturity, coupon payments, etc." ## Evidence > "Thank you all for taking the time to speak with us today, we appreciate it. Enclosed is a sample statement that holds 4 bonds, 2 in book entry, two in certificate form. We can have these generated and emailed to you on any interval you wish. If anyone has any questions at all, feel free to reach out to me anytime." > Bill Mulvey to Christopher Igo (BNY), Carlos Borromeo, Usha Doolabh, IB_FOIA_JUL_25_Reviewed.pdf p.33, 6/30/2025 1:31 PM > "Bill Mulvey / Vice President, Operations / E [email protected] / P 212-446-5828 / Development Corporation for Israel" > Mulvey email signature, IB_FOIA_JUL_25_Reviewed.pdf p.33 ## Cross-References [[bny]] APERS custodian coordinating with Mulvey on operational mechanics [[carlos-borromeo]] APERS CIO coordinating the Israel Bonds purchase [[usha-doolabh]] APERS Investments Accounting Operations Manager [[lawrence-berman]] [[brad-young]] [[stuart-garawitz]] [[luis-jimenez]] DCI Sales-side colleagues [[apers-israel-bonds-authorization]] [[apers-foia-r1-7-7-25]] concept and source pages ## Treasury R1 7-7-25 production: Mulvey's Treasury-side operational coordination dates to November 2023 The Treasury R1 batch documents Mulvey's Treasury-side operational coordination role dating back to November 2023, predating the documented APERS engagement by 19 months. **The 11/1-11/2/2023 wire-pending troubleshooting (Walther era).** Mulvey was on the To: distribution for Berman's 11/1/2023 1:58 PM wire-pending message to Pulley. The thread documents Mulvey coordinating with Mark Ng on Computershare-side reconciliation when the $10M Walther wire failed to clear. Berman's 11/2/2023 11:41 AM post-event thank-you: "Thanks to Bill and Mark, we were able to get Computershare to accept the wire even though it came in after the contracted deadline for wires." Mulvey is therefore documented as the DCI Operations point-of-contact on Treasurer's-office wire troubleshooting from at least 11/1/2023. **The 4/16/2025 Book Entry migration coordination (Thurston era).** Mulvey was on the cc list for Berman's 4/16/2025 12:06 PM rate-sheet email to Pulley, with Berman specifically introducing Mulvey to Treasury for the Book Entry custodial migration: "I've copied our head of operations Bill Mulvey on this email, and he would be happy to work with your team to make that happen." Mulvey's 4/17/2025 10:24 AM reply to Celeste Gladden explained the Book Entry format mechanics: > Hi Celeste, the process of purchasing for you won't change at all and you will still receive statements and confirmations as usual. The statement will have one minor change (Total Certificated Amount becomes Total Book Based Amount – image enclosed). > > Without the need for you to coordinate the return of maturing certificates, the book based method has payment instructions hard coded to your account, so all interest and maturity payments are queued up well in advance and go out automatically (and never have to worry about a missing Fedex/storm delay/anything). If you ever need to make any changes, you and I can coordinate without paperwork requirements. I can also create ad hoc statements if you ever need them, with whatever dates you need (quarterlies/annual/fiscal year ending, etc.). Mulvey is therefore documented as the DCI Operations principal who walked Treasury through the Book Entry migration in April 2025, parallel to his subsequent 6/30/2025 work walking APERS/BNY through the same operational format. The Treasury Book Entry migration completed before the APERS engagement; Mulvey's APERS work draws on the operational template established with Treasury. The wiki's prior framing of Mulvey as a primarily-APERS-side operational principal is now refined: Mulvey is the DCI Operations principal for all institutional customer onboarding to Book Entry custodial format, with the Arkansas State Treasurer's office as a documented prior customer of this migration pathway. [[treasury-foia-r1-7-7-25]] source page [[celeste-gladden]] Treasury wire operations principal Mulvey coordinated Book Entry migration with [[mark-ng]] DCI Registered Principal Associate Director Central Processing; Mulvey's Operations counterpart in the 11/2023 wire-pending troubleshooting ## Securities production: CRD #2760487, Principal Operations Officer effective 05/2019 The Arkansas Securities Department FOIA production at [[securities-foia-r1-4-20-26]] documents Mulvey's CRD-level identification and his Direct Owners role at DCI: > "MULVEY, WILLIAM JAMES JR | Individual | PRINCIPAL OPERATIONS OFFICER | 05/2019 | Less than 5% | N | N | 2760487" > ASD-023_Direct-Owners-Executive-Officers-CRD-Redacted.pdf, page 2 Mulvey holds CRD #2760487 with a Direct Owners effective date of May 2019 in the Principal Operations Officer role. Mulvey does NOT carry the Control/Influence Y flag on the Direct Owners filing; he operates at the Direct-Owners senior-operations-officer level under the Control/Influence Y operational tier (Naveh, Garawitz, Horvath, Kruger). The 05/2019 Principal Operations Officer effective date precedes Mulvey's first wiki-documented Treasury engagement (the 11/2023 Walther wire-pending troubleshooting) by approximately four-and-a-half years. The role designation as "Principal Operations Officer" is structurally distinct from [[erik-kruger]]'s "Financial Operations Principal" role; both officers carry operations-titled roles at the Direct-Owners filing level, with Kruger covering the financial-operations function and Mulvey covering the broader operations/custody-coordination function. Mulvey is not on the AR Registered Broker-Dealer Agents list at ASD-151. His role is operational-coordination at the firm level rather than sales-agent at the state level. [[securities-foia-r1-4-20-26]] source page [[development-corporation-for-israel]] DCI; broader senior-leadership context [[erik-kruger]] DCI Financial Operations Principal / CFO; parallel operations-titled role at the Direct Owners level