Senior Vice President
Ms. Rosenberg is Senior Vice President of Fiduciary Counselors Inc. She has more than thirty years of experience in corporate finance and pensions, with a concentration in corporate restructurings, workout, and bankruptcies.
Ms. Rosenberg has served as a senior executive of Fiduciary Counselors Inc. since 2004. She is a member of the company’s Investment Committee and has served as the lead consultant on numerous client engagements including those related to company stock funds, prohibited transaction exemptions, performing and nonperforming real estate investments, and mergers & acquisitions of closely held companies. She also leads the firm’s valuation practice.
Ms. Rosenberg is a consultant on behalf of clients with defined benefit pension plans. She assists companies, creditors committees, and other applicable parties with pension plan terminations, pension funding issues, and potential Pension Benefit Guaranty Corporation (PBGC) intervention in corporate transactions and bankruptcies. Ms. Rosenberg serves as an expert witness with respect to these issues.
With her extensive background in the distressed arena, Ms. Rosenberg serves as the firm’s appointee on creditors and equity committees.
Ms. Rosenberg joined Fiduciary Counselors in 2004 from the PBGC, where she served for twelve years. She was a manager in the Corporate Finance & Negotiations Department, where she was responsible for credit analysis and negotiations with major corporate pension plan sponsors in a wide range of industry sectors including aviation, automotive and steel.
Ms. Rosenberg was a principal architect of the PBGC’s Early Warning Program and successfully negotiated the restructuring of over $18 billion of pension debt in more than 100 transactions with major corporations both in and out of bankruptcy. She led PBGC’s negotiations to settle claims in numerous bankruptcies including TWA, United Airlines, US Airways, LTV Steel, Bethlehem Steel and Kaiser Aluminum, where the pension claim was often the largest creditor in the proceeding. Additionally, Ms. Rosenberg led PBGC’s involvement in the Northwest Airlines prohibited transaction exemption and minimum funding waiver request. She also served as PBGC’s appointee on creditors committees and as an expert witness in a key litigation case.
Prior to serving at PBGC, Ms. Rosenberg was the Capital Markets Manager and Cash Manager at MCI Communications Corporation, where she analyzed investment bankers’ capital structure proposals and managed the pension asset managers and pension asset allocations.
Ms. Rosenberg received her B.S. degree in Finance from the University of Maryland, her M.B.A. in Finance from The George Washington University and a Certificate in Government Affairs from Georgetown University. She is a Chartered Financial Analyst (CFA), a Certified Insolvency and Restructuring Advisor (CIRA), and holds a Certification in Distressed Business Valuation (CDBV). Ms. Rosenberg teaches courses on pensions and valuations. She is a frequent author and speaker on financial and pension matters and is widely quoted as an expert in these subjects.
- “PTE 84-24 and Pension Plan Transactions Involving Insurance Agents or Brokers, Pension Consultants or Mutual Fund Principal Underwriters” by Laura Rosenberg and Ivan Strasfeld, June 2014.
- “An INHAM Audit Will Keep You Out Of Sticky Compliance Issues” by Laura Rosenberg and Ivan Strasfeld. May 2013.
- “A QPAM Audit Will Keep You Out Of Sticky Compliance Issues” by Laura Rosenberg and Ivan Strasfeld. May 2013.
- “Shut Down and Pay Up,” by Laura Rosenberg, AIRA Journal, Vol. 20, No. 3, August/September 2006.
- “Understanding PBGC’s Role in Bankruptcy,” The Journal of Corporate Renewal, August 2006.
- “The Pension Woes of US Legacy Airlines,” by Laura Rosenberg and Bill Beyer, INSOL World, Third Quarter 2005, pp. 19-20.
- “Fasten Your Seat Belt. We Are Encountering Pension Turbulence,” by Laura Rosenberg and Bill Beyer August 2005.
- “Shutdown and Pay Up,” Published with permission from the AIRA Journal, (Vol. 19, No. 1) April/May 2005.
- “Cash or Credit: The Administration’s Proposal to Make Companies with Junk Credit Ratings Put Extra Cash into Their Pension Plans,” March 1, 2005.
Reproduced with permission from BNA Pension & Benefits Reporter, Vol. 32, No. 9, pp. 519-523 (March 1, 2005). Copyright 2005 by The Bureau of National Affairs, Inc. (800-372-1033)
- “Glossary of Key Terms for Employee Benefits in Bankruptcy,” May 2004.
Senior Vice President
Fiduciary Counselors Inc.
One Metro Center
700 12th Street NW, Suite 700
Washington, DC 20005
Tel: (202) 558-5135