Contact: Stu Kantor, 202-261-5283, [email protected]      

WASHINGTON, DC, October 29, 2018—Friday, Bank of America announced the death of Terrence P. Laughlin, its vice chairman and head of Global Wealth and Investment Management.

Laughlin, 63, had been a trustee of the Urban Institute since 2015.

“Terry was so much more than a trustee. He was the rare individual who brought selfless commitment, profound knowledge, rich experience, and a gracious, collegial demeanor to our work in improving America’s communities,” said Jamie Gorelick, chair of the Institute’s board of trustees. “He will always be a model for us in our work and in our lives.”

“The entire Institute has benefited from Terry’s board service, most particularly our Housing Finance Policy Center. Terry, drawing upon lessons from the mortgage crisis, spurred the center to address mortgage servicing and was central to the creation of a consumer-industry collaborative at HFPC. In short order, some collaborative recommendations were being considered by federal agencies,” said Sarah Rosen Wartell, Urban’s president. “It was a special privilege to have Terry as a colleague and an Institute champion.”

The nonprofit Urban Institute is a leading research organization dedicated to developing evidence-based insights that improve people’s lives and strengthen communities. For 50 years, Urban has been the trusted source for rigorous analysis of complex social and economic issues; strategic advice to policymakers, philanthropists, and practitioners; and new, promising ideas that expand opportunities for all. Our work inspires effective decisions that advance fairness and enhance the well-being of people and places.