Susan Borries Reed

Susan Borries Reed


Managing Director

+1 (317) 465 1536

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Susan Reed is a director with Baker Tilly Municipal Advisors, LLC. Her practice area includes overseeing disclosure documents and rating preparation for clients issuing municipal bonds at the time of bond sales as well as post issuance. She works with issuers to assist with financial management policy development, including debt, liquidity and reserve and financial transparency, disclosure policy development and capital planning. Within the firm, Susan also assists with compliance efforts related to the firm’s municipal advisory activities. Susan also is one of the leaders for environmental, social and governance (ESG) related considerations for public sector clients, including considerations around green, social and sustainable bond issues, planning and disclosure considerations.

Susan previously worked with communities across Indiana as director of economic development and community services for the Indiana Municipal Power Agency. Susan is a licensed attorney in Indiana and South Carolina and has worked as bond counsel for an Indiana law firm.

  • Environmental, social and governance leadership team
  • Prepares organizations for ESG attestation readiness and subsequent sustainability attestation engagements
  • Accelerate Indiana Municipalities, Finance Committee
  • Municipal Securities Rulemaking Board’s Market Transparency Advisory Group
  • National Association of Municipal Advisors, member
  • National Association of Bond Lawyers, member
  • Government Finance Officers Association, member
  • Indiana Women in Public Finance, member
  • East Central Indiana Regional Partnership, current board member, past-chairperson and executive committee member
  • Mid-America Economic Development Council (a ten-state regional economic development organization), past president, executive committee, co-communications committee chairperson
  • Indiana Economic Development Association
  • American Public Power Association
  • Frequent presenter on topics related to compliance with disclosure and post-issuance compliance, financial management policy development, including reserve/liquidity policies, debt policies and disclosure policies, ESG and the rating process
  • American Public Power Association (APPA) Named a Rising Star in Public Power by APPA in 2011


Indianapolis, IN


Juris Doctor
Indiana University School of Law

Bachelor of Arts in communications, political science
Purdue University


Admitted to the Indiana Bar and South Carolina Bar


Registered municipal advisor with the Securities and Exchange Commission