Peter Shapiro has died after a long battle with respiratory illness

Peter Shapiro, a distinguished figure known for his impactful contributions in finance, public service, and academia, died on March 28 due to respiratory failure after a long battle with illness. He was 72 years old.

Remarkable achievements and diverse roles marked Shapiro’s professional journey. Before his retirement, he served as the Senior Managing Director and Founder of Swap Financial Group, LLC, a leading independent advisor specializing in swaps and complex financial structures.

Shapiro was previously a Senior Vice President at Citibank, where he led the municipal derivatives business and the public finance department.

At 23, he was the youngest person ever elected to the General Assembly, a place more accustomed to middle-aged members doing the job part time, but Shapiro took the position seriously, working at it full time, and he surprised voters who were used to being neglected by opening a constituent office.

His commitment to public service was evident during his tenure as Essex County Executive from 1978 to 1986, where he played a pivotal role in steering the urban center towards progress and development.

In 1985, he became the Democratic nominee for Governor of New Jersey, showcasing his dedication to civic leadership and governance.

Shapiro’s impact extended beyond his professional and political endeavors. As a guest faculty member at Fairleigh Dickinson University, he shared his wealth of knowledge and experience with future generations of leaders and professionals.

Joseph N. DiVincenzo, Jr., Essex County Executive, expressed deep sadness at Shapiro’s passing, highlighting his role in shaping Essex County’s trajectory and his enduring legacy as a role model and mentor.

Friends and colleagues remember Shapiro fondly for his intelligence, wit, and kindness. Gerri Gruber recalled him as extremely smart and friendly, while Rabbi Dennis Tobin praised him as a wonderful and gifted individual. Dan Swanson reflected on Shapiro’s unwavering courage throughout his illness, emphasizing his enduring impact and character.

Peter Shapiro’s passing leaves a void in the realms of finance, public service, and education. His legacy as a dedicated leader, mentor, and visionary will continue to inspire and guide those who had the privilege of knowing him.

He is survived by his widow, Bryna Linett, their son, Samuel, and two sisters, Nancy and Margaret (who goes by Pooh) Shapiro. He also leaves a legacy of accomplishments that will be remembered with respect and admiration, and his memory is a blessing to all who knew him.