Investment Teams

Doug, a managing director, developed the Large Cap Advantage Equity investment process and is the portfolio manager for the Large Cap Advantage core, growth, and value portfolios. He is responsible for directing the quantitative efforts of the Large Cap Advantage team and overseeing the respective research group. Prior to joining the firm in 2002, he worked for Penn Street Advisors Inc., the Penn Street Funds, The Vanguard Group, Rittenhouse Financial Services, and CoreStates Investment Advisors. Doug holds the Chartered Financial Analyst designation and is a Chartered Market Technician. He is a member of the Financial Analysts of Philadelphia, the Philadelphia Securities Association and the National Association of Business Economists. He earned his Bachelor of Science in finance from Penn State University and his Master of Science in finance from Drexel University.

Ruairi is a senior portfolio manager on the Advantage Equity team and the lead manager for the Dividend Focus strategy. He provides the team's research coverage on the Pharmaceutical, Biotechnology, Medical Device, and Health Care Services industries. Prior to joining the firm in 1998, Ruairi worked in the Dublin, Ireland office of a former PNC Bank affiliate. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and CFA Society of Philadelphia. He received his Bachelor of Commerce degree in accounting and finance from University College Cork in Ireland and his master's degree in business administration from St. Joseph’s University in Philadelphia.

Mark is a senior portfolio manager on the Advantage Equity team and provides research coverage on the Financial Services sector. Prior to joining the firm in 2003, Mark held positions with the Pennsylvania Trust Company, Penn Mutual Life Insurance, Ryan, Beck & Co. and CoreStates Investment Advisors. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute. He received a B.S. in business administration and an M.S. in finance from Drexel University.

Steve is an analyst with the Large Cap Advantage team, providing research coverage on companies in the retail, automotive, restaurant and Internet retail industries in the Consumer Discretionary sector, as well as food and staples retailing in the Consumer Staples sector. Prior to joining the firm in 2006, Steve worked with Parker/Hunter Inc. and Prudential Financial. He received his M.B.A. in finance from the Katz Graduate School of Business at the University of Pittsburgh. Steve also attended the University of Pittsburgh for his undergraduate studies, where he received a B.A. in economics and business, as well as a certificate in accounting.

Mike, an investment research associate with the Large Cap Advantage team, conducts quantitative and technical equity analysis within a portfolio management framework. He analyzes potential investments and current holdings on a technical basis, and he builds and refines quantitative models for use in portfolio management and stock selection processes. Prior to joining the firm in 2012, he had co-op experience as an equity and quantitative research assistant at PNC. Mike was valedictorian and has a B.S. in business administration/economics from Drexel University.

Paul is an analyst with the Large Cap Advantage team, providing research coverage on companies within the Energy and Utilities sectors. Prior to joining the firm in 2006, Paul worked with Pitcairn Financial Services, General Accident Insurance and Alex Brown & Sons. He is a member of the Philadelphia Financial Analysts Society and the National Association of Petroleum Investment Analysts (NAPIA). He received his B.A. and M.B.A. degrees from Loyola College in Baltimore.

Bill is an analyst with the Large Cap Advantage team, providing research coverage on companies in the Information Technology sector. Prior to joining the firm in 1984, Bill worked with Fidelity Bank and with a private consulting firm in Radnor, Pa. Bill has a B.S. in business administration and an M.B.A. from the University of Delaware. He holds the Chartered Financial Analyst designation, and he is a member of the CFA Society of Philadelphia and the Philadelphia Securities Association.

Joe is an analyst with the Large Cap Advantage team, providing research coverage on companies in the Media, Gaming, and Lodging industries within the Consumer Discretionary Sector; Beverages, Household & Personal Products, and Foods industries within the Consumer Staples sector; and the Telecommunications sector. He began his investment career with the State of New Jersey Division of Investments, then joined New Jersey National Bank, First Pennsylvania Bank, and Merrill Lynch before joining the firm in 1988. Joe holds the Chartered Financial Analyst designation. He earned his Bachelor of Science in business administration with concentrations in finance and marketing from Drexel University.

Mike is an analyst with the Large Cap Advantage team, providing research coverage on companies in Industrials, Materials and Managed Care. Prior to joining the firm in 2006, Mike worked with Weik Investments, Cypress Capital Management, LLC, the Philadelphia Investment Management Group and Koch Industries. He received his B.S. from Temple University and his M.B.A. from La Salle University, where he majored in finance.

Maureen directs risk management for the Large Cap Advantage team, overseeing trade processing and ensuring that all accounts are invested in accordance with the client investment policy statement and in line with the model portfolios. She previously was director, equity trading for the Large Cap Advantage portfolios. She joined the firm in 2005, coming from LaBranche Financial Services, where she was vice president of institutional sales trading. Prior to that, Maureen was vice president of institutional sales for Abel Noser Corp., and head trader at Corestates Financial. Maureen holds a B.S. in finance from St. Joseph's University in Philadelphia.

Gordon, a managing director, leads the Select Equity investment team that manages the Small Cap Equity, All Cap Equity, and Mid Cap Value styles utilizing the same cash-flow-oriented investment approach. He started the small cap product in 1994 and has provided overall investment direction and management to the team since inception. Prior to joining the firm along with the team in 2004, he was president and chief investment officer of Allegiant Investment Counselors, Inc., which he joined in 1985 as an assistant portfolio manager. Gordon holds a B.S.B.A. and an M.B.A. with specialization in finance from Southern Illinois University.

Jed is a senior analyst on the Select Equity investment team that manages the Small Cap Equity, All Cap Equity, and Mid Cap Value styles. He provides security analysis and idea generation to the portfolio management process. He joined the firm in 2008 from Wachovia Capital Markets, where he was an associate analyst covering leisure and consumer discretionary. Prior to Wachovia, he was an investment analyst at Jeffry Slocum & Associates, an investment consultant. Jed earned a B.S. from the University of Northern Iowa with majors in finance and economics and is a CFA charterholder.

James, a senior portfolio manager on the Select Equity investment team that manages the Small Cap Equity, All Cap Equity, and Mid Cap Value styles, specializes in managing the team’s equity research process. Consistent with the generalist approach, he serves in the capacity of analyst and portfolio manager. James, who joined the firm along with the team in 2004, has been with the core team since its founding in 1994. He holds a B.S.B.A. with a specialization in finance from Southern Illinois University and a Master of Finance degree from St. Louis University.

Peter, a portfolio manager on the Select Equity investment team that manages the Small Cap Equity, All Cap Equity, and Mid Cap Value styles, specializes in managing the team’s equity research process. Consistent with the generalist approach, he serves in the capacity of analyst and portfolio manager. Peter, who has been with the team since 2003, joined the firm along with the team in 2004. He held positions previously with Allegiant Bancorp, Banc of America Securities, LLC and Nuveen Investments. Peter holds a B.A. in English from the University of Dayton and an M.B.A. from Washington University’s Olin School of Business. He is a CFA charterholder.

Lisa is a senior analyst on the Select Equity investment team that manages the Small Cap Equity, All Cap Equity, and Mid Cap Value styles. Her responsibilities include security analysis and idea generation within the portfolio management process. Lisa, who joined the firm along with the team in 2004, has been with the core team since its founding in 1994. She holds a B.S. in finance and management from Southern Illinois University.

Aneet is head equity trader and supports the Select Equity and Large Cap Advantage investment teams. He manages the firm’s equity trading operation and also sits on various internal committees, such as Soft Dollar, Fair Value and Risk Management. He joined the firm in 2007 from Chicago Equity Partners, LLC, where he was a director and equity trader. Aneet holds a B.S.B.A. in finance from the University of Louisville and is a CFA charterholder.

Hitesh, a managing director, leads the Structured Equity team which focuses on small cap core, growth and value strategies. Prior to joining the firm in 2005, he served as director of quantitative research at Harris Investment Management. He has over 20 years of quantitative research and portfolio management experience. Hitesh received his B.S. in pharmacy from University of Gujarat, M.S. in pharmaceutical chemistry from Bombay University and his Ph.D. in medicinal chemistry from University of Illinois at Chicago.

Paul is a senior portfolio manager for the Structured Equity team. He formerly served as team leader for small cap strategies and portfolio manager at Harris Investment Management for a small-cap opportunity fund, a small-cap aggressive growth fund, a small-cap value fund and separate accounts managed in these same styles. He has over 20 years of portfolio management and investment research experience. Paul, who joined the firm in 2005, received his B.S. in mechanical engineering from Northwestern University and his Master of Finance from the J.J. Kellogg Graduate School of Management at Northwestern. He is a CFA charterholder.

Chen is a quantitative analyst on the Structured Equity team in Chicago. Prior to joining the firm in 2005, Chen was a research assistant with the Department of Information and Decision Sciences of the University of Illinois at Chicago. At Chicago, her work included microstructure market model estimation utilizing Sequential Monte Carlo method and index portfolio construction with statistically smoothed capitalization weights. Chen holds a B.S. in mathematics from Nanjing University, an M.S. in econometrics from Fudan University, and a Ph.D. in business statistics from the University of Illinois in Chicago.

Jonathan is a senior quantitative systems analyst and member of the Structured Equity team in Chicago. Prior to joining the firm in 2005, he was a senior systems consultant with Harris Bank and Harris Investment Management, Inc. For more than 20 years, Jonathan has developed custom software solutions for Equity, Fixed Income, Foreign Exchange and Foreign Exchange Options trading desks, as well as software for middle and back office functions. At Harris Investment Management, he was also responsible for developing software applications and day-to-day support of all research and investment systems. Jonathan has a B.S. in computer science from Northeastern Illinois University.

Becky is an equity trader responsible for supporting the Structured Small Cap and Large Cap Advantage investment teams. She joined the firm in 1999. Before becoming an equity trader, she was a member of the money market team, trading for all of the firm's funds. Previously, she was an account manager with Gratry and Company where she traded, reported performance, and handled administration for a group of investment clients. Becky holds a B.S. from Kent State University and an M.B.A. from Cleveland State University, and she is a member of the Cleveland Security Traders Association.

Martin, a managing director, leads the firm's International Equity team. His previous investment experience includes positions in equity research and portfolio management. Prior to joining the firm in 1998, he was a portfolio manager with National City Corporation. Martin received a B.A. in international relations from Cornell University, graduating magna cum laude, an M.B.A. in international business and a J.D. from George Washington University, and a Master of Strategic Studies from the U.S. Army War College. Martin is fluent in German and French.

Calvin is a senior analyst/portfolio manager with responsibilities for research and analysis on Asian growth-oriented securities. Prior to joining the firm in 2008, he was an analyst and portfolio manager with Driehaus Capital Management, where he covered China, Taiwan, and Korea and helped manage its International Select Portfolio Fund. Previously, he served as an advisory client representative for IBM and as a diplomat in the Foreign Affairs Office of Guangdong, China. Calvin holds a B.A. in English and computer science from the South China University of Technology and an M.B.A. from the University of Rochester.

Scott is an equity analyst providing research coverage on companies in the United Kingdom and is the dedicated trader for the International Growth team. Scott transitioned to equity analysis in 2010 and has been the equity trader for the International Growth equity investment team since joining the firm in 2007. He was previously a NASDAQ market maker/trader with KeyBanc Capital Markets. Prior to that, he was a proprietary floor trader at the Chicago Board of Trade, trading Treasury futures. Scott holds a B.A. from Brown University and an M.B.A. from Case Western Reserve University.

Andy is the chief investment officer for Fixed Income and chair of the firm's Investment Committee. Andy leads the strategy and performance for all taxable fixed income investments and also serves as the Fixed Income team’s mortgage security specialist, bringing more than 30 years of experience in research and fixed income to the firm. Prior to joining the firm in 2000, he was senior vice president of Mortgage-Backed Securities Trading at McDonald Investments. Andy holds a B.S. in civil engineering from Princeton University and an M.B.A. from Baldwin-Wallace College.

Pat, a fixed income portfolio manager, joined the team in 2005. Formerly he served as a retail bank deposits analyst, then as a corporate finance department analyst with the firm. Prior to that, he spent three years in institutional client services at Federated Investors. Pat holds a B.S. from the University of Pittsburgh and an M.B.A. from Carnegie Mellon University. He also is a CFA charterholder.

Jeff is a credit analyst for the Fixed Income investment team, specializing in corporate bonds. He provides security analysis and idea generation to the portfolio management process. Prior to joining the firm in 2005, he held positions at Deutsche Bank and Lockheed Martin. Jeff is a summa cum laude and Beta Gamma Sigma graduate of Loyola University - Maryland, where he received his bachelor's and master's degrees in business administration with a concentration in finance.

Cindy is a senior member of the Fixed Income team with responsibility for custom strategies and liability-driven investing. She has over 25 years of investment experience including positions in insurance company portfolio management, research, and portfolio strategy. Prior to joining the firm in 1999, she was the corporate bond portfolio manager for Ohio Casualty Group. Cindy received a B.S. from Tri-State University and an M.B.A. from Xavier University.

Tim is the lead portfolio manager for the Core and Core Plus fixed income products, as well as co-lead of the Credit Research team. His responsibilities include integrating investment-grade and high yield resources and implementing credit portfolio strategies. He was an investment-grade bond trader for Goldman Sachs Asset Management prior to joining the firm in 2003. A CFA charterholder, Tim possesses a B.S. from Case Western Reserve University and an M.B.A. from the University of Chicago.

Donna is the co-lead for all structured product research. She is a senior structured credit analyst focusing on MBS, CMBS and ABS securities. Prior to joining the firm in 2007, Donna was a structured finance portfolio manager/analyst at Sequity Capital, Mutual of Omaha and T. Rowe Price Associates. Donna was responsible for the research, analysis and portfolio management of the structured finance investments, and the credit analysis of issuers and servicers. She was a member of the committees which reviewed potential fixed income investments. Donna received her bachelor’s degree from the University of Pittsburgh and her M.B.A. from Tulane University’s Freeman School of Business. She is a member of the CFA Institute.

Keith is a co-portfolio manager of custom portfolios with the Fixed Income team. He has previously held positions in commercial credit and fixed income research. Prior to joining the firm in 1998, he was a credit analyst with First of America Bank. Keith received a B.A. from Alma College and an M.A. from Western Michigan University.

Mel is a member of the Fixed Income team with responsibility for custom fixed income strategies. His previous investment experience includes positions in fixed income security analysis. Prior to joining the firm in 2001, he was a derivatives securities analyst with National City Corporation. Mel received his bachelor's degree from Cleveland State University and an M.B.A. from John Carroll University.

John is a senior risk management analyst who works with the portfolio management teams on portfolio structure and optimization. He joined the firm in 2006 and has served as a senior analyst managing corporate merger and divestiture transactions for various business units at PNC Financial Services Group. His professional experience also includes positions as an equity research analyst at Spin-Off Advisors and a senior auditor at Ernst & Young. John graduated magna cum laude with a B.B.A. in accounting from the University of Notre Dame and earned an M.B.A. in finance, economics and strategy from the University of Chicago Booth School of Business. He is a CFA charterholder.

Kelly, a risk management analyst, works with the portfolio management team on portfolio structure and optimization. He joined the firm in 2010 after spending a year as an analyst of PNC’s distressed consumer mortgage portfolios. His prior industry experience includes roles as a portfolio assistant at Brown Brothers Harriman and a research analyst at Interactive Data Corp. Kelly received his B.S.B.A from the University of Pittsburgh and M.B.A from Washington University. He is a Chartered Financial Analyst charterholder.

Adam is an analyst who partners with portfolio managers and research analysts to actively manage and add value to the credit allocation of client portfolios. Prior to joining the firm in 2004, Adam was a portfolio and securities analyst focusing on collateralized debt obligations (CDOs) at Wells Fargo Bank, N.A. Adam received his bachelor’s degree in economics and business administration from McDaniel College (formerly Western Maryland College) and a Master of Science in finance from Loyola College in Maryland. Adam is a CFA charterholder and a member of the CFA Institute and Baltimore CFA Society.

Josh is a portfolio manager for the custom strategies team overseeing large institutional portfolios. He is responsible for implementing team-based investment decisions into client portfolios through sector allocation and security selection. His previous positions within the firm include money market portfolio manager, senior fixed income trader and Limited Maturity mutual fund portfolio manager. Prior to joining the firm in 1999, Josh worked for Deutsche Bank Alex. Brown. He received his bachelor’s degree in finance from West Virginia University and his M.B.A. from Loyola University in Maryland. Josh is a member of the CFA Institute and the Baltimore CFA Society. He holds NASD license Series 65.

Ken is a member of the Fixed Income team with responsibility as a high-yield sector specialist and senior portfolio manager. Before joining the firm in 2006, Ken served as a senior credit analyst covering several industries in both high-yield and investment-grade areas for Henderson Global Investors in Chicago. Prior to Henderson, he worked at Scudder Kemper Investments/Deutsche Bank in Chicago, where he participated in high-profile, high-yield transactions. Ken is a CFA charterholder and a member of the Investment Analysts Society of Chicago. Ken earned his bachelor’s degree in finance from Indiana University.

Mark is lead portfolio manager for the actively managed short duration portfolios. He is co-lead for all structured product research, such as mortgage-backed and asset-backed securities. Prior to joining the firm in 2002, he was with National City Corporation's Equity Sponsor Group, involved with senior debt lending for equity buy-outs. A CFA charterholder, Mark received a B.S. from the State University of New York at Geneseo and an M.B.A. from the University of Rochester.

Rich is a member of the Fixed Income team with responsibility for fixed income security credit analysis. He joined firm in 2004, after spending five years as a financial analyst with National City Corporation’s Institutional Asset Management division and over two years with Retirement Plan Services. Rich holds a B.S. from Miami University and an M.B.A. from Case Western Reserve University and is a CFA charterholder.

Kelley is a portfolio manager focused primarily on the money markets. She manages money market funds as well as multiple short-term investment funds. Prior to joining the firm in 2000, Kelley was a portfolio service associate with Legg Mason Wood Walker, Inc. She received her bachelor’s degree in finance and economics from Salisbury University and her M.B.A. in finance from Loyola University - Maryland.

Sean is co-lead of the Credit Research team and is a portfolio manager for intermediate fixed income portfolios. Prior to joining the firm in 2004, Sean spent six years at Freddie Mac in credit research and four years as a bank credit analyst at the rating agency LACE Financial Corporation. Sean is a cum laude graduate of James Madison University with a bachelor's degree in business administration, and he holds the Chartered Financial Analyst designation. He is a member of the CFA Institute and the CFA Society of Washington, D.C.

Joe is a senior analyst on the Fixed Income team, supporting all credit analysis efforts. Joe has many years of credit experience, having held positions in credit analysis, structured finance, and strategic analysis. Prior to joining the firm in 2000, he was senior vice president in National City’s Structured Finance Group. Joe received a B.S. degree from Hillsdale College and an M.B.A. from the University of Notre Dame.

Lijun is a senior risk analyst who joined the firm in 2005. Lijun’s doctorate and post doctorate work, which utilized Monte Carlo simulation skills and model building skills, augment his current responsibilities for risk modeling and simulation, in support of portfolio risk management. Previously, he spent two years in post doctoral work in theoretical physics at McGill University, Montreal, Canada. Lijun holds a B.S. degree from Nankai University, Tianjin, China, a master’s degree in physics from the Institute of Modern Physics, Lanzhou, China, and a Ph.D. in physics from Michigan State University. He is a CFA charterholder.

Mike is a risk analyst, who joined the fixed income team in 2010. He works with the portfolio management teams on portfolio structure and optimization as well as fixed income market research. Prior to joining the team, he spent nearly three years as a risk management and performance analyst for the PNC Alternative Investment Funds. He began his professional career in 2005 as an investment portfolio analyst and then an interest rate risk analyst with Mercantile Bankshares Corp. Mike received a B.S. degree in finance from Salisbury University and a master's degree in finance from Loyola University - Maryland.

Rick is the lead portfolio manager for the firm’s money market funds. Prior to joining the firm in 2002, he was with Productive Portfolios, Inc. where he focused on short duration/liquidity portfolio management for Ohio public sector clients. Additionally, he has two years experience as a corporate lending representative with Fifth Third Bank in Cleveland. Rick joined the firm in 2002 and holds both a B.A. and an M.B.A. from Baldwin-Wallace College.

Jason is an analyst who partners with portfolio managers and research analysts to actively manage and add value to the structured allocation of client portfolios. Jason joined PNC in 2004 in the Treasury division before moving to PNC Capital Advisors in 2007. Jason earned his bachelor's degree in economics from Dartmouth College and a Master of Science in finance from Loyola College in Maryland. Jason is a CFA charterholder and a member of the CFA Institute and Baltimore CFA Society.

Adam is head of Municipal Fixed Income and a senior portfolio manager. In his role as a managing director, he supervises credit and quantitative research, portfolio management and trading, and municipal client relations. Adam is responsible for establishing the municipal fixed income strategy for the firm, and, as a senior portfolio manager, he oversees trading and strategy implementation in the municipal bond mutual funds, institutional municipal portfolios, and separately managed municipal accounts. Prior to joining the firm in 2001, he was a fixed income trader at the Vanguard Group where he focused on municipal bonds and derivatives. Adam holds his bachelor’s degree in business administration from Kutztown University and his master’s in finance from St. Joseph’s University. He is a member of various industry organizations, including the CFA Society of Philadelphia.

Bill is the director of credit research for the Municipal Fixed Income team. He specializes in the analysis of credits in the higher education, tobacco, transportation and asset-backed sectors and tax-backed credits in the West, Midwest and New York. He previously was a senior credit analyst with the team. Prior to joining the firm in 2003, Bill was a research associate in the fixed income division of the Vanguard Group. Bill holds bachelor’s degrees in finance and economics from Drexel University, and he is a CFA charterholder.

Mike, the director of municipal quantitative research, oversees the group responsible for interest rate risk assessment, valuation analysis, and performance attribution for the municipal bond strategies and funds. Prior to joining the firm in 2007, he was a visiting assistant professor of finance at the University of Missouri, where he was the recipient of the John A. Riggs, Jr. Excellence in M.B.A. Teaching Award. Previously, Mike was a senior associate with Andrew Kalotay Associates, Inc. and president of Jane Street Advisors. He also had oversight of the master’s degree in financial engineering at Polytechnic University and was an assistant professor in the Graduate School of Business at St. John’s University. His work has been published in numerous industry and professional publications, including "The Handbook of Municipal Bonds." Mike earned his bachelor’s degrees in economics and business management from Luther College and holds a doctorate in finance from the University of Missouri.

Bill is a quantitative analyst in the Municipal Fixed Income team and is responsible for providing data analytics and information support to the municipal portfolio management and municipal credit research teams. He joined the firm in 2008 from Comcast Cable, where he was a research analyst for operations, finance and engineering. Prior to his tenure with Comcast, he was a business analyst with PNC Financial Services Group. Bill holds a bachelor’s degree from Pennsylvania State University.

Marques is a short duration portfolio manager with the Municipal Fixed Income team, responsible for strategy implementation on the total return and quality income strategies. Prior to joining the firm in 2012, he was a municipal money market trader with the Vanguard Group. His background at Vanguard also includes the positions of financial associate in Securities Lending and operations associate in Transfer Operations. Marques earned his bachelor’s degree in business administration from Bloomsburg University and his master’s degree in finance from La Salle University.

Rob is a municipal fixed income portfolio manager who has been with the firm since 2003. He is responsible for trading and strategy implementation on the municipal total return strategies and the municipal quality income strategies. Rob was previously with SEI Investments Company, where he was a member of the client portfolio administration group. Rob earned his bachelor’s degree in finance from Drexel University and his master’s degree in finance from St. Joseph’s University.

Lisa, a senior credit analyst with the Municipal Fixed Income team, is responsible for the analysis of credits in the healthcare and public power sectors and tax-backed issuers in Puerto Rico, the South and the Northeast excluding New York. Prior to joining the team in 2004, she was a senior economist at Economy.com. Lisa has experience structuring general obligation and appropriation deals from her prior role as an sell-side analyst in Merrill Lynch’s Public Finance Group. She earned her bachelor’s degree in economics from Spelman College and her doctorate in economics from the University of Cambridge in England. Lisa is a CFA charterholder..

Dan is a Municipal Fixed Income trading desk associate who helps coordinate and execute trades and portfolio strategy. He joined the firm in 2013, coming from Veritable LP, where he spent two years as an assistant trader. Dan earned his bachelor's degree in business administration with concentrations in finance and accounting from Drexel University.

Tricia is a Municipal Fixed Income trading desk associate who helps to coordinate and execute trades and portfolio strategy. Tricia spent two years as an analyst with PNC before joining the municipal group in 2011. Prior to that, she worked as a medical program financial analyst with Merck & Co. Tricia received her bachelor’s degree in finance from Virginia Tech University.