Structured Small Cap Value Equity

Team

Hitesh C. Patel, Ph.D. | view bio
Managing Director, Structured Equity
Industry Experience: 23 years
Paul Kleinaitis, CFA | view bio
Senior Portfolio Manager
Industry Experience: 30 years
Chen Chen, Ph.D. | view bio
Portfolio Manager
Industry Experience: 12 years
Jonathan J. Toerber Jr. | view bio
Senior Quantitative Analyst
Industry Experience: 33 years
Rebecca Dempsey | view bio
Equity Trader
Industry Experience: 19 years
portrait
Hitesh C. Patel, Ph.D.
Managing Director, Structured Equity
hitesh.patel@pnc.com
Industry Experience: 23 years
B.S., University of Gujarat
M.S., Bombay University
Ph.D., University of Illinois, Chicago

Hitesh, a managing director, leads the Structured Equity team. Prior to joining the firm in 2005, he served as director of quantitative research at Harris Investment Management. His quantitative research and portfolio management experience extends back to 1994. Hitesh earned a Bachelor of Science degree in pharmacy from University of Gujarat, a Master of Science degree in pharmaceutical chemistry from Bombay University and a Ph.D. in medicinal chemistry from the University of Illinois at Chicago.

portrait
Paul Kleinaitis, CFA
Senior Portfolio Manager
paul.kleinaitis@pnc.com
Industry Experience: 30 years
B.S., Northwestern University
M.S., Northwestern University

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. His portfolio management and investment research experience extends back to 1987. Paul, who joined the firm in 2005, earned a Bachelor of Science degree in mechanical engineering from Northwestern University and a Master of Finance from the J.J. Kellogg Graduate School of Management at Northwestern. He is a CFA charterholder.

portrait
Chen Chen, Ph.D.
Portfolio Manager
chen.chen@pnc.com
Industry Experience: 12 years
B.S., Nanjing University
M.S., Fudan University
Ph.D., University of Illinois, Chicago

Chen is a portfolio manager and senior 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 earned a Bachelor of Science degree in mathematics from Nanjing University, a Master of Science degree in econometrics from Fudan University, and a Ph.D. in business statistics from the University of Illinois in Chicago.

portrait
Jonathan J. Toerber Jr.
Senior Quantitative Analyst
jonathan.toerber@pnc.com
Industry Experience: 33 years
B.S., Northeastern Illinois University

Jonathan is a senior quantitative systems analyst on 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. Jonathan, whose industry experience extends back to 1984, 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 earned a Bachelor of Science degree in computer science from Northeastern Illinois University.

portrait
Rebecca Dempsey
Equity Trader
rebecca.dempsey@pnc.com
Industry Experience: 19 years
B.S., Kent State University
M.B.A., Cleveland State University

Becky is an equity trader responsible for supporting the Select Equity, Structured Equity, and Large Cap Advantage Equity 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 earned a Bachelor of Science degree from Kent State University and an M.B.A. from Cleveland State University. She is a member of the Cleveland Security Traders Association.