Team

Adam Mackey | view bio
Managing Director, Municipal Fixed Income
Industry Experience: 21 years
William Bonawitz, CFA | view bio
Director of Municipal Research
Industry Experience: 15 years
Phillip Sapovits | view bio
Director of Municipal Quantitative Research
Industry Experience: 20 years
Robert Howells | view bio
Portfolio Manager
Industry Experience: 15 years
Marques Glaze | view bio
Portfolio Manager
Industry Experience: 13 years
Daniel Salahub, CFA | view bio
Trader
Industry Experience: 7 years
Lisa Kreiling, Ph.D, CFA | view bio
Senior Analyst
Industry Experience: 26 years
Kenneth Weinstein | view bio
Senior Analyst
Industry Experience: 18 years
Cesar Avila | view bio
Analyst
Industry Experience: 9 years
Germán Sanchez, CFA | view bio
Research Associate
Industry Experience: 6 years
William Davis | view bio
Analyst
Industry Experience: 9 years
Courtney Wood | view bio
Trading Desk Associate
Industry Experience: 1 year
Jamie Horn | view bio
Client Portfolio Manager
Industry Experience: 17 years
Jeff Neer, CFA | view bio
Client Portfolio Manager
Industry Experience: 16 years
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Adam Mackey
Managing Director, Municipal Fixed Income
adam.mackey@pnc.com
Industry Experience: 21 years
B.S.B.A., Kutztown University
M.B.A., St. Joseph's University

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 earned a Bachelor of Science in Business Administration degree from Kutztown University and an M.B.A. in finance from St. Joseph’s University. He is a member of various industry organizations, including the CFA Society of Philadelphia.

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William Bonawitz, CFA
Director of Municipal Research
william.bonawitz@pnc.com
Industry Experience: 15 years
B.S., Drexel University

Bill is the director of research for Municipal Fixed Income. As director, he oversees and provides parameters for the team's municipal credit research effort and the determination of strategic recommendations. Acting as a senior analyst, he provides investment opinions and idea generation for the higher education, asset-backed, and tax-backed sectors. Prior to joining the firm in 2003, Bill was a research associate in the fixed income division of the Vanguard Group. Bill earned a Bachelor of Science degree in finance and economics from Drexel University and is a CFA charterholder.

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Phillip Sapovits
Director of Municipal Quantitative Research
phillip.sapovits@pnc.com
Industry Experience: 20 years
B.S. Kutztown University
B.S. Widener University
M.S. Villanova University

Phil, the director of quantitative research with the Municipal Fixed Income team, is responsible for interest rate risk assessment, valuation analysis, performance attribution, and quantitative risk model development and implementation supporting the team’s investment strategies. Prior to joining the team in 2015, he served as a principal of investment risk with Vanguard’s Fixed Income Group, where he was responsible for municipal performance attribution, custom benchmark development, modelling and measuring the risks of municipal portfolios, and managing the quantitative and front office operations group. Previously, he held positions with Fail-Safe Solutions, Piasecki Aircraft, and Navmar. Phil earned a Bachelor of Science degree in marketing and management from Kutztown University, as well as a Bachelor of Science degree in electrical engineering from Widener University. In addition, he holds a Master of Science degree in environmental engineering from Villanova University.

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Robert Howells
Portfolio Manager
robert.howells@pnc.com
Industry Experience: 15 years
B.A., Drexel University
M.B.A., St. Joseph's 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 a Bachelor of Arts degree in finance from Drexel University and an M.B.A. in finance from St. Joseph’s University.

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Marques Glaze
Portfolio Manager
marques.glaze@pnc.com
Industry Experience: 13 years
B.A., Bloomsburg University
M.B.A., La Salle 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 a Bachelor of Arts degree in business administration from Bloomsburg University and an M.B.A. in finance from La Salle University.

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Daniel Salahub, CFA
Trader
daniel.salahub@pnc.com
Industry Experience: 7 years
B.S., Drexel University

As a municipal fixed income trader, Dan 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 a Bachelor of Science degree in business administration with concentrations in finance and accounting from Drexel University. He is a CFA charterholder.

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Lisa Kreiling, Ph.D, CFA
Senior Analyst
lisa.kreiling@pnc.com
Industry Experience: 26 years
B.A., Spelman College
Ph.D., University of Cambridge (England)

Lisa, a senior credit analyst with the Municipal Fixed Income team, provides investment opinions and idea generation for the healthcare and tax-backed sectors. 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 a sell-side analyst in Merrill Lynch’s Public Finance Group. She earned a Bachelor of Arts degree in economics from Spelman College and a doctorate in economics from the University of Cambridge in England. Lisa is a CFA charterholder.

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Kenneth Weinstein
Senior Analyst
kenneth.weinstein@pnc.com
Industry Experience: 18 years
B.A., Rutgers University
M.P.A., Syracuse University

Ken, a senior credit analyst with the Municipal Fixed Income team, provides investment opinions and idea generation for the transportation and tax-backed sectors. Prior to joining the firm in 2013, Ken was a senior municipal credit analyst with Fitch Ratings, covering tax-backed, state, and transportation revenue credits. His industry experience includes an investment banking position with A.G. Edwards & Sons, Inc., and a trading position with Merrill Lynch. Ken earned a Bachelor of Arts degree in political science from Rutgers University and a Master of Public Administration degree from Syracuse University.

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Cesar Avila
Analyst
cesar.avila@pnc.com
Industry Experience: 9 years
B.A., Cornell University
M.P.A., New York University

Cesar, a credit analyst with the Municipal Fixed Income team, provides investment opinions and idea generation for the public power and tax-backed sectors. Prior to joining the firm in 2014, Cesar was an analyst who conducted municipal bond credit research with the insurance asset management group at Brookfield Investment Management. He started in the industry in 2008 doing credit research with the public finance group at Moody’s Investors Service. Cesar earned a Bachelor of Arts degree in government from Cornell University and a Master of Public Administration degree, with a concentration in public finance, from New York University.

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Germán Sanchez, CFA
Research Associate
german.sanchez@pnc.com
Industry Experience: 6 years
B.B.A., University of Texas at El Paso

Germán is a research associate with the Municipal Fixed Income team. He supports the team’s credit analysts, working closely with portfolio managers, traders, and analysts. Germán joined the firm in 2013, coming from The Vanguard Group where he was a client relationship associate. He worked previously as a hedge fund accountant with Citco Fund Services, after joining the industry in 2011 as a credit analyst intern with Capital Bank. Germán earned a Bachelor of Business Administration degree in finance from the University of Texas at El Paso. He is a CFA charterholder.

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William Davis
Analyst
william.davis@pnc.com
Industry Experience: 9 years
B.S., Pennsylvania State University

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 earned a Bachelor of Science degree from Pennsylvania State University.

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Courtney Wood
Trading Desk Associate
courtney.wood@pnc.com
Industry Experience: 1 year
B.S.B.A., Carnegie Mellon University

Courtney, a trading desk associate with the Municipal Fixed Income Team, assists with the execution of trades. Prior to joining the firm, she had intern experience with Deutsche Bank in sales, trading, and capital markets. She earned a Bachelor of Science in business administration with a concentration in finance from Carnegie Mellon University.

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Jamie Horn
Client Portfolio Manager
jamie.horn@pnc.com
Industry Experience: 17 years
B.A. Lehigh University
M.B.A. Fordham University

Jamie, a client portfolio manager, acts as a liaison between municipal fixed income clients and relationship managers, business development officers, and portfolio managers. She handles reporting, meetings, portfolio reviews, and general questions. Jamie joined the firm in 2011. Prior to that, she was a municipal portfolio specialist at UBS Wealth Management, a municipal product specialist at Neuberger Berman, a municipal relationship manager at Robeco Investment Management, and an assistant municipal portfolio manager at AllianceBernstein. Jamie received a Bachelor of Science degree in finance from Lehigh University and an M.B.A. in finance and marketing from Fordham University.

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Jeff Neer, CFA
Client Portfolio Manager
jeffrey.neer@pnc.com
Industry Experience: 16 years
B.S., University of Delaware
M.B.A., Loyola University Maryland

Jeff, a client portfolio manager, serves as a subject matter expert on fixed-income strategies and acts as a liaison between the portfolio management teams and clients, relationship managers, and business development officers. His responsibilities also include participating in the development and communication of content in support of all fixed-income strategies. In addition, he serves as the portfolio manager of the 1- to 5-year Government Credit strategies. Prior to assuming his current position, Jeff served as a fixed-income portfolio manager with Wilmington Trust Investment Advisors. A CFA charterholder, Jeff earned a Bachelor of Science degree in accounting from the University of Delaware and an M.B.A. from Loyola University Maryland.