Experienced investment professional with proven ability to manage equity and fixed income portfolios, assess and manage portfolio risk exposures, and develop investment strategies and policy guidelines for the largest, most sensitive client relationships. Reputation as someone who “raises the bar” for customer service. Lifelong learner with CFA and two master’s degrees completed (MBA, MS in Advanced Management). A third master’s (financial engineering) at an Ivy League University is currently in progress.
Wells Fargo 1999 to Present
Investment Analyst and Senior Portfolio Manager - Institutional Asset Advisors
Using applied statistical analysis, developed quantitative model as part of fund manager selection, monitoring, and due diligence process; evaluated investment managers and their strategies.
Provided analytical support to portfolio managers with efficient frontier/asset allocation analysis, returns-based investment style analysis, and performance attribution analysis using the Brinson-Falcher and Fama Decomposition approaches. Provided systems support to the Investment Research Team, including automating the Zephyr StyleAdvisor reports used for manager searches, saving up to 1.5 hours per search.
Report to Southwestern Region Division Manager, servicing clients located across twelve states:
• Manage defined benefit portfolios with assets in excess of $175 million.
• Consult with foundation, custodial, and defined contribution clients with assets of $1.9 billion.
• As part of a team, developed educational conference calls to our relationship managers, helping
them to service smaller clients where a portfolio manager was not assigned.
• Support regional portfolio managers by creating economic and capital market analyses.
• Helped close new business totaling $275mm in assets and $2.1mm in annual fees.
• Support initiatives including developing plan-level expense ratio analysis, tracking asset growth targets, and assisting in our Global Investment Presentations Standards (GIPS) project.
Responsible for administration, research, investment strategy development, and risk management:
• Voting member of the Southwestern Region Investment Committee.
• Help formulate, implement, and review long-term investment strategies.
• Rebalance accounts and provide liquidity for regular/unscheduled distributions and purchases.
• Analyze company financial statements using Du Pont ROE decomposition and credit analysis.
• Perform due diligence on hedge funds for directed accounts.
Portfolio management duties/accomplishments include:
• Asset allocation, portfolio construction, liquidity, and risk management.
• Investment policy guideline development.
• Ensuring conformity with ERISA 404(c) and internal/regulatory compliance requirements.
• Client relationship management, including assisting clients in establishing investment objectives and rate of return expectations.
• Conduct proactive client servicing program including:
- Performing comparative attribution analysis of portfolio versus respective
benchmark.
- Educating clients about the advantages and limitations of efficient frontier
analysis, tactical asset allocation, style analysis, and measures of risk.
- Developing presentations and performing specialized analytic and consulting
projects.
• Restructured fixed income portfolios using a barbell strategy and revised target duration in response to a projected flattening of the Yield Curve; increased income and reduced basis risk.
• Performed Efficient Frontier analysis for multiple accounts, calculated the probability of achieving target return at various asset allocation levels and quantified the downside risk.
Bank of America (merged with Nations Bank) 1990 to 1999
Product Manager - FundStrategies Division
Conducted manager searches to expand product selection and enhance market positioning by maintaining and enhancing our Approved Product List (APL). Project accomplishments:
• Developed quantitative and qualitative screens and analyzed fund managers.
• Cultivated relationships with fund wholesalers and developed RFP.
• Designed database to report the APL data, eliminating communications bottlenecks.
Manager of Finance and Analysis – Asset Management and Corporate Trust
Published performance reports and calculated Risk-Adjusted Return on Capital (RAROC) for several divisions. Senior valuation analyst on Investment Banking acquisition team. Accomplishments:
• Developed valuation model; performed stress-testing analysis utilizing NPV, Du Pont, and IRR.
• Performed due diligence review including FX rates, assets, and revenues for foreign divisions.
• Met all deadlines and had our bid considered.
Developed Monte Carlo simulation for Corporate Trust, utilizing DCF analysis to value the cash flows of a large portfolio of corporate trust accounts. Projected various scenarios by employing a multi-tiered approach and several statistical distributions. Model incorporated:
• Assumptions about future interest rate movements.
• A range of discount rates reflecting different levels of risk
• Likelihood of bond calls based on changes in the interest rates and the bond maturities.
Employment Prior to 1990:
Seibrecht’s Flowers – Owner 1989 to 1990
Security Pacific - Vice President & Finance Officer 1981 to 1989
Los Angeles County/USC Medical Center – Financial Analyst 1979 to 1981
McCann’s Engineering - Los Angeles, Ca – Cost Accountant 1977 to 1978
Education:
Master of Science in Operations Research: Methods in Finance
Columbia University 2012
School of Engineering and Applied Sciences
Master of Science in Advanced Management
Peter F. Drucker School of Management at Claremont Graduate University 2002
GPA 3.85/4.0. Member of Beta Gamma Sigma National Business Honor Society
Master of Business Administration
Marshall School of Business at the University of Southern California 1984
Bachelor of Science in Accounting
San Diego State University 1977
Affiliations and other skills:
Affiliations: CFA Institute, CFA Society of Austin, Professional Risk Managers International Association (PRMIA).
Software: Bloomberg, Zephyr Analytics, Morningstar, Excel, Word, Access
VBA programmer with expertise in programming MS Office applications
Licenses: Series 7 |
