Scott Andreson is a Director of Fixed Income & Senior Municipal Bond Investor at American Family Insurance in Madison, Wisconsin where he manages, trades, and analyzes over $5 billion of exempt and taxable municipal securities. Former positions include Director of Municipal Research at Seix Investment Advisors, Senior Vice President & Head of Municipal Bond Research for The Hartford's Investment Management Company, First Vice President at Ambac, Senior Securities Analyst for RiverSource Investments at Ameriprise Financial, and Director in Fitch Ratings' Global Power Group, based in Fitch's San Francisco's office. Scott has more than 20 years of fixed income credit and investment experience and has published and spoken on industry and investments relevant to municipal securities. He earned a Bachelor of Science from North Dakota State University and a Master of Public Administration from the University of Southern California. He is the current Chair of the National Federation of Municipal Analysts.
Sarah Anzia, Ph.D., is the Michelle J. Schwartz Associate Professor of Public Policy and Political Science at the University of California, Berkeley. She studies American politics with a focus on state and local government, interest groups, political parties, and public policy. Her book, Timing and Turnout: How Off-Cycle Elections Favor Organized Groups, examines how the timing of elections can be manipulated to affect both voter turnout and the composition of the electorate, which, in turn, affects election outcomes and public policy. She has also published widely on topics such as the politics of public pensions and the role of government employees and public-sector unions in elections and policymaking in the U.S. She has a Ph.D. in political science from Stanford University and an M.P.P. from the Harris School at the University of Chicago.
Richard Ausness is currently a University Research Professor and the Stites & Harbison Professor of Law at the University of Kentucky College of Law. Professor Ausness received his B.A. degree from the University of Florida in 1966 and his J.D. degree with honors from that institution in 1968. He also received an LL.M. degree from Yale Law School in 1973. Professor Ausness has been a member of the University of Kentucky College of Law faculty since 1973, where he currently teaches courses in Property, Trusts & Estates and Products Liability.
Zareh Baghdassarian is an Assistant Vice President in the Public Finance Group, where he analyzes municipal credit transactions for new business origination in the primary and secondary markets. Prior to joining Assured in February 2017, Zareh was an Associate at NewOak Fundamental Credit, where he was responsible for coverage of the Puerto Rico credit complex, the municipal utility sector, and the high-yield oil & gas corporate sector. Zareh holds a Bachelor’s of Science in Economics from California State Polytechnic University, Pomona. He is a 2019 Level III Candidate in the CFA Program.
Don Bain, P.E., is a climate engineer and expert on climate change, adaptation and sea level rise. Dedicated to building a bright future in a dramatically changing climate, he is a highly accomplished business executive and management consultant. He has managed 100s of projects and has experience working in 21 countries. As a consulting partner at Ernst & Young, he advised Fortune 500 clients on operations and major capital and infrastructure investment decisions. He has international executive experience, has led several technology and professional services companies in the U.S. and Europe, and was a board member at Robin Hood Ventures. Don is an expert on the implications of sea level rise and has advised a number of municipalities on adaptation, risk management and finance. He is an expert in rigorous greenhouse gas accounting and management methods. Don is a licensed professional engineer. He earned an electrical engineering degree from Stanford University, completed The Management Program at Rice University’s Jessie H. Jones School of Administration and completed studies at the Greenhouse Gas Management Institute.
Joshua D. Baker is the director of the South Carolina Department of Health and Human Services (SCDHHS), having most recently served as the Agency's director of operations. He was appointed by Governor Henry D. McMaster on November 9, 2017. Prior to joining SCDHHS, he served as Governor Nikki R. Haley's deputy chief of staff for budget and policy, and was the primary author of the FY 2015-2016 and 2016-2017 Executive Budgets. Director Baker holds an International Master of Business Administration from the University of South Carolina and undergraduate degrees in business economics from the University of South Carolina and clinical laboratory science from the George Washington University.
Rachel joined Loop Capital Markets in 2014. She serves as a Vice President in the Analytical Services Division, where she covers credit conditions, pension performance and financial developments in the state and local government sector for Loop. Prior to joining Loop, she was as a Senior Municipal Analyst at Morningstar, following stints at Fitch Ratings as a Public Finance Director, and at PFM. She earned a bachelor’s degree in political science from Bryn Mawr College and a master’s degree in Government Administration from the Fels Institute of Government at the University of Pennsylvania. She currently serves as Secretary for the NFMA and is also on the board of the Chicago Municipal Analyst Society.
Marcy Block is a Senior Director in Fitch Ratings U.S. Public Finance Group. Marcy joined Fitch in 2011 and is based in New York City. As a senior member of the States group, she covers a portfolio of U.S. state credits across the country. In addition, she has taken the lead on the impact of both natural resources development and gaming in the states, authoring research reports on these topics. For Fitch's International Public Finance Group, Marcy is the lead analyst for a portfolio of Canadian provinces. Prior to joining Fitch, Marcy was a vice president at Capital Markets Advisors, a municipal financial advisory firm in New York State. Prior to CMA, she was a senior vice president at Moody’s Investors Service and managed both the Southeast and Northeast regional ratings groups. Marcy began her career working for the New York State Assembly’s Ways and Means and State Redistricting Committees. Marcy earned a master’s degree in public administration from the Maxwell School at Syracuse University and a bachelor’s degree in political science from Rutgers University. She is a member of the Municipal Analysts Group of New York, the National Federation of Municipal Analysts and Northeast Women in Public Finance.
Dr. Ryan M. Brewer is an Associate Professor of Finance at Indiana University – Columbus, where he has taught undergraduate and graduate courses in Corporate Finance, Investments and Derivatives since 2009. On several occasions spanning more than fifteen years, Brewer has testified as a valuation expert in the U.S. Federal and Indiana State court systems. Prior to entering professional school, Brewer worked for five years as a Risk Manager for a Fortune 50 Corporation in Michigan and Indiana, ultimately attaining worldwide responsibilities for the development of policy compliance programs. Brewer’s work on valuation, economic damages, economic impact, and forecasting has been published in peer reviewed Academic journals on twenty-two occasions – including four articles on the economic damages of opioid misuse. Brewer’s work on valuation has been highlighted in the Wall Street Journal on twelve occasions, and has been showcased in the Chicago Tribune, the Chronicles of Higher Education, CNN, MSN, and MSNBC. His work has also been published in the Indianapolis Business Journal, the St. Louis Business Journal, Columbus Ohio Business First, the Dallas Business Journal, the Tampa Bay Business Journal, and the Denver Business Journal, among others throughout the U.S. Brewer earned the IUPUC campus center Outstanding Full-time faculty Research, Scholarship, and Creative Activity Award for 2018. Brewer earned the Annual IU MBA–Columbus Outstanding MBA Faculty Award on four (4) occasions, in 2012, 2014, 2015, and 2016. Brewer holds Ph.D. and M.B.A. degrees from Indiana University Bloomington, having earned a baccalaureate education in health science and engineering from Purdue University
Thomas Burke received his M.S. from the University of Maryland in Accounting Information Systems. Over the last three decades, Tom has worked at several Fortune 100 firms in the Washington, DC metropolitan area where he honed his technical project management and business analysis skills. Recognized as a business analysis leader worldwide, he served on the International Institute of Business Analysis organization’s Body of Knowledge Committee that led the multi-year design, creation, and publication work for the Business Analysis Body of Knowledge (BABOK v3). He is a Certified Business Analysis Professional (CBAP) who has established B.A. Centers of Excellence at two corporations. As an accomplished business writer and speaker, he has recently published two blockchain articles, and has presented a comprehensive strategic white paper on Blockchain’s promise and use to corporate executives and solution architects at CACI, International, a top defense contracting company. He is a member of the IEEE Blockchain Technical Community, and is a blockchain-certified member of the Government Blockchain Association where he is integrally involved in Blockchain certification training and development.
Robert Christmas practices creditor-oriented business insolvency law as well as complex commercial litigation, with national experience spanning over 30 years. Mr. Christmas represents commercial and governmental clients in a wide variety of settings involving public bond debt, SPEs and other highly complex public and private financing structures, from review/preparation of financing opinions, transaction structuring, investor disclosures and other issuance-related matters, to formal insolvency proceedings, including of distressed projects and developers (encompassing entities with government subsidies and/or regulation), municipalities and other public authorities, public and private hospitals, cable television transmission facilities, chemical manufacturing facilities, power generation plants, steel manufacturing facilities, educational and health care institutions, museums and other nonprofits, aircraft, harbors/ports, public transit systems and sports teams (NHL and NFL). Mr. Christmas’s work is particularly focused on public finance and he leads the firm’s municipal insolvency practice. He has represented clients in matters involving cities, counties, service districts, school districts, public water and electric utilities and authorities, transportation authorities, airports, ports and other public issuers, where his firm is bond, disclosure or underwriter’s counsel, in analyzing bankruptcy matters that arise in connection with bond issuances. He also currently represents one of the leading rating agencies, advising on the bankruptcy aspects of rated issuers and debt. In connection with distressed issuances, he has represented parties in municipal and other public entity insolvencies, both in workout and in proceedings under Chapter 9 of the Bankruptcy Code, including in the Chapter 9 cases of Jefferson County, Alabama; Stockton, California; Suffolk Regional OTB (New York); Natchez Regional Medical Center (Mississippi); and Detroit, Michigan. In his litigation practice, Mr. Christmas represents clients in the Federal Bankruptcy, District and Circuit courts nationwide, with a focus on litigations, appeals and cross-border disputes, as well as before the New York State courts and in other contested matters (such as arbitrations). Mr. Christmas has published and provides expert commentary in media nationwide, including in The Wall Street Journal, Bond Buyer, Governance, The Deal and Fortune, and on CNNfn, Canadian Television, and Bloomberg Radio. He has lectured for many organizations, including the National Federation of Municipal Analysts, California Society of Municipal Analysts, Practicing Law Institute, Women in Public Finance and the American Corporate Counsel Association. He has drafted finance legislation in multiple jurisdictions, including co-drafting the new Illinois municipal securitization statute, and advising the California Debt Investment Advisory Commission on the state’s statutory lien law, SB 222.
Karen Daly is a Senior Managing Director and head of the Public Finance and Financial Guaranty groups at Kroll Bond Rating Agency. Karen brings over 30 years of municipal credit research and risk management experience to her role. She was previously Chief Public Finance Underwriting Officer at Municipal Infrastructure Funding, LLC, a de novo municipal bond guarantor. Prior to that, Karen held several positions at Financial Guaranty Insurance Company (FGIC), including Managing Director of the Eastern Region and Public Finance Senior Risk Manager. Karen started her career in public finance at Moody’s Investors Service as an analyst. She holds an MPP from the University of Michigan and a BA from Queens College. Karen Daly has been awarded the Women in Public Finance (WPF) Founders' Lifetime Achievement Award in 2018. She also received the Northeast Women in Public Finance Trailblazer Award in 2017. Karen has been a trustee of the Citizens Budget Commission for over 20 years and sits on the Board of Directors of Women in Public Finance. In addition, she has been on the board of the Municipal Forum of New York and was the Association of Financial Guaranty Insurers (AFGI) representative on Governmental Accounting Standards Advisory Council (GASAC).
Daniel DiSalvo Ph. D. is associate professor and chair of political science in the Colin Powell School at the City College of New York–CUNY and a senior fellow at the Manhattan Institute. His scholarship focuses on American political parties, elections, labor unions, state government, and public policy. He is the author of Engines of Change: Party Factions in American Politics, 1868–2010 (Oxford, 2012) and Government Against Itself: Public Union Power and Its Consequences (Oxford, 2015). DiSalvo writes frequently for scholarly and popular publications, including The New York Times, Wall Street Journal, Atlantic Monthly, National Affairs, City Journal, American Interest, The Weekly Standard, Los Angeles Times, and the New York Daily News. He is coeditor of The Forum: A Journal of Applied Research in Contemporary Politics. He has held visiting appointments at the James Madison Program at Princeton University and the CUNY Graduate Center.
Jamie Doffermyre is the Sales Manager for Municipal Securities and Managing Director at CITI. In his current role Jamie manages the sales and distribution of Municipal securities to CITI’s institutional, retail and third party Clients. Jamie joined CITI in August of 2015 after working for Merrill Lynch and Co for 10 years. At Merrill Lynch Jamie ran Institutional High Grade Municipal Trading and Retail Trading. Prior to his career in Finance Jamie served in the United States Navy, and is a graduate of the United States Naval Academy. He also holds an MBA from New York University’s Stern School of Business.
Ann Ferentino is responsible for portfolio management and research in the fixed-income area concentrating on municipal securities. She has more than 20 years of investment experience. Ann joined Federated in 1995 as a financial analyst. Ann has a bachelor’s degree from University of Dayton and an MBA from University of Pittsburgh. She is a CFA Charterholder.
Kurt Forsgren is a managing director and Sector Leader for Infrastructure in U.S. Public Finance, based in Boston. In this role, he works as an industry analyst across the different infrastructure sectors with a focus on supporting the transportation and utilities team and partnering with S&P Global’s Infrastructure and Project Finance team on cross-practice initiatives such as public-private partnerships (P3s), climate risks, environmental/social/governance topics and Green Evaluations globally. Kurt currently participates in rating activities, chairs credit committees, assists with criteria development, implements S&P Global Ratings investor and market education initiatives; and authors thought leadership commentary. Most recently, Kurt was Head of S&P Global Ratings’ Boston office where he was responsible for business development and operating strategy in the region, market outreach and investor relations. Beginning in S&P Global’s San Francisco office in 1992, Kurt’s experience spans Public Finance and Project Finance, encompassing public utilities, higher education, and a variety of special tax-backed areas, non-recourse financings including the transportation sub-sectors (e.g. airports, toll facilities, mass transit and surface transport, maritime ports). Prior to joining the company, Kurt was a transportation consultant at KPMG/Leigh Fisher Associates. Kurt is a former Board Member of the National Federation of Municipal Analysts, former head of the Boston Municipal Analyst Forum, Boston Security Analysts Society and Boston Economic Club, Kurt earned a bachelor’s degree in economics and political science from the University of Maine and a Master of Government Administration degree from the Fels Institute of Government at the University of Pennsylvania.
Mary Francoeur joined PFM Financial Advisors LLC, part of Public Financial Management, Inc., as a Managing Director in September 2016. Mary is located in the New York office and is a member of the firm’s transportation advisory practice. Prior to joining PFM, Mary worked at two bond insurance companies where she was responsible for managing business development, due diligence, credit analysis and transaction negotiation for complex financings, including public-private partnerships. She has insured transactions for greenfield toll roads, airport special facilities, arenas and ballparks, utility grade solar projects and privatized student housing. At Moody’s Investors Service, Mary was a senior analyst covering a portfolio of toll road, airport, port, transit and utility bond issuers, and was responsible for developing and refining rating criteria in several sectors. She was also member of Moody’s rating committee and its interdisciplinary project finance team. Mary began her career in financial management roles with the Port Authority of New York and New Jersey and the City of Jersey City. Mary has a Master of Public Administration degree from the Maxwell School at Syracuse University where she also earned her Bachelor of Arts in newspaper journalism and political science. She is active within the public finance community, specifically serving as an officer of the National Federation of Municipal Analysts, and on the boards of the Municipal Forum of New York and Northeast Women in Public Finance.
Sandy Pae Goldstein is a Director at Fundamental Credit Opportunities and member of the investment team. Ms. Goldstein is the Head of Structuring and Credit for FCO. Prior to joining FCO in 2016, Ms. Goldstein was a Vice President at Goldman Sachs in the Investment Banking Division focused on origination, structuring, and execution of public and private debt transactions in the utility, project finance, and infrastructure sectors. Ms. Goldstein received an MBA from Columbia University and an SB from the Massachusetts Institute of Technology.
Stephen E. Heaney joined Stifel in 2011 through its acquisition of Stone & Youngberg, where he served as the Head of Public Finance, Chair of the Operating Committee and a member of the Board of Directors. In 2013, Mr. Heaney was appointed Director of Public Finance for Stifel and in 2017 was appointed Co-Head of Municipal Securities Group overseeing day to day management of Stifel's municipal activities. As an investment banker Mr. Heaney focused on development-related financings, as well as directing issues for transportation, utilities, schools, and local government. Over his career, Mr. Heaney has lead managed several billion dollars of municipal bond issues, primarily in California and Nevada, pioneering many financing techniques for use with large and small scale development and redevelopment projects. From 2009 to 2013 Mr. Heaney served on the Municipal Securities Rulemaking Board (MSRB) and was the Vice Chair of the Board in the 2012-13 year. In 2018 he served as a member of the Compliance Advisory Committee for the MSRB. He is the past Chair of the California Public Securities Association and a past Trustee for the California City Management Foundation. Mr. Heaney earned a B.A. from Texas Tech University, an M.P.A. from the Maxwell School of Citizenship at Syracuse University, and maintains Series 50, 52, 53 and 63 licenses.
Peg Henry is Deputy General Counsel of Stifel Financial Corp, where she is responsible for all legal matters concerning the Municipal Securities Group. Ms. Henry has worked in the municipal bond industry since 1981 in private practice, federal and local government, and investment banking. She has served as General Counsel for Market Regulation of the Municipal Securities Rulemaking Board, Attorney-Adviser for the Securities and Exchange Commission’s Office of Municipal Securities, Tax Counsel to the Majority Tax Staff of the Ways and Means Committee of the U. S. House of Representatives, Attorney-Adviser to the U.S. Treasury Department, and Tax Counsel to New York City’s Office of Management and Budget. She was also in-house counsel for the municipal securities groups of Jefferies LLC and UBS Securities. Ms. Henry received a bachelor's degree from Georgetown University and a J.D. and LLM in Taxation from George Washington University.
Matt has over 10 years of municipal industry experience and over 15 years of financial analysis experience. Matt is a CFA Charterholder. He obtained undergraduate degrees in Finance and Economics from the University of Wisconsin - Lacrosse campus, and a Master of Business Administration degree with a concentration in Finance from the University of Minnesota - Carlson School of Management. Matt's professional municipal experience has included roles as a trader, analyst, and associate portfolio management. He currently focuses on high yield credit analysis with a keen interest in housing development, senior living, IDRs, US territories, and urban redevelopment. Matt has been heavily involved with the NFMA, serving on its board for three years. He presented at the NFMA advanced seminar in January 2017. He currently serves as the conference co-chair for the 2019 & 2020 NFMA National Conferences.
As a member of the High Yield Portfolio Management Team, Steve is a portfolio manager for the Nuveen Short Duration High Yield Municipal Bond Strategy and supports the management of the firm’s other High Yield Municipal Bond portfolios. He oversees a number of state-specific, tax-exempt portfolios including the Kansas Municipal Bond, Louisiana Municipal Bond and Wisconsin Municipal Bond Strategies. Steve is also responsible for the tender option bond/inverse floating rate program used by some of the firm’s closed-end and open-end funds. In addition, he manages two closed-end funds that rely on the use of tender option bonds for leverage and co-manages several ETFs. Steve began his career in the financial industry in 2003 when he joined Nuveen Asset Management. Prior to his current position at the firm, he worked as a senior analyst responsible for risk management and performance measurement processes.
Virginia (Ginny) Housum is currently a Senior Vice President, municipal bond workout specialist,at UMB Bank, N.A., in Minneapolis. 2003-September, 2013: Wells Fargo Bank, N.A.—municipal bond workout specialist, involved in numerous defaults of CCRCs, hotels, multifamily housing facilities, sports arenas, charter schools, private schools, and other facilities financed with municipal debt. Extensive experience working with institutional investors, especially mutual fund analysts. 1992 - 2003 Dorsey & Whitney LLP, Partner—specialized in workouts and municipal bond defaults, representing indenture trustees. Engaged in numerous bankruptcy cases, including Orange County, California, Vallejo, California, approximately 15 “dirt district” Chapter 9 filings in Colorado. Previous experience: law firms in Denver, Colorado; U.S. Senate Committee on Banking, Housing, and Urban Affairs, counsel, and general counsel to the Financial Institutions and Consumer Affairs Subcommittee, Washington D.C. 1983-1986 Education: LL.M. in Taxation, New York University, June, 1977; J.D. University of Denver, December, 1975; B.A., University of Colorado, 1972 Recognition events: Occasional speaker at NABL, National Federation of Municipal Analysts, Western Securities Transfer Association, PLI Annual Financial Services Institute, the Association of Bank Holding Companies annual Lawyers Committee meeting
Jill Jaworski joined PFM as a Managing Director in 2010 and manages the Chicago municipal financial advisory practice for the firm. She has 21 years of industry experience as both a financial advisor and investment banker. She serves Chicago area clients and has a national practice with a sector specialization in Transit and Transportation. She is experience with distressed credits, high yield bonds and strategies to mitigate bankruptcy risk. Within her transit specialization she has a focus on long-term financial modeling, federal CIG grant applications and federal transportation loans.
Nicole Kaeding is Vice President of Federal and Special Projects at the Tax Foundation, where she researches federal and state tax issues. Her analysis has been featured in the New York Times, Wall Street Journal, Washington Post, National Public Radio, and numerous other national, state, and local publications. Nicole has testified or presented to officials in more than a dozen states. She graduated from DePaul University with a Master’s degree in Economics and Policy Analysis, and completed her undergraduate studies at Miami University majoring in Finance and Political Science.
Marshall Kitain has 15 years of experience in J.P. Morgan’s Public Finance Group. In his role as Head of the Municipal Credit Analysis and Investor Marketing team, Marshall develops marketing and credit strategies to best position new issue transactions, leads J.P. Morgan’s municipal investor outreach efforts, including working directly with buy-side credit analysts on primary and secondary market opportunities, and runs the desk analyst and credit strategy function for J.P. Morgan’s municipal high-grade and high-yield secondary market trading teams. A multi-discipline and perennial Smith’s Research municipal all-star, Marshall has led marketing for multiple Bond Buyer deal of the year winners. Marshall graduated with the highest honors from the University of Pennsylvania with a B.A. in Economics and Political Science and holds a M.B.A. from the Stern School of Business at New York University.
Debra Knopman is a principal researcher at the RAND Corporation and a professor at the Pardee RAND Graduate School. She served as vice president and director of RAND Infrastructure, Safety, and Environment, later called Justice, Infrastructure, and Environment, from 2004 to 2014. Knopman's expertise is in hydrology, environmental and natural resources policy, systems analysis and operations research, and public administration. Her project work spans a range of topics including adaptation of urban regions to a changing climate, long-term water management, policy options for disposition of nuclear waste, governance and funding for U.S. Gulf Coast recovery, and the design of a National Research Fund for Qatar. She served for six years (1997–2003) as a member of the Nuclear Waste Technical Review Board and chaired the board's Site Characterization Panel. She was the director of the Progressive Policy Institute's Center for Innovation and the Environment from 1995 to 2000. From 1993 to 1995, Knopman was the Deputy Assistant Secretary for Water and Science, U.S. Department of the Interior. She had previously been a research hydrologist at the U.S. Geological Survey (USGS) and later chief of the Branch of Systems Analysis in the USGS's Water Resources Division. From 1979 to 1983, she served first as legislative assistant for energy and environmental issues to Senator Daniel P. Moynihan and then as professional staff member of the U.S. Senate Committee on Environment and Public Works. Knopman earned her B.A. from Wellesley College, M.S.C.E. from MIT, and Ph.D. in geography and environmental engineering from the Johns Hopkins University.
James A. Lyman, Managing Director, joined the firm in 2010. Jim is the Director of Research for the Municipal Fixed Income team. Additionally, he co-manages the Neuberger Berman Municipal Impact Fund. He has more than 20 years of experience in both the tax-exempt and taxable sectors of the bond market. Prior to joining the firm, Jim held credit research-related positions with Oppenheimer & Co. and Morgan Stanley’s Global Wealth Management Division. Before that, Jim was an analyst/portfolio manager with Fischer Francis Trees & Watts focusing on the US Dollar corporate bond component of Global aggregate portfolios. Previously, he spent more than ten years at Robeco Weiss, Peck & Greer as the director of municipal and investment grade research. In addition to his work as an analyst, Jim is a published author, having been a contributor to a book entitled Investing in the High Yield Municipal Market: How to Profit from the Current Municipal Credit Crisis and Earn Attractive Tax-Exempt Interest Income, as well as having been a content editor for The Complete Guide to Investing in Bond and Bond Funds: How to Earn High Rates of Return – Safely. Jim began his career at Moody’s Investor Services as a credit analyst and earned a BA in Economics from New York University.
Brent Miller is a Fixed Income Assistant Portfolio Manager at Mairs & Power in St. Paul, Minnesota, where he assists in the management of over $850 million of fixed income assets. Prior to joining Mairs & Power, he worked at Travelers where he was an analyst in the Fixed Income group, where he worked across corporate and municipal bonds on a $65 billion portfolio. Brent has a Bachelor's degree from the University of Minnesota's Carlson School of Management and an MBA from the Kellogg School of Management at Northwestern University. He currently sits on the Board of Directors for the NFMA, where he represents the Minnesota Society of Municipal Analysts, where he serves as Vice President.
Mary Jane Minier is a Senior Analyst and Head of Opportunistic Credit Strategy for Invesco Fixed Income. In this role she oversees the High Yield Municipal Credit Sector Team and performs fundamental analysis of the financial and legal structure of current and potential high yield municipal bond holdings. In addition, Ms. Minier provides research recommendations and offers relative value trading strategy. Before joining Invesco in 2010 when the firm combined with Van Kampen Investments, Ms. Minier was an executive director at Morgan Stanley and Van Kampen, which she joined in 1990. In that role, she was responsible for directing the research and surveillance program for all mutual fund municipal credits. Prior to that, she was with Fuji Bank Ltd., where she wrote municipal letters of credit. Ms. Minier earned a BS degree in accounting from Lewis University and an MBA in finance from DePaul University. She holds the Certified Public Accountant (CPA) designation, and she is a member of the Chicago Municipal Analysts Society and the NFMA. Additionally, Ms. Minier is a member of the Invesco Women's Network (IWN) management committee. She also currently serves as the chapter head for the IWN Chicago Chapter.
John Mirkovic, former Deputy Recorder for the Cook County Recorder of Deeds Office, currently serves as Deputy Clerk for Policy at the Cook County Clerk’s Office. In 2016, he launched the first County-level blockchain pilot program for government in the United States, and is a co-founder of the Illinois Blockchain Initiative and the Illinois Legislature’s Blockchain and DLT Task Force. John has a B.S. in Political Science from Southern Illinois University - Edwardsville, was an Illinois Legislative Staff Intern through the University of Illinois, and has attained a Certificate of Public Leadership from The George Washington University. He is married with two daughters.
Patrick covers in-court and out-of-court restructurings and distressed situations, with a specific focus on Puerto Rico, for Reorg Americas. Prior to joining Reorg, Patrick clerked for two U.S. bankruptcy judges, Judge John E. Waites (DSC) and Judge Arthur J. Gonzalez (SDNY), and was an associate at White & Case in New York. He has an LL.M. in bankruptcy from St. John's University, a J.D. from the University of South Carolina and a B.A. in communication from the College of Charleston.
Newsom is responsible for all financial functions of the health company and its affiliates, including accounting, treasury, budgeting, revenue cycle and contracting. Previously, she served as vice president of Financial Services and chief financial officer for Greenville Health System (GHS). Newsom has been with GHS for six years. She earned a bachelor’s degree in accounting from Appalachian State University and is a certified public accountant.
Brian T. Pallasch, CAE, is currently Managing Director of Government Relations and Infrastructure Initiatives at the American Society of Civil Engineers (ASCE), Washington, DC. He has been responsible for managing the ASCE’s government relations department including federal and state legislative affairs, regulatory affairs, grassroots, and policy development, since joining the staff in 1999. Since 2008, Pallasch has been responsible for managing ASCE’s strategic initiative regarding infrastructure including development of the Infrastructure Report Card, and the Failure to Act economic studies. Pallasch serves on the Board of Advisors for the Eno Center for Transportation. Prior to joining the staff of ASCE, Pallasch served as the Director of Government Relations for the American Subcontractors Association (ASA), Alexandria, VA for three years where he was responsible for all Federal and state relations. Pallasch served as President of the American League of Lobbyists in 2007-2008, after serving on the Board of Directors from 2004-2006. In 2001-2002 Pallasch holds a Master of Arts degree in International Affairs from the American University, and a Bachelor of Arts degree in Journalism and International Affairs from the University of Southern California. Pallasch resides in Alexandria, VA with his wife and two children.
Susan Rhudy is a Managing Director and Co-Head of Citi’s Municipal Credit Analytics Group. She is primarily responsible for credit analysis and research coverage for Citi’s municipal sales and trading operations for all municipal higher education, student housing, charter schools and transportation credits, among other sectors. Susan has been selected on numerous occasions to the All Star First Team for Smith’s Research in recognition of her expert credit analysis of revenue bonds. Sue has 24 years of credit experience with Citigroup. She currently serves on the firm’s Municipal Risk Committee, Collateral Committee, MCDX Advisory Committee and is a Supervisory Analyst. She has consistently been recognized by her peers as a top analyst in a number of sectors and is a member of MAGNY as well as the NYSSA. Ms. Rhudy has a BA from Purdue University, an MA from American University and is a CFA charter holder.
Michi Rives is a senior analyst for the Wells Fargo Asset Management (WFAM) Municipal Fixed Income team. Michi joined WFAM from Fidelity Investments, where she served as a senior municipal bond analyst for both the bond and money market groups for over five years. Prior to Fidelity, Michi worked for Evergreen Investments as a senior municipal money market analyst for nine years. She began her investment industry career in 1991, and has extensive experience in a number of municipal sectors including high yield. She earned a bachelor’s degree in business administration from the University of Phoenix. Michi is a member of the National Federation of Municipal Analysts and the Southern Municipal Analysts Society.
Sean Saroya oversees direct purchases, municipal investor financing, and underwriting of money market fund products. He also provides senior oversight to the Public Finance Debt Capital Markets team, which creates issuer-focused capital market solutions and market analytics. Prior to heading the products desk, Sean ran tender option bond and municipal closed-end preferred origination on the Public Finance Short Term Trading desk. Sean holds a Bachelor of Science in Business Administration with a concentration in Finance from the University of Richmond. He has been in J.P. Morgan’s Public Finance department since 2005.
Geoffrey L. Schechter, CFA, CPA, is an investment officer at MFS Investment Management® (MFS®) and a portfolio manager of the firm's government securities and municipal bond portfolios. Geoff joined MFS as an investment officer in 1993 after working as a municipal credit analyst with a major insurance company. He was named portfolio manager in 1993. Geoff is a graduate of the University of Texas and has an MBA degree from Boston University. He holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations.
Keith is the partner-in-charge of DHG Healthcare’s planning and finance team. He has more than 30 years of experience in the healthcare industry. He leads a practice of business and financial advisory services such as strategic planning, financial forecasting, market demand analysis, third party reimbursement, operational audits and systems review. He has been a key participant in more than 100 continuing care retirement community (CCRC) development projects, including startup communities, existing campus repositioning and obligated group financings. Keith has conducted financial analyses of merger and acquisition transactions and financing structures to include valuations, due diligence, economic and market feasibility analyses for proposed and existing healthcare and other retirement housing projects. Prior to joining Dixon Hughes Goodman, Keith worked for a Big Four accounting firm as a consultant in the long-term care industry and as an auditor for a Medicare Intermediary. Keith is a member of AICPA and LeadingAge. He is an accomplished presenter on topics affecting acute care facilities, skilled nursing providers and home health agencies. Keith holds a B.S. degree in accounting from Ball State University.
Brian Septon is a consulting actuary at The Terry Group in Chicago. The Terry Group provides consulting and litigation support services in the areas of pensions and health insurance. Brian advises private and public-sector organizations on retirement, investment and healthcare management issues. Over the last decade, Brian’s work has focused heavily on evaluating, communicating and managing pension and healthcare risks. Brian is on the Board of the University of Chicago’s Center for Municipal Finance, The Civic Federation and the Illinois Crohn’s & Colitis Foundation. He is a member of the Economic Club of Chicago and a Fellow of the Society of Actuaries. Brian has a degree in actuarial science from The University of Illinois.
Betsy C. Shelton is the Director of Research and Senior Portfolio Manager of Charles Fish Investments, Inc. (“CFI”), a fixed income investment manager specializing in separately managed accounts with an emphasis on municipal bonds. Betsy joined the firm in 1996 and over the past twenty plus years has held a varied of management positions including Chief Compliance Officer, Director of Research, and Senior Portfolio Manager. Her current responsibilities include the oversight of CFI’s credit assessment and monitoring practices, performance of impact analyses of regulatory, judicial and legislative issues, maintenance of CFI’s extensive credit database, and the monthly valuation of over 1500 client security holdings. Ms. Shelton currently serves on the Board of Governors for the NFMA and is a member of its strategic planning committee. Betsy is also actively involved as an instructor and contributor to Fixed Income Academy (FIA), an online educational firm dedicated to the training and continuing education of governmental. She is currently a member of the California Society of Municipal Analysts (CSMA), Southern California Compliance Group (SCCG), and UCI Center for Investment and Wealth Management (CIWM). Betsy previously served as a member of the Municipal Securities Rulemaking Board’s (MSRB) 2015 Investor Advisory Group and is a former MSRB arbitrator. Prior to joining CFI, Ms. Shelton was held the position of Vice President of Trading and Institutional Sales at Bateman Eichler, Hill Richards, Inc., Security Pacific Bank Trust Department, First Boston Corporation and Dean Witter Morgan Stanley. Ms. Shelton holds a degree in economics from the University of Redlands and a paralegal certificate from UCI.
Barnet Sherman is the Director of Municipal Impact Credit Research at Neighborly Investments. In the course of his 30 year career analyzing and investing in municipal bonds, Mr. Sherman managed money for and advised to mutual funds, high net worth clients, hedge funds, consultants and insurance companies on successful investment strategies in the municipal bond market. He has held investment and analyst positions at firms such as TIAA, where as a Director and Portfolio Manager, he oversaw the firm’s $10.5 billion taxable and tax-exempt debt portfolios, as well as Morgan Stanley Asset Management, and the Colonial Group Mr. Sherman is published in his field, including the most recent Municipal Bond Handbook. His Forbes.com column “Municipal Practitioner’s Journal” is now in its 10th year and includes several “Editors” choice recognitions. He is also a member of the Forbes Investment Team. His investment thinking and observations have been noted in The New York Times, CNBC, Inc., The Wall Street Journal, Barron’s, Chronicle of Higher Education, and Boston Business Journal, among other publications. He is an Adjunct Professor at Boston University where he lectures about contemporary issues in public finance. Prior to his investment career, Mr. Sherman served as a Congressional Aide in Washington DC, an experience which has proven invaluable in his investment work. He is the Co-Trustee of the Meyer and Naomi Sherman Art Trust, a member of the Screen Actors Guild© and is an Eagle Scout as well as a life-time member of the Eagle Scout Association. Mr. Sherman earned his undergraduate degree from the Maxwell School of Citizenship and Public Affairs at Syracuse University, where he was a member of Pi Sigma Alpha, the National Political Science Honor Society. His Master’s in Public Administration is from the School of International and Public Affairs at Columbia University.
Anu Singh, a Managing Director of Kaufman Hall, provides financial advisory services to healthcare organizations and companies nationwide. As a member of our Mergers and Acquisitions practice, Mr. Singh leads the evaluation, structuring, negotiation, and execution of mergers, acquisitions, joint ventures, and other forms of transactions. His clients have ranged from small acute and non-acute care providers to large multi-regional systems. Mr. Singh has advised on or evaluated more than 100 healthcare transaction-related engagements, spanning from facilitated exclusive negotiations to auctions under the direction of a Bankruptcy Court. Prior to joining Kaufman Hall, Mr. Singh was a Director at Huron Consulting Group, within its Corporate Advisory Services practice. His previous experience includes the execution of turnaround and restructuring plans, and advising on mergers, acquisitions, and other transactions. Mr. Singh also has raised capital for a variety of clients, ranging from underperforming or distressed companies to well-capitalized, investment-grade companies across multiple industries. He has extensive overseas work experience, particularly on behalf of aid agencies, Central Banks, and other parties involved in major financial markets.Mr. Singh has presented at various industry and professional events and seminars, including those sponsored by The Governance Institute, Healthcare Financial Management Association, Volunteer Hospital Association, Becker’s Hospital Review, National Federation of Municipal Analysts, and the Turnaround Management Association. He also has authored articles and been quoted in a number of industry publications.Mr. Singh has an M.B.A from Northwestern University’s Kellogg School of Management and a B.S. in Finance from the University of Illinois at Urbana-Champaign. He also holds CPA, CFA, CTP, CIRA, and CDBV certifications.
Lauren Sobel is a municipal research strategist at Bank of America Merrill Lynch. She contributes to the firm's Municipals Weekly report and the monthly fixed income strategy the Fixed Income Digest. She graduated from Tulane University cum laude with a bachelor's degree in political economy. She is a member of the Municipal Analysts Group of New York (MAGNY) and Fixed Income Analysts Society, Inc (FIASI).
John Vetter is a research analyst in the Fixed Income division at Fidelity Management & Research Company, the investment advisor for Fidelity’s family of mutual funds. In this role, Mr. Vetter is responsible for reviewing securities for purchase by Fidelity’s municipal money market funds, including primary and secondary market variable rate demand obligations issued by tax-exempt issuers and synthetic variable rate securities issued under tender option bond programs. He also covers asset-backed security issuers.
Judy Wesalo Temel is the director of fixed income credit research at Fiera Capital. She directs the development of credit policy, databases, and other tools to manage clients’ portfolio credit risk. She is a voting member of both the Fixed Income Investment Committee and of the US ESG Committee. Judy plays a key role in Fiera’s US ESG strategies, and is involved in marketplace lending. Judy was a co-founder and Principal of Samson Capital Advisors prior to its acquisition by Fiera Capital. Earlier in her career, she worked at Goldman Sachs, Lehman Brothers, and in the New York City Comptroller’s Office. Judy is the author of The Fundamentals of Municipal Bonds, 5th Edition. She has lectured and written extensively about municipal credit, state and local economies, ESG, and other aspects of the markets. She is currently a member of the New York Metropolitan Transportation Authority Inspector General Management Advisory Board. She also served as a Board Member of the New York City Municipal Water Finance Authority and as Chair of the Cornell Alumnae Council, and was on the MSRB EMMA Development Advisory Group. Furthermore, Judy is a Trustee of the Citizens Budget Commission, and a member of The Economic Club of New York, the National Federation of Municipal Analysts, and the Municipal Analysts Group of New York.
David Wessel is a senior fellow in Economic Studies at Brookings and director of the Hutchins Center on Fiscal and Monetary Policy, the mission of which is to improve the quality of fiscal and monetary policies and public understanding of them. He joined Brookings in December 2013 after 30 years on the staff of The Wall Street Journal where, most recently, he was economics editor and wrote the weekly Capital column. He is a contributing correspondent to The Wall Street Journal, appears frequently on NPR’s Morning Edition and tweets often at @davidmwessel. David is the author of two New York Times best-sellers: “In Fed We Trust: Ben Bernanke’s War on the Great Panic” (2009) and “Red Ink: Inside the High Stakes Politics of the Federal Budget” (2012.) He has shared two Pulitzer Prizes, one in 1984 for a Boston Globe series on the persistence of racism in Boston and the other in 2003 for Wall Street Journal stories on corporate scandals. David has served as a member of the Bureau of Labor Statistics’ Data Users Advisory Committee. He also has taught in the Dartmouth Tuck School of Business Global 2030 executive education program and in the journalism program at Princeton University. A native of New Haven, Conn., and a product of its public schools, David is a 1975 graduate of Haverford College. He was a Knight-Bagehot Fellow in Business and Economics Journalism at Columbia University in 1980-81.