PHILADELPHIA, Feb. 4, 2013 (GLOBE NEWSWIRE) -- The PFM Group, the nation's leading provider of independent financial and investment advisory services to state and local governments and not-for-profit institutions, announced today that seven senior professionals have been promoted to Managing Directors of the firm. PFM CEO John H. Bonow announced the promotions of Jeremy Bass, Jay Glover, Daniel Hess, Tracey Keays, Tim Kiley, Jessica Cameron Mitchell and Brent Wilder.
Mr. Bass serves municipal clients and those in the Higher Education sector and is based in the firm's Boston office; Mr. Glover works in Orlando serving the Florida market as a financial advisor; Mr. Hess represents PFM Asset Management as head of Fund Accounting in Harrisburg, PA; Ms. Keays provides financial advisory services to clients in the New York market from PFM's office in New York City; Mr. Kiley serves clients primarily in the Healthcare sector and is based in Orlando; Ms. Mitchell serves PFM financial advisory clients in the Midwest from Minneapolis; and Mr. Wilder serves a variety of local and state government entities from PFM's Orlando office.
"These are individuals who, through diligent client service and dedication to our firm, have helped PFM maintain our leadership role across a broad spectrum of markets," Mr. Bonow noted. "They have proven that by focusing on our corporate values of independence, initiative, and integrity, PFM can continue to earn the trust of clients and grow in years to come," he added.
Jeremy Bass joined PFM in 2001 in the Boston office upon graduation from Bucknell University. Over the past twelve years, he has expanded his business from a general government practice to one that increasingly focuses on the highly specialized higher education sector. He works with clients throughout the Northeast, and assists clients by bringing the services of PFM's Asset Management professionals into appropriate engagements, as well as providing the highest levels of expertise in the financial advisory realm. Among his responsibilities are the City of Boston, the University System of Maryland, the Connecticut State University System, Williams College, Smith College, Bucknell University, among several others. Jeremy is also a specialist in PFM FuturePerfect, the strategic planning function that PFM offers to higher education institutions and other 501(c)3 entities. He is in demand as a speaker at numerous industry conferences, and is a well-regarded resource by his clients.
Jay Glover has also spent his entire career at PFM since joining the firm approximately 13 years ago. He serves major government clients throughout Florida from PFM's Orlando office as a highly effective engagement manager and strategic partner. He is a key contributor to PFM's number one financial advisory ranking in the South, with responsibility for large and small cities, counties and school districts, as well as helping to develop the State's PACE environmental finance program. His technical and quantitative strengths combine with an unwavering commitment to his clients, resulting in rapid and ongoing growth for PFM in the South.
Daniel Hess is a CPA who joined PFM in 2001 after spending over three years as an auditor at PricewaterhouseCoopers. Dan oversees fund accounting, reporting and quality assurance for PFMAM's 14 local government investment pools and 2 SEC-registered money market funds (PFM Funds) that currently total over $17 billion, working closely with each fund's oversight board, auditors, legal counsel and custodian banks, as well as PFMAM's internal trading, operations, marketing and compliance teams. Dan has led several fund mergers and restructurings over the years and is noted for his thorough understanding of the applicable regulatory matters. He also previously served as PFMAM's compliance manager for six years and remains a principal of its broker-dealer subsidiary. His industry and accounting knowledge allow him to make a major contribution to the firm and its clients, as successful execution of these activities is essential to PFM's ongoing success.
Tracey Keays joined PFM in 2008 after a 28-year career as a public finance investment banker, working at EF Hutton, Bond Investor Guaranty and JP Morgan. Her responsibilities include working on the financial advisory team for Nassau County, New York City Transitional Finance Authority, Dormitory Authority of the State of New York (DASNY), Empire State Development, New York State Thruway, Westchester County, and other New York state and local issuers. Tracey has deep industry knowledge and is a vocal client advocate and engagement manager, garnering a high level of trust and respect from her clients. She also plays a key leadership role in the management of staff and execution of new business efforts for the New York office.
Tim Kiley also came to PFM in 2009 after establishing himself as an investment banker at Morgan Stanley and SunTrust. An attorney, investment advisor and banker with over 30 years of experience, he works in PFM's Orlando office and has been instrumental in helping PFM expand the firm's healthcare practice in the South. Tim manages PFM's client relationship with the Adventist Health System/Sunbelt as well as several regional hospitals, bringing senior level support for all of the PFM Group's healthcare finance business in the region. He also serves a client list that includes some of PFM's largest accounts in the State of Florida. Mr. Kiley's knowledge of the complex nature of healthcare finance is expected to accelerate PFM's burgeoning growth in the Southeastern U.S. healthcare finance market.
Jessica Cameron Mitchell is in her tenth year at PFM after joining the firm with the acquisition of Evenson Dodge, where she had been employed since 1997. Originally joining the firm as a Consultant, her knowledge, skills, and commitment to clients have helped her to advance rapidly through PFM's promotional ranks. Jessica is based in Minneapolis, and plays a key role in managing that office. Her practice is focused both on local (upper Midwest) and national (State Revolving Fund) clients. Her local clients are well balanced between prominent issuers (the State of Minnesota, Hennepin County) and other local governments. She is a noted industry expert in State Revolving Funds and is highly respected by the clients, bankers and others in that sector, where her technical expertise has been a critical component of PFM's success in growing its client base. She is the lead advisor on a number of state revolving fund accounts, as well as other State level issuers, and in future, is expected to lend her considerable experience in further expanding PFM's SRF practice nationwide and PFM's client base in the Midwest.
Brent Wilder, who joined PFM in 2009, is a professional with over 24 years of finance experience, serving over half of those years as both a Financial Advisor and an investment banker with SunTrust and Citi in the Florida marketplace. Based in PFM's Orlando office, Brent is responsible for PFM's school district and Community Development District practices as well as PFM's business with certain state-level agencies, cities and counties. Among his larger clients are the City of Orlando, Orange County Public Schools, FL DOT and many others. His extensive knowledge of corporate and investment banking, in all its aspects, adds considerable value to PFM's clients as he assumes a leadership role in PFM's Florida General Municipal practice.
"As our firm continues to expand, the experience, commitment, and unfailing focus on clients demonstrated by this group is of tremendous value," PFM's CEO noted. "In 2012, PFM successfully retained our leadership position across the industry, and we expect these new Managing Directors will be an integral part of PFM's success as we continue to support and advise our clients, build our firm and position ourselves for outstanding future growth," he concluded.
The PFM Group of companies includes Public Financial Management, Inc., (PFM) the top-ranked municipal advisory firm in the nation, providing independent financial advisory services to a broad base of local, state, and regional government and non-profit clients throughout the United States. PFM is a registered municipal advisor with the SEC and the MSRB under the Dodd-Frank Act of 2010, and has been ranked number one nationally in debt transactions for the past 15 consecutive years. The firm is well-respected for providing clients with independent advisory services free of conflicts in their dealings with the capital markets in the fields of Higher Education, Public Power, Transportation, Healthcare, General Municipal, Environmental Utilities and Management & Budget Consulting, among others. For the full year of 2012, PFM again led the market by advising clients on $56.9 billion of total debt issuances in 900 transactions. In addition, at December 31, 2012, PFM Asset Management LLC (PFMAM), a part of the PFM Group, had $47.4 billion in assets under management for state and local governments and non-profit institutions. PFMAM is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. PFM also provides best practices strategic consulting and pension advisory consulting services. The PFM Group currently employs more than 470 individuals serving a broad base of clients from offices in every region of the country.
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