Our people

Perpetua Phillips, Vice President, Senior Portfolio Manager
Perpetua has twenty-eight years of financial service experience, including eighteen years in stable value. Perpetua is the primary manager on various stable value portfolios and leads residential MBS portfolio management across fixed income portfolios, which includes setting MBS strategy, security analysis, surveillance and trading. She is a member of committees that are responsible for setting the firm’s macro outlook and asset allocation as well as the Investment Committee. Previously, Perpetua was a portfolio manager of core fixed income portfolios for a New York asset management firm. Perpetua holds an MBA (Finance), New York University; BA (Economics) Columbia University.

Perpetua Phillips
Vice President
Sr. Portfolio Manager

Mark Kummerer, CFA, Vice President, Senior Portfolio Manager
Mark has thirty-seven years of financial service experience, including eighteen years in stable value. Mark is the lead manager on various stable value portfolios as well as a sector specialist responsible for the government sector and implementation of rates and curve strategies. He is a member of Morley’s Investment Committee. Previously, Mark held the position of Managing Director of Fixed Income at National City Bank in Cleveland. He also previously held positions at First America and Bank One. Mark is the recipient of the Charter 10670 from the CFA Institute. Mark holds an MBA (Finance), University of Dayton; BA (Finance), Ohio University. Mark is a CFA charterholder.

Mark Kummerer,
CFA
Vice President
Sr. Portfolio Manager

Shane Johnston, Senior Portfolio Manager
Shane has seventeen years of financial service experience, including sixteen in stable value. Shane is head of the Stable Value Construction Team that focuses on stable value strategy, portfolio design and management, and oversight of all wrap issuer and external manager relationships. He is a lead portfolio manager, head of the Risk Management Team responsible for risk oversight at the fixed income and stable value levels, and a member of the Investment Committee. Previously, Shane held an investor relations position at Portland General Electric. Shane holds an MBA (Finance/Accounting), Northern Arizona University; BS (Economics) University of Oregon.

Shane Johnston
Sr. Portfolio Manager

Gene Lackershire, Portfolio Manager
Gene has twenty-one years of financial service experience, including eleven years in stable value. Gene is a lead manager for stable value portfolios and a member of the Stable Value Construction Team. He also leads external manager oversight for the firm. Previously, Gene was at Portland General Electric where he held the position of Director of Investments. Gene holds an MBA (Finance), Drake University; BS (Business/Finance) Briar Cliff University.

Gene Lackershire
Portfolio Manager

Peter Mahoney, Assistant Portfolio Manager/Trader
Peter has nine years of financial service experience, including six years in stable value. Peter is responsible for trading corporate credit across all sub-sectors and strategies as well as providing daily market insight and relevant trading strategy to the Credit and Investment Teams. He also provides support for the management and measurement of firm-wide best execution practices. Previously, he was at UBS Investment Bank where he held a wide range of responsibilities in operations analysis and fixed income trade support. Peter is a Level II Candidate in the CFA Program (June, 2017). Peter holds a BBA (International Business), University of Portland.

Peter Mahoney
Assistant Portfolio
Manager/Trader

Jordan Reynolds, ASA, Quantitative Analyst
Jordan has three years of financial service experience spent in the stable value industry. Jordan initially joined the firm through our internship program. He is a member of the Stable Value Construction Team and focuses on financial modeling, risk management and analysis, and financial reporting. He also supports the firm’s external manager oversight. Jordan is an Associate of the Society of Actuaries and has passed all three levels of the CFA Program and may be awarded the charter upon completion of the required work experience. Jordan holds a BS, University of Oregon.

Jordan Reynolds,
ASA
Quantitative Analyst

Dan Kang, CFA, Head of Credit
Dan has eighteen years of financial service experience, including six years in stable value. Dan is the head of the Credit Sector Team and is responsible for portfolio management, trading, strategy and research oversight. He is also responsible for counter-party approval. Dan is a member of committees that are responsible for setting the firm’s macro outlook and asset allocation as well as the Investment Committee. Previously, Dan was a Senior Credit Research Analyst for investment grade and high yield assets at River Capital Advisors. Prior to that, he was an investment banker at Raymond James Financial. Dan is a CFA charterholder. Dan holds an MBA (Finance and Accounting), Northwestern University; BA (Economics), University of Pennsylvania.

Dan Kang, CFA
Head of Credit

Nancy McFadden, CFA, Senior Research Analyst
Nancy has twenty-three years of financial service experience, including five years in stable value. Nancy is a member of the Credit Sector Team and is responsible for research coverage of base materials, telecom, media and entertainment, technology, electric utilities and utility sectors. Previously, she was a research analyst and trader at Pugh Capital Management. Prior to that, Nancy was a research analyst and trader at Safeco Asset Management. Nancy is a CFA charterholder. Nancy holds an MBA, Seattle University; BA (Business Administration) Washington State University.

Nancy McFadden,
CFA
Sr. Research Analyst

Matt Wolden, CFA, Senior Research Analyst
Matt has twenty years of financial service experience, including four years in stable value. Matt is a member of the Credit Team and is responsible for research in a variety of sectors including aerospace and defense, multi-industry, construction machinery, REIT, healthcare, insurance and autos. Previously, he was a Director and Team Leader at Genworth Financial. Prior to that, he was an Investment Officer with the Washington State Investment Board. Matt is a CFA charterholder. Matt holds a BS (Accounting), University of North Dakota.

Matt Wolden,
CFA
Sr. Research Analyst

Rupa Raman, CFA, Head of Structured Credit
Rupa has seventeen years of financial service experience, including six years in stable value. Rupa is the head of the Structured Sector Team which includes responsibility for research and trading of ABS and CMBS. Previously, she was with Taconic Capital where her focus was investing in high yield and distressed corporate and structured credit securities. Prior to that, she held portfolio management, research and trading positions in credit derivatives, high yield and structured credit. Rupa is a CFA charterholder. Rupa holds a BS (Economics), University of Pennsylvania.

Rupa Raman, CFA
Head of Structured
Credit

Tracy Liu, Structured Products Trader/Analyst
Tracy has eight years of financial service experience spent in the fixed income industry. Tracy is a member of the Structured Sector Team and is responsible for researching and trading fixed income and structured product securities. Previously, she was at Goldman Sachs where her focus was on physical commodities. Prior to that, Tracy was a credit derivatives trader at Satellite Asset Management. Tracy holds an MBA (Business Administration), Rotterdam School of Management; BBA (Finance and International Business), Hofstra University.

Tracy Liu
Structured Products
Trader/Analyst

Jessica Fedderly, CFA, Fixed Income Analyst
Jessica has thirteen years of financial service experience. Jessica is a member of the Credit Team and is responsible for research in a variety of sectors including food and beverage, retailers and consumer products. Previously, she was a fixed income analyst at American Funds, Putnam Investments and Vanguard. Jessica is a CFA charterholder and holds an MBA at Yale University; BA (History), Princeton University.

Jessica Fedderly, CFA
Fixed Income
Analyst

Sharon Hoppel, Client Portfolio Manager
Sharon has thirty-four years of financial service experience, including thirty-three years in stable value. Sharon is responsible for relationship management and coordination of marketing and client service initiatives for the firm. Previously, she was a Vice President with Dwight Asset Management where she provided client service and investment support to stable value clients in the public and private sectors as well as collective investment trusts. Prior to that, Sharon was with The Laughlin Group where she held positions in operations, administration, portfolio management and relationship management of the firm’s stable value division. Sharon attended Portland State University.

Sharon Hoppel
Client Portfolio
Manager

Sharon Morell, Client Portfolio Manager
Sharon has eighteen years of financial service experience, including fifteen years in stable value. Sharon is a relationship manager for separate account clients. She is also responsible for building and retaining relationships with prospective and existing clients directly and through consultants and intermediaries. Previously, Sharon was responsible for underwriting and contract negotiations. Prior to that, she was a consultant for the Stable Value Investment Association and a fixed income security and arbitrage trader. She holds an MBA (Finance/Investments) University of California, Berkeley; BS (Quantitative Methods) University of Oregon.

Sharon Morell
Client Portfolio
Manager

Brett Okamoto, Relationship Manager
Brett has fifteen years of financial service experience, including twelve years in stable value. Brett is responsible for building and retaining relationships with prospective and existing clients directly and through platforms, TPAs, advisors and consultants. Previously, he was a personal banker with US Bank. He holds a BA (International Studies), Willamette University.

Brett Okamoto
Relationship
Manager

Jim Pondel, Senior Relationship Manager
Jim has eighteen years of financial service experience, including ten years in stable value. Jim is responsible for building and retaining relationships with prospective and existing clients directly and through consultants, platforms, TPAs and advisors. Previously, he was a Senior Investment Consultant for Aon Hewitt. Prior to that, Jim was a relationship manager for stable value clients at ABN-AMRO Bank. He holds a M.B.A. DePaul University Kellstadt Graduate School of Business; B.S. (Finance) University of Illinois at Chicago.

Jim Pondel
Senior Relationship
Manager

Audrey White, Relationship Manager
Audrey has eighteen years of financial service experience, including twelve years in stable value. Audrey is a relationship manager for separate account clients and the Principal Stable Value Fund. She works directly with RIAs and consultants to build and retain relationships with prospective and existing clients. Previously, Audrey was at AIG Financial Services where her responsibilities included sales and relationship management. She holds a BA (Communications), University of Oregon.

Audrey White
Relationship
Manager

Yolanda Reyes White, QPA, QKA, Senior Client Service Advisor
Yolanda has twelve years of financial service experience, including seven years in stable value. Yolanda is responsible for building and retaining relationships with prospective and existing clients through platforms, TPAs, advisors and consultants. She also prepares RFPs for new client opportunities and existing relationships. Previously, Yolanda was a Senior Account Manager with Standard Insurance Company. She is a member of the American Society of Pension Professionals & Actuaries as well as the Western Pension & Benefits Council. She holds an M.S. from the University of Oregon and a B.A. from Oregon State University.

Yolanda Reyes White
QPA, QKA
Senior Client Service
Advisor

Maria Hatziyiannis, Client Service Advisor
Maria has twenty-four years of financial service experience. Maria is responsible for assisting clients, developing marketing materials and preparation of RFPs and RFIs for new client opportunities and existing relationships. Previously, she was an Investment Reporting Analyst at CTC|myCFO where she was responsible for benchmark data maintenance and hedge fund and private equity statement processing. Prior to that, Maria was at Tygh Capital Management focusing on compliance, client reporting, RFPs and RFIs. Maria attended Portland State University.

Maria Hatziyiannis
Client Service
Advisor