PHILADELPHIA, Jan. 31, 2012 (GLOBE NEWSWIRE) -- PFM Group, one of the nation's leading providers of independent financial and investment advisory services to state and local governments and not-for-profit institutions, announced today that four senior professionals have been promoted to Managing Directors of the firm. PFM CEO John H. Bonow announced the promotions of Marc D. Ammaturo, Bob Gamble, Jeff Schroeder and Scott Trommer. Mr. Ammaturo serves clients of PFM Advisors and is based in the firm's Philadelphia headquarters office; Mr. Gamble works in Financial Advisory in San Francisco; Mr. Schroeder represents the Asset Management division in the Midwest; and Mr. Trommer focuses on the Transportation sector and is headquartered in New York City.
"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 tenets of independence, initiative, and integrity, PFM can continue our expansion, even in the difficult financial environment that we have experienced for several years now," he added.
Marc Ammaturo came to PFM seven years ago from Coopers & Lybrand. He works with PFM Advisors, the group in PFM Asset Management LLC that provides investment consulting and asset management services for public and private pension funds, 401(k), 403(b) & 457 plans, endowments, foundations, and OPEB trusts. PFM Advisors is one of PFM's fastest growing practices, and Marc is involved in key strategic engagements for clients such as the City of Philadelphia, SEPTA, and Allegheny County. Mr. Ammaturo has been co-managing PFM Advisors' Multi-Asset Class Management (MACM) product since its inception in 2006.
Bob Gamble works in PFM's Financial Advisory practice in San Francisco. He joined PFM seven years ago with over 20 years of previous professional experience with the City and County of San Francisco and the San Francisco Redevelopment Authority. Bob began his career at PFM primarily focusing on economic development and redevelopment projects, but with his excellent professional reputation in the area of economic development and local government, he has expanded PFM's coverage to many local municipal governments throughout the West.
Jeff Schroeder has demonstrated his leadership in building PFM's Midwest Asset Management practice. Jeff began his career at PFM five years ago by growing the firm's practice in Illinois. He then expanded the firm's presence further to include Wisconsin and Iowa. Jeff is a seasoned investment professional with over 20 years of experience serving governmental entities. He has been successful in serving PFMAM clients in many different areas, including Multi-Asset Class Management, Higher Education, Structured Products, and Individual Portfolios.
Scott Trommer puts his extensive experience in the Transportation sector to work for PFM's clients. Scott has some 20 years of experience in the transportation field serving in the public sector, as well as advising transportation agencies at a consulting firm and leading the transportation ratings group at Fitch Ratings. A widely recognized industry expert, Scott has served as a lead project manager in numerous PFM transportation financing transactions. His ability to advise on debt structuring and issuance where success is especially dependent on a thorough understanding of complex transportation matters has helped many PFM clients in the four years he has been with the firm.
"In challenging times like these, experience, commitment, and a focus on the client alone is of tremendous value," PFM's CEO noted. "In 2011, PFM successfully retained its leadership position in our industry, and we expect these new managing directors will be an integral part of PFM's success in 2012 as well," he concluded.
PFM's more than 470 employees serve a broad base of clients from 34 offices located in every region of the country. The firm is well respected for providing clients with independent advisory services free of conflicts in their dealings with the capital markets. Public Financial Management, Inc., part of the PFM Group of companies, was the top-ranked independent financial advisory firm in the nation at December 31, 2011, according to Thomson-Reuters, advising on more than $39.6 billion of total debt in 757 separate transactions during the year. PFM Asset Management LLC (PFMAM), also part of the PFM Group of companies, is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. PFMAM had $42.2 billion in assets under management and provided investment consulting services for an additional $24.2 billion in securities as of December 31, 2011. PFM's clients are state and local governments, non-profit corporations, pension funds, and similar institutional investors. The PFM Group of companies also provides best practices strategic consulting and pension advisory consulting services.
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