Todd Brux, CFA
Managing Director, Senior Portfolio Manager
Investment Experience: 16 Years
Todd Brux is a leader of our fixed income group’s Rates Research Team. Todd also has research responsibilities for Agency and Community Reinvestment Act residential mortgage-backed securities as well as commercial mortgage-backed securities and real estate investment trusts. He has extensive experience analyzing and investing in the structured product market. Before joining RBC GAM (US) in 2004, Todd was the head trader at GMAC-RFC, working on the whole loan mortgage business, and a senior investment analyst at Galliard Capital Management. He began his career in the investment industry in 1994. Todd earned a BA in Economics from the University of Wisconsin-Madison. He is a CFA charterholder and member of the CFA Society of Minnesota.
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Scott Cabalka
Vice President, Client Service Portfolio Manager
Investment Experience: 30 Years
Scott Cabalka is a senior portfolio manager responsible for co-managing the RBC Money Market Funds along with our government investment pools and other short term portfolio solutions. Scott is a veteran member of the firm’s Cash Strategy & Credit Committee as well as our Fixed Income Committee providing guidance on policy and strategy for all our short fixed income mandates. In addition, he is a member of our fixed income group’s Client Service Portfolio Management Team, which leads our communication with clients and coordinates investment policy activities to ensure each client receives the most appropriate investment solutions and service. Before joining RBC GAM (US) in 1993, Scott was an account executive with Merrill Lynch, where he focused on short term investment strategies for institutional investors. He has specialized in short fixed income strategies since he began working in the investment industry in 1980. Scott earned a BS and an MBA in Finance from the University of Minnesota Carlson School of Management.
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Susanna Gibbons, CFA
Vice President, Portfolio Manager
Investment Experience: 25 Years
Susanna Gibbons leads our fixed income group’s Credit Research Team. Susanna’s research responsibilities include banking, energy, finance, and utilities. She has extensive capital markets experience. Susanna joined RBC GAM (US) in 2007 from Jeffrey Slocum & Associates, where she was the director of fixed income research. She also held several senior credit and portfolio management positions at The St. Paul Companies. Susanna began her career in the investment industry in 1985. She earned a BA from Bryn Mawr College and an MBA from the New York University Stern School of Business. Susanna is a CFA charterholder.
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Eric Hathaway
Analyst
Investment Experience: 9 Years
Eric Hathaway is a member of the Rates Research Team in our fixed income group. Eric researches the intermediate and long term portions of the rates market as well as non-Agency residential mortgage-backed securities. Before joining RBC GAM (US) in 2006, Eric worked at Piper Jaffray as a risk management analyst and Treasury analyst. He began his career in the investment industry in 2001. Eric earned a BA from the University of South Dakota and an MBA from the University of Minnesota Carlson School of Management. Eric is a Level III candidate for the CFA designation.
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Donald M. Henken
Analyst
Investment Experience: 3 Years
Don Henken is a member of the Credit Research Team in our fixed income group. Don’s research coverage includes banks, basic materials, and technology. Before joining RBC GAM (US) in 2008, he served as a loan officer at Standard Mortgage Corporation in New Orleans. Don began his career in the investment industry in 2007. He earned a BS in Chemical Engineering from Louisiana Tech University and an MBA from the Applied Security Analysis Program at the Wisconsin School of Business at the University of Wisconsin-Madison. He passed the Level III exam for the CFA designation in June 2009.
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Ronald A. Homer
Managing Director, Client Service Portfolio Manager and President, Access Capital Community Investment Fund
Investment Experience: 41 Years
Ron Homer is a member of our Client Service Portfolio Management Team. Ron communicates with our Access Capital clients and coordinates our efforts to ensure that each client receives the most appropriate investment solutions and service. He also serves as President of the Access Capital Community Investment Fund. Before joining RBC GAM (US) in July 2008, Ron served as the chief executive officer of Access Capital Strategies LLC. Prior to co-founding Access Capital, he was the president and chief executive officer of the Boston Bank of Commerce, New England’s largest minority-owned financial institution. During Ron’s tenure, the bank was a leading lender in affordable housing, home mortgages, small business, and community development in Boston. He also formerly served as a director at Sallie Mae and the Nynex telephone companies. Ron began his career in the financial services industry in 1969. He earned a BA from the University of Notre Dame and an MBA from the University of Rochester. Ron also holds honorary degrees from the University of Massachusetts-Boston and Cambridge College. He is a past chairman of the National Bankers Association and a former member of the Federal Reserve Board of Governors Consumer Advisory Council. Ron was the founding chair of the American Bankers Association Center for Community Development. He is the Vice Chair and a founding board member of the Initiative for a Competitive Inner City.
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John M. Huber, CFA
Senior Managing Director, Chief Investment Officer - Fixed Income
Investment Experience: 20 Years
John Huber oversees our fixed income research and portfolio management efforts. John also maintains specific research responsibilities for the taxable municipal sector and the transportation industry. He joined RBC GAM (US) in 2004 from Galliard Capital Management, where he was a founding member and principal of the firm. Before that, John was a portfolio manager at Norwest Investment Management, where he began his career in the capital markets group in 1990. He earned a BA from the University of Iowa and an MBA in Finance from the University of Minnesota Carlson School of Management. John acts as an advisor to the Carlson Funds Enterprise for the University of Minnesota. He is also a board member of the Minneapolis Downtown YMCA. John is a CFA charterholder and member of the CFA Society of Minnesota. In 2008, the Minneapolis/St. Paul Business Journal named him as a Top 40 Under Forty honoree.
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Raye C. Kanzenbach, CFA
Managing Director, Senior Portfolio Manager
Investment Experience: 37 Years
Raye Kanzenbach leads our fixed income group’s Municipal Research Team. Raye has extensive experience researching and investing in municipal securities. His research responsibilities include tax-exempt money market securities, general obligations, and revenue bonds. Before joining RBC GAM (US) in 1983, Raye worked at First Bank, where he managed the firm’s municipal and money market trust funds. He was also previously an investment officer at The St. Paul Companies. Raye began his career in the investment industry in 1973. He earned a BA in Economics from Lawrence University and an MBA in Finance from the University of Michigan. Raye is a CFA charterholder.
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John M. Northup, CFA
Junior Analyst
Investment Experience: 10 Years
John Northup is a member of the Short Term Research Team in our fixed income group. John conducts research and executes trades for PFS. His research coverage includes Agencies and certificates of deposit. John came to RBC GAM (US) in 2005, and worked as a portfolio administrator prior to joining our fixed income group. Before joining the firm, he worked in municipal bond settlements at RBC Dain Rauscher. John began his career in the investment industry in 1999. He earned a BBA in Economics from the University of Wisconsin-Eau Claire. John is a CFA charterholder.
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Jake J. Rath, CFA
Analyst
Investment Experience: 7 Years
Jake Rath is a member of the Credit Research Team in our fixed income group. Jake researches industrials and insurance in the corporate sector, and colleges and universities in the municipal sector. Before joining RBC GAM (US) in 2007, he worked as an analyst in U.S. Bank’s capital markets group, where he was involved in underwriting middle market subordinated debt transactions. Jake’s experience also includes working as a corporate financial analyst at Allianz Life and an accountant at Ernst & Young. He began his career in the investment industry in 2003. Jake earned a BA in Economics from St. Olaf College and an MA in Accounting from the University of Virginia. He is a CFA charterholder and member of the CFA Society of Minnesota.
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Anthony S. Rust
Managing Director, Access Capital Strategies Solution Specialist
Investment Experience: 0 Years
Anthony Rust is responsible for business development and client service for our Access Capital Community Investment Strategy. Anthony joined RBC GAM (US) in 2010 from Newport Capital, Inc., a capital markets firm that specialized in serving institutional investors. As president, he was responsible for managing and operating the firm, which successfully placed more than $4.5 billion in capital transactions. Anthony was also a senior managing partner of Newport’s private equity fund-of-funds investment management business, which specialized in buyout fund, socially responsible, and venture capital fund investments. Before that, he was an investment banker at First Albany Corporation. Anthony earned a B.A. in Political Science from Tufts University and an M.P.S. in Political Management from The George Washington University/SUNY Graduate School of Political Management. He is the founder and Chairman of The Last Shall Be First Foundation and is involved with the South Kingstown Senior Center and the Boys & Girls Club of Newport County.
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William Schramm
Junior Analyst
Investment Experience: 5 Years
Bill Schramm is a member of our fixed income group’s Short Term Research Team. Bill’s research responsibilities include Agencies and municipal money market securities. Before joining RBC GAM (US) in 2007, he worked at Thrivent Financial as an investment accountant. Bill began his career in the investment industry in 2005. He earned a BS in Finance and a BA in Economics from the G.R. Herberger College of Business at St. Cloud State University. Bill passed the Level II exam for the CFA designation in June 2009.
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Brian Svendahl, CFA
Managing Director, Senior Portfolio Manager
Investment Experience: 18 Years
Brian Svendahl is a leader of the Rates Research Team in our fixed income group. Brian also has research responsibilities for Agency commercial mortgage-backed securities, municipal housing, Agency balloons, and derivatives. He joined RBC GAM (US) in 2005 from Wells Fargo Brokerage Services, where he served as senior vice president and risk manager. Brian’s experience also includes developing VaR analysis and off-balance-sheet hedging strategies at Wells Fargo Treasury. He began his career in the investment industry in 1992. Brian earned a BS in Economics from the University of Minnesota, and a BBA in Finance and an MBA from the University of Minnesota Carlson School of Management. He is a CFA charterholder.
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Brandon T. Swensen, CFA
Vice President, Portfolio Manager
Investment Experience: 12 Years
Brandon Swensen leads our fixed income group’s Short Term Research Team. Brandon researches asset-backed commercial paper and consumer asset-backed securities. He joined RBC GAM (US) in 2000, and has held several key positions in our fixed income group including senior structured product analyst and credit analyst. Brandon began his career in the investment industry in 1998. He earned a BS in Finance from St. Cloud State University and an MBA in Finance from the University of St. Thomas. Brandon is a CFA charterholder and member of the CFA Society of Minnesota.
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Cortney Swensen, CFA
Analyst
Investment Experience: 6 Years
Cortney Swensen is a member of our fixed income group’s Credit Research Team. Cortney researches communications, consumer cyclicals, consumer noncyclicals, health care, and hospitals. Before joining RBC GAM (US) in 2006, she worked at Piper Jaffray & Co. as a fixed income strategist. Cortney began her career in the investment industry in 2004. She earned a BS in Civil Engineering from the University of Minnesota Institute of Technology and an MBA from the University of Minnesota Carlson School of Management. Cortney is a CFA charterholder.
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John A. Utter
Vice President, Client Service Portfolio Manager
Investment Experience: 22 Years
John Utter is a member of the Client Service Portfolio Management Team in our fixed income group. John’s responsibilities include communicating with and coordinating the firm’s efforts on behalf of our insurance company, pension plan, and total rate of return clients, and clients invested in our Broad Market Core, Broad Market Core Plus, High Yield, and Opportunistic High Income strategies to ensure they receive the most appropriate investment solutions and service. He joined RBC GAM (US) in 2010, from RiverSource Investments, where he was a divisional sales director, leading a sales team that helped clients with investment solutions ranging from traditional equities and fixed income to portable alpha and absolute return strategies. Before that, John spent 15 years in institutional sales assisting banks, insurance companies, and hedge funds in the U.S. and Europe with their fixed income investments. He began his career in the investment industry in 1988. John earned a BA from St. Lawrence University.
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James P. Weinland, CFA
Senior Credit Analyst
Investment Experience: 15 Years
Jim Weinand is a member of our fixed income group’s Credit Research Team. Jim researches consumer cyclicals, health care, technology, and financials. Before joining RBC GAM (US) in 2010, he worked at Columbia Management (formerly RiverSource Investments) as a credit analyst on the high yield credit team. Prior to working in high yield, Jim worked as an equity quantitative analyst for the same firm. He began his career in the investment industry in 1995. Jim earned a BS in Finance from the University of Minnesota Carlson School of Management and is a CFA charterholder.
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