Todd Brux, CFA
Managing Director, Senior Portfolio Manager
Investment Experience: 18 Years
Todd Brux co-leads the Rates Research Team in our fixed income group. Todd has extensive fixed income industry experience and is currently responsible for researching Agency and whole-loan residential mortgage-backed securities as well as commercial mortgage- and asset-backed securities. He also has portfolio management responsibilities for our community investing, mortgage, and opportunistic high income mandates. Before joining RBC GAM (US) in 2004, Todd held senior positions at GMAC-RFC, and was previously 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 a member of the CFA Society of Minnesota.
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Scott Cabalka
Vice President, Client Service Portfolio Manager
Investment Experience: 31 Years
Scott Cabalka is a senior institutional portfolio manager responsible for our Client Service Portfolio Management Team’s coverage of the RBC Money Market Funds, local government investment pools, and other short fixed income solutions. Scott is a veteran member of the firm’s Cash Strategy & Credit Committee and Fixed Income Committee, and provides guidance on investment policy and implementation for all of our short mandates. In addition, he leads our communication with clients invested in our short fixed income strategies and ensures that they receive the most appropriate solutions and service. Before joining RBC GAM (US) in 1993, Scott was an account executive at Merrill Lynch, where he focused on short strategies for institutional investors. He has specialized in short fixed income 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: 27 Years
Susanna Gibbons leads our fixed income group’s Credit Research Team. Susanna has extensive fixed income industry experience and is currently responsible for researching the banking, energy, and utilities sectors of the credit markets. She also has considerable expertise in portfolio management, with current responsibilities for our core, investment grade, and high yield mandates. Susanna joined RBC GAM (US) in 2007 from Jeffrey Slocum & Associates, where she was the director of fixed income research. She previously held several senior credit and portfolio management positions at The St. Paul Companies. Susanna began her career in the investment industry in 1985 and has also worked for J.P. Morgan Investment Management and MetLife. 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, CFA
Senior Analyst
Investment Experience: 11 Years
Eric Hathaway is a Senior Analyst on the Rates Research Team in our fixed income group. Eric has specific research accountabilities for Treasury and Treasury Inflation Protected Securities (TIPS) as well as Agency and non-Agency residential mortgage-backed securities. He also provides portfolio management support for our Government, mortgage, and opportunistic high income mandates. Before joining RBC GAM (US) in 2006, Eric worked at Piper Jaffray as a risk management 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 CFA charterholder.
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Ronald A. Homer
Managing Director, Client Service Portfolio Manager and President, Access Capital Community Investment Fund
Investment Experience: 42 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: 22 Years
John Huber oversees our fixed income research and portfolio management efforts. John is a member of the firm’s Executive Committee. He joined RBC GAM (US) in 2004 from Galliard Capital Management, where he was a founding member and principal. 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 a member of the CFA Society of Minnesota.
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Raye C. Kanzenbach, CFA
Senior Managing Director, Senior Portfolio Manager
Investment Experience: 38 Years
Raye Kanzenbach leads the Municipal Research Team in our fixed income group. 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 U.S. 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
Analyst
Investment Experience: 11 Years
John Northup is a member of our fixed income group’s Short Term Research Team. John conducts research on short term securities and executes trades in high quality Government securities. He also provides direct trading and portfolio management support for many of our cash management and public fund clients. 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
Senior Analyst
Investment Experience: 9 Years
Jake Rath is a Senior Analyst supporting the Credit Research Team in our fixed income group. Jake researches the basic materials, capital goods, transportation, and insurance sectors of the investment grade and high yield credit markets. He also provides portfolio management support for our core, credit, and high yield mandates. Before joining RBC GAM (US) in 2007, Jake worked as an analyst in U.S. Bank’s capital markets group, where he was involved in underwriting middle market subordinated debt transactions. His experience also includes working as a corporate financial analyst at Allianz Life and as an accountant at Ernst & Young. Jake began his career in the investment industry in 2003. He earned a BA in Economics from St. Olaf College and an MA in Accounting from the University of Virginia. Jake is a CFA charterholder and a member of the CFA Society of Minnesota.
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Chad Rice, CFA
Vice President, Portfolio Manager
Investment Experience: 9 Years
Chad Rice is a member of the Municipal Research Team in our fixed income group. Chad is a portfolio manager for the Tax-Free Money Market Fund and our intermediate municipal mandates. His research responsibilities include tax-exempt money market securities and taxable as well as tax-exempt general obligations and revenue bonds. Chad joined RBC GAM (US) in 2011 from Sentry Insurance, where he was a senior portfolio manager responsible for municipal portfolio management for the firm’s property/casualty and life insurance businesses. He joined Sentry in 2003 after completing his MS in Finance, Investments, and Banking at the University of Wisconsin-Madison Wisconsin School of Business. While attending the Applied Security Analysis Program at the University of Wisconsin, Chad was selected to co-manage a fixed income portfolio, which spurred his interest in investment research. He earned a BS from the University of Wisconsin-Stevens Point and began his professional career as a medical technologist doing immunohematological testing for Marshfield Clinic Laboratory. Chad is a CFA charterholder and a member of the National Federation of Municipal Analysts.
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Anthony S. Rust
Managing Director, Institutional Portfolio Manager
Investment Experience: 18 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 and private markets firm that specialized in serving institutional investors. As president, he was responsible for managing and operating the firm, which successfully structured and 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 socially responsible investing (SRI), and buyout fund and venture capital investments. As an SRI professional, Anthony invested more than $100 million into private equity and venture capital in low-to moderate-income (LMI) communities across the country, helping to create quality jobs and businesses, sustain and grow existing businesses, and generate double and triple bottom line returns that positively impacted the communities he invested in and the lives of the people who lived and worked in those communities. 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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Lorna Schmidt
Client Service Portfolio Manager
Investment Experience: 12 Years
As a member of our Client Service Portfolio Management Team, Lorna Schmidt leads the firm’s efforts on behalf of our intermediate and long term fixed income clients to ensure they receive most appropriate investment solutions and service. Lorna joined RBC GAM (US) in 2010 with extensive client service experience. Most recently, as assistant vice president, client service-fixed income at AllianceBernstein, she was the principal client contact for multi-billion dollar relationships with insurance companies and sovereign wealth funds. Before that, Lorna was a member of a marketing communications team for institutional and retail channels at Morgan Stanley Asset Management. Her previous industry experience also includes several marketing and client service roles at Lazard Asset Management. Lorna began her career in the investment industry in 1999. She earned a BA from the University of Toronto and an MA from Columbia University. Lorna holds the FINRA Series 7 license.
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Brian Svendahl, CFA
Managing Director, Senior Portfolio Manager
Investment Experience: 20 Years
Brian Svendahl co-leads the Rates Research Team in our fixed income group. Brian has specific research responsibilities for U.S. Treasuries and Agencies, certain Agency alternatives, and derivative/overlay strategies. He has extensive portfolio management experience and is responsible for managing our longer Government and risk based investment mandates. Brian joined RBC GAM (US) in 2005 from Wells Fargo, where he served as senior vice president and risk manager for its fixed income broker/dealer. His experience also includes liability management, balance sheet hedging strategy implementation, and various risk management activities for Wells Fargo Treasury. Brian began his career in the investment industry in 1992. He 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. Brian is a CFA charterholder.
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Brandon T. Swensen, CFA
Vice President, Portfolio Manager
Investment Experience: 13 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 also has portfolio management responsibilities for our short term and cash management mandates. Brandon joined RBC GAM (US) in 2003, and has held several key positions in our fixed income group including senior structured product analyst and credit analyst. He began his career in the investment industry in 1998. Brandon earned a BS in Finance from St. Cloud State University and an MBA in Finance from the University of St. Thomas. He is a CFA charterholder and a member of the CFA Society of Minnesota.
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Jonathan Tai, CPA
Analyst
Investment Experience: 14 Years
As a member of our fixed income group’s Short Term Research Team, Jonathan Tai is responsible for conducting research on and trading in Treasuries, Agencies, and commercial paper for our money market, cash, and short duration fixed income solutions. Jonathan joined RBC GAM (US) in 2011 from RBC Wealth Management, where he worked in corporate finance supporting RBC Correspondent Services and RBC Advisor Services. Jonathan’s earlier professional experience includes financial system development and financial planning and analysis at UnitedHealth Group. He began his career in the financial services industry in 1998 at Aetna. Jonathan earned a BBA in Finance from National Chengchi University in Taiwan and an MS in Finance from the University of Illinois at Urbana-Champaign. He is a Certified Public Accountant and Level III candidate for the CFA designation
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James P. Weinand, CFA
Senior Analyst
Investment Experience: 17 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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