Theresa Seto Alewine
Vice President, Chief Compliance Officer
Investment Experience: 16 Years
Theresa Seto Alewine is responsible for advancing, implementing, and administering the firm’s compliance program and helping to coordinate global compliance across RBC. Theresa joined RBC GAM (US) in 2010 from RBC Wealth Management, where she served as compliance director of IAG, Retirement & Trust Services. She has worked in the financial services industry since 1996. Theresa earned a BA from Concordia University and an MBA from Augsburg College. She holds FINRA Series 7, 63, 65, 31, 24, 4, 9, and 10 licenses.
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Matthew J. Appelstein, CFA, CPA
Head of Distribution - U.S.
Investment Experience: 28 Years
Matthew Appelstein leads our distribution efforts, prioritizing RBC GAM investment strategies and building the RBC GAM brand in the U.S. In Matthew’s 28 years in the investment industry, he has led institutional, sub-advisory, consultant relations, alternatives, and retail sales teams, and held several senior product management and marketing positions. He joined RBC GAM (US) in 2011 from Old Mutual Asset Management, where he most recently served as head of global distribution, building the firm’s distribution activities in a range of channels and overseeing the firm’s public relations and marketing efforts. In addition to other senior roles at Old Mutual, Matthew previously held various positions in consultant relations, marketing, and finance at Fidelity Investments, and was manager, business investigation services and mergers & acquisitions at Coopers & Lybrand. He earned a BA in Accounting with a minor in Finance from the University of Massachusetts. Matthew holds the FINRA Series 6, 63, 7, and 24 licenses and the CFA and CPA designations.
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Kelly Axtell
Consultant Relationship Manager
Investment Experience: 12 Years
Kelly Axtell is a member of the Consultant Relations Team with the primary responsibilities of developing and maintaining the firm’s relationships with investment consulting organizations, and assisting in new business efforts by marketing investment services to consultants. Prior to her current role, Kelly worked in Client Service, interfacing between various teams at the firm and our clients on issues relating to the investment advisory relationship. She began her career in the financial services industry in 2000 as a senior portfolio administrator at RBC GAM (US). Kelly earned a BBA in Finance from the University of Minnesota-Duluth and an MBA in Finance from the University of Minnesota Carlson School of Management.
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Amy Buser
Client Service Associate Portfolio Manager
Investment Experience: 8 Years
Amy Buser coordinates client service activities for many of our institutional clients, including our Access Capital Community Investment clients. Amy’s responsibilities include ensuring that our clients receive appropriate reporting and organizing meetings with clients and their portfolio managers. Before joining RBC GAM (US) in 2009, she worked in corporate finance for a major manufacturer of packaged foods, where she analyzed and interpreted competitors’ data and designed strategies for the company based on her research. Amy’s previous experience also includes investment analysis and client service at Harris Investment Management, Inc. and Mercer Investment Consulting. She earned a BS and an MBA from the University of Notre Dame.
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Amy A. Carlson
Client Service Associate Portfolio Manager
Investment Experience: 18 Years
Amy Carlson coordinates client service activities for many of our institutional clients, including our liability-driven investing (LDI) solutions clients. Amy’s responsibilities include collaborating with clients and portfolio managers to ensure that our clients receive appropriate service and reporting. She also organizes meetings with clients and their portfolio managers. Before joining our Client Service Team, Amy worked as an analyst in our fixed income division beginning in 2001, most recently as a member of the short term research team. Before joining RBC GAM (US) in 1999, she worked in U.S. Bank’s corporate trust division as a debt management analyst. Amy began working in the investment industry in 1994. She is pursuing a CFA charter.
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Joe J. Carroll
Vice President, Public Fund Services
Investment Experience: 5 Years
Joe Carroll is responsible for public fund solution development and client service. Before joining RBC GAM (US) in 2008, Joe was a United States Army Ranger and served in three deployments in support of Operation Iraqi Freedom. He earned a BS from the University of Dayton and an MBA from Xavier University. Joe is a member of the American Cancer Society and regularly volunteers with the Cystic Fibrosis Foundation.
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Rajesh Chainani
Managing Director, Cash Management Group
Investment Experience: 16 Years
Rajesh Chainani directs the Pennsylvania School District Liquid Asset Fund (PSDLAF) and New York Liquid Asset Fund (NYLAF) Cash Management Group (CMG). Rajesh is skilled in structuring and managing portfolios for school districts and municipalities focused on cash flow needs and addressing other requirements of public entities. Before joining RBC GAM (US) and RBC Capital Markets, he worked for Ambac Securities, Inc. as a fixed income security/managed account program portfolio manager. Rajesh’s previous experience also includes working as a vice president of investments at J.P. Turner & Company. He earned a degree in Accounting, with minors in Urban Studies and Macroeconomics, from Queens College, The City University of New York.
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Chris M. DeBow
Managing Director, RBC Public Fund Services
Investment Experience: 14 Years
Chris DeBow is responsible for public fund solution development and client service. Before joining RBC GAM (US) in 2007, Chris worked for a major regional bank, where he assisted various public and private entities throughout the Midwest with their investment management needs. He has worked in the financial services industry since 1998. Chris earned a BA in Economics from the University of Rio Grande and an MBA in Finance from Xavier University. He is a member of several national charitable organizations and serves on the Board of Trustees for the Leukemia & Lymphoma Society’s Southwest Chapter.
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Scott Erie
Vice President, Strategic Relationships
Investment Experience: 19 Years
Scott Erie is a member of our Strategic Relationships Group responsible for developing relationships with and representing our investment strategies to various financial intermediaries including consultants, sub-advisory programs, RIAs, and other platforms. Before joining RBC GAM (US) in 2003, Scott worked as a mutual fund product consultant at Piper Jaffray. He has worked in the financial services industry since 1993. Scott earned a BS in Business Administration from Southwest Minnesota State University. He holds FINRA Series 7 and 63 licenses.
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James Patrick Farrar, CFP
Managing Director, Head of Consultant Relations – U.S.
Investment Experience: 15 Years
J.P. Farrar heads our Consultant Relations Team and focuses on serving investment consulting firms and our mutual clients. J.P. is responsible for sharing pertinent information about our investment strategies with consultants and prospective clients. Before joining RBC GAM (US) in 2003, he worked with foundations, corporations, and high-net-worth individuals at RBC Centura, assisting in the management of their investment portfolios. J.P. also worked as a capital management consultant focusing on full service financial planning for foundations and high-net-worth individuals for First Union National Corp. He has worked in the financial services industry since 1997 and is a Certified Financial Planner. J.P. earned a BA from Miami University and an MBA from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.
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Kathleen A. Gorman
Managing Director, Chief Compliance Officer and Director of Regulatory Administration – RBC Funds Trust
Investment Experience: 21 Years
Kathleen Gorman is responsible for administering and implementing the compliance program for the RBC Funds and for our business activities related to mutual fund regulatory administration. Kathleen joined RBC GAM (US) in 2006 and also served as CCO for the investment adviser until January 2009, when her mutual fund responsibilities were expanded and she became dedicated to the Funds. Before joining the firm, she worked at American Express Financial Advisors/RiverSource Investments, where she served as director, asset management compliance. Kathleen’s previous compliance experience also includes her role as a senior compliance officer at U.S. Bancorp Asset Management. She began her career in the financial services industry in 1991. Kathleen earned a BA from Michigan State University.
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Pat Harris
Vice President, Institutional Sales
Investment Experience: 13 Years
Pat Harris is responsible for service and marketing of our institutional investment strategies, focusing on solutions for public entities, including Local Government Investment Pools (LGIP). Before joining RBC GAM (US) in 1999, Pat was employed by Ramsey County, Minnesota as an aide to two county commissioners. He has extensive experience working with public entities and non-profit organizations, and he is an active member of the Government Finance Officers Association, the Minnesota Clerks and Finance Officers Association, and a variety of other financial associations. Pat is also a City Council Member in the City of St. Paul, Minnesota, where he is active in numerous public organizations and committees. He has worked in the financial services industry since 1999. Pat earned a BA from Marquette University and an MBA from the University of Minnesota Carlson School of Management.
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Eric P. Hayne, CFA
Consultant Relationship Manager
Investment Experience: 16 Years
As a member of the Consultant Relations Team, Eric Hayne is responsible for serving investment consulting firms and our mutual clients. Eric joined RBC GAM (US) in 2010 from Northern Trust, where he was a portfolio manager for high net worth clients. Before that, he covered private equity, hedge funds, futures, and structured products as an alternative investment consultant at UBS Financial Services. Eric also spent more than ten years on manager research teams at Piper Jaffray and Dain Rauscher. In these roles, he conducted due diligence on hundreds of asset management firms offering traditional and alternative investment solutions. Eric earned a BA in Finance and a BA in Accounting from the University of St. Thomas. He is a CFA charterholder.
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Kathleen Hegna
Chief Financial Officer - RBC Funds
Associate Vice President, Director Mutual Fund Services
Investment Experience: 18 Years
Kathleen Hegna is responsible for overseeing the daily operations of the RBC Funds and serves as Chief Financial Officer for the RBC Funds. Before joining RBC GAM (US) in 2006 as Senior Compliance Officer, Kathleen served as manager, business planning, and financial analysis – mutual funds and then director, asset management compliance at Ameriprise Financial/RiverSource Investments (formerly American Express Financial Advisors). Her previous experience also includes serving as manager, mutual fund administrative services at Piper Capital Management and U.S. Bancorp Asset Management. Kathleen began working in the financial services industry in 1994. She earned a BBA in Accounting from the University of Wisconsin-Madison and an MBA from the University of Minnesota Carlson School of Management.
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Richard C. Johnson, CPA
Client Service Portfolio Manager
Investment Experience: 9 Years
Richard Johnson serves the clients invested in our Microcap Core, Small Cap Core, and Mid Cap Value strategies. In addition to his client service responsibilities, Rich conducts research for the strategies. He joined RBC GAM (US) and the team responsible for managing the strategies in 2011, but began providing research to the team on a contract basis in 2007. Rich has more than 30 years of general and financial management experience. After beginning his career with a “Big Eight” public accounting firm, he held several corporate finance positions at then Fortune 100 company Rockwell International. Rich then went on to serve as CFO and secretary of a private scientific firm in Pittsburgh. Later, as vice president of corporate development for Matthews International, an employee-owned manufacturing firm, he led an acquisition program, and eventually the firm conducted a successful IPO. In addition to Rich’s research for RBC GAM (US), he most recently consulted with and advised the president and CEO of a $100 million international scientific private business. He earned a BA from Franklin & Marshall College and an MBA from the University of Notre Dame.
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Daniel W. Klus
Vice President, Client Service Representative - PFS Sales
Investment Experience: 19 Years
Dan Klus is responsible for public fund solution development and client service. Before joining RBC GAM (US) in 2008, Dan worked for an independent registered investment advisor and a major regional bank, focusing on the investment needs of both public and private entities. He began working in the financial services industry in 1992 and has concentrated on institutional client service and business development since 2000. Dan earned a BSBA in Management from Xavier University. He is a member of a school board and several local charitable organizations.
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Carol Kuha, CFA
Managing Director, Chief Operating Officer – U.S.
Investment Experience: 25 Years
Carol Kuha oversees the day-to-day operations of the firm including Administration, Enterprise Data Services, Marketing, and Operations. Carol works with various business lines to develop and implement corporate strategy. Before returning to RBC GAM (US) in 2001, she was the chief operating officer for NorthShore Advisors, LLC, a Minneapolis-based fixed income investment management firm. As our manager of client administration from 1990-1998, Carol was responsible for client reporting, investment software support, and operations. She is a CFA charterholder and member of the CFA Society of Minnesota.
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Brandon Lew, CPA
Head of Product Management – U.S.
Investment Experience: 11 Years
Brandon Lew chairs the firm’s Product Strategy Committee and is responsible for coordinating the introduction of new investment strategies offered in the U.S., providing research on the firm's competitors, overseeing the firm’s finances, and contributing to business strategy. Brandon joined RBC GAM (US) in 2005 from EBF & Associates, a hedge fund, where he was a fund accountant, and previously worked as an auditor for KPMG LLP. He began his career in the financial services industry in 2001. Brandon earned a BBA in Accounting and an MAcc from the University of Wisconsin-Madison, and an MBA from the University of Minnesota. He is a Certified Public Accountant.
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Louis Mark Monroe
Managing Director, Taft-Hartley Sales
Investment Experience: 15 Years
Mark Monroe is responsible for marketing our investment services to Taft-Hartley plan sponsors throughout the U.S. Before joining RBC GAM (US) in 2001, Mark was first vice president of investment management sales to Taft-Hartley plans at Mitchell Hutchins Institutional Investors. His previous experience also includes diverse responsibilities with the International Union of Painters and Allied Trades, AFL-CIO, which culminated in a position as the executive assistant to the general president. Mark has worked in the financial services industry since 1997. He earned a BS in Accounting from Benjamin Franklin University.
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Lee C. Morgan
Vice President, Client Service Representative – PFS Sales
Investment Experience: 18 Years
Lee Morgan is responsible for overseeing all aspects of the client service experience for PFS clients in Ohio. Lee joined RBC GAM (US) in 2007 from Fifth Third Bank, where he spent 14 years assisting governmental, tax-exempt, and other institutional clients with their investment management, banking, and borrowing needs. He has worked in the financial services industry since 1993. Lee earned a BA in Political Science from Bates College and an MBA from the University of Cincinnati.
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Lou Nanne
Senior Managing Director
Investment Experience: 21 Years
Lou Nanne is responsible for distributing our investment strategies to Taft-Hartley plan sponsors and other institutional clients. Lou joined RBC GAM (US) in 1995 and has worked in the financial services industry since 1991. He is a member of the International Committee for USA Hockey, and previously served as vice president of the National Hockey League Players’ Association; a member of the National Hockey League Board of Governors; and a player, coach, general manager, and president of the Minnesota North Stars professional hockey team (now the Dallas Stars). Lou earned a BSB from the University of Minnesota.
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Michael S. Nguyen
Client Service Portfolio Manager
Investment Experience: 7 Years
Michael Nguyen has extensive experience working with clients to develop investment policies and solutions. Before joining RBC GAM (US) in 2011, Michael served as a relationship manager at Wells Capital Management, where he managed fixed income portfolios consisting of operating cash, pension funds, debt proceeds, and captive insurance assets for institutional clients. In that capacity, he was responsible for working with clients to develop investment guidelines, monitor compliance with investment guidelines, and implement investment strategies. Michael’s previous experience also includes serving as a vice president of treasury management at Wells Fargo Bank and director of treasury for the City of Minneapolis. In addition to other senior management positions in the public sector, he also held positions as a senior consultant with Computer Sciences Corporation and as an associate economist with MWH Global, Inc. Michael began his career in the investment industry in 2005. He earned a BA in Political Science from the University of California-Irvine and an MA in Public Policy from the Humphrey Institute at the University of Minnesota.
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Quynh Pham
Senior Director, Marketing
Investment Experience: 20 Years
Quynh Pham is responsible for strategic marketing and communications to build the RBC GAM brand in the U.S. and support the growth of RBC GAM (US). Before joining the firm in 2011, Quynh was director, marketing and communications at CIBC Asset Management, where she oversaw all communications, websites, and advertising for the individual advisor and bank channels. She began working in the investment industry in 1991, and brings considerable expertise in branding, communications, and marketing collateral. Quynh’s background also includes roles in client service and financial planning. She earned a BCom in International Business/Marketing from McGill University, Montreal, Canada.
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Erik R. Preus, CFA
Head of Strategic Relationships, President - RBC Funds
Investment Experience: 18 Years
Erik Preus leads our Strategic Relationships Group, which is responsible for serving our affiliates and other strategically important clients. Erik also oversees our mutual fund family, the RBC Funds. He returned to the firm in 2005 after serving as the investment consulting services director for RBC Dain Rauscher. Before that, Erik was director of advisory services at RBC GAM (US). His previous experience also includes senior positions at PIMCO Allianz Investments and its predecessor, Nicholas-Applegate Managed Accounts. In addition, Erik spent five years in the institutional investment consulting business, working for SEI Capital Resources and Jeffrey Slocum & Associates. He began his career in the financial services industry in 1993. Erik earned a BS from the United States Air Force Academy, an MA from the University of Hawaii, and an MBA from the University of Dayton. He is a CFA charterholder and member of the CFA Institute.
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Janet J. Quarberg
Managing Director, Strategic Relationships
Investment Experience: 26 Years
Janet Quarberg is responsible for distributing the RBC Funds and our separate account investment strategies to financial institutions, money market portals, consulting firms, and retirement plan service providers. Before joining RBC GAM (US) in 2007, Janet was the managing director for retirement plan investments at First American Funds, where she also was responsible for oversight of their stable value fund. Prior to joining First American in 2002, she was a partner and managing director at Hueler Companies, a technology-driven research and consulting firm. Janet earned a BA from the College of St. Catherine and an MBA in Finance from the University of St. Thomas. She has written numerous articles, served as an editor for the Stable Value Investment Association’s newsletter, and co-authored “The Evolution of Stable Value Pooled Funds,” a chapter in Frank J. Fabozzi’s book The Handbook of Stable Value Investments. Janet holds the FINRA Series 6 and 63 licenses.
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Michael M. Spencer, CFA
Vice President, Senior Portfolio Manager
Investment Experience: 31 Years
Mike Spencer is responsible for Large Cap Value, Concentrated Large Cap Value, and Diversified Large Cap Core Equity research, portfolio management, and client service. Mike is also the client service portfolio manager for our International Equity clients. Before joining RBC GAM (US) in 2007, he was the chief investment officer and chief compliance officer of Freedom Capital Management, where he oversaw investment processes and served on the equity style committee. Mike’s previous experience also includes fixed income portfolio management at Shawmut National Corporation. He began his career in the investment industry in 1981. Mike earned an AB from the University of Notre Dame. He is a CFA charterholder and member of the CFA Institute. Mike is also a member of the Boston Economic Club and the Boston Security Analysts Society.
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Jim Stitt
Director, Portfolio Risk and Analytics
Investment Experience: 14 Years
Jim Stitt is responsible for leading the firm’s risk monitoring practices and management reporting. In his role, Jim evaluates, develops, and implements investment and trading tools and analytics for the firm. He also supports our quantitative models through ongoing assessments of their limitations and risks, and checks of their code and integrity. Jim joined RBC GAM (US) in 2003 from Capital Planning Corporation, where he was the director of portfolio administration. He began his career in the investment industry in 1998. Jim earned a BS from the University of California-San Diego.
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Bridget A. Tompkins
Managing Director, Client Service Manager
Investment Experience: 20 Years
Bridget Tompkins is responsible for overseeing all aspects of the client experience for our Taft-Hartley, corporate pension, and public pension clients. Bridget has been with the firm since 1994. Before joining RBC GAM (US), she worked for formerly affiliated brokerage firm Dougherty, Dawkins, Strand & Bigelow. Bridget’s previous experience includes sales and marketing of various commodities. She has worked in the financial services industry since 1992. Bridget earned a BA from the College of St. Benedict.
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John A. Utter
Vice President, Head of Institutional Client Service – U.S.
Investment Experience: 23 Years
John Utter leads the firm's client service team and is responsible for developing and implementing an industry leading client service practice. 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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Nicholas J. Walstrom
Investment Product Analyst, New Product Manager
Investment Experience: 12 Years
Nick Walstrom is responsible for providing competitive positioning and analysis of our investment strategies to business development teams at RBC GAM (US). Nick also analyzes various features of and creates marketing approaches for potential and new investment strategies. He joined RBC GAM (US) in 2007, and provided a range of marketing support to the firm and the RBC Funds before transitioning to his current role. Nick’s previous experience also includes serving as a research and development manager at Advanced Wealth Management Group and as a financial advisor at UBS PaineWebber. He has worked in the financial services industry since 1999. Nick earned a BA in Economics from the University of Minnesota and holds FINRA Series 7 and 66 licenses. He is a level III candidate for the CFA designation.
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