Austin, Texas (PRWEB) December 02, 2014
The PFM Group of companies, the nation’s leading provider of independent financial and investment advisory services to state and local governments and non-profit institutions, announced today that three Texas-based professionals with over 35 years of collective experience in municipal finance have joined Public Financial Management, Inc. as Senior Managing Consultants. Matthew Johansen and Bruce Rideaux will open a new office for the PFM Group (PFM) in Dallas, and Julie Garcia Seebach will join the firms established office in Austin, enhancing PFMs efforts to serve regional clients throughout Texas and the Southwest region. PFM provides financial advisory and portfolio management services nationwide as well as management and budget consulting and long-range planning for government and not-for-profit organizations, public utilities, corporations, pension and endowment funds, healthcare and senior living facilities, and other institutions.
Matt Johansen joins PFM after 16 years at Citigroup where he worked in the Atlanta and Dallas offices. He served a wide range of the larger issuers in the Southwest Region of the United States. A graduate of the University of Minnesota, he began his career at Grant Thornton.
Bruce Rideaux spent eight years with First Southwest Company in Dallas where he worked with many large urban clients, as well as issuers in the Dallas area. Previously, he was with UBS for three years as a financial advisor. A lifelong Texan, Bruce holds his BA in Mathematics from The University of Texas at Austin and his MBA in Finance from Southern Methodist University in Dallas.
Julie Garcia Seebach spent almost six years as a Director with Fitch Ratings in Austin, where she was responsible for rating over $ 6B of new money issuances and affirming over $ 33B of outstanding debt issued by municipal sewer and water providers as well as SRF issuers across 17 states. Prior to her time at Fitch, she was a portfolio manager with the Texas Water Development Board and most recently, was Executive Director of U.S. Public Finance for HR Ratings de Mexico where she oversaw the rating, analysis and evaluation of all U.S. public finance credits. She majored in Economics at University of Chicago and also studied for a year at the London School of Economics.
“We are extremely pleased to have a group of financial professionals with this broad level of experience and technical abilities join us, commented Dennis Waley, a PFM Managing Director who is headquartered in Austin. Expanding the firms footprint in the Southwest and building on our existing business in Texas and the regional marketplace is a natural development for PFM and we look forward to bringing our broad range of services to clients throughout the state and the region.
David Moore, PFM Managing Director and leader of the firms Southern practice, noted the importance of opening an additional Texas office with professionals who know the market so well. This helps PFM provide even better service to our regional clients, he observed, and enhances our ability to bring all of PFMs resources to bear in this geographic area. It truly demonstrates PFMs commitment to this market, and our ability to grow here.
For almost four decades, PFM has built a solid presence in the municipal marketplace. The PFM Group of companies includes Public Financial Management, Inc., the top-ranked municipal advisory firm in the nation for the past sixteen years according to Thomson Reuters, providing independent financial advisory services to a broad base of local, state, and regional government and non-profit clients throughout the United States. Public Financial Management, Inc. is a registered municipal advisor with the SEC and the MSRB under the Dodd-Frank Act of 2010.
The PFM Group of companies, through its affiliate PFM Asset Management LLC (PFMAM), also provides cash management, investment management, and consulting services to local governments, tax-exempt institutions, and other institutional clients. For long-term assets, PFMAM manages multi-asset class fund-of-funds portfolios primarily for pension funds, OPEB trusts, and endowments/foundations. PFMAM is active in the Texas marketplace as the Investment Advisor and Administrator to the TexasTERM Local Government Investment Pool* as well as advising several other public entities on the management of their operating and reserve portfolios in addition to their irrevocable OPEB Trusts. For the period ending September 30, 2014, PFMAM had $ 93.5 billion in total assets, including $ 50.6 billion in discretionary assets under management and $ 42.9 billion in non-discretionary assets under advisement for multiple clients across the country. PFMAM is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940 and offers a strong history of thoughtful innovation coupled with an abiding dedication to protecting client capital.
The PFM Group currently employs more than 500 professionals serving a broad base of clients from offices located in every region of the country.
*This information is for institutional investors, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Pool’s investment objectives, risks, charges and expenses before investing. This and other information about the Pool is available in the Pool’s Information Statement, which should be read carefully before investing. A copy of the Pool’s Information Statement may be obtained by calling 1-866-839-8376 or are available on the Pool’s website at http://www.texasterm.net. While TexasDAILY seeks to maintain a stable net asset value of $ 1.00 per share and TexasTERM seeks to achieve a net asset value of $ 1.00 per share at its stated maturity, it is possible to lose money investing in the Pool. An investment in the Pool is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Pool are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.