Public Trust Appoints Waud CIO
A recent press release, entitled, "Public Trust Advisors Appoints New Chief Investment Officer" says, "Public Trust Advisors, LLC (Public Trust) announces the appointment of Othneil (Neil) Waud, CFA to the position of Chief Investment Officer. Since 2011, Neil has served on the Public Trust Portfolio Management team, professionally positioning the firm across various asset classes throughout the country. With nearly two decades of asset management experience, Neil brings a rich background in market analysis, risk management, and portfolio construction to the organization. He will continue to serve as Managing Director and will now lead the trading desk as well as firmwide investment strategy." CEO Tom Jordan comments, "Neil's extensive experience will allow us to continue delivering strategic advice and investment solutions to our clients.... Our strong investment team continues to be well positioned to guide our clients and serve our program participants with all of their investment related needs." The release adds, "As Chief Investment Officer, Neil replaces Randy Palomba, CFA who will assume additional responsibilities throughout the growing firm. Randy has served in the role of Chief Investment Officer since the inception of Public Trust and will continue to hold integral responsibilities within the organization and management team.... Public Trust Advisors investment services for the public sector include the management of local government investment pools (LGIP) and separately managed, individual investment accounts (SMA)." (See Crane Data's recent profile of Waud and Palomba in MFI.)
