Credit Research Team
Credit research is the cornerstone of our investment process. Our credit process is based on rigorous fundamental credit analysis that seeks to thoroughly understand historic and prospective credit risks for the issuers in our universe and the sectors within which they operate. As a group the senior credit research analysts average more than 27 years experience in the industry. The credit research team is a shared service, made up of analysts from U.S. Bancorp Asset Management, as well as our subsidiary, PFM Asset Management. Learn more about each team member's role below:
Robert Hajduch
Managing Director, Taxable Credit Research
36 years experience
In his role as managing director, Rob leads the firm's taxable credit research efforts. In addition to managing the taxable credit research team Rob is responsible for credit research within the global financial sector.
Tim Russell
Managing Director, Municipal Credit Research
28 years experience
In his role as managing director, Tim leads the firm's municipal credit research efforts.
Winnie Cheng, CFA
Principal Credit Analyst
38 years experience
Winnie is responsible for credit research within the technology, personal care, health care and commercial services sectors.
Eric Espeseth
Principal Credit Analyst
20 years experience
Eric is responsible for credit research within the automotive, oil and gas, utility, media/telecom and Canadian bank sectors. He also serves on the Taxable Credit Committee.
Cynthia Ma, CFA
Principal Credit Analyst
17 years experience
Cynthia is responsible for credit research within auto, equipment manufacturers, utility and asset-backed securities. She also serves on the Taxable Credit Committee.
Kim Troedsson
Senior Credit Analyst
34 years experience
Kim is responsible for credit research within banks in Europe, Japan and Canada. She also covers food and beverage and manufacturing companies.
Marin Komlan
Senior Credit Analyst
22 years experience
Marin is responsible for credit research within the municipal sector.
Kevin Xie, CFA
Credit Analyst
5 years experience
Kevin is responsible for credit research within the financial services, P&C insurance, REITs and Canadian banking sector for U.S. Bancorp Asset Managment and its subsidiary, PFM Asset Management.
Joe Morrison
Credit Analyst
3 years experience
Joe is responsible for credit research within the municipal sector.