Advisory Board
Carl T.Delfeld is President of Chartwell Partners and its financial publishing arm Chartwell ETF. Also a columnist with Forbes, Carl provides research and investment expertise for Asia and emerging markets. He is the author of "Red, White & Bold: The New American Century," and four additional books on global investing. Prior to joining Main Management's Advisory Board, Carl was the U.S. Representative of the Executive Board of Directors at Asian Development Bank, an emerging markets consultant for the U.S. Treasury and international economist with the U.S. Congressional Joint Economic Committee, Vice President of Asian markets with investment bank Robert W. Baird & Company, and head of Japan & South Korea desk at The First National Bank of Boston. Carl was a member of the U.S. National Committee on Pacific Cooperation, founded the economic strategy think tank, America Unbound, and the U.S. Council on Emerging Markets. He is a graduate of the Fletcher School of Law & Diplomacy and studied at Sophia University & Keio University in Tokyo, Japan.
R. Stephen Doyle is a founding partner of Main Management, LLC and currently serves as a Managing Director. He began his career in 1974 at E.F. Hutton where he later became a vice president. Mr. Doyle joined Montgomery Securities in 1983. He was founder and Chairman of Montgomery Asset Management; a global investment management firm established in 1990 as an independent affiliate of Montgomery Securities. Under Mr. Doyle's leadership, Montgomery grew to over $13 billion. He also served as Chairman of the Board of Trustees of the Montgomery Funds, a $5 billion mutual fund complex. In 1997, Mr. Doyle successfully negotiated the sale of a majority stake in Montgomery to Commerzbank, Germany's 3rd largest bank. He served as Chairman of the Board of Montgomery Asset Management from January 2000 to May 2001 and Chairman Emeritus from May 2001 to December 2001. Mr. Doyle is currently on the boards of StorCard Inc., Capton Inc. and The Basic Fund, a charitable organization based in San Francisco.
Michael E. Fisher retired as a Managing Director in 2007 from Barclay's Global Investors. Previously, during a career spanning more than 40 years in financial services, he was affiliated with Northern Trust Company, Pacific Mutual Life and its subsidiary PIMCO, Chase Investors Management, Bankers Trust Company, Equitable LIfe and Strong Capital Management. Over the years he served as a director/trustee for a number of charitable organizations and currently is Chairman of the Board for his alma mater, Bryant University. He completed certificate programs in financial management at Stanford University and The Wharton School at the University of Pennsylvania.
Tom McManus joined Lazard as Chief Market Strategist in April of 2010. Previously the former Chief Investment Officer of Wells Fargo Advisors. Previously he spent 10 successful years as Managing Director and Chief Investment Strategist at Banc of America Securities LLC. Before joining Bank of America, Mr. McManus was a senior member of the global strategy and economics department at Morgan Stanley, where he developed several stock indices, including the Nifty 50 (NFT), MS Cyclical (CYC) and Consumer (CMR) indices, for use in conjunction with his equity strategy recommendations. Mr. McManus also served as the chief U.S. investment strategist at NatWest Markets Prior to his tenure at Morgan Stanley, Mr. McManus worked at Goldman Sachs in institutional equity sales. He was named "Guru of the Year" in 2001 by TheStreet.com based on the prescience of his strategy recommendations in 2000, and was selected three times as a member of the Institutional Investor All-Star equity research team. Mr. McManus earned his B.S. in Operations Research from Columbia School of Engineering and Applied Science, and is currently a member of the advisory board for the School's Masters degree program in Financial Engineering.
Peter Mullin recently served as Chairman Emeritus of MullinTBG, the nation’s largest independent executive benefits services and solutions provider prior to its sale to Prudential in October of 2008. Before forming MullinTBG in 2006, Mr. Mullin served as Chairman of Mullin Consulting, Inc., a leading non-qualified benefits firm he founded in Los Angeles in 1969. He is also co-founder and Chairman of the Board of M Financial Holdings Incorporated (M Financial), a network of independent firms serving the financial and life insurance needs of corporations, executives and affluent individuals. Mr. Mullin serves on numerous boards, including the Avery Dennison Corporation Board of Directors, the Gene Autry Heritage Museum National Advisory Board, the Guggenheim Foundation Advisory Board, the Hospital of the Good Samaritan and The UCLA Foundation Boards of Trustees. He is Chairman of The Music Center Foundation of Los Angeles, as well as past Chairman of the Board of Visitors of the John E. Anderson Graduate School of Management at UCLA. Mr. Mullin is also involved in the Archdiocese of Los Angeles, serving on the Board of Trustees and the Executive Committee of the Education Foundation.
Don Straszheim (Emeritus) is the Head of China Research at ISI Group Inc. and President of Straszheim Global Advisors, an economic and financial markets advisory firm with offices in Los Angeles and Beijing. He is also a contributing columnist for Forbes.com, Visiting Scholar at UCLA’s Anderson Graduate School of Management and former Global Chief Economist at Merrill Lynch and Co. in New York City. Since the mid-1990s, Mr. Straszheim has focused on understanding China and how it is affecting US markets and the global economy. Mr. Straszheim was Vice Chairman of Roth Capital Partners LLC from March 2006 to March 2009 where he spearheaded the firm’s growing efforts in China. As Merrill’s top economist from 1985 to 1997, he traveled worldwide representing the firm, leading its global economic research effort, and meeting with institutional and retail investors as well as with investment banking clients. He was voted ten consecutive years to Institutional Investor’s ‘All-Star Team.’ From 1997 to 2002, he was President of the Milken Institute, a not-for-profit economic think tank in Santa Monica, CA, continuing as Vice Chairman through 2004. From 2002 to 2006, Mr. Straszheim was principal of Straszheim Global Advisors. Currently Mr. Straszheim is serving as President of the Chartered Financial Analysts Society of Los Angeles, serves on various boards, and is a regular speaker and media commentator on China and the global economy and markets. He earned B.S., M.S. and Ph.D. degrees from Purdue University.
John P. Waterman, CFA joined Rittenhouse Asset Management, a subsidiary of Nuveen Investments, in October 1993 as a portfolio manager and became Chief Investment Officer in December 1997. He played a key leadership role in the growth of the firm to assets in excess of $18 billion at the peak. John recently retired from Rittenhouse Asset Management as part of a transition plan initiated in April 2005. From 1987 to 1993, Mr. Waterman worked for several middle market investment banking firms (initially at CoreStates, and then Strategic Corporate Finance Advisors, Inc. (founded by John P. Waterman and sold to HL&CO.), and Howard, Lawson & Co. in the Philadelphia area with a focus on mergers and acquisitions, private placements, and business valuation. From 1976 to 1987, he worked in international banking for CoreStates Financial Corp. (formerly The Philadelphia National Bank) and the Irving Trust Company. John earned his B.A. in History from Williams College, his M.A. in International Relations with a concentration in international economics at the Fletcher School of Law and Diplomacy at Tufts University and his M.B.A. at the Wharton business school. John Waterman is a Trustee and member of the Executive Committee and Investment Committee of the Church Foundation, he is head of the Investment Committee for the United Way of Southeastern PA, and acts as Treasurer, Head of the Finance Committee, and a member of the Executive Committee for the Montgomery School in the Philadelphia suburbs.