Rockefeller Asset Management, the asset management arm of Rockefeller Capital Management, announced it has added three high-yield and investment-grade municipal bond professionals, including Scott Cottier, Managing Director and Portfolio Manager; Mark DeMitry, Senior Vice President and Portfolio Manager; and Michael Camarella, Senior Vice President and Portfolio Manager.
This move expands the firm’s capabilities by providing differentiated investment solutions within its Fixed Income business, which currently manages approximately $5 billion on behalf of investors.
Cottier, Demitry, and Camarella invested together consistently for 20+ years and were listed as portfolio managers on strategies accounting for over $25 billion in assets. They will report to Alex Petrone, Director of Fixed Income, and support the expansion of Rockefeller Asset Management’s active fixed-income investment solutions, including launching new high-yield municipal credit investment strategies and vehicles. The addition of Cottier, DeMitry, and Camarella also introduces Rockefeller to the Rochester market, where they will be based.
Cottier brings over 29 years of experience in financial services to Rockefeller. And previously, he was a Senior Portfolio Manager and Head of Opportunistic Municipal Funds for the Invesco Municipal Bond team and a senior portfolio manager at OppenheimerFunds and Victory Capital Management. He holds a degree in mathematics from John Carroll University and an MBA from Case Western Reserve University. And he is a Chartered Financial Analyst (CFA) charterholder and member of the CFA Society of Rochester.
DeMitry brings 26 years of financial experience. And he previously worked at Invesco, OppenheimerFunds, and M&T Securities. He holds a bachelor’s degree in management from Niagara University and an MBA in finance from the Rochester Institute of Technology. DeMitry is a CFA charterholder and member of the CFA Society of Rochester.
Camarella has 25 years of experience in the field. And he previously worked at Invesco, OppenheimerFunds, Wells Fargo, and Morgan Stanley and he holds a bachelor’s degree in management from SUNY Geneseo and an MBA in finance and corporate accounting from the University of Rochester. Camarella is a CFA charterholder and member of the CFA Society of Rochester.
The hiring of Cottier, DeMitry, and Camarella is the latest in a series in the last couple of years, including Petrone, Jason Kotik, Lead Portfolio Manager for U.S. Small and SMid Cap strategies, and Timothy Skiendzielewski, Portfolio Manager for U.S. Small and SMid Cap strategies.
KEY QUOTES:
“In our view, there are compelling opportunities in both high yield and investment grade municipal bonds today, and we remain committed to expanding our offering to enhance our ability to deliver alpha through actively managed strategies. We are excited to broaden our existing team’s capabilities with the addition of these three deeply experienced investment professionals with over two decades of experience seeking alpha.”
– Alex Petrone
“We are thrilled to welcome Scott, Mark, and Michael – three veteran portfolio managers with over 20 years of experience investing together in high yield and investment grade municipal markets. As our business continues to grow, we remain focused on hiring world-class talent within inefficient asset classes or themes where we believe the probability of outperformance by following a consistent investment process is high.”
– Casey Clark, President and Chief Investment Officer at Rockefeller Asset Management
