Opening Session: Climate Risk & Energy Transition
Expert Panel: Climate - Risk & Opportunities across Asset Classes
Michael Corelli, CFA
Vice President –Senior Credit Officer, Corporate Finance Group, Moody's
Michael Corelli is a Vice President –Senior Credit Officer in the basic industries sector of Moody’s Corporate Finance Group and his portfolio includes steel distributors, specialty steel producers and engineering & construction companies. He is also a member of Moody’s ESG Working Group. Prior to joining Moody’s, Michael was a partner and a fixed income and equity research analyst for 16 years at an independent research firm. He was also a registered representative with Prospera Financial Services and held Series 7, 63, 86 and 87 licenses. Michael is a CFA charterholder and a member of the New York Society of Security Analysts. He holds a BA from Johns Hopkins University and an MBA in finance from Fordham University.
Jodi Neuman, CFA
Investment Manager, Trillium Asset Management
Jodi Neuman is an Investment Manager in Trillium’s California office. Prior to joining Trillium in 2014, she worked as an Analyst for Dougherty Funding, which offers a broad range of commercial finance solutions to developers and corporations nationwide. Jodi is s a Chartered Financial Analyst (CFA) charterholder and earned an M.B.A. from the HEC School of Management in Paris specializing in Finance. While attending HEC, she worked with a rural microfinance firm based in Puno, Peru and consulted with a solar start-up in Tanzania. Jodi also holds a B.B.A. in Business Economics from the University of Wisconsin – Eau Claire. She is a member of Women Investing in a Sustainable Economy (WISE) and sits on the Board of the Pesticide Action Network North America.
Trillium Asset Management is the oldest independent investment advisor devoted exclusively to sustainable and responsible investing, managing equity and fixed income portfolios for individuals, foundations, endowments, and religious institutions since 1982. A leader in shareholder advocacy and public policy work, Trillium integrates Environmental, Social, and Governance (ESG) factors into the investment process as a way to identify the companies best positioned to deliver strong long-term performance.
Emily E. Robare
Head of ESG Research & Senior VP of Municipal Credit Research Team, Gurtin Municipal Bond Management
Emily E. Robare is head of environmental, social, and governance (ESG) Research and a senior vice president on the municipal credit research team at Gurtin Municipal Bond Management, a PIMCO company. Ms. Robare leads the firm's sustainability research efforts, including integration of ESG factors into credit analysis for all municipal bond holdings, conducting in-depth research on ESG topics including climate change, and coordinating development of the firm’s climate risk metrics. Prior to joining Gurtin in 2012, Ms. Robare worked as a local government ratings analyst at Moody’s Investors Service, as well as holding several positions within state and local government in the workforce and economic development fields. She holds a master’s degree in public policy and management from Carnegie Mellon University and a bachelor’s degree in biology from Grinnell College.
Expert Panel: Buyer's Panel
Jason Miller, CFA
Municipal Credit Analyst, Sit Investment Associates
Jason Miller is a Municipal Credit Analyst for Sit Investment Associates. He is responsible for performing credit research, and assigning internal ratings, on a portfolio of municipal bonds that span most industries, including healthcare, charter schools, higher education, land secured, and tax-backed. The bonds under his responsibility also extend across the credit quality spectrum, although most of his work is done in the high-yield space, and Jason has been involved in multiple workouts. His research directly impacts buy and sell decisions within the portfolios, including the prices these actions are executed at.
Jason is a CFA Charterholder and holds a bachelor’s degree in finance and economics from Minnesota State University. He is currently working on his MBA from the University of St. Thomas Opus College of Business.
Johan Åkesson, CFA
Associate Portfolio Manager, Investments, Thrivent Asset Management
Johan Åkesson, CFA serves as an associate portfolio manager and co-portfolio manager for Thrivent Financial. Mr. Åkesson has been with Thrivent since 1993. He has an MBA from the University of Minnesota, Carlson School of Management and is a member of the Minnesota Society of Municipal Analysts (MSMA), the National Federation of Municipal Analysts (NFMA) and the Municipal Bond Buyers Conference Group (MBBC).
Managing Director, Municipal Underwriting and Trading, Piper Jaffray & Co.
Stephen Cavalier is a Managing Director of Municipal Underwriting and Trading. He is currently Head of Negotiated Underwriting specializing in national general market new issues. Mr. Cavalier has over thirty years of experience in the municipal markets, and has served as a municipal institutional trader and underwriter throughout his career. He represents underwriting on the firms commitment committee, and is responsible for all market risk associated with New Issue Municipals. Previously, he was a senior member of the Municipal institutional trading groups at Kemper Securities, Greenwich Partners and Seattle Northwest Securities before coming to Piper Jaffray in 2003. He graduated from Santa Clara University in 1987 with a BSC in Finance.
Thor Raarup, CFA
Senior Vice President, Fixed Income Investments
Thor Raarup serves as Senior Vice President for the Travelers Fixed Income Investments Department in St. Paul and is responsible for managing approximately $31 billion in municipal bonds for Travelers Insurance.
Mr. Raarup’s career in municipal bonds has spanned 25 years, including positions in mutual fund portfolio management and bank portfolio management at Voyageur Asset Management, and municipal strategy for a 1700 broker retail system at RBC Wealth Management. He joined The St. Paul Cos. in 2004 just prior to the merger with Travelers as an Investment Analyst.
Mr. Raarup holds degrees in Financial Economics and History from Gustavus Adolphus College. He has received his Chartered Financial Analyst designation from the CFA institute of which he is a member. He is also a member of the Minnesota Society of Municipal Analysts and National Federation of Municipal Analysts.
Expert Panel: Pensions
Executive Director, MN PERA
Doug Anderson is the Executive Director for the Minnesota Public Employees Retirement Association (PERA). He has served in that role for the past three years. Prior to his role at PERA, Doug led the actuarial retirement practice at A.J. Gallagher after starting his career at Deloitte. Doug is an Associate in the Society of Actuaries (ASA) and a Member of the American Academy of Actuaries (MAAA).
Associate Director, US Public Finance
S&P Global Ratings
Scott is an Associate Director in the Local Governments group, specializing in general obligation, special tax, and special purpose district bond ratings in Minnesota, Illinois, Indiana, and North and South Dakota.
Before joining S&P, Scott worked at a consulting firm in central Indiana doing economic development and comprehensive planning for local governments throughout the state.
Scott received a Bachelor of Arts degree from DePauw University with a major in philosophy and minor in English literature, a Master of Arts degree in philosophy from Georgia State University, and a Master of Public Affairs degree with a concentration in public policy analysis from Indiana University (Bloomington)'s School of Public & Environmental Affairs (SPEA).
Expert Panel: Municipal Housing Bonds
Kurt van Kuller, CFA
Vice President & Portfolio Manager, Sit Fixed Income
Kurt van Kuller is a vice president and portfolio manager with Sit Fixed Income. Kurt joined Sit Investment Associates in May 2018. He is responsible for municipal fixed income portfolios.
Kurt’s immediate prior work experience included eight years at MUFG Union Bank in Los Angeles as managing director of credit and public finance. Prior to MUFG Union Bank, he has held a number of senior investment positions over his 30+ years of experience at Northeast Securities, 1861 Capital Management, Merrill Lynch, Lebenthal & Co., Inc., and Moseley Securities Corp.
Kurt has earned industry recognition for his work in the municipal bond field and has spoken and published extensively on housing bonds. He received a B.A. in economics from SUNY Albany in 1977 and an M.B.A. in 1980.
Director of Secondary Marketing, Minnesota Housing Finance Agency
Matt has been with Minnesota Housing, since 2008. He oversees pricing and hedging of the single-family mortgage loan pipeline. He also manages the pooling of loans into mortgage-backed securities, which are either sold to investors or held and financed with municipal housing bonds. Matt earned a Master’s Degree in Business Administration from the University of Minnesota-Twin Cities and a Bachelor of Arts Degree in Business Administration from the University of Minnesota-Duluth.
Managing Director - Midwest/Large Client/Housing, Manager - Minneapolis Public Finance Office, RBC Capital Markets
Mr. Hoeppner is a Managing Director in RBC CM's Midwest/Large Client/Housing Groups and is Manager of the Minneapolis public finance office. Mr. Hoeppner has 19 years of banking experience, which includes work at a national financial advisory firm that specialized in providing quantitative cash flow analyses, pricing, and program development services for issuers of municipal housing bonds. Mr. Hoeppner has served as banker on senior managed issues for various State Agencies in Colorado, Florida, Illinois, Iowa, Minnesota, New York State, North Dakota, Ohio, Tennessee, Texas, Vermont, and Wisconsin.
Mr. Hoeppner received a Bachelor of Science in Finance from the University of St. Thomas in St. Paul, Minnesota. Prior to joining RBCCM in February of 2008, Mr. Hoeppner spent 4 years in Citigroup’s public finance group and spent 5 years prior to that at a regional underwriting firm. In addition, he has his Series 7 and Series 63 Securities registrations.