Samuel A. Ramirez Jr.
President & CEO, Portfolio Manager
Mr. Samuel A. Ramirez Jr. joined Ramirez & Co. as a managing director and fixed income specialist in July 1992. In his more than 24 years at the firm, Mr. Ramirez has lead the development and growth of core divisions of the firm, such as institutional and retail sales and trading, public finance, and corporate banking. He has held senior positions in institutional fixed income sales and portfolio management of fixed income and equities portfolios. In 2002, Mr. Ramirez established Ramirez Asset Management (RAM), an affiliated SEC registered RIA which is focused on institutional fixed income asset management for institutional accounts. His investment management experience has focused on a wide range of asset classes including municipal bonds, corporate bonds, government bonds, TIPs and equities. He presently serves as a Senior Director in Ramirez & Co. and President and CEO of RAM.
He earned a bachelorâ€™s degree from the University of Vermont and holds his Series 7, 24, 63 and 65 licenses from the Financial Industry Regulatory Authority (FINRA).
Mr. Ramirez is actively involved in business and civic organizations such as the Municipal Bond Club and Municipal Forum both of New York, the Museum of the City of New York and the Catholic Big Brother and Sisterâ€™s. Mr. Ramirez resides in New York City, with his wife Fabiana and three children, Carolina, Juliana and Trey.
Louis A. Sarno
Managing Director, Portfolio Manager
Mr. Louis A. Sarno is a Managing Director and Portfolio Manager of Ramirez Asset Management, focusing on institutional fixed income strategies. Mr. Sarno joined Ramirez in March 2010 and possesses over 27 years of institutional fixed income experience. From 2007 to 2010 he worked as the Chief Investment Officer of the Amalgamated Bankâ€™s Institutional Trust & Custody department where he oversaw investments in excess of $11 billion. In that capacity, Mr. Sarno oversaw all investment offerings which consisted of fixed income, equities, and alternatives. From 1998 to 2007, Mr. Sarno was the Director of Fixed Income, with overall management responsibility for fixed income products and strategies which ranged from Cash out to Core. Mr. Sarno was a fixed income Portfolio Manager from 1992 to 1998 focused on Short and Intermediate duration fixed income portfolios.
Prior to joining Amalgamated Bank, Mr. Sarno served as a bond fund analyst at Bankers Trust Company. Mr. Sarno is a graduate of Fordham University with a B.A. in Economics and History.
Helen Yee, CFA
Senior Vice President, Portfolio Manager
Ms. Helen Yee joined Ramirez Asset Management in March 2010 as a Senior Vice President and Portfolio Manager after twelve years managing fixed income portfolios at Amalgamated Bank. In 2007, she was promoted to Director of Fixed Income, overseeing strategy, day to day portfolio management, and risk analysis. Previously Ms. Yee was a fixed income portfolio analyst at Fiduciary Trust and J. & W. Seligman. Ms. Yee obtained an M.B.A. in finance from the New York University Stern School of Business and a B.A. in Economics from Oberlin College. A member of the CFA Institute, Ms. Yee is a CFA charter holder.
Janet Henry, CFA
Senior Vice President, Credit Analyst
Ms. Janet S. Henry is a Senior Vice President whose primary responsibilities include the fundamental research and valuation analysis of fixed income corporate credit. She has 35 years of investment experience. Prior to joining RAM in 2013, Ms. Henry was a senior credit analyst at Holland Capital Management for 13 years. Ms. Henry was a founding partner with Heartland Trading Group, a Commodity Trading Advisor. Previously she was with Aon Corporation, where she was a Senior Portfolio Manager in the asset management division and researched and managed $2 billion of domestic corporate bonds and structured mortgage backed securities in fixed income portfolios. She earned an M.B.A. from The University of Chicago Booth School of Business and a B.A. in history from DePauw University. Ms. Henry received the Chartered Financial Analyst designation in 1989. Ms. Henry is a member of the CFA Society of Chicago and the CFA Institute.
Alex Bud, CFA
Senior Vice President, Municipal Credit Analyst
Alex Bud joined Ramirez Asset Management in April 2016 as a Senior Vice President and Municipal Credit Analyst. Mr. Bud possesses over 12 years of investment experience. From 2010 to 2016, he worked as a Portfolio Manager at FMS Wertmanagement Service GmbH responsible for the firmâ€™s $6bn US & Canadian Municipal bonds portfolio. From 2007 to 2010, Mr. Bud was a fixed income trader at Depfa Bank trading municipal tender option bond and interest rate derivatives. Previously, he was a risk manager at AIA LLC overseeing the day to day market risk for multiple Equities and Fixed Income portfolios. Mr. Bud obtained a B.S. in Computer System Engineering from Rensselaer and he is a CFA charter holder.
Vice President, Senior Equity Analyst
Mr. Bryan Oesterreicher has been working for SAR as an Analyst since September 2001. He began his career with Merrill Lynch in 1995 as a Financial Consultant managing portfolios for high net worth clients but then moved into research to be an Analyst working with Merrill Lynch Asset Management. In 2001 he then moved to head the research and portfolio management group at Marquette de Barry and eventually joined SAR to perform equity, mutual fund and hedge fund research for the Retail Sales Group. Bryan currently is a Credit Analyst for the Ramirez Asset Management Investment Committee performing risk management and investment strategy allocation analysis.
Ira I. Isaguirre
Vice President, Quantitative Analyst
Mr. Ira I. Isaguirre is head quantitative analyst of Ramirez Asset Management Portfolio Management Group and has over ten years of industry experience. Prior to joining RAM in 2010, he was an Assistant Vice President at Amalgamated Bank responsible for the analytical and statistical review of clientsâ€™ cash flow sufficiency, investment performance, attribution and risk management for the bankâ€™s equity and fixed income products. He reviewed various investment products for GIPSÂ® compliance. Mr. Isaguirre graduated magna cum laude from the City College of New York with a BA and MA in Economics.
Niso Abuaf, Ph.D.
Managing Director, Strategist
Mr. Niso Abuaf, Ph.D., heads the Financial Strategies Group at RAM. In this capacity, he is responsible for developing capital allocation, risk management and valuation strategies for the firm.
Mr. Abuaf has 25 years of wall street experience, including 8 years at Credit Suisse, where he was the founding head of its Global Financial Strategy Group; and 13 years at Citigroup where he was the head of its International Financial Strategy Group, based in London. He is an internationally recognized expert in valuation, optimal capital structure, and empirical corporate finance. He is also an Adjunct Professor of Finance at New York University's Stern School of Business and Clinical Professor of Finance & Economics at Pace University. In his role as a Financial Strategist, Mr. Abuaf has advised numerous clients on debt capacity, optimal capital structure and credit rating, optimal cash balance, and on liability and risk management strategies.
Mr. Abuaf is part of the firm's Investment Committee. He has advised numerous clients including: American Express, Amgen, AT&T, BMW, ConocoPhillips, IBM, International Paper, Microsoft, Nestle, and Oracle, among others. He has also advised sovereigns such as the Republics of Argentina, Colombia, France, Mexico, Korea, and Turkey. Mr. Abuaf is fluent in French, Spanish, and Turkish; and has a working knowledge of German and Italian.
Mr. Abuaf received a BS and MS in Electrical and Biomedical Engineering from Northwestern University; and an MBA, and a PhD in Financial Economics from the University of Chicago. He is the author of numerous scholarly and professional publications in international and corporate finance and derivatives.
Konstantin Semyonov, Ph.D.
Executive Director, Strategist
Mr. Konstantin Semyonov, Ph.D. is an executive director at RAM. He is responsible for advising RAM's clients on capital allocation, valuation, and risk management.
Mr. Semyonov has 10 years of Wall Street experience, including 8 years at Credit Suisse. At Credit Suisse, he was a founding member of its Financial Strategy Group along with Mr. Abuaf. Prior to that, Mr. Semyonov was at Citigroup where he was a founding member of its Financial Strategy Group in London. He started his career in corporate finance with Price Waterhouse in Russia, where he advised the Russian government on privatization and assisted Russian companies in raising funds via IPOs and private placements. Mr. Semyonov is a member of the firm's Investment Committee.
Mr. Semyonov has advised corporate clients such as ABB, Bunge, Calpine, Grupo Posadas, Nestle and Staples on capital allocation and enterprise risk management; and corporates such as Deere, Macy's, Novartis, PBG, and Toys'R'Us among others, on financings. In addition, at Credit Suisse, Konstantin was a valuation expert for Credit Suisse's Investment Banking Committee with regards to complex valuations for fairness opinions.
Mr. Semyonov received a BS and a PhD in Mathematics from Moscow State University and an MBA in Finance and Accounting from the University of Chicago. He is the author of numerous peer reviewed and professional publications in Mathematics and Corporate Finance.