Our People

As a matter of philosophy, Flaherty & Crumrine operates with a very compact staff of highly qualified professionals. This approach is designed to encourage the focus on their specialized investment niche and to avoid having the attention of their key people diverted.


R. Eric Chadwick CFA, Portfolio Manager and President

Mr. Chadwick has managed preferred securities at Flaherty & Crumrine since 1999 and is a member of the firm’s portfolio management team. As one of the firm's traders, he shares responsibility for implementing investment strategies. Mr. Chadwick is also involved in the development of tools for managing the portfolios and developing firm-wide systems. Together with Mr. Conwell and Mr. Stone, he serves on the firm's board of directors and is a member of the executive management committee. He also serves as Chairman of the Board, Chief Executive Officer, and a Director of the U.S. Flaherty & Crumrine closed-end funds.

Prior to joining Flaherty & Crumrine in 1999, he worked at Koch Industries Inc. where he was responsible for managing sizable portfolios of both preferred securities and corporate bonds. He was also responsible for developing analytical tools used in the management of the portfolios, and providing fundamental research on a broad range of credits.

Mr. Chadwick earned his M.B.A. from the UCLA Anderson School of Management and his B.S. in Economics from the University of Kansas. .Click here to view bio


Chad Conwell, Executive Vice President, Chief Legal Officer and Chief Compliance Officer

Mr. Conwell joined Flaherty & Crumrine in 2005.  Together with Mr. Chadwick and Mr. Stone, he serves on the firm's board of directors and is a member of the executive management committee. He has responsibility in fund management, client servicing and marketing efforts.  In addition, he is responsible for compliance and legal matters.  Mr. Conwell also serves as Vice President, Secretary and Chief Compliance Officer of the U.S. Flaherty & Crumrine closed-end funds.

Previously, Mr. Conwell practiced at Paul, Hastings, Janofsky & Walker LLP, a global law firm, for more than six years in the areas of corporate finance and investment management regulation.

Mr. Conwell earned his B.A. from the University of California at Berkeley and his J.D. from the Georgetown University Law Center. Click here to view bio


Bradford S. Stone, Portfolio Manager, Executive Vice President and Chief Financial Officer

Mr. Stone joined Flaherty & Crumrine in 2003 after a 20-year career on Wall Street. Based in Summit, New Jersey, he is a member of the firm’s portfolio management team. He is responsible for macroeconomic and quantitative research and analysis and directs our credit research group. Together with Mr. Chadwick and Mr. Conwell, he serves on the firm's board of directors and is a member of the executive management committee. He also serves as Chief Financial Officer, Vice President and Treasurer of the U.S. Flaherty & Crumrine closed-end funds and oversees the financial reporting and tax operations for the U.S. Flaherty & Crumrine closed-end funds.

From 2001 until joining Flaherty & Crumrine, he was Director of U.S. Market Strategy at Barclays Capital in New York, where he advised clients on market strategies across U.S. treasuries, agencies, and interest rate derivative products. Prior to Barclays, he spent 14 years at Goldman Sachs, where he most recently held the position of Director – Interest Rate Product Strategy, Americas. He was a regular member of Institutional Investor’s All-America Fixed Income Research Team, earning the top ranking in Derivatives Strategy in 2001. He began his career at Salomon Brothers as an options trader and derivative salesperson.

Mr. Stone earned his M.B.A. from Wharton Graduate School of Business and his A.B. in Economics from Dartmouth College. Click here to view bio


Rick J. Seto CFA, Managing Director and Vice President

Mr. Seto joined Flaherty & Crumrine in 2003 after spending eight years as an equity and fixed income analyst and eight years as a commercial bank lending officer. Mr. Seto is a member of the firm’s credit committee, where his focus is on global banks, REITs and industrials.

From 1999 until joining Flaherty & Crumrine, Mr. Seto was an Associate Equity Analyst at UBS Investment Bank, where he covered natural gas pipelines, local distribution companies, electric utilities, and master limited partnerships. Prior to UBS, he spent three years at Moody’s Investors Service as an Associate Analyst covering investment-grade Consumer Products and Retail companies. From 1991-1996, he was an AVP and commercial lending officer at NatWest Bank with primary account and cross-sell responsibilities for a portfolio of consumer products, consumer finance and retail companies. He was a member of the top-ranked Institutional Investor’s All-America Natural Gas Equity Research Team at UBS in 2003. He began his career at Heller Financial Inc. as a financial analyst in asset-based lending.

Mr. Seto completed a formal credit-training program at NatWest Bank, and earned his B.S. in Statistics and Econometrics from New York University. Click here to view bio


Lisa Tucci CFA, Managing Director

Ms.Tucci joined Flaherty & Crumrine in 2005. Ms. Tucci is a member of the firm’s credit committee, where her focus is on the utility, energy and banking industries.

Prior to joining Flaherty & Crumrine, she spent five years as an Associate Director of Equity Research at UBS Investment Bank, where she covered natural gas pipelines and natural gas and electric utilities. Ms. Tucci was a member of the top-ranked Institutional Investor’s All-America Natural Gas Equity Research Team at UBS in 2003 and earned an honorable mention herself the same year.

Ms. Tucci earned a B.S. from State University at Albany, New York. Click here to view bio


Gordon Russo, Senior Credit Analyst

Mr. Russo joined Flaherty & Crumrine in December of 2012. Mr. Russo is a member of the firm’s credit committee, where his focus is on the insurance industry.

Mr. Russo has over 10 years of experience covering investment grade and high yield corporate credits primarily in the insurance and healthcare sectors. His prior experience includes manager of a team of analysts at an investment bank and as bank examiner for the U.S. Department of the Treasury. Mr. Russo began his career as a corporate accountant for a regional bank holding company.

Mr. Russo earned his M.S.F. from Bentley College Graduate School and his B.A. from Rutgers College. Click here to view bio


Roger W. Ko, Trader

Mr. Ko joined Flaherty & Crumrine in September 2013 to act as one of the firm’s traders. Prior to joining Flaherty and Crumrine, he worked for nine years as a trader at Deutsche Bank. From 2004-2010, he helped manage a proprietary trading portfolio comprised of preferred securities, corporate bonds, term loans, credit default swaps, and structured products. He helped to develop an integrated system to organize, track, and analyze a diverse and complex portfolio of securities. In 2010, he joined the credit correlation desk and most recently, he traded Aircraft ABS as the primary market maker for Deutsche.

Mr. Ko earned his J.D. from the University of Michigan Law School and his B.S. in Chemistry from Haverford College. He is a member of the New York State Bar. Click here to view bio



R. ERIC CHADWICK, CFAPortfolio Manager and President

1/99 – Present: Flaherty & Crumrine Incorporated
1/97 – 12/98: Koch Industries, Inc.
Portfolio Manager

University of Kansas — B.S. Business, 1996 (Honor Roll)
The Anderson School, University of California Los Angeles — M.B.A., 2003

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CHAD C. CONWELLExecutive Vice President, Chief Legal Officer and Chief Compliance Officer

7/05 – Present: Flaherty & Crumrine Incorporated
9/98 – 6/05: Paul, Hastings, Janofsky & Walker, LLP
Attorney

University of California at Berkeley — B.A. Political Science, 1993 (With distinction)
Georgetown University Law Center, Washington, D.C. — J.D., 1998 (Cum Laude)

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BRADFORD S. STONEPortfolio Manager, Executive Vice President and Chief Financial Officer

5/03 – Present: Flaherty & Crumrine Incorporated
6/01 – 5/03: Barclays Capital
Director, U.S. Market Strategy
2/87 – 6/01: Goldman, Sachs & Company
Vice President, Interest Rate Strategy
Executive Director, Global Hedge Fund Sales
8/83 – 2/87: Salomon Brothers Inc.
Vice President, Government & Derivatives Sales
Associate, Options Trading Hedge Fund Sales

Dartmouth College — A.B. Economics, 1981
The Wharton School, University of Pennsylvania — M.B.A., 1983 (With Distinction, Director's Honor List)

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RICK J. SETO, CFAManaging Director and Vice President

10/03 – Present: Flaherty & Crumrine Incorporated
10/99 – 10/03: UBS Investment Bank
Associate Analyst (Equity Research), Natural Gas & Electric Utilities, MLPs
10/96 – 10/99: Moody's Investors Service
Associate Analyst, Investment Grade Consumer Products and Retail Companies
12/91 – 10/96: Fleet Bank, N.A. (formerly NatWest Bank, N.A.)
Assistant Vice President, Commercial Lending Officer
Assistant Treasurer, Diversified Industries and Corporate Finance Group
Financial Analyst, Asset-Based Lending

New York University — B.S. Statistics and Econometrics, 1989
NatWest Bank, N.A. — Formal Credit Training Program, 1994-95

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LISA C. TUCCI, CFAManaging Director

3/05 – Present: Flaherty & Crumrine Incorporated
11/00 – 3/05: UBS Investment Bank
Associate Director (Equity Research)
Natural Gas & Electric Utilities

State University at Albany, New York — B.S., 2000 (With Honors)

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Gordon RussoSenior Credit Analyst

12/12 – Present: Flaherty & Crumrine Incorporated
12/00 – 5/12: Dwight Asset Management
Senior Vice President
Insurance and healthcare
8/92 – 5/00: Sandler O'Neill and Partners, L.P.
Managing Director
11/89 – 8/92: U.S. Department of the Treasury
Office of Thrift Supervision
Bank Examiner / Supervisory Analyst
2/85 – 5/89: Bank of New England
Corporation Corporate Accountant

Bentley College Graduate School - Master of Science in Finance (MSF) 1989
Rutgers College – B.A. Economics with Accounting Concentration 1985

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Roger W. KoTrader

9/13 – Present: Flaherty & Crumrine Incorporated
8/04 – 7/13: Deutsche Bank Securities, Inc. (Trader)

University of Michigan Law School – J.D., 2003
Haverford College – B.S. Chemistry, 1996 (Honors)

 

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