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AAM Announces New Chief Compliance Officer and Director of Operations
January 14, 2020
Chicago, IL, Release: January 14, 2020. For Immediate Release.
Asset Allocation and Management (AAM) is pleased to announce the promotion of Chelsea Klassa to Chief Compliance Officer and Jeffrey Martinkus to Director of Operations. Chelsea and Jeff’s respective promotions serve to replace AAM’s former Chief Compliance and Operations Officer Mark Steiger due to his recent retirement.
As AAM’s new Chief Compliance Officer, Chelsea Klassa will be responsible for leading the process of implementing portfolio compliance processes, conducting annual and bi-annual compliance testing, as well as overseeing performance reporting and compliance review of outgoing materials. Chelsea has been with AAM since May 2018 as the firm’s Compliance Analyst, and she has made a notable impact to the firm’s regulatory processes during her time.
Chelsea was previously a Derivatives Compliance Analyst at Jackson National Asset Management and a Financial Analyst at Michigan Gaming Control Board. She obtained her BA in Finance and a Minor in Economics from Loyola University Chicago.
“Chelsea has shown great diligence and organization in her work at AAM,” stated Chief Executive Officer John Schaefer. “Her dedication to regulatory details and policies ensures the best level of firm-wide operations and overall service to our clients. We are all excited for Chelsea’s impact in her new role at the firm.”
Jeff Martinkus will be responsible for spearheading AAM’s efforts to streamline information systems operations for its insurance clients. In addition, Jeff will be in charge of information technology, investment management data integrity, and operations automation. Jeff has served AAM since April 2005 as both a Vice President and AAM’s Investment Systems Project Manager.
Immediately prior to his time at AAM, Jeff was the Assistant Vice President and Applications Manager, supporting the Mutual Funds Investment Accounting Group at Zurich Scudder Investments. He attended DePaul University, earning a BS in Computer Science.
“Jeff continues to provide a wealth of expertise in operational planning, firm-wide data management, and information technology advancement,” remarked Chief Financial Officer Joseph Borgmann. “He will be a great asset in helping us continue to bring value and support to our employees, clients, and partners.”
Disclaimer: Asset Allocation & Management Company, LLC (AAM) is an investment adviser registered with the Securities and Exchange Commission, specializing in fixed-income asset management services for insurance companies. Registration does not imply a certain level of skill or training. This information was developed using publicly available information, internally developed data and outside sources believed to be reliable. While all reasonable care has been taken to ensure that the facts stated and the opinions given are accurate, complete and reasonable, liability is expressly disclaimed by AAM and any affiliates (collectively known as “AAM”), and their representative officers and employees. This report has been prepared for informational purposes only and does not purport to represent a complete analysis of any security, company or industry discussed. Any opinions and/or recommendations expressed are subject to change without notice and should be considered only as part of a diversified portfolio. Any opinions and statements contained herein of financial market trends based on market conditions constitute our judgment. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that discussed here. The information presented, including any statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein. A complete list of investment recommendations made during the past year is available upon request. Past performance is not an indication of future returns. This information is distributed to recipients including AAM, any of which may have acted on the basis of the information, or may have an ownership interest in securities to which the information relates. It may also be distributed to clients of AAM, as well as to other recipients with whom no such client relationship exists. Providing this information does not, in and of itself, constitute a recommendation by AAM, nor does it imply that the purchase or sale of any security is suitable for the recipient. Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, inflation, liquidity, valuation, volatility, prepayment and extension. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.