Chicago, IL, Release: January 14, 2020. For Immediate Release.

Asset Management and Allocation (AAM) announced today that Mark Steiger, Principal and Chief Compliance and Operations Officer, has retired effective December 17, 2019.

Mark has served in his current role since April 2002. During Mark’s tenure as Chief Compliance and Operations Officer, he played a critical role in helping the firm adapt to significant changes in the management and firm leadership. In the process, he contributed significantly to our culture of regulatory compliance and operational diligence.

“Mark has been an outstanding leader and colleague for many years. His work ethic, diligence, and client focus have been exemplary at the company,” stated Chief Executive Officer John Schaefer. “Mark has been a mentor to many, and his influence has made an indelible impact to all of us at the firm. I want to thank Mark for all he’s done for the development and progress of AAM.”

Prior to joining AAM, Mark was an Assistant Vice President and Operations Manager for the portfolio management and client services team at Zurich Scudder Investments (ZSI). In addition, he previously served as the Manager of Fixed Income Operations and Systems at Farmers Insurance Group in Los Angeles where he also led the Securities Accounting department. Mark earned a BS in Accounting from California Lutheran University.

Mark’s 37 years of systems and investment experience will be greatly missed, but we appreciate his 19 years of service to AAM and all of our clients.

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.