James F. Haddon Joins The PFM Group as Managing Director

Former Citi senior investment banker will enhance firm's asset management and municipal finance practice

PHILADELPHIA, Oct. 28 /PRNewswire/ -- PFM Group, the nation's leading provider of independent financial and investment advisory services to state and local governments, announced today that James F. Haddon has joined PFM as a Managing Director. PFM also provides investment advice and portfolio management for government and not-for-profit organizations, corporations, pension and endowment funds and other institutions.

(Photo: http://www.newscom.com/cgi-bin/prnh/20091028/PH00754-a )

(Logo: http://www.newscom.com/cgi-bin/prnh/20091028/PH00754LOGO-b )

Mr. Haddon will be headquartered in The PFM Group's New York City office. Combining his experience in both municipal underwriting and investment management, he will provide expertise and leadership in these areas as he heads up PFM's national account business expansion efforts in municipal advisory services and asset management.

Jim Haddon comes to PFM from Citi where he held several senior management positions in investment banking. Most recently, Jim was Managing Director for Citi's Alternatives Distribution Group, which raises private equity for third party and Citi-originated limited partnerships in the private equity, hedge fund, infrastructure and real estate investment asset classes. He also served as Global Sales Manager for the sales team whose clients include public and corporate pension funds, endowments, sovereign wealth funds, family offices and financial institutions throughout the world.

From 1994-2008, Jim was Managing Director in Citi's Municipal Securities Division. As part of the Division's senior management team, Jim provided investment banking and advisory services to large city and state issuers, and helped structure financings to provide funds for stadiums, convention centers, roads, mass transit and water/sewer projects. His clients have included: the cities of Los Angeles, New York, Detroit, Chicago, Washington DC, Atlanta, San Antonio, Philadelphia, and New Orleans; and the states of New York, New Jersey, Connecticut, Michigan, Texas, Louisiana, California, Iowa and Virginia as well as the Virgin Islands.

Mr. Haddon has received numerous accolades for his work in Finance. He has been selected three times as one of Black Enterprise magazine's "Most Powerful African Americans on Wall Street," and in 2008, he received the Travers Bell Award for excellence, achievement and leadership in the Finance Industry. He is the Chair-elect of the Board of the National Association of Security Professionals (NASP) and also serves on the boards of the Riverside Park Fund, The Alzheimer's Association of New York City, and Sponsors for Educational Opportunities, a mentoring and internship program. A graduate of Wesleyan University and of the Stanford University Graduate School of Business, Mr. Haddon served a three-year term on Wesleyan's Board of Trustees.

F. John White, Chief Executive of The PFM Group, said, "We are extremely pleased to have a seasoned executive like Jim join PFM's management team. We believe his broad experience, as well as the excellent reputation he brings along with him, will help PFM continue to build our market leading municipal finance, investment advisory, and asset management business in the U.S."

Jim Haddon shares John White's enthusiasm. "I am delighted to join a firm with such an excellent reputation in the worlds of public finance and asset management," Mr. Haddon said. "Coming from a dual background in investment banking and investment management, this is an ideal opportunity for me to combine that knowledge of clients and products and make a meaningful addition to PFM's outstanding book of business right away," he continued.

Mr. Haddon expects his first contributions to PFM's growth to be leveraging his extensive network of contacts in municipal finance and government across the country to attract new business for PFM, both on the asset management and the financial advisory sides of the PFM Group. "While I intend to help attract new business from all over the country," he said, "I want to make a special effort in the markets of New York, Texas, Illinois, and California that I know so well, where PFM already has a presence, but one that can be further enhanced as new opportunities are developed."

PFM's more than 400 employees serve a broad base of clients from 31 offices located in every region of the country. The firm is well respected for providing clients with independent advisory services free of conflicts in their dealings with the capital markets. At the conclusion of the third quarter of 2009, Public Financial Management was the top ranked financial advisor in all categories -- advising on $38.1 billion of total debt, in 606 separate transactions. PFM Asset Management LLC currently manages $35 billion in assets and provides non-discretionary advice for an additional $3 billion in fixed income securities.

SOURCE PFM Group