SAN DIEGO, July 28, 2016 /PRNewswire/ -- Gurtin Fixed Income is pleased to announce the promotion of Michael Johnson to co-chief executive officer, effective July 23, 2016. This promotion is a natural evolution of Mr. Johnson's strong leadership within the firm – leadership from which the firm will benefit tremendously as it continues to grow. The position will be shared with founder Bill Gurtin who will continue on as chief executive officer and chief investment officer, framing the firm's long-term strategic vision and overseeing the firm's investment management operations.
"The promotion is well deserved," said Mr. Gurtin. "Michael rolled up his sleeves and started our research group on his own eight years ago; since then, he's run nearly every department, making his mark on each one in the process. His proactive management of the risks faced by our industry and sincere concern for our clients' best interests have enabled us to continue to create value – both for our clients and the talented individuals who make up our firm's unique culture."
As co-chief executive officer, while continuing to serve in the capacity of chief risk officer, Mr. Johnson will be responsible for the firm's day-to-day management and all firm-level risk management. Mr. Johnson has 21 years of financial services experience with a focus on municipal bonds and risk management. Prior to joining the firm, he served as head of Merrill Lynch's Municipal Credit, Banking Credit, and Insurance Credit teams. Prior to Merrill Lynch, Mr. Johnson spent seven years at Moody's Investors Service in several public finance groups, ultimately serving as the co-manager of Moody's Midwest Regional Office.
"Michael is a rare talent with the combination of vast industry knowledge, creativity, humility, and the highest integrity," Mr. Gurtin continued. "These qualities will serve him well as he continues to broaden and hone his executive leadership skills, and we prepare to enter a new era of growth and success."
Based in San Diego and Chicago, Gurtin Fixed Income Management LLC is an investment management firm specializing in municipal bond portfolios. Working with high and ultra-high net worth individuals, as well as their investment advisors and family offices, we strive to build financial solutions that meet clients' unique needs. As of June 30, 2016, assets under management totaled $10.5 billion. For more information, visit www.gurtin.com, or call 1-866-606-2221.
Gurtin Fixed Income Management LLC
Shandi Johnson, 1-866-606-2221
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gurtin-names-michael-johnson-co-ceo-300302833.html
SOURCE Gurtin Fixed Income Management, LLC