PFM Names Firm-Wide Human Resources Talent Manager

PHILADELPHIA, April 20 /PRNewswire/ -- The PFM Group, (www.pfm.com), the nation's leading provider of independent financial and investment advisory services to state and local governments and their agencies, announced today that it has taken another major step in the company's strategic planning with the addition of Michael J. Aileo as the firm's national talent manager for human resource development. Aileo will be charged with coordinating professional development and training, identifying appropriate routes for advancement for managers throughout the firm, and strategic recruitment, among other responsibilities.

The search for an executive of Mr. Aileo's caliber and experience, coordinated by the Philadelphia-based firm Diversified Search Odgers Berndtson, was a national one, and his hiring has fulfilled a long range goal for PFM.

"Our people, with their talent and experience, are the most important assets we offer our clients,"  explained PFM CEO John White. "As our firm continues to evolve, we must strengthen the management of this critical resource and enhance its value. Mike has extensive experience in maximizing the value of a firm's human capital, and we are looking forward to his making a similar contribution to PFM during our ongoing growth as a firm."

Aileo comes to PFM from PricewaterhouseCoopers (PwC) where he was most recently the Director of Human Resources for the New York Metro Tax Practice. PwC's NY Metro Tax Practice has over 1,000 employees and 120 client service partners. His responsibilities at PricewaterhouseCoopers focused on all partner level matters, including performance management and evaluation, compensation, succession planning, recruitment, and leadership development.

He was at PwC for over 23 years, moving through progressively more responsible roles in human resources. Having managed through the unique circumstances of the Price Waterhouse and Coopers & Lybrand merger, Mike Aileo assisted with numerous HR restructuring activities and managed the human resources functions for a variety of business areas. He views the Human Resources opportunities facing a growing and people-centered organization like PFM as an exciting challenge to be met.

"In today's economic environment, it is essential for an organization to develop and retain its high-performing people," Aileo noted. "PFM has always attracted the 'best and the brightest' talent in the municipal finance and asset management fields, and we must be sure to create the clearest pathway to success for those individuals," he continued. "The firm's phenomenal growth over the 35 years of its existence is primarily due to the extraordinary contributions of PFM's professionals, and I hope to help enable the continuation of that growth and success."

Mike Aileo resides in Yardley, Bucks County, PA with his wife and three children. He is a graduate of LaSalle University with a degree in Accounting and holds his Master's in Human Organization Science from Villanova. He will be headquartered in PFM's Philadelphia office.

PFM currently employs more than 430 professionals serving a broad base of clients from 33 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 end of first quarter of 2010, Public Financial Management retained its position as the top ranked financial advisor in the nation in overall new issues. In the first quarter of 2010 alone, PFM advised clients on $13.4 billion of total debt in 234 separate transactions. In addition, at year-end 2009, PFM Asset Management LLC had $37 billion in assets under management for state and local governments and non-profit institutions, and provided non-discretionary advice for an additional $2.3 billion in fixed income securities.

SOURCE The PFM Group