Advisors
Thomas P. Fay, CFA
Mr. Fay is Managing Director of Regional Investments for Bank of America, a world leader in providing investment management for institutions, charitable foundations, and high net worth individuals.
He is responsible for the management of Fleet’s Regional Investment Group, comprising 286 investment professionals managing $37 billion for High Net Worth Clients and $12 billion for Mid-Market Institutional Clients.
He has over 19 years experience in investment management and financial analysis. He joined Fleet in 1992 as a Portfolio Manager and assumed responsibility for the Massachusetts region in 1998. He has prior experience in investment management with Shawmut National Corporation and Old Stone Trust Company. He also served as a Senior Financial Analyst with Boston Edison Co, and as a Financial Analyst with General Electric Capital Corp.
Tom received a bachelor’s degree in finance from Boston College, and earned his MBA from The University of Rhode Island. He is a Chartered Financial Analyst. He frequently speaks on investment issues for Bank of America and has been quoted in newspapers and newsletters.
Thomas Shevlin
Tom Shevlin was born in 1945, and raised in Slatersville and Narragansett, RI. Mr. Shevlin graduated from Portsmouth Abbey in 1964 and received his Bachelor of Science from the University of Rhode Island College of Business in 1968. He served in the U.S. Army Reserves following graduation from URI.
Mr. Shevlin began his career with The Bankers Trust Company in New York City, and moved to the International Corporate Banking Group at Citibank prior to joining J.P. Morgan in 1976. Tom’s twenty years with JP Morgan included senior roles in Corporate Banking, as Director of College and MBA Recruiting, Head of Private Banking and Asset Management for Los Angeles and San Francisco, and Director of the Investment Management marketing program.
Mr. Shevlin joined The U.S. Trust Company in New York in 1996, where he served in a senior Investment Management Marketing capacity and in Portfolio Management for Private Clients.
Presently, Mr. Shevlin is a senior executive with Haven Capital Management in New York where he manages investment portfolios for Private Clients.
Married with five children, Mr. Shevlin lives in Darien, Connecticut and Jamestown, Rhode Island.
Thomas J. Silvia
Tom Silvia is a portfolio manager for Fidelity Investments, the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans and a leading online brokerage firm. Mr. Silvia manages Fidelity Mortgage Securities Fund, Fidelity Advisor Government Investment Fund, Fidelity Ginnie Mae Fund, Fidelity Inflation-Protected Bond Fund (including the Advisor share classes), and co-manages Fidelity Advisor Mortgage Securities Fund. Mr. Silvia also serves as director of taxable bond portfolio managers. He assumed this role in December 2002.
Mr. Silvia joined Fidelity in 1993 as a senior mortgage trader, managing all mortgage-backed security (MBS) trades. He was appointed co-manager of Fidelity Mortgage Securities in February 1997 and, subsequently, appointed portfolio manager in October 1997. At that time, he also began managing Fidelity Advisor Mortgage Securities Fund. He began managing Fidelity Ginnie Mae Fund and Fidelity Advisor Government Investment Fund in 1998. He also managed Fidelity Government Income Fund and Spartan Government Income Fund from 1998 to January 2003. He also managed Fidelity U.S. Bond Index Fund from December 1998 until October 2001. Mr. Silvia assumed management responsibility for Fidelity Inflation-Protected Bond Fund in June 2002.
Prior to joining Fidelity, Mr. Silvia worked as a quantitative analyst, following mortgage-backed securities, for Donaldson, Lufkin & Jenrette in New York from 1989 to 1992. Previously, he was an MBS trader for LF Rothschild in New York from 1987 to 1989.
Born in 1961, Mr. Silvia earned a Bachelor of Science degree in chemical engineering from the University of Rhode Island in 1983 and an MBA from Columbia Graduate School of Business in 1987.
Mr. Silvia is a board member of the National Neurofibromatosis Foundation - Massachusetts Chapter and a trustee of the University of Rhode Island Foundation.
Douglas E. Coté, CFA
Mr. Coté is Portfolio Manager Enhanced Core Strategies, ING Investment Management Americas managing $10 billion in equity assets, providing investment management for institutions, charitable foundations, and retail mutual funds.
He has over 10 years experience in equity investment management. He joined ING Investment Management in 1994 as a quantitative equity analyst and since directed a portfolio optimization and risk management group and managed a market neutral hedge fund before becoming a portfolio manager for enhanced core large cap, mid cap and small cap funds. Previously he worked at Phoenix Investment Advisors, where he developed fixed income and commercial real estate portfolio management systems, and at The Travelers, where he developed a financial futures hedging system.
Doug received a B.S. in Management Information Systems and Production Operations Management from the University of Rhode Island, and earned his MBA from the University of Hartford. He is a Chartered Financial Analyst. He is a regular contributor to the ING Investment Weekly and his articles have been widely quoted in the New York Times, Investment News, The Economist, Bloomberg News, McGraw-Hill book titled “The Nasdaq Investor” and through interviews with Bloomberg radio. He travels the country regularly meeting with and advising institutional and retail investors.
Doug is chairman of the board for The Hartford Inner-City Scholarship fund that supports a private catholic education for underprivileged children.
Married with one child, Mr. Coté lives in Avon, Connecticut.
Mark K. Dorcus, CFA
Mark joined White Mountains Advisors LLC in Guilford, CT, December 2001 as a Managing Director to manage and oversee management of portfolios now totaling $10 billion. White Mountains Advisors LLC is a wholly owned subsidiary of White Mountains Insurance Group, Ltd. Prior to joining White Mountains, Mark was the VP and CIO of National Grange Mutual Insurance Company and President of its investment management subsidiary, Main Street America Capital Corporation (located in Keene, NH). Mark went to NGM and MSACC in 1986 as an Investment Specialist. Assets under management during his employment with NGM and MSACC grew from $250 million to nearly $1 billion. Before moving to NGM and MSACC Mark worked as an equity analyst and then a credit rating specialist at Standard & Poor’s Corp. in New York. Mark achieved his CFA designation in September 1987 and earned a BS in Finance from the University of Rhode Island in 1981.
Mark resides in Keene, NH with his wife, two teenage daughters and newly adopted 1 year old son (from Guatemala).
Joseph M. Wagner
Joe was born in Philadelphia in 1948 and moved to Rhode Island in 1972 settling in Charlestown where he was a carpenter and general contractor. He earned a BA in Political Science at URI graduating in 1977. Joe went on to attend the Fletcher School of Law and Diplomacy and graduated with a Masters in Law and Diplomacy in 1980 in the fields of International Economics, Law and Business.
Joe began his career in international finance in 1980 as a trainee at American Express International Banking Corporation in New York and moved to Singapore to manage a portfolio of non-performing loans in Indonesia in 1982. He returned to the United States in 1985 to become vice president of the Asia Pacific Department at Maryland National Bank in Baltimore. In 1989 he moved to Houston to take the job of senior vice president of the Asia Pacific Department at First City, Texas. In 1993, Joe was recruited to establish a new division within Cargill Financial Services Corp. in Minnesota where he helped create a specialized group dealing in commodity trade arbitrage and cross border hedging and derivatives strategies focusing on local currency FX and money markets in emerging market economies.
Joe left Cargill in 1999 with several colleagues to form an independent commodity finance shop which established a joint venture with Archer Daniels Midland Company that same year. ADM eventually bought out Joe and his partners’ interests in the JV in 2002 and, as part of that agreement, Joe and his partners entered into a two year contract to build a global business for ADM.
Currently Joe is working as a consultant and advisor to an independent commodity finance group based in Houston to pursue similar commodity based strategies in Asia for several US based firms dealing in softs, non-ferrous metals and petroleum. Joe and his wife Jan live in Wayzata, Minnesota with their two sons.
Donna M. Arnold
Donna was raised in Providence and Matunuck, RI. She graduated from Classical High in 1972 and received her BA with High Distinction in German with an Administration minor from the University of Rhode Island in 1976. She went on to complete her MBA in International Finance in 1978, one of the first grads from the Language Department’s collaboration with the College of Business to earn an MBA after a 5th year of study.
Donna began her career with Swiss Bank Corporation as a corporate finance management trainee in New York City in 1978. She was recruited to join J.P. Morgan in 1981 as an Assistant Treasurer to manage top clients’ Foreign Exchange relationships, and was promoted to VP in 1983. She then moved on the head the International Sales Department of Institutional Fixed Income Trading. After the birth of her first son, Donna elected to move to a part time staff function, and headed up Fixed Income Sales Administration. She was then selected to coordinate Global Markets Communications, which included producing the short and long term financial plans for this division, speech writing for senior executives, and publishing a weekly internal newsletter. Donna is presently retired from banking, and manages the family’s real estate rental properties.
In her private life, Donna has been a Cub Scout & Boy Scout Den leader, assistant and head youth soccer coach, lacrosse team mom and assistant coach and active PTA participant in Greenwich Public Schools. After coordinating the family’s move to LA, she became a founding member of the Pacific Coast Lacrosse Association, a volunteer body that introduced, promoted, and regulated the sport of lacrosse in LA. She assisted the PCLA’s expansion from middle school to high school; and coached and managed several teams including founding the lax program at Harvard-Westlake School. For Berkeley Hall School, she created the Junior High Community Service program, and chaired their ’03 Parent Campaign.
Donna lives with her husband, Thomas D Cerio III, who is also a URI grad, and 2 sons, Dominic (17) and Victor (13) in Old Greenwich, CT and Charlestown, RI.
Lance Kilma
Graduated 1989 URI, School of Business.
Major: Finance Minor Management
Lance has worked at JP Morgan and is currently at Bear Stearns. Lance's experience is as follows:
1989 - JP Morgan, Associate - Interest Rate Swaps
1991 - JP Morgan Securities, Vice President - Private Client Services-High Net Worth Sales
1994 - JP Morgan Securities, Vice President - Equities Institutional Research Sales
1997 - Bear Stearns, Managing Director - Equities Institutional Research Sales
1999 - Bear Stearns, Senior Managing Director - Equities Institutional Research Sales
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