The Public Financial Management Group, a provider of independent financial advisory services to governments and nonprofits, has named Robert Delany as managing director and chief financial officer.
Delany’s first day at PFM was Sept. 10. He is based in the company’s Philadelphia headquarters office.
John Bonow, PFM’s chief executive officer, explained that as the firm has continued to grow, so have its needs for additional financial administration.
“Orchestrating and funding PFM’s strategic growth involves many complex and demanding tasks, and we sought an executive with broad experience in many areas of finance,” Bonow said. “Rob is such a professional and we are eager to work with him as we continue to build an independent firm known for integrity and sound advice in solving our client’s challenges.”
Most recently, Delany was CFO and chief operating officer for Sciens Capital Management, headquartered in New York City, where he managed strategic planning, acquisitions and corporate development.
He holds both a bachelor’s degree in accounting and a master’s degree in finance from Drexel University’s LeBow College of Business in Philadelphia, where he also previously served as an adjunct professor.
“I am very pleased to be joining an organization with the national reputation for integrity, innovation and independence that PFM has built over the last 37 years,” Delany said.
The PFM Group of companies includes Public Financial Management Inc., a top-ranked municipal advisory firm. According to Thomson Reuters data, PFM was the top financial advisor in the nation for the first half of 2012, working on 498 issues worth a total of $28 billion.