BRADENTON, Fla. - Naples, Fla.-based Wasmer, Schroeder & Co. has hired Reid Tomlin as director of municipal research.
Tomlin, who is responsible for overseeing credit research for Wasmer's tax-exempt and taxable municipal bond holdings, most recently was a first vice president in Ambac Assurance Corp.'s public finance division, the firm said in a release.
"Complementing our existing professional staff of experienced credit analysts, traders, and portfolio managers, Reid brings a dimension and perspective that enhances our ability to continue to deliver optimal fixed-income solutions and investment management services to our clients," said Martin Wasmer, Wasmer's chief executive officer.
Prior to working at Ambac, Tomlin was a director in the public finance division of Standard & Poor's municipal enterprise group. Before that, he spent 13 years as an analyst and underwriter in the public finance and international infrastructure divisions at MBIA Insurance Corp.
Tomlin received a bachelor's degree from the University of California San Diego. He received a master's degree in financial management from New York University. He is a member of the Municipal Analysts Group of New York and the National Federation of Municipal Analysts.
"Reid's extensive background in municipal credit research, analysis, and underwriting, especially his experience working for a nationally recognized statistical ratings organization and two different financial guarantors in the public finance sector, brings a broad, disciplined, and rigorous skill set to our firm at a time when the fundamentals of credit research are of increasing importance," said Michael Schroeder, Wasmer's president and chief investment officer.
Wasmer is an independent investment advisory firm specializing in separately managed accounts for high-net-worth investors and wealth management platforms as well as such institutional clients insurance companies, foundations, endowments, hospitals, and other nonprofit organizations. The firm says it has more than $2.6 billion under management.