Prudential Hires Portfolio Manager Robert GermanoBrill's Mutual Funds Interactive - News
...Prudential Hires Portfolio Manager Robert Germano
, 56, of Morganville, N.J., brought his
30 years of portfolio analysis experience to Prudential
on Monday. Germano joins the firm as a vice president and will manage a variety of open-ended tax-exempt portfolios.He
will report to Robert Waas, managing director of the municipal bond department, which also includes portfolio manager Lorely Machin.The department currently has $5 billion in assets .
...Prior to joining Prudential, Germano was the owner and operator of Germano Municipals Corp. in Holmdel, N.J., from 1989 until he sold the business early last year.He
remained active, however, in the market by trading a variety of investments, including municipals, for his
own personal portfolio over the last year.
As a generalist, Germano
provided sector, credit quality, and market analysis used in restructuring and improving portfolio performance to some of the biggest mutual fund families in the industry, such as Merrill Lynch Asset Management, Dreyfus Corp., Colonial Management Associates, and Fidelity
Management & Research Co. Before opening his own shop, he also provided portfolio and market analysis to some of the same fund managers at large mutual fund families while working first as an institutional salesman and later as an institutional sales manager at some of the former big Wall Street firms, which are now either defunct or merged with other companies, such as Dillon Reed, Lazard Feres, Drexel Burnham and Shearson Lehman. Germano started in the industry in 1972 at Manhattan-based Park Ryan, a small municipal bond shop that specialized in sinking fund bonds.
Friends and colleagues in the municipal market for 17 years, Waas and Germano
are counting on each other's experience to grow the business.