Credit Research Team

Credit research is the cornerstone of our investment process. Our credit process is based on rigorous fundamental credit analysis that seeks to thoroughly understand historic and prospective credit risks for the issuers in our universe and the sectors within which they operate. As a group the senior credit research analysts average more than 28 years experience in the industry. Learn more about each team member's role below:

Robert Hajduch

Robert Hajduch

Managing Director - Head of Taxable Credit Research
38 years experience

In his role as managing director, Rob leads the firm's taxable credit research efforts. In addition to managing the taxable credit research team Rob is responsible for credit research within the global financial sector. 

Tim Russell

Tim Russell

Managing Director - Head of Municipal Credit Research
30 years experience

In his role as managing director, Tim leads the firm's municipal credit research efforts.

Winnie Cheng, CFA

Winnie Cheng, CFA

Director - Senior Credit Research Analyst
40 years experience

Winnie is responsible for credit research within the technology, pharmaceuticals, medical technology, and pharmaceutical wholesaler sectors.

Eric Espeseth

Eric Espeseth

Director - Senior Credit Research Analyst
22 years experience

Eric is responsible for credit research within the retail, consumer products, food and beverage, transportation, and media/telecom sectors.

Marin Komlan

Marin Komlan

Director - Senior Credit Research Analyst
24 years experience

Marin is responsible for credit research within the municipal sector.

Cynthia Ma, CFA

Cynthia Ma, CFA

Director - Senior Credit Research Analyst
20 years experience

Cynthia is responsible for credit research within industrials, energy, and utilities sectors.

Ivan Yim, CFA

Ivan Yim, CFA

Director - Senior Credit Research Analyst
23 years experience

Ivan is responsible for credit research within the foreign bank and domestic insurance sectors.

Kevin Xie, CFA

Kevin Xie, CFA

Credit Research Analyst
7 years experience

Kevin is responsible for credit research within the financial services, REITs, and asset-backed securities sectors.

Joe Morrison

Joe Morrison

Associate Credit Research Analyst
5 years experience

Joe is responsible for credit research within the municipal sector.

Jackson Nelson

Jackson Nelson

Associate Credit Research Analyst
4 years experience

Jackson is responsible for credit research within the municipal sector.