David H. Smith, CFA

Dave is a managing director at Marquette and leads the firm’s healthcare practice area.

David H. Smith is a managing director for Marquette Associates and serves on the firm’s executive committee. An owner of the firm, Dave has been with the company since 2009 and has 27 years of investment experience. He leads the healthcare practice area at Marquette and is a member of the nonprofit services group. Dave serves as the lead investment consultant on several key client relationships.

Prior to joining Marquette, Dave was a vice president of investor relations at Northern Trust Asset Management where he was responsible for servicing large institutional investors. He began his career at the Chicago Mercantile Exchange with a Eurodollar derivatives trading firm.

Dave holds a B.S. in business administration from the University of Richmond and an M.B.A. in finance from the University of Chicago’s Booth School of Business.

Dave is a CFA® charterholder and previously served on the board of directors of CFA Society Chicago. He is a member of the Economic Club of Chicago.

Kweku Obed, CFA, CAIA

Kweku chairs the firm’s defined contribution services committee and serves on Marquette’s board of directors.

Kweku Obed is a managing director for Marquette Associates and serves on the firm’s board of directors. An owner of the firm, Kweku has been with the company since 2014 and has 25 years of investment experience. Kweku chairs the firm’s defined contribution services committee and serves as the primary consultant on several client relationships.

Kweku joined the firm from Mercer Investment Consulting, where he served as a principal and senior investment consultant in their Chicago office. His responsibilities included working with defined benefit and defined contribution clients on asset allocation, performance measurement and analysis, investment manager search, and investment policy development. Prior to Mercer, Kweku worked at Merrill Lynch Investment Managers (now part of BlackRock) as an assistant vice president in their tax-exempt fixed income research group.

Kweku holds a B.S. with honors in economics from Queen Mary College, University of London, and an M.S. in development economics from SOAS, University of London. He is a recipient of the Bernard Corry Prize in Economics. Kweku is a CFA® charterholder and holds the Chartered Alternative Investment Analyst designation. He is the author of The Stranded Fish: Decision-Making Through the Lens of a Fiduciary, and has previously contributed to the official CAIA textbook, CAIA Level I: An Introduction to Core Topics in Alternative Investments, Second Edition. Additionally, he has authored the children’s books Talking About the ABCs of Financial Literacy and Talking About the ABCs of Financial Responsibility. He has contributed two chapters on asset allocation and defined contribution plans to the IFEPB’s Trustee Handbook and he is a frequent speaker at industry conferences.

Kweku is a member of the Pension Benefit Guaranty Corporation Advisory Committee as appointed by the President of the United States. He serves on the board of the National Association of Securities Professionals (NASP) and the board of directors for the CFA Society of Chicago and Working in the Schools (“WITS”). He is a member of the Economic Club of Chicago.

 

 

 

Greg Leonberger, FSA, EA, MAAA, FCA

Marquette’s Director of Research, Greg is a fully credentialed actuary and has over 20 years of investment experience.

Greg Leonberger is the director of research and a managing partner for Marquette Associates. An owner of the firm, Greg has been with the company since 2008 and has 25 years of investment experience. He leads the firm’s capital markets research and directs investment strategies and policies. He chairs the firm’s investment committee and also serves on the OCIO and defined contribution committees and the nonprofit services group. He has authored numerous papers on portfolio strategy, asset allocation, and liability driven investing, and regularly consults with clients on these topics.

Prior to joining Marquette, Greg was an actuarial consultant at Hewitt Associates for nine years where he consulted on all aspects of pension and postretirement welfare plans, including funding, accounting, strategy, design, and regulatory compliance.

Greg holds a B.S. in mathematics and economics from the University of Notre Dame and an M.B.A. with honors in analytic finance from the University of Chicago Booth School of Business. Greg is a Fellow of the Society of Actuaries, an enrolled actuary, a member of the American Academy of Actuaries, and a Fellow of the Conference of Consulting Actuaries.

Glenn E. Ross

Glenn E. Ross serves as a partner for Marquette Associates and has over 40 years of investment experience. He joined the company in 2013 through the merger with Archstone Portfolio Solutions, which he co-founded in 2006, and served as the primary investment consultant for several key client relationships before retiring from day-to-day responsibilities in 2023. Glenn remains a shareholder and resource to Marquette’s client service teams and committees.

Glenn is the co-author of How to Select Investment Managers & Evaluate Performance: A Guide for Pension Funds, Endowments, Foundations, and Trusts, Wiley & Sons, 2007. Prior to forming Archstone Portfolio Solutions, he served as a principal and investment consultant for Asset Strategy Consultants of Hunt Valley, Maryland. Previously, Glenn was the senior vice president of institutional investment services and a quantitative portfolio manager for Mercantile Bankshares. He also served as the director of quantitative services for Brown Investment Advisory & Trust Company. Glenn earned his B.S. in finance from Towson University and was the recipient of the College of Business and Economics Dean’s Recognition Award as part of the Alumni of the Year Awards in 1998. He also holds an M.B.A. in finance from Loyola University Maryland.

Glenn is a member of the Maryland chapter of the Healthcare Financial Management Association (HFMA). He formerly served the Towson University College of Business and Economics as a board member, a finance department advisory board member, and an adjunct professor of finance. He is the founder and former chair of the Spending Affordability Committee for Harford County, Maryland — where he retired as a member in 2022 — and is president emeritus of the Albert P. Close Foundation board of directors. Glenn is also a former trustee and past treasurer of the Harford Day School and a former board member of the Upper Chesapeake Health System Foundation. He is a member of the Society of Quantitative Analysts and an active volunteer at the Perry Point VA Medical Center in Cecil County, Maryland.

Stephanie Osten

Stephanie Osten is a principal for Marquette Associates and has 14 years of investment experience. She joined Marquette in 2014 and serves as the primary investment consultant on several client relationships. Stephanie is a member of the firm’s defined contribution services committee and nonprofit services group.

Prior to joining Marquette, Stephanie was an investment management analyst for BMO Private Bank.

Stephanie holds a B.A. in political economy from Georgetown University and an M.B.A. from the University of Chicago Booth School of Business. Stephanie is an associate board member of Easter Seals of Metropolitan Chicago and a member of Women Investment Professionals, Chicago.

Mike Spychalski, CAIA

Mike Spychalski is a vice president for Marquette Associates and has 21 years of investment experience. He joined Marquette in 2006 and serves as the primary investment consultant on several client relationships. He is a member of the firm’s traditional investment manager search committee.

Prior to joining Marquette, Mike was a portfolio administrator in the Private Client Services division of Bear Stearns.

Mike holds a B.S. in economics from DePaul University. He holds the Chartered Alternative Investment Analyst designation and is a member of the CAIA Association®.