David Komberec, CFA

Experience

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  BMO Harris Bank/M&I Marshall & Ilsley Bank

  Apr 2001 - Sept 2003

  Treasury Officer

  Executed and reported the funding and derivative position along with liquidity risks of M&I Corporation and subsidiary banks to the Corporate Liabilities Manager.Managed a $10BN wholesale funding portfolio and served as head of the funding desk team.Performed analysis of capital market funding opportunities, initiated programs to reduce marginal funding costs, and disseminated interest rate data for bank lending base.Implemented and rolled out derivative strategies for balance sheet management and securities cash flow hedging, including interest rate swaps, option embedded debt instruments, and interest rate futures.Produced comprehensive monthly report on corporate and bank funding positions. Show less

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  BMO Harris Bank

  Sept 2003 - Jan 2015

  Served in dual role as lead portfolio manager of the BMO Employee Benefit Stable Principal Fund and Co-manager of the BMO Mortgage Income Fund. Performed relative value analyses for funds and managed investing, sales and contract negotiations. Prospected and met with clients and formulated investment strategies. Indirectly oversaw over 20 staff in all sectors of the department to collaboratively structure fund.Managed structured product sleeves for the Short Term Income Fund (MSINX), Short-Intermediate Bond Fund (MAIBX), Mortgage Income Fund (MGIIX), and Aggregate Bond Fund (MRAIX), all rated between 4 and 5 by Morningstar during tenure.Utilized stress testing, loan level analysis, and cash flow structuring to provide relative value trade recommendations within the structured products space to fund managers of all taxable fixed income strategies. Show less Designed and formulated strategies to provide investor returns in excess of a designated benchmark while working within various investment mandates. Served as analyst for the short duration strategies within the Marshall Funds comprised of Prime Money Market (MAIXX), Government Money Market (MGNXX), and Short Term Income Fund (MSINX).Managed a $9.2BN securities lending portfolio with asset composition of 50% corporate and 50% ABS/MBS/CMBS.Oversaw 24 large corporate and taxable municipal accounts with a total of $600MM in assets, managing against various benchmarks employing a variety of investment policies.Served as securitized products credit analyst and trader for ABCP, ABS, CMBS, and RMBS.Implemented use of interest rate futures to construct derivative overlays on investment portfolios to change duration profile without having to sell underlying securities. Show less

  • Senior Portfolio Manager

    Mar 2007 - Jan 2015

  • Fixed Income Analyst

    Sept 2003 - Mar 2007
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  Taplin, Canida, and Habacht L.L.C.

  Sept 2013 - Jan 2015

  Portfolio Manager/Analyst

  Manage the BMO Employee Benefit Stable Principal Fund, a $1.75BN multi-sector bond fund with a guaranteed investment contract (GIC) overlay with over $7MM in annual revenue, serving as lead manager from 2007 to present. Compile and present stable value initiatives to internal distribution channels, current and prospective clients, consultants, and wrap insurance providers. Execute all duration, sector, and quality investment decisions. Manage stable value wrap providers and structure of wrap contracts. Serve as corporate REIT sector analyst.Repositioned BMO Employee Benefit Stable Principal Fund during financial crisis, outperforming the peer group for over 40 months straight.Produced above average peer group returns while working within a restrictive set of investment guidelines.Communicated investment ideas in the securitized products space, contributing to the firm increasing agency MBS book from $800MM to $1.2BN.Grew assets 30% since 2007, comprehensively managing turn around process including internal corporate challenges, client retention, and prospecting/building confidence in the product from external wrap providers.Achieved above average performance versus the Heuler peer group for the past 1, 3, and 5 years.Manage the BMO Mortgage Income Fund, a mortgage fund (MGIIX) with over $135MM in assets, serving as co-manager from January 2012 through present and senior analyst from March 2007 to January 2012. Charged with overseeing relative value and basis trades expressed in cash securities, long/short mortgage TBAs, and long/short interest rate futures contracts.Rated 4 out of 5 stars by Morningstar as one of several BMO funds contributing to the 2012 Lipper Award for best fixed income manager with under $40BN of AUM for the previous three years.Developed proprietary agency MBS market model, encapsulating market to identify relative value from an agency guarantor, coupon stack, tenor, specified pool, and cross-sector basis. Show less

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  Federal Home Loan Bank of Cincinnati

  Jan 2015 - now

  Mortgage Portfolio Officer

  Responsible for the market risk profile of a 100+BN balance sheet. Lead team responsible for investing, trading, funding, and hedging the $22+BN mortgage backed securities (MBS) and residential whole loan portfolios. Utilize proprietary relative value methodology to identify attractive investment opportunities within the residential and commercial mortgage backed securities markets. Develop and implement capital markets funding strategies to hedge interest rate and cash flow risks embedded in the portfolio using both debt issuance and interest rate derivatives. Effectively hedge interest rate risk associated with a mortgage origination pipeline. Show less

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  American Family Mutual Insurance Company S.I.

  May 2017 - now

  Director Fixed Income