1919 Investment Counsel
One South Street, 25th Floor, Suite 2500
Baltimore, MD 21202
Chief Executive Officer, President
Harry entered the Financial Services Industry in 1985 and has held senior positions at JP Morgan, US Trust Company and Tiedemann Trust Company. He has also served as President of O’Mealia Outdoor Advertising Company, a family business, as President of Black River Media, a publishing venture and as an Associate in the corporate department of Lowenstein Sandler LLP.
Over the past number of years, Harry has participated in panels or has been a source for articles on Mergers and Acquisitions in the RIA space, the Distinction between the Investment Profession and the Investment Business, Tension Between Growth and Profitability, Family Businesses and Comparison of Wealth Management Business Models. Harry is a Board member of the New Jersey Community Foundation and Chairs its Finance, Audit and Investment Committees. He is a member of the Bars of the State of New Jersey and the U.S. Supreme Court. Harry also currently serves on the Finance Committee for the Borough of Mantoloking and the Business Advisory Council for Boston College Law School. He is also a past Board member of the Baltimore Urban Debate League, The Maryland Science Center, NJN, New Jersey’s public television and radio network, the New Jersey Trust for Public Land, the New Jersey Symphony Orchestra and Morristown Memorial Hospital. Harry received his B.A. from the University of Pennsylvania in English and History, his J.D. from Boston College Law School and his M.B.A. in Finance from Columbia University.
Meredith A. Mowen
Managing Director, Portfolio Manager
Meredith (“Merrie”) is a Managing Director and Portfolio Manager at 1919 Investment Counsel and the Director of the firm’s Baltimore, MD office. She has more than 30 years of experience in financial services, working with individuals, families, foundations, endowments and institutional clients with complex financial needs. Her primary responsibility is managing investment portfolio construction and monitoring her clients’ investments. Merrie is a member of the firm’s Executive Committee responsible for developing and leading the firm’s strategic vision. In addition, she Chairs the Global Equity Committee and serves on the Asset Allocation Committee. Prior to joining Legg Mason Trust (a predecessor of 1919 Investment Counsel), she was a Vice President and Portfolio Manager at Mercantile-Safe Deposit & Trust Company, now PNC. Merrie entered the financial services industry in 1986.
Merrie serves as the Board Chair of the National Aquarium Foundation and is a member of the Board of Trustees for Stevenson University.
Merrie received her B.S. degrees from Springfield College and Villa Julie College (now Stevenson University) and her M.B.A. from Johns Hopkins University - Carey Business School. She is a member of the Chartered Financial Analyst (CFA) Institute and the Baltimore Security Analysts Society. In her free time she enjoys travel, art and music festivals, and gardening.
Margaret M. Pasquarella
Chief Financial Officer & Director of Human Resources
Peggy is Chief Financial Officer & Director of Human Resources at 1919 Investment Counsel. She is responsible for managing the firm’s accounting and budgeting activities and financial and regulatory reporting, as well as overseeing the firm's human resources programs. Additionally, she serves as the primary liaison with Stifel Financial Corp.’s Finance and Human Resources Departments.
Peggy entered the Financial Services Industry when she joined Legg Mason, Inc. in 1989. From 2001 to 2004, Peggy was a Director of Institutional Asset Management, performing financial management and other duties for senior management of Institutional Asset Management. From 1999 to 2001, she served as Manager of Compensation in the Finance department, overseeing the administration of the firm’s compensation plans. From 1998 to 1999, she was Controller of Legg Mason Realty Capital, Inc. where she was responsible for the administration and financial reporting for real estate limited partnerships. Prior to joining Legg Mason, she was an auditor for Coopers & Lybrand in Baltimore.
Peggy holds a B.S. degree from Loyola University in Maryland and is a certified public accountant.
Brian P. Gallagher
Managing Director, Chief Administrative Officer
Brian is the Chief Administrative Officer and a Managing Director at 1919 Investment Counsel, LLC. He oversees the implementation of all facets of the firm’s strategic plan. Prior to this, Brian served as the firm’s Director of Investment Systems and Operations. In that role, he had oversight of the day-to-day investment operations, maintenance of client accounts as well as 1919 Investments Counsel’s technology infrastructure. He served in that role since joining the firm in 2008.
Previously, he was Vice President with Legg Mason, Inc. where he oversaw investment systems for Legg Mason Capital Management. Prior to this, Brian served on a number of portfolio management, portfolio accounting and trading system implementations for a variety of Legg Mason affiliates. Before joining Legg Mason, Brian worked at Olsen Research Associates where he implemented asset/liability management software for regional banks and credit unions.
Brian holds a B.S. degree in Finance and Information Systems from Elizabethtown College.
R. Scott Pierce, CFA
Managing Director, Head of Fixed Income, Portfolio Manager
Scott is a Managing Director at 1919 Investment Counsel, LLC and the Head of Fixed Income. As a Portfolio Manager, his primary responsibility is overseeing portfolio construction and ongoing monitoring of portfolios for individuals, families, foundations, endowments and institutional clients. In addition, Scott manages the 1919 Maryland Tax-Free Income Fund.
Scott entered the Financial Services Industry in 1992. Prior to joining the firm in 1994, Scott spent two years at T. Rowe Price Associates.
Scott received his B.A. from Washington & Lee University and is a CFA charterholder. He is a member of the CFA Institute, CFA Society of Baltimore and the Municipal Bond Club of Baltimore.
Philip J. Yakim
Managing Director, Head of Trading
Phil is the Head of Trading and a Managing Director at 1919 Investment Counsel, LLC. He oversees all aspects of trade execution and settlement and works closely with our Compliance team on all related reporting and record-keeping related to trading. Prior to his current responsibilities as Head of Trading, Phil spent one year as a Portfolio Administrator and seven years as a Municipal Bond Trader for the firm's fixed income portfolios. Additionally, Phil spent three years in Legg Mason's Operations group as a supervisor of the Dividend Department. Phil is a member of the Investment Policy, Fixed Income, Vendor Management, and Liquidity Risk Management Committees. Phil earned a B.A. in Finance from the University of Baltimore and his M.S. in Finance from Loyola College.
Ryan “Chip” Bailey, CMT
Principal, Senior Equity Trader
Chip joined 1919 Investment Counsel in 2005 and is a Principal, Senior Equity Trader. His expertise includes trading equities, options, ETF’s and preferred securities. He also specializes in technical analysis which is the study of market action through the use of charts to forecast future price trends.
Chip started in the financial services industry in 1988. Prior to joining 1919IC, he was at Mercantile-Safe Deposit and Trust Company for 11 years trading equity and equity-related securities and municipal bond securities.
Chip earned his B.A. from Washington College. Chip is a Chartered Market Technician (CMT), administered by the Market Technicians Association. He has been active in the Mid-Atlantic Security Traders Association since 1995, serving as President in 2004.
Managing Director, Equity Research Analyst
Shaya is a Managing Director at 1919 Investment Counsel, LLC. His primary responsibility is as an Equity Research Analyst covering the following industries: energy and materials. In addition, he supports portfolio managers as they construct and manage client portfolios. Shaya participates in investment and equity strategy committee meetings.
Shaya entered the Financial Services Industry in 2003. He joined Legg Mason Investment Counsel (a predecessor firm) in 2006. Previously he was a CPA in public practice and an associate analyst in the equity research department at T. Rowe Price.
Shaya volunteers with several local community organizations and serves as a board member of BJSZ, a congregation in Northwest Baltimore serving over 300 local families.
Shaya holds an M.B.A. in Finance from Johns Hopkins University as well as a Bachelors and Masters in Talmudic Law from Ner Israel. He is a state of Maryland Certified Public Accountant (inactive).
Christopher Delpi, CFA
Managing Director, Equity Research Analyst
Christopher is a Managing Director at 1919 Investment Counsel, LLC. His primary responsibility is as an Equity Research Analyst covering the Healthcare Sector. Christopher has over 20 years of experience as a Research Analyst with 18 of those years following the Healthcare Sector. Prior to joining the firm, Christopher was a Partner at Philadelphia International Advisors from 2002-2015 where he was The Director of Research and a Research Analyst. Prior to Philadelphia International Advisors, he was a Vice President with The Glenmede Trust Company, following both the Healthcare and Consumer Staples Sectors. Christopher has also held positions at Mercantile Bank & Trust and M&T Bank
Christopher is a CFA charterholder and received an M.B.A. with a concentration in Finance from Loyola University. He also earned a B.S. in Business Administration with a concentration in Finance, minors in Economics and Psychology, from Towson University/College of Charleston.
Aimee M. Eudy
Managing Director, Portfolio Manager
Aimee is a Managing Director at 1919 Investment Counsel, LLC. As a Portfolio Manager, her primary responsibility is to oversee portfolio construction and ongoing monitoring for a number of private and institutional clients. She is also responsible for corporate credit analysis in the taxable fixed income market for the institutional separate account portfolios and is the co-manager of the 1919 Socially Responsive Balanced Fund mutual fund. Aimee is a member of the Fixed Income Committee, Global Total Return Committee and the Socially Responsive Investing Working Group.
Aimee entered the Financial Services Industry in 1989. Prior to joining the firm in 2003, Aimee applied her knowledge and skills at Lazard Asset Management in New York, Moody’s Investors Service and Prudential Financial.
Aimee graduated from the University of Maryland with a B.A. in Economics, and obtained her M.B.A. from Loyola University Maryland. She is a member of the CFA Institute and the Baltimore Society of Securities Analysts.
Jeffrey W. Eveleth, CMT
Vice President, Senior Trader
Jeff joined 1919 Investment Counsel in 2007. He specializes in trading Equities, Options, ETF’s. Prior to his current responsibilities, Jeff was responsible for settling all trades executed by the trading desk. Previously he was an Operations Analyst at Morgan Stanley for nearly two years. Jeff earned a BA in Economics from the University of Pennsylvania. Jeff is a Chartered Market Technician (CMT), administered by the Market Technicians Association. He is a member of the Mid-Atlantic Security Traders Association.
Robert J. Fisher
Principal, Municipal Credit Analyst
Robert is a Principal at 1919 Investment Counsel, LLC. His primary responsibility is as the Municipal Credit Analyst for the firm’s separately managed municipal fixed income portfolios as well as the municipal credit research on the 1919 Maryland Tax-Free Income Fund. He also provides analysis and expertise through special research projects related to the Municipal Finance Industry and is a member of the Fixed Income Committee.
Robert entered the Financial Services Industry in 1998. He began his career as an analyst for local government bonds at Moody’s Investors Service and later was an assistant Vice President at Dexia Credit Local’s New York branch in their public finance division. Prior to joining the firm, he was a Vice President at Citigroup in their Global Credit Center – Municipals group.
Robert is active in fundraising and event planning efforts for the Blind Industries and Services of Maryland (BISM) a non-profit corporation located in Baltimore that offers rehabilitation programs, employment opportunities, and services for blind and low vision people. He also serves as Vice President of Municipal Bond Club of Baltimore. Rob serves as a member on the Board of Governors for the Anneslie Community Association and Editor of the Anneslie Times here in Baltimore.
Robert earned his B.A. from Albion College (Michigan) and M.S. from the New School University’s Milano School of International Affairs, Management and Urban Policy located in New York.
Matthew C. Gramil
Vice President, Fixed Income Trader
Matt is a Fixed Income Trader at 1919 Investment Counsel, LLC, where his primary responsibilities include trading fixed income securities for the firm's mutual funds, institutional, and separately managed accounts. He entered the financial services industry in 1998. Prior to joining the firm, he worked in the Retail & Retirement Client Services Group at Legg Mason. He joined the firm in 2001 as a Portfolio Administrator for fixed income portfolios and began trading in 2005. Matt graduated from Towson University with a B.S. in Finance and obtained his M.B.A with a concentration in Finance from Loyola University in Maryland. In addition, he is a member of the Municipal Bond Club of Baltimore.
Thomas W. Krygowski, PhD, CFA
Managing Director, Equity Research Analyst
Tom is a Managing Director at 1919 Investment Counsel, LLC. His primary responsibility is as an Equity Research Analyst covering the Information Technology sector including semiconductors, communications equipment, storage, handsets and related industries.
Tom joined the firm in 2006 after working six years at a closed-end mutual fund in New York City. Before that, Tom was a scientist at Sandia National Laboratories working on silicon micromachining technology.
Tom earned a B.S. in Physics, an M.S. in Electrical Engineering from Rensselaer Polytechnic Institute, and a PhD in Electrical Engineering from the Georgia Institute of Technology.
He is the recipient of four US Patents, one for developing a novel Solar Cell processing technology and three in the field of Micro Electro Mechanical Systems (MEMS). Tom has authored over 22 technical publications in the semiconductor field related to MEMS, Solar Energy, and Compound Semiconductors. He also has taught technical short courses, presented original research and consulted in various technical fields. He is a member of the Institute of Electrical and Electronics Engineers (IEEE) and is a CFA charterholder.
Dessie Locher, CFA
Managing Director, Portfolio Manager
Dessie is a Managing Director at 1919 Investment Counsel, LLC with over 17 years of financial services industry experience. She oversees the Global Growth ADR strategy and is a member of the Asset Allocation and Third Party Committees and on the advisory board for the Disruptive Innovation Strategy.
Dessie entered the Financial Services Industry in 2001. She joined Legg Mason Investment Counsel (a predecessor firm) in 2011. Previous to joining the firm, she was an Associate Analyst at AshmoreEMM LLC providing fundamental analysis for companies in Russia, South Africa and Central and Eastern Europe.
Dessie earned B.S. in Finance from Slippery Rock University in 2001. Dessie is a CFA charterholder. She is a member of the CFA Institute and the CFA Society of Baltimore.
Michael McAndrew, CFA
Vice President, Portfolio Manager
Mike McAndrew is a Portfolio Manager at 1919 Investment Counsel, LLC, where his primary responsibility is to work on portfolio construction and ongoing monitoring of portfolios. In addition, he is a member of the Third Party Committee and on the advisory board for the Disruptive Innovation Strategy.
Mike entered the Financial Services industry in 2012. Prior to joining the firm in 2014, Mike was a trade support analyst at Morgan Stanley responsible for settlements and forecasting liquidity needs.
Mike is a graduate of the University of Delaware’s Lerner College of Business where he earned a B.S. in Finance & Economics. He is a CFA charterholder, a member of the CFA Institute, and a member of the CFA Society of Baltimore.
Vice President, Sr. Financial Analyst
Jean Piotrowski is Assistant Vice President and Senior Financial Analyst at 1919 Investment Counsel. Her responsibilities include performing monthly close procedures for the firm’s financials, completing general ledger account reconciliations, preparing management reports, and calculating and processing quarterly sales incentives. Jean is also responsible for the accounting, treasury, payroll and accounts payable functions for one of the firm’s largest clients, including handling the annual compilation and 1099 process with a third party accounting firm for that client.
Jean entered the Financial Services Industry when she joined Legg Mason, Inc. in 2001 in the corporate finance department. She was hired in the compensation department as the firm’s commission analyst and was later promoted to Senior Accountant and Financial Analyst where she was responsible for coordination and consolidation of the monthly financials for five of the firm’s subsidiaries.
Jean holds a B.S. degree from the University of Maryland, College Park.
Matthew P. Robinson, CTFA®
Principal, Senior Client Advisor
Matt is a Principal at 1919 Investment Counsel, LLC. His primary responsibility is as a Senior Client Advisor with the Client Advisory Group, overseeing the account management and trust administration of high-net-worth relationships.
Matt entered the financial services industry in 1994 as a Trust Associate at Pennsylvania National Bank. He joined Legg Mason Trust (a predecessor firm) in 1996.
Matt is a member of the Baltimore Estate Planning Council and the Baltimore Council on Foreign Affairs.
Matt earned a B.A. in Finance from The Pennsylvania State University. Additionally, he is a graduate of Cannon Financial Institute’s Trust School and Cannon’s Personal Trust Graduate School. Matt is a Certified Trust Financial Advisor.
Eric G. Thompson, CFA
Managing Director, Equity Research Analyst
Eric is a Managing Director at 1919 Investment Counsel, LLC. His primary responsibility is as an Equity Research Analyst covering the Industrial and Utility Sectors. Eric has over 16 years of experience as a Research Analyst with 15 of those years following the Industrial Sector. Prior to joining the firm, Eric was a Senior Equity Analyst covering Industrial and Healthcare companies at Wilmington Trust Investment Advisors. Prior to this, he was an Associate Analyst with Legg Mason.
Eric is a CFA charterholder and received an M.B.A. from Cornell University’s Johnson Graduate School of Management. He earned a B.S. in Finance from Towson University.
Credit Research Analyst
Eric is a Credit Research Analyst at 1919 Investment Counsel, LLC, where his primary responsibility is taxable credit research analysis for the firm’s separately managed taxable institutional and individual fixed income portfolios. He is also a member of the Fixed Income Committee.
Eric entered the Financial Services industry in 2013. Prior to joining 1919 in 2022, Eric was at T. Rowe Price, where he spent 5 years as a Fixed Income Investment Liaison working with their Core, Core+, IG Core, Inflation Indexed and Treasury strategies. Before then, he worked for 3 years at Morgan Stanley as a Business Analyst on the Shared Services and Banking Operations Team and an Associate for the Fund Administrative Services, Prime Brokerage and Fund Services groups.
Eric is a graduate of Loyola University Maryland, where he received a B.B.A. in Business Economics and B.A. minor in History. He also played all 4 years on the D1 lacrosse team. In 2020, he earned his M.B.A. from the University of Virginia Darden School of Business.
Lauren Webb, CFA
Principal, Portfolio Manager
Lauren is a Portfolio Manager at 1919 Investment Counsel, LLC, supporting both municipal and corporate fixed income strategies. She also assists in maintaining client relationships and portfolio management.
Lauren entered the Financial Services Industry in 2008. Prior to joining the firm in 2012, Lauren was a Senior Associate in KPMG’s Structured Finance Group focusing on analyzing mortgage-backed securities and their payment structures.
Lauren is a graduate of the University of Maryland Robert H. Smith School of Business where she earned a B.S. in Finance and is a CFA charterholder. She is on the Third Party Committee, a member of the Fixed Income Committee, the CFA Institute, the CFA Society of Baltimore and the Municipal Bond Club of Baltimore.