Naples Trust Company

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Asset Management Committee


The Asset Management Committee meets weekly as part of our disciplined oversight in managing client assets. The committee reviews a broad range of domestic and global economic indicators, as well as, analyzing and updating valuations and ratings of individual securities contained on our master list of holdings. Special attention is paid to the individual nature of each client's expected return rate, risk profile, cash-flow needs, and estate plan requirements.
	S. Albert D. Hanser CEO/Co-Chairman Mr. Hanser has over 45 years experience in the investment and banking industries. He has previously served as Chairman and Chief Executive Officer of Resource Bank and Trust Company, a commercial bank and trust company located in Minneapolis, Minnesota. Mr. Hanser was also a Senior Executive in the Minneapolis based securities and investment firm of Dain Rausher, as Chairman and Chief Executive Officer of USB Merchant Bank, and as a member of more than 30 other public and private corporate, civic, and philanthropic Boards of Directors. Before forming The Sanibel Captiva Trust Company, Mr. Hanser served as Chairman of Hanrow Financial Group, Ltd. Other business interests include his family's 50-plus years ownership interest in the St. Louis Cardinals baseball team. Mr. Hanser holds a Bachelor of Arts degree from Brown University and an Executive Management degree from the University of Pennsylvania's Wharton School of Finance.
	Donald (Chip) A. Lesch Co-Chairman Mr. Lesch served as Chairman of Indiana Federal Bank and Vice Chairman of Pinnacle Banks of Michigan from 1990 to 1997, serving as a member of the investment committee and Chairman of the asset and liability committee. Prior to his banking career, he was founder and managing partner of Gough and Lesch Inc., a leading real estate management, investment, and development company in Indiana. Mr. Lesch has served on more than 25 corporate, civic, and charitable boards. He is a recipient of the prestigious Sagamore of the Wabash, Indiana's highest civic honor. As the Trust Company's Co-Chairman, Mr. Lesch is also the Chairman of the Asset Management Committee, and serves as Chairman of the Investment Committee. He is on the boards of Lee Memorial Health System Foundation, Florida Gulf Coast University, BIG Arts, and the J.N. "Ding" Darling Wildlife Society. Mr. Lesch holds a Bachelor of Arts degree from Indiana University and an MBA degree from the Harvard Business School.
	Richard A. Botthof Vice Chairman Mr. Botthof has an impressive 45-year career in the financial services industry, including his past position as the Regional President of First Union/Wachovia for Southwest Florida. Previously Mr. Botthof was an Organizer, Director, President and CEO of Commerce National Bank which was sold to First Union/Wachovia in 1987. Post retirement Mr. Botthof continued a passion in promoting regional economic diversification assisting in the formation of the Regional Business Alliance of Southwest Florida serving as its Executive Director from 2004 through 2008. He currently serves as director of the Economic Development Foundation and is a member of the Lutgert College of Business’s Advisory Council at Florida Gulf Coast University. Mr. Botthof has an extensive record of community involvement including past directorships in the Naples Philharmonic Center for Performing Arts, The Collier YMCA, Economic Development Council and The Greater Naples Chamber of Commerce. Mr. Botthof attended the University of Florida and has completed numerous post graduate courses in Leadership, Banking, and Business.
	Terence M. Igo President, The Sanibel Captiva Trust Company Mr. Igo has been managing client investment and trust relationships for The Sanibel Captiva Trust Company since the company was founded in 2001. He also serves as a member of the Asset Management Committee. Mr. Igo received his Bachelor of Science in business and economics in 1982 and worked for Pitney Bowes and then Merrill Lynch in Minneapolis-St. Paul until his move to Fort Myers in 1990. Mr. Igo serves as advisor to many area non-profit organizations, helping to increase the awareness of philanthropic giving and estate planning to benefit individuals and their charities. He is currently a board member of the Sanibel Community Association, PURRE Water Coalition (People United to Restore Our Rivers and Estuaries), and a member of the Grants Advisory Committee of the Southwest Florida Community Foundation. Mr. Igo is also member of the President’s Council at Hodges University.
	Adria D. Starkey President, The Naples Trust Company Mrs. Starkey has enjoyed a 25 year career in the financial services industry. Mrs. Starkey served as President of Wachovia Bank, SW Florida Region from 1999 through 2005, and was the Managing Director of Wealth Management at First Union before its merger with Wachovia. She also served as an officer at Northern Trust Bank and Southeast Bank. Other business interests have included real estate development and bank consulting. Mrs. Starkey earned her Bachelor of Science degree from the University of Florida. Mrs. Starkey has been very involved in her community and currently serves in the following organizations: Chairman of the Board of Trustees, Shelter for Abused Women and Children; Trustee and Grant Committee, Naples Children and Education Foundation; and University of Florida Harn Museum National Council. Mrs. Starkey has previously served on the board of the following organizations: The Community School of Naples, Florida Gulf Coast University Foundation, Education Foundation of Collier County, Collier County Economic Development Council (Chairman), and SW Florida Regional Planning Council (Gubernatorial Appointment). In 2008 Mrs. Starkey was awarded the Edison College Leadership in Fostering Education Award.
	Richard E. Pyle, C.F.A. Executive President and Chief Investment Officer Mr. Pyle has, since 2003, overseen the Trust Company’s investment management operations and is a member of the Asset Management Committee. Nearly 40 years of investment research and portfolio management experience has included being Co-founder, Executive Vice President, and Portfolio Manager of Winslow Capital Management, Inc. in Minneapolis from 1992 to 2003. From 1982 to 1992, Mr. Pyle served as Managing Director and Research Analyst at Piper Jaffray in Minneapolis as well as a Director of Piper Ventures. He began his investment management career as a Trust Investment Analyst for U.S. Bank in St. Paul before becoming a Portfolio Manager and Senior Research Analyst for Wells Fargo and American Express Financial Advisors from 1973 to 1982. He is Past President of CFA Minneapolis-St. Paul. Mr. Pyle earned his Bachelor of Arts degree in economics and political science from Macalester College in 1969 and did graduate work in economics at the University of Minnesota. He was awarded a Chartered Financial Analyst designation in 1976. Mr. Pyle has served on boards and committees for several non-profit organizations. He Currently serves as Board Member and Treasurer of the Bailey-Matthews Shell Museum of Sanibel, Ex-Officio Board Member and Treasurer of BIG Arts of Sanibel and a member of the Sanibel General Employees Pension Board.
	Timothy P. Vick Senior Vice President and Senior Portfolio Manager Mr. Vick is considered one of the leading authorities on value investing and the methods of Benjamin Graham and Warren Buffett. He is the author of three investment books, including the bestseller, How to Pick Stocks Like Warren Buffett. In addition to client portfolio management, Mr. Vick is responsible for the Trust Company’s Special Situations product, securities research, and serves as a member of the Asset Management Committee. He also serves as investment advisor to various foundation accounts. Mr. Vick has appeared on CNBC and CNN and has been quoted by The Wall Street Journal, The New York Times, The Los Angeles Times, The Washington Post, Barron’s, and The Chicago Tribune. Mr. Vick holds a master’s degree in management from Purdue University and Bachelor of Arts in history and economics. He previously served as a securities analyst and portfolio manager for buy-side investment firms. Prior to joining the securities industry, he was an award-winning business, government, and investigative journalist in Chicago. Mr Vick has served on several non-profit boards, including the Northwest Indiana Symphony Orchestra, Calumet College of St. Joseph, Tradewinds Rehabilitation Services, Westminster Presbyterian Church, and the Jim and Betty Dye Foundation.
	Craig J. Holston Senior Vice President, Investments Mr. Holston had a decade-long career in institutional equities trading and order execution on Wall Street. Prior to joining The Sanibel Captiva Trust Company, Mr. Holston was an Associate Trader at Deutsche Bank and then JP Morgan, where he managed the execution of client equity orders on the New York Stock Exchange. From his location on the trading floor, he provided valuable insight and market information to senior traders. From 1996 to 1999, Mr. Holston was an assistant trader at Wagner Stott Bear Specialists in New York. He holds a Bachelor of Arts from Temple University and has completed courses in Portfolio Management at New York University. Craig serves on the boards of The Sanibel Police Officers Retirement Trust Fund, The Sanibel School Fund, and Sanibel Youth Soccer. He serves as a member of the Asset Management Committee.
	James M. Young, CFA, CFP Senior Vice President and Senior Portfolio Manager Mr. Young has extensive experience conducting investment research and managing client portfolios for both high net worth families and institutions. Prior to joining the trust company, Mr. Young served in significant capacities for the wealth management divisions of several major international banks and a Naples based private family office. Mr. Young received a Bachelor of Arts degree, with honors, in Economics and Psychology from the University of Pittsburgh. He was awarded the Certified Financial PlannerTM designation in 1986 and became a Chartered Financial AnalystTM charter holder in 1994. He is a past president of CFA Tampa Bay, has been an advisor to several non-profit organizations, currently serves on the Lee Memorial Health System Investment Advisory Council, and remains an active volunteer in USA/ Florida Youth Hockey.
	Donald Jowdy Senior Vice President and Senior Portfolio Manager, Tampa Bay Trust Company Mr. Jowdy joined Tampa Bay Trust Company at its formation in August 2010. He also founded in 1997 and is currently President of Suncoast Equity Management, Inc., an investment management firm serving both individuals and institutions. Prior to that, Mr. Jowdy was a Portfolio Manager with Polen Capital Management of Tampa, Florida. Both Suncoast Equity and Polen Capital, during his tenure, performed in the top 10% of their peer groups, as measured by several industry consultants including Effron/PSN and Nelson's Investment Manager Database. Previously, Mr. Jowdy was an equity analyst with 13D Research, Inc., advising institutional clients through an independent investment research organization providing in-depth analysis of domestic as well as global investment opportunities. Mr. Jowdy was also a Senior Associate with Price Waterhouse Coopers (formerly Coopers & Lybrand). He is a graduate of Indiana University with a Bachelor of Science in accounting and serves on the board of Quantum Leap Farm, a nonprofit Therapeutic & Recreational Horseback Riding Program serving veterans, civilian adults, and kids with mental and physical disabilities.
	Amy A. Lord, CFA Senior Portfolio Manager, Tampa Bay Trust Company Ms. Lord was previously Vice President/Portfolio Manager with Intrepid Capital where she was sole manager of the company’s Large Cap Equity and Investment Grade Fixed Income portfolios. Prior to joining Intrepid in 2001, Ms. Lord was Managing Director, Senior Portfolio Manager of The Investment Counsel Company. During her nine years with the firm, her responsibilities included equity and fixed income portfolio management and analysis; marketing and client servicing; and overseeing GIPS performance compliance. Ms. Lord earned a Bachelor of Science in Advertising, with a minor in Mathematics, from the University of Florida. She is a CFA charter holder and past President of the CFA Society of Orlando, as well as a member of the CFA Institute. Ms. Lord also serves on the board of Family Promise of Greater Orlando, which is a nonprofit organization that helps homeless families achieve lasting independence.