Founder, President, Managing Member (Elizabeth Park Capital Advisors, Ltd.) and Portfolio Manager (Elizabeth Park Capital Master Fund, Ltd.)
Fred built an impressive 17 year career at McDonald Investments/KeyBanc Capital Markets from 1989-2006 as the sell-side firm’s foremost Senior Analyst covering Financial Services. He was also a Senior Analyst for FSI Group, a $150 million hedge fund from March-August 2007 prior to setting up Elizabeth Park. Over the years Fred has been featured in the media including CNBC, The Wall Street Journal, Barron’s for his expertise on matters related to U.S. banks and thrifts.
Fred graduated with a B.A. (Hons) in Economics from Oberlin College (1989).
Senior Analyst (May 2008 – present) covering banks and thrifts.
Michael has over 11 years of experience in equity research. While much of this time has been spent at Elizabeth Park on the buy-side, prior to Elizabeth Park he worked as a sell-side associate analyst covering technology hardware at William Blair from July 2004-February 2007, then steel and metal at KeyBanc Capital Markets from February 2007-May 2008.
Previously, Michael was an associate attached to the Hedge Fund Credit Team at Banc One Capital Markets from September 2003 – July 2004, and as an Investment Analyst with Banc One Private Client Services from January 2002 – September 2003.
Michael has been a CFA Charterholder since 2003, earned a B.A. in Business, from Lake Forest College in 2000, and a M.B.A. with High Honors and concentrations in Finance and Accounting from University of Chicago’s Graduate School of Business in 2006.
Senior Analyst (May 2014 – present) covering banks and thrifts.
David has over 20 year experience in the financial services as a researcher and sell-side analyst.
Previously, David was a Senior Equity Research Analyst responsible for bank and thrifts for Pyramis Global Advisors, June 2006 – October 2009; Credit Suisse Asset Management, January 2004 – June 2006; Senior Research Analyst for Fred Alger, January 2002-January 2004; Head of Research for Invesco, May 2001 – December 2001 and Senior Research Analyst, June 1998 – December 2001.
David graduated with a B.A., in Business, from the University of Michigan (1989) and a M.B.A., University of Pittsburgh (1992).
Senior Analyst (November 2012 – present) covering banks and thrifts.
Tolga has over 20 years of experience covering the financial industry. From June 2010-October 2012 he was a consultant for Elizabeth Park Capital and prior to that he was a portfolio manager for Inflection Capital, which ran a long/short equity financial sector fund and a multi-industry quantitative strategy.
Previously, Tolga was an associate with the M&A Group at AIG. He started out his career at McDonald & Company Securities in 1996 followed by Barclays Capital in the Financial Institutions Group as an associate from 1997- 2000.
Tolga graduated with a B.S. (Cum Laude) in Economics, from The Wharton School, University of Pennsylvania (1996).
Senior Analyst (May 2019 -present) covering banks and thrifts
Gerry has over 25 years of experience covering the financial industry. From April 2003 – May 2019 he was a Senior Analyst at Maltese Capital Management in New York focusing on 50 publicly traded banks with market caps from $100 million to $25 billion.
Previously, he was a Managing Director at Sandler O’Neill Partners LP where he actively followed 20 mid- and large-cap publicly traded banks in the Midwest and Southwest and prior to that, he was a Senior V.P. Equity Research at MacDonald Investments from January 1996 – December 2001. Prior to McDonald Investments, he was a senior research officer at John Hancock Funds, providing research support for two open-end and two closed-end financial services mutual funds. He started out as a Bank Examiner at the Federal Reserve Bank of Boston from January 1991 – December 1995.
Gerry graduated with a M.B.A from Boston University Graduate School of Management (1991) and attained a B.A. in Economics, from Bowdoin College (1986).
COO/CCO (May 2013 – present) covering business and operations.
E.C. has over 22 year financial industry experience at KeyBank and its investment management subsidiary, Victory Capital Management.
E.C. was SPM, Director then CIO for Passive Investments at Victory Capital Management, October 2010 – March 2013 where he led the firm’s transition from an active to passive fixed income manager including integration of new analytics, investment process and a new operating infrastructure with a legacy compliance and trade order entry systems.
Previously, started his career as a Corporate Actions Analyst before moving on to become Trader and AVP in the Treasury Department with KeyBank, July 1991 – May 1998.
E.C. graduated with a B.A., in Business Economics from the College of Wooster (1990).
Controller (January 2016- present) covering business and operations.
Kevin has over 13 years of experience in fund and management company accounting, corporate accounting & analysis and internal controls implementation.
Previously he was Controller for hedge fund firm MPAM Credit Trading Partners, L.P. and prior to that was with The Siegfried Group where he directed business development activities as well as played lead roles on projects for Fortune 500 and hedge fund firms. Kevin started his career in the Audit and Assurance Group at PwC, LLP. He is a CPA and member of the AICPA.
Kevin graduated with a B.A. degree in Accounting, from Loyola University Maryland (2002).
Director of Marketing (July 2014- present) covering business and operations.
Ferenc has over 20 year financial and commodity industry experience, most recently as the COO/CCO for Cranwood Capital Management LLC, a hedge fund engaged in U.S. yield curve arbitrage.
Previously, Ferenc was Senior Research Analyst covering Hedge Fund Research at Lipper (Thomson-Reuters) and Director of Research, Alternative Investments Group for Daiwa Securities America. His career started out at Merrill Lynch trading Euroyen bonds and at Cargill International.
He was a Research Fellow, Program of Alternative Investments, Columbia Graduate School of Business (2005-2006) and has presented to the M.Sc. Finance class at Case Western Reserve University.
He graduated with a B.Sc. (Hons) in Monetary Economics from the London School of Economics, University of London (1986); M.B.A. (Hons.) Banking & Finance and Policy, The Weatherhead School of Business, Case Western Reserve University (2000).