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2023 Board of Finance Investments Report
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2023 Board of Finance Investments Report
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Investment & Administrative Officers <br />Paul W. Gifford, Jr., CFA, Senior Vice President and Chief Investment Officer <br />Paul leads the investment’s strategy for our clients. He has 35 years of investment management experience. <br />Prior to joining 1st Source in April 2000, he worked for Bremer Trust, N.A. in St. Cloud, Minnesota. He has <br />worked in sales, portfolio management, and product development in investments since 1989. Paul serves the <br />community with organizations such as the CFA Institute, Christ the King Lutheran Church, and the South <br />Bend Medical Foundation. Paul received his B.S. in Finance (magna cum laude) from the University of <br />Minnesota in Mankato, Minnesota. <br />office: (574) 235-2751 <br />mobile: (574) 274-2246 <br />Giffordp@1stsource.com <br />Erik Clapsaddle, CFA, CFP® Vice President and Senior Fixed Income Portfolio Manager <br />Erik joined 1st Source in 2015 after working with Comerica in Detroit as a Senior Fixed Income Analyst & <br />Strategist for seven years, and prior as a Closely-Held Investment Analyst for two years. He worked as a <br />manager of fixed income analytics and worked closely with the capital markets and investment banking <br />businesses. His work has focused on credit analytics, valuation, interest rate strategies, and macro-strategy. <br />Erik has developed and implemented tailored portfolio asset allocation strategies, which were focused on <br />fixed income, for a wide array of clients with a large range of financial instruments. <br />He earned a B.S. in Marketing with Minors in Finance and Music Industry from York College of <br />Pennsylvania.office: (574) 235-2754 <br />mobile: (248) 808-4281 <br />Clapsaddlee@1stsource.com
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