16Rock Asset Management, a full-service asset manager specializing in U.S. Municipal Bond investment solutions, has announced the appointment of James Pruskowski as its Chief Investment Officer and Head of Business Development. This newly formed entity of 16th Amendment Advisors LLC, an SEC registered investment advisor, aims to build an industry-leading asset management firm specializing in municipal bonds. The appointment of Mr. Pruskowski signals a new phase of growth for the firm, leveraging his decades of experience in asset management to provide innovative investment solutions to institutional and high-net-worth clients worldwide.
Experience and Expertise
Mr. Pruskowski brings a wealth of experience to 16Rock Asset Management. Prior to joining the firm, he served as Managing Director, Head of Institutional & Wealth Management for Municipal Bonds at BlackRock, one of the largest asset management firms globally. During his tenure at BlackRock, he was responsible for leading the firm’s Municipal Bond department, managing the Head Portfolio Manager and serving on the department’s management committee. Mr. Pruskowski was one of the early employees who helped build the firm’s solutions, financial institutions business, and its municipal bond franchise.
Accelerating Growth and Focusing on Innovation
As Chief Investment Officer and Head of Business Development, Mr. Pruskowski will lead the firm in its next phase of growth, building on its history of managing investment funds and separate accounts dedicated to the U.S. municipal market. His expertise in asset management will help accelerate the firm’s growth, focusing on providing global clients with innovative municipal products and investment excellence.
Commenting on Mr. Pruskowski’s appointment, 16Rock’s Chief Executive Officer Jed McCarthy said, “I am thrilled to have James join the firm. He is one of the most respected names in the industry who has worked with clients all around the world to solve some of today’s most complex challenges.” The firm’s President John Lee also expressed his excitement, “James’ expertise in asset management will help accelerate our growth, focusing on providing global clients with innovative municipal products and investment excellence.”
16Rock Asset Management
16Rock Asset Management is an affiliate of 16th Amendment Advisors LLC, an SEC Registered Investment Advisor based in New York. Under the leadership of its founding members, Jed McCarthy and John Lee, 16th Amendment manages the Five Star(1)-rated Vicksburg Municipal Fund, as well as separate accounts for high-net-worth investors.
Building on James’ decades of experience, 16Rock leverages the trading capabilities of 16th Amendment to provide innovative managed account solutions, transition management services, and alternative investments. The firm’s headquarters is located in New York, where Mr. Pruskowski will be based to drive investment strategy and outcome-oriented solutions for institutional and high-net-worth clients worldwide.
Conclusion
The appointment of James Pruskowski as Chief Investment Officer and Head of Business Development at 16Rock Asset Management signifies a new phase of growth for the firm. With his expertise in asset management and years of experience, the firm aims to provide innovative municipal products and investment excellence to institutional and high-net-worth clients worldwide. This appointment is a testament to the firm’s commitment to delivering exceptional investment solutions to its clients, building on its history of managing investment funds and separate accounts dedicated to the U.S. municipal market.
Damon an avid economist Charles is an expert on global politics and economic pressures that can affect market conditions. He has a Masters Degree in Economics from Westminster University with previous roles including Investment Banking. Mark has over 10 years experience in the financial services industry giving him a vast understanding of how news affects the financial markets. He is an active day trader spending the majority of his time analyzing earnings reports and watching commodities and derivatives. Damon reports timely updates about Technology sector.