Spiro Hountalas Joins PFM in Chicago as Senior Managing Consultant

Spiro Hountalas has joined PFM’s Chicago office as a Senior Managing Consultant in the asset management business. His main focus (after acquiring the requisite licensing) will be educating government and other public sector finance officers on the benefits of investing in the Illinois Trust (the “Trust”), a Local Government Investment Pool for which PFM serves as Investment Adviser. 

“The experience and institutional knowledge of the individuals at PFM who provide the products have always impressed me, and the company culture appealed to me,” Hountalas said in explaining why he accepted the position. “I also wanted to continue my passion for serving the public sector market, which this new role will allow me to do, so I am excited to be part of this team.”

Hountalas brings a wealth of experience to the role. He spent 15 years as a Business Development/Relationship Manager for Standard & Poor’s (S&P) Global Ratings. There, he helped grow recognition of the S&P brand name and the benefits of using the S&P bond rating.

Now he will be taking on that same task for PFM, working alongside Senior Managing Consultant Michelle Binns to expand the brand name and discussing the benefits of using the PFM products, starting with the Illinois Trust. PFM’s asset management business also offers longer-term multi-asset class portfolio opportunities that are appropriate for pension funds and Other Post Employment Benefits (OPEB) investment needs. Hountalas will work with those offerings as well. 

In addition to his years at S&P, Hountalas served as a finance official at the Fox Metro Water Reclamation District, Village of Morton Grove, IL and City of Naperville. During his tenure as a public sector finance official, he also served as President of the Illinois Government Finance Officers Association.

Any public government entity in the state may participate in the Illinois Trust. The early focus of the pool was on school districts and park districts. The new emphasis and vast area for growth is on municipalities.

“Spiro was brought on board to assist with our focused growth on cities and villages,” said Jeffrey Schroeder, Managing Director of the Chicago office. “We believe his experience as an Illinois municipal finance director and his work in the private sector make him an ideal representative to explain the benefits of participating in the Trust.”

Hountalas’ experience in working with public sector finance officials translates well for this new role. He says the people responsible for public entities’ investments want choices.

“As a former finance director, I believe it’s all about what additional resources and alternatives are out there. As I started looking into the Illinois Trust I realized many finance officers in the state were not aware of the product. That’s what makes me excited—I get to discuss the additional alternatives to the current choices they have now,” Hountalas said. 

You can reach Spiro Hountalas at hountalass@pfm.com or 312-523-2440.

About PFM

At PFM, over 650 employees - asset managers, financial advisors and consultants - partner with clients in every region of the country to transform their world. We combine superior financial advice, disciplined management and ingenuity to build, power, move and educate.

PFM is the marketing name for a group of affiliated companies providing a range of services. All services are provided through separate agreements with each company. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation.

For more information regarding PFM’s services or entities, please visit www.pfm.com. For important disclosure information please, visit www.pfm.com/disclosures.

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