Robert J. Delany will become PFM Group’s chief financial officer and managing director in the financial adviser’s Philadelphia headquarters, according to a statement from the company.
Delany was previously the CFO of Sciens Capital Management LLC in New York, PFM said today in the statement. Earlier, he was chief operating officer for Europe at American Financial Realty Trust/European Financial Realty.
“Orchestrating and funding PFM’s strategic growth involves many complex and demanding tasks, and we sought an executive with broad experience in many areas of finance,” John H. Bonow, PFM’s chief executive officer, said in the statement. “Rob is such a professional and we are eager to work with him.”
PFM Group is the parent of Public Financial Management, the largest investment adviser in the U.S. municipal bond market. The unit was ranked first in proceeds and number of deals among advisers in 2011 by Thomson Reuters. The unit worked on 757 transactions involving $39.6 billion last year, according to Thomson Reuters.
Delany lives in Maple Glen, Pennsylvania.