AAM Announces New Chief Compliance Officer and Director of Operations

Chicago, IL, Release: January 14, 2020. For Immediate Release.

Asset Allocation and Management (AAM) is pleased to announce the promotion of Chelsea Klassa to Chief Compliance Officer and Jeffrey Martinkus to Director of Operations. Chelsea and Jeff’s respective promotions serve to replace AAM’s former Chief Compliance and Operations Officer Mark Steiger due to his recent retirement.

As AAM’s new Chief Compliance Officer, Chelsea Klassa will be responsible for leading the process of implementing portfolio compliance processes, conducting annual and bi-annual compliance testing, as well as overseeing performance reporting and compliance review of outgoing materials. Chelsea has been with AAM since May 2018 as the firm’s Compliance Analyst, and she has made a notable impact to the firm’s regulatory processes during her time.

Chelsea was previously a Derivatives Compliance Analyst at Jackson National Asset Management and a Financial Analyst at Michigan Gaming Control Board. She obtained her BA in Finance and a Minor in Economics from Loyola University Chicago.

“Chelsea has shown great diligence and organization in her work at AAM,” stated Chief Executive Officer John Schaefer. “Her dedication to regulatory details and policies ensures the best level of firm-wide operations and overall service to our clients. We are all excited for Chelsea’s impact in her new role at the firm.”

Jeff Martinkus will be responsible for spearheading AAM’s efforts to streamline information systems operations for its insurance clients. In addition, Jeff will be in charge of information technology, investment management data integrity, and operations automation. Jeff has served AAM since April 2005 as both a Vice President and AAM’s Investment Systems Project Manager. 

Immediately prior to his time at AAM, Jeff was the Assistant Vice President and Applications Manager, supporting the Mutual Funds Investment Accounting Group at Zurich Scudder Investments. He attended DePaul University, earning a BS in Computer Science.

“Jeff continues to provide a wealth of expertise in operational planning, firm-wide data management, and information technology advancement,” remarked Chief Financial Officer Joseph Borgmann. “He will be a great asset in helping us continue to bring value and support to our employees, clients, and partners.”

Related Articles