Thomas N. Richmond Jr.

Principal, Managing Director & Portfolio Manager 

In 2001 Wasmer, Schroeder & Company, Inc. (WSC) made a strategic decision to invest in GLC Capital Management, LLC (GLC) where Mr. Richmond was a principal.  GLC consequently changed its name to Wasmer, Schroeder & Company,  LLC and in January 2008 the two firms merged. In his current role with Wasmer, Schroeder & Company, Inc.  Mr. Richmond is Managing Director & Portfolio Manager, co-managing the Firm's taxable strategy.  He is a member of the Firm's Executive, Investment, Credit and Portfolio Management committees.

Mr. Richmond held several senior level positions in the securities industry over his 26 year career.  He was Senior Vice President and Manager of mortgage-backed securities trading for McDonald & Company Securities, Inc., in Cleveland, OH.  From 1992 to 1996, Mr. Richmond served as the co-head of Real Estate Investment Trust (REIT) investment banking, as well as in several other ancillary capacities within McDonald's Structured Finance group.  From 1988 to 1992, Mr. Richmond worked for Paine Webber Inc. in New York as head of its Collateralized Mortgage Obligation (CMO) arbitrage group and was responsible for many aspects of the firm's agency and proprietary CMO issuance businesses.  Prior to that, he served as head of CMO structuring at Salomon Brothers, Inc., which is now Citigroup Global Markets, Inc., after advancing from the firm's Financial Institutions / Quantitative Support group. 

Mr. Richmond holds a BS in Computer Science and an MS in Applied Mathematics from Rensselaer Polytechnic Institute in Troy, New York, where he also minored in Economics and Management.