Portfolio Management
James C. Shircliff, CFA
Chief Investment Officer & Senior Portfolio Manager
Mr. Shircliff serves as Chief Investment Officer for River Road. Additionally, he is Portfolio Manager for River Road’s Small Cap Value and Small-Mid Cap Value Portfolios and Dividend All-Cap Value Portfolios. Prior to co-founding River Road in 2005, Mr. Shircliff served as EVP, Portfolio Manager and Director of Research for SMC Capital Inc. (Commonwealth SMC).
Mr. Shircliff began his career in 1973 as Research Analyst for First Kentucky Trust, where he later served as Director of Research. In 1983, he joined Oppenheimer Management Co. as Special Situations Analyst and, later, Oppenheimer’s Target Fund as Portfolio Manager. In 1986, Mr. Shircliff joined Southeastern Asset Management (Longleaf Funds) as Partner, Portfolio Manager and Director of Research. In 1997, he joined SMC Capital Inc., where he launched River Road’s Small Cap Value and Dividend All-Cap Value Portfolios.
Mr. Shircliff graduated from the University of Louisville with a B.S. in Finance. He earned the Chartered Financial Analyst® designation in 1978 and is a member of the CFA Institute and CFA Society Louisville.
Chief Investment Officer & Senior Portfolio Manager
R. Andrew Beck
President & CEO, Senior Portfolio Manager
Mr. Beck serves as President & Chief Executive Officer for River Road. Additionally, he is Portfolio Manager for River Road’s Small Cap Value, Small-Mid Cap Value, and Focused Absolute Value® Portfolios. Prior to co-founding River Road in 2005, Mr. Beck served as Senior Research Analyst and, later, Senior Vice President and Portfolio Manager for SMC Capital Inc. (Commonwealth SMC).
Mr. Beck earned a B.S. in Finance from the University of Louisville and an M.B.A. from the F.W. Olin School at Babson College.
President & CEO,
Senior Portfolio Manager
Henry W. Sanders III, CFA
Executive Vice President & Senior Portfolio Manager
Mr. Sanders serves as Portfolio Manager for River Road’s Dividend All-Cap Value Portfolios. Prior to co-founding River Road in 2005, Mr. Sanders served as Senior Vice President and Portfolio Manager for Commonwealth Trust Co. (Commonwealth SMC). Additionally, he served as President of Bridges Capital Management and Vice President of PRIMCO Capital Management. Mr. Sanders has also served as an adjunct professor of Finance and Economics at Bellarmine University.
Mr. Sanders holds a B.A. in Business Administration from Bellarmine University and an M.B.A. from the Carroll School of Management at Boston College. He earned the Chartered Financial Analyst® designation in 1992, is a member of the CFA Institute, and is a member and past president of the CFA Society Louisville.
Executive Vice President &
Senior Portfolio Manager
Thomas S. Forsha, CFA
Co-Chief Investment Officer & Portfolio Manager
Mr. Forsha serves as Co-Chief Investment Officer for River Road. Additionally, he is Portfolio Manager for River Road’s Dividend All-Cap Value Portfolios and Focused Absolute Value® Portfolios. Prior to joining River Road in 2005, Mr. Forsha served as Equity Analyst and Portfolio Manager for ABN AMRO Asset Management USA, where he was responsible for management of the North American equity allocation of the firm’s Global High Income Equity Fund.
Mr. Forsha holds a B.S. in Finance from The Ohio State University’s Fisher College of Business and an M.B.A. from The University of Chicago Booth School of Business. He earned the Chartered Financial Analyst® designation in 2002 and is a member of the CFA Institute and CFA Society Louisville.
Co-Chief Investment Officer &
Portfolio Manager
J. Justin Akin
Vice President & Portfolio Manager
Mr. Akin serves as Portfolio Manager for River Road’s Small Cap Value and Small-Mid Cap Value Portfolios. He previously served as Senior Equity Analyst for the firm. Prior to joining River Road in 2005, Mr. Akin worked with the firm’s founders at Commonwealth SMC as Equity Research Analyst for the Small Cap Value and Dividend All-Cap Value Portfolios.
Mr. Akin earned a B.S. in Economics from Centre College. Mr. Akin is a member of the CFA Institute and CFA Society Louisville.
Vice President & Portfolio Manager
Matt W. Moran, CFA
Vice President & Portfolio Manager
Mr. Moran serves as Portfolio Manager of River Road’s Long-Short Equity Portfolio. Prior to joining River Road in 2007, Mr. Moran held various investment positions at Goldman Sachs, Citigroup, and Morningstar.
Mr. Moran graduated summa cum laude from Bradley University with a B.S. in Finance and earned an M.B.A. from The University of Chicago Booth School of Business. He holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and CFA Society Louisville.
Vice President & Portfolio Manager
Daniel R. Johnson, CFA, CPA
Vice President & Portfolio Manager
Mr. Johnson serves as Portfolio Manager for River Road’s Long-Short Equity Portfolio. He previously served as Senior Equity Analyst for the firm. Prior to joining River Road in 2006, Mr. Johnson was a public accountant with PricewaterhouseCoopers.
Mr. Johnson graduated from the University of Kentucky with a B.S. in Accounting and a Masters of Accountancy. He became a Certified Public Accountant in 2005. Mr. Johnson earned the Chartered Financial Analyst® designation in 2010 and is a member of the CFA Institute and CFA Society Louisville.
Vice President & Portfolio Manager
Wenjun (William) Yang, CFA
Vice President & Portfolio Manager
Mr. Yang serves as Portfolio Manager for River Road’s International Equity ADR Strategy. Mr. Yang has more than 15 years of investment industry experience. Prior to joining River Road in 2016, he served as Senior Portfolio Manager at Boston Private Wealth LLC. Additionally, he served as Manager of the investment banking division and Equity Research Analyst in the securities research division at Shenyin & Wanguo Securities Co. Ltd.
Mr. Yang holds a B.S. in Engineering from Shanghai Jiao Tong University, an M.S. in Economics from Shanghai Institute of Foreign Trade, and an M.B.A. from Texas Christian University. He earned the Chartered Financial Analyst® designation in 2004.
Vice President & Portfolio Manager
Andrew R. McIntosh, CFA
Associate Portfolio Manager
Mr. McIntosh serves as Associate Portfolio Manager for River Road’s Dividend All-Cap Value Portfolios. In this capacity, he continues to maintain select analyst responsibilities. Prior to joining River Road in 2011, Mr. McIntosh served as Structured Finance Analyst on a portfolio of subprime and second lien securities at AEGON USA Investment Management LLC.
Mr. McIntosh graduated from the University of Iowa with a B.B.A. in Finance. He earned the Chartered Financial Analyst® designation in 2006, is a member of the CFA Institute, and is a member and past president of the CFA Society Louisville.
Associate Portfolio Manager
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Research
J. Alex Brown
Director of Research
Mr. Brown serves as Director of Research. In this role, he is responsible for managing and enhancing the research efforts of the firm’s investment team. Prior to joining River Road in 2010, Mr. Brown served at Wachovia Capital Markets Consumer & Retail Investment Banking group, where he worked across a range of corporate and financial sponsor clients. Mr. Brown began his career in the United States Air Force, where he served as a Captain.
Mr. Brown graduated as a Distinguished Graduate from the United States Air Force Academy with a B.S. in Operations Research and earned an M.B.A. from Harvard Business School.
Director of Research
Ashley L. Abney, CPA
Senior Equity Research Analyst
Ms. Abney serves as Senior Equity Research Analyst and is the liaison between the firm’s research team and the portfolio managers of the Focused Absolute Value® Strategies. Ms. Abney joined River Road as Operations Coordinator in 2006, with responsibilities in trading, compliance, finance, and data management. She joined the investment team in 2009 as Associate Equity Research Analyst prior to the promotion to her current role in 2017.
Ms. Abney earned a B.S. in Economics from Centre College. She became a Certified Public Accountant in 2008 and is a member of the Kentucky Society of CPAs.
Senior Equity Research Analyst
Jeffrey B. Hoskins, CFA
Senior Equity Research Analyst
Mr. Hoskins serves as Senior Equity Research Analyst. Prior to joining River Road in 2013, he worked at BMO Capital Markets where his research covered the Media/Entertainment and Gaming industries. Mr. Hoskins has more than 20 years of investment research experience, which includes various positions at The Seidler Cos. Inc. and SunTrust Equitable Securities.
Mr. Hoskins graduated from Vanderbilt University with a B.A. in United States History and an M.B.A. with concentrations in Finance and Accounting. He earned the Chartered Financial Analyst® designation in 2000 and is a member of the CFA Institute. Additionally, he is a member of the CFA Society Louisville and a past member of its board of directors.
Senior Equity Research Analyst
Todd D. Mayberry, CFA
Equity Research Analyst
Mr. Mayberry serves as Equity Research Analyst. Prior to joining River Road in 2014, he worked as Senior Associate for PNC’s corporate bank with underwriting and relationship management responsibilities.
Mr. Mayberry graduated from the University of Cincinnati with a B.B.A. in Finance. He earned the Chartered Financial Analyst® designation in 2015 and is a member of the CFA Institute and CFA Society Louisville.
Equity Research Analyst
James W. Kapfhammer Jr., CFA
Equity Research Analyst
Mr. Kapfhammer serves as Equity Research Analyst. Prior to his promotion to the investment team in 2016, he served in client service, research, and portfolio support functions. Mr. Kapfhammer joined River Road in 2011.
Mr. Kapfhammer graduated from the University of Louisville with a B.S.B.A. in Finance. He earned the Chartered Financial Analyst® designation in 2015 and is a member of the CFA Institute and CFA Society Louisville.
Equity Research Analyst
Matthew J. Wyatt
Associate Equity Research Analyst
Mr. Wyatt serves as Associate Equity Research Analyst. Prior to joining River Road in 2017, he worked as an associate within the equity research group at Avondale Partners and as Associate at LandFund Partners, a boutique private equity firm.
Mr. Wyatt graduated from Belmont University with a B.B.A. in Finance. He has passed Level I of the CFA program.
Associate Equity Research Analyst
Allen F. Harris
Associate Equity Research Analyst
Mr. Harris serves as Associate Equity Research Analyst. Prior to joining River Road in 2018, he worked as a research associate at RFG Advisory supporting the sourcing of new managers and the portfolio construction process.
Mr. Harris graduated from Yale University with a B.A. in Economics. He has passed all three levels of the CFA program.
Associate Equity Research Analyst
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Investment Support
Brett T. Leary
Research Coordinator
Mr. Leary serves as Research Coordinator. In this role, he works with River Road’s investment team to support reporting, special projects, and process enhancements. Mr. Leary joined River Road in 2017.
Mr. Leary graduated from the University of Louisville with a B.S.B.A. in Finance and a B.S. in Economics. He has passed Level I of the CFA program.
Research Coordinator