Portfolio Management
R. Andrew Beck
Chief Executive Officer & Senior Portfolio Manager
Mr. Beck serves as Chief Executive Officer for River Road. Additionally, he is a portfolio manager for River Road’s Small Cap Value, Small-Mid Cap Value, and Mid Cap Value Portfolios and a supervising portfolio manager for the firm’s Focused Absolute Value® Portfolios. Mr. Beck is the largest individual shareholder in the firm and serves as Chair of the Executive Committee, River Road’s governing body. 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.
Chief Executive Officer &
Senior Portfolio Manager
Henry W. Sanders III, CFA
Executive Vice President & Senior Portfolio Manager
Mr. Sanders serves as a portfolio manager for River Road’s Dividend All-Cap Value Portfolio. Mr. Sanders holds equity in the firm and serves as a voting member of the Executive Committee, River Road’s governing body. 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
James C. Shircliff, CFA
Senior Portfolio Manager
Mr. Shircliff serves as a portfolio manager for River Road’s Small Cap Value and Small-Mid Cap Value Portfolios. He previously served as the firm’s Chief Investment Officer and a portfolio manager for the firm’s Dividend All-Cap Value Portfolio. Mr. Shircliff holds equity in the firm. 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 has more than 45 years of investment experience, including portfolio management positions at Oppenheimer Management Co. and Southeastern Asset Management (Longleaf Funds).
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.
Senior Portfolio Manager
Thomas S. Forsha, CFA
Co-Chief Investment Officer & Senior Portfolio Manager
Mr. Forsha serves as Co-Chief Investment Officer for River Road. Additionally, he is a portfolio manager for River Road’s Dividend All-Cap Value Portfolio. He previously served as a supervising portfolio manager for the firm’s Focused Absolute Value® Portfolios. Mr. Forsha holds equity in the firm and serves as a non-voting member of the Executive Committee, River Road’s governing body. 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 &
Senior Portfolio Manager
J. Justin Akin
Vice President & Senior Portfolio Manager
Mr. Akin serves as a portfolio manager for River Road’s Small Cap Value and Small-Mid Cap Value Portfolios. Mr. Akin holds equity in 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 & Senior Portfolio Manager
Matt W. Moran, CFA
Vice President & Portfolio Manager
Mr. Moran serves as a portfolio manager of River Road’s Mid Cap Value and Large Cap Value Select Portfolios. Mr. Moran holds equity in the firm. 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 a portfolio manager for River Road’s Mid Cap Value and Large Cap Value Select Portfolios. He previously served as Senior Equity Analyst for River Road. Mr. Johnson holds equity in the firm and serves as a non-voting member of the Executive Committee, River Road’s governing body. 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 a portfolio manager for River Road’s International Value Equity and International Value Equity ADR Portfolios. 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’s Neeley School of Business. He earned the Chartered Financial Analyst® designation in 2004 and is a member of the CFA Institute and CFA Society Louisville.
Vice President & Portfolio Manager
Andrew R. McIntosh, CFA
Portfolio Manager
Mr. McIntosh serves as a portfolio manager for River Road’s Dividend All-Cap Value Portfolio. Mr. McIntosh holds equity in the firm. 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.
Portfolio Manager–
Ashley L. Abney, CPA
Associate Portfolio Manager, Derived Strategies
Ms. Abney serves as Associate Portfolio Manager, Derived Strategies. She serves as the primary individual responsible for operational and trading activities related to the management of the Focused Absolute Value® Strategies and works closely with the supervising portfolio managers in developing and managing client communications. In this capacity, she continues to maintain select analyst responsibilities and serve as analyst support for other firm strategies. Prior to her promotion to the investment team in 2009, Ms. Abney held responsibilities in trading, compliance, finance, and data management. She joined River Road in 2006. Ms. Abney holds equity in the firm.
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.
Associate Portfolio Manager, Derived Strategies
Jeffrey B. Hoskins, CFA
Director of Research & Associate Portfolio Manager
Mr. Hoskins serves as Director of Research for River Road. In this role, he focuses on developing the analyst team and further enhancing the quality, consistency, standards, and overall effectiveness of the firm’s research efforts. Additionally, he is an associate portfolio manager for River Road’s International Value Equity and International Value Equity ADR Portfolios. In this capacity, he continues to maintain select analyst responsibilities and serve as analyst support for other firm strategies. Mr. Hoskins previously served as Senior ESG Specialist and continues to lead the firm’s ESG research and principles implementation efforts.
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.
Director of Research & Associate Portfolio Manager
Todd D. Mayberry, CFA
Associate Portfolio Manager
Mr. Mayberry serves as an associate portfolio manager for River Road’s Small Cap Value and Small-Mid Cap Value Portfolios. In this capacity, he continues to maintain select analyst responsibilities and serve as analyst support for other firm strategies. Mr. Mayberry holds equity in the firm. 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.
Associate Portfolio Manager
Research
J. Alex Brown
Chief Investment Officer
Mr. Brown serves as Chief Investment Officer. Additionally, he is a supervising portfolio manager for River Road’s Focused Absolute Value® Portfolios. Mr. Brown holds equity in the firm and serves as a non-voting member of the Executive Committee, River Road’s governing body. 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.
Chief Investment Officer
James W. Kapfhammer Jr., CFA
Senior Equity Research Analyst
Mr. Kapfhammer serves as Senior 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.
Senior Equity Research Analyst
Allen F. Harris
Equity Research Analyst
Mr. Harris serves as 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.
Equity Research Analyst–
E. Anthony Jahollari, CFA
Equity Research Analyst
Mr. Jahollari serves as Equity Research Analyst. Prior to joining River Road in 2021, he founded a value-based investment partnership, Pine Creek Capital, where he served as Managing Member and Equity Research Analyst. Additionally, he worked at Bank of America Merrill Lynch across its global wealth management, trust trading, and mutual fund platforms.
Mr. Jahollari graduated from the University of Florida with a B.S.B.A. in Finance and earned an M.B.A. from the University of Virginia. He earned the Chartered Financial Analyst® designation in 2019 and is a member of the CFA Institute and CFA Society Louisville.
Equity Research Analyst
Swati Ananda
Equity Research Analyst
Ms. Ananda serves as Equity Research Analyst. Prior to joining River Road in 2022, she served as an equity analyst covering global equites at Aoris Investment Management and an equity analyst covering Australian equities at CLSA. Prior to CLSA, Ms. Ananda served as an investment associate in real estate securitized debt and distressed debt at Ocwen Asset Management.
Ms. Ananda graduated with a B.C. in Actuarial Studies and Finance from the University of New South Wales and earned an M.B.A. from the Indian School of Business in India.
Equity Research Analyst– & Equity Research Analyst
Brett T. Leary
Associate Equity Research Analyst & Senior Specialist, Investment Data Systems
Mr. Leary serves as Associate Equity Research Analyst. Additionally, he serves as Senior Specialist, Investment Data Systems, operating as a subject matter expert on the firm’s investment data systems infrastructure. Mr. Leary joined River Road in 2017 and was promoted to the investment team in 2021.
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.
Associate Equity Research Analyst & Senior Specialist, Investment Data Systems– & Senior Specialist, Investment Data Systems
Investment Support
Kevin J. Mingus
Research Coordinator (Portfolio Analysis)
Mr. Mingus serves as Research Coordinator (Portfolio Analysis). In this role, he works with River Road’s investment team to support reporting, special projects, and process enhancements. Mr. Mingus joined River Road in 2021.
Mr. Mingus graduated from The Ohio State University with a B.S. in Finance. He has passed Level II of the CFA program.
Research Coordinator (Portfolio Analysis)
Glory O. Adebayo
Research Coordinator (Portfolio Analysis)
Mr. Adebayo serves as Research Coordinator (Portfolio Analysis). In this role, he works with River Road’s investment team to support reporting, special projects, and process enhancements. Prior to joining River Road in 2022, Mr. Adebayo served as a graduate teaching assistant in the Department of Computer Science & Engineering at the University of Louisville. Additionally, his prior work included a variety of university-level research and cross-industry experiences in handling, reporting, and analyzing large datasets.
Mr. Adebayo graduated with a B.S. in Computer Science from Covenant University in Nigeria and an M.S. in Computing: Information Engineering from Robert Gordon University in Scotland. Additionally, he is a Ph.D. candidate in Computer Science & Engineering at the University of Louisville.
Research Coordinator (Portfolio Analysis)