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Martin Cassell, CFA

Chief Financial Officer, Chair of the Board

Martin Cassell is the Chief Financial Officer and Chair of the Board at Chandler Asset Management and is a principal of the firm. After being CEO for 18 years Martin has changed his role to usher in the next generation of leadership. He will remain part of Chandler’s executive team as CFO, corporate advisor, a member of the firm’s Executive Committee as well as Chair of the Board.

As CFO, Martin is responsible for the firm’s finances and manages the Employee Stock Ownership Plan. He is focused on building and sustaining the financial health of the firm and providing thought leadership and mentoring to the Executive Team. Martin designed the proprietary quantitative models that drive our investment process, establishing duration, structure, and asset allocation throughout client portfolios and continues working with our Chief Investment Officers to continually improve client portfolio outcomes.

Martin joined Chandler in 1991 from the City of San Diego where he managed a $1 billion fixed income portfolio. He began his investment career in 1987 managing portfolios at World Savings and Loan. Martin received his B.S. in Finance from California State University, Hayward. He is a member of the CFA Society of San Diego and holds the designation of Chartered Financial Analyst.

*Please see the disclosure page for additional details on professional designations held by our team.

Nicole

Nicole Dragoo, JD, IACCP

Chief Executive Officer

Nicole Dragoo is the Chief Executive Officer at Chandler Asset Management. Nicole joined the firm in December 2001 in an operations role. Over her tenure, she has been a core driver in cultivating the culture that makes Chandler unique and has led the expansion of the operations, compliance, legal and administrative functions as the firm has grown. From 2008 to 2021, she served in the roles of Chief Operating and Chief Compliance Officer and as President from 2021-2022.

As CEO, she leads the Executive committee, provides oversight of all aspects of the firm and is responsible for the firm’s strategy, culture and administration of resources. She is passionate about cultivating a culture of shared success by building a diverse and talented team of people dedicated to being stewards of the assets and communities entrusted to us.

Nicole started her investment career with Merrill Lynch on the institutional fixed income sales desk. Nicole earned her B.A. from the University of San Diego in business economics and her J.D. from the University of San Diego School of Law. She is a member of the State Bar of California, the American Bar Association, the San Diego County Bar Association, and the Southern California Compliance Group. Additionally, Nicole holds the designation of Investment Adviser Certified Compliance Professional (IACCP).

*Please see the disclosure page for additional details on professional designations held by our team.

Kay

Kay Chandler, CFA

Founder

Kay Chandler is the Founder of Chandler Asset Management. As a member of the Executive Committee she is focused on the strategic direction of the firm. Recognized for her expertise, she is frequently asked to speak on topics such as investment policy, portfolio management, and the risk characteristics of fixed income securities.

Kay served as the Investment Officer for the County of San Diego from 1975 until 1983 and then in the same position for the City of San Diego from 1983 until 1985. As a Managing Director at Pacific Century Advisers from 1985 until 1988, she managed over $1 billion in fixed-income assets for institutional investors. Kay is a co-author of The California Public Fund Investment Primer, commissioned by the California State Treasurer and published in 2005.

Kay received her B.A. from Oberlin College in 1970, and attended graduate school at San Diego State University. She is a member of the CFA Society of San Diego and holds the designation of Chartered Financial Analyst.  Kay is a member of the Board of Governors of the San Diego Foundation and serves as a member of the Foundation’s Investment Committee.

*Please see the disclosure page for additional details on professional designations held by our team.

Jeff Armstrong

Jeffrey Armstrong

Board of Director

Jeffrey Armstrong is a Board Member at Chandler and partners with Senior Management on strategic planning initiatives. Jeffrey is a retired Water Resources Manager with over thirty-two years’ experience. He serves on the Board of Directors for the Eastern Municipal Water District and Executive Committee Board for the CalDESAL.

Jeffrey was previously a General Manager at the Rancho California Water District (RCWD) where he was responsible for the district’s strategic plan development and implementation, financial planning and achieving the district’s vision and mission. Jeffrey served as a Finance Committee Member at Association of California Water Agencies (ACWA) for four years.

Jeffrey earned his Bachelor’s Degree in Business from California State University Long Beach. In addition, he received his M.B.A. from University of Redlands.

Martin Cassell is the Chief Financial Officer and Chair of the Board at Chandler Asset Management and is a principal of the firm. After being CEO for 18 years Martin has changed his role to usher in the next generation of leadership. He will remain part of Chandler’s executive team as CFO, corporate advisor, a member of the firm’s Executive Committee as well as Chair of the Board.

As CFO, Martin is responsible for the firm’s finances and manages the Employee Stock Ownership Plan. He is focused on building and sustaining the financial health of the firm and providing thought leadership and mentoring to the Executive Team. Martin designed the proprietary quantitative models that drive our investment process, establishing duration, structure, and asset allocation throughout client portfolios and continues working with our Chief Investment Officers to continually improve client portfolio outcomes.

Martin joined Chandler in 1991 from the City of San Diego where he managed a $1 billion fixed income portfolio. He began his investment career in 1987 managing portfolios at World Savings and Loan. Martin received his B.S. in Finance from California State University, Hayward. He is a member of the CFA Society of San Diego and holds the designation of Chartered Financial Analyst.

*Please see the disclosure page for additional details on professional designations held by our team.

Nicole Dragoo is the Chief Executive Officer at Chandler Asset Management. Nicole joined the firm in December 2001 in an operations role. Over her tenure, she has been a core driver in cultivating the culture that makes Chandler unique and has led the expansion of the operations, compliance, legal and administrative functions as the firm has grown. From 2008 to 2021, she served in the roles of Chief Operating and Chief Compliance Officer and as President from 2021-2022.

As CEO, she leads the Executive committee, provides oversight of all aspects of the firm and is responsible for the firm’s strategy, culture and administration of resources. She is passionate about cultivating a culture of shared success by building a diverse and talented team of people dedicated to being stewards of the assets and communities entrusted to us.

Nicole started her investment career with Merrill Lynch on the institutional fixed income sales desk. Nicole earned her B.A. from the University of San Diego in business economics and her J.D. from the University of San Diego School of Law. She is a member of the State Bar of California, the American Bar Association, the San Diego County Bar Association, and the Southern California Compliance Group. Additionally, Nicole holds the designation of Investment Adviser Certified Compliance Professional (IACCP).

*Please see the disclosure page for additional details on professional designations held by our team.

Kay Chandler is the Founder of Chandler Asset Management. As a member of the Executive Committee she is focused on the strategic direction of the firm. Recognized for her expertise, she is frequently asked to speak on topics such as investment policy, portfolio management, and the risk characteristics of fixed income securities.

Kay served as the Investment Officer for the County of San Diego from 1975 until 1983 and then in the same position for the City of San Diego from 1983 until 1985. As a Managing Director at Pacific Century Advisers from 1985 until 1988, she managed over $1 billion in fixed-income assets for institutional investors. Kay is a co-author of The California Public Fund Investment Primer, commissioned by the California State Treasurer and published in 2005.

Kay received her B.A. from Oberlin College in 1970, and attended graduate school at San Diego State University. She is a member of the CFA Society of San Diego and holds the designation of Chartered Financial Analyst.  Kay is a member of the Board of Governors of the San Diego Foundation and serves as a member of the Foundation’s Investment Committee.

*Please see the disclosure page for additional details on professional designations held by our team.

Jeffrey Armstrong is a Board Member at Chandler and partners with Senior Management on strategic planning initiatives. Jeffrey is a retired Water Resources Manager with over thirty-two years’ experience. He serves on the Board of Directors for the Eastern Municipal Water District and Executive Committee Board for the CalDESAL.

Jeffrey was previously a General Manager at the Rancho California Water District (RCWD) where he was responsible for the district’s strategic plan development and implementation, financial planning and achieving the district’s vision and mission. Jeffrey served as a Finance Committee Member at Association of California Water Agencies (ACWA) for four years.

Jeffrey earned his Bachelor’s Degree in Business from California State University Long Beach. In addition, he received his M.B.A. from University of Redlands.

Antoinette 2

Antoinette Chandler

Board of Director

Antoinette Chandler is an accomplished Risk Management and Public Finance leader who partners with the senior leadership and assists with strategic planning. Antoinette is the Chief Financial Officer at the Port of Portland where she oversees the accounting, capital finance and debt management, budget, financial planning and analysis, audit, and risk functions at the Port. She has more than 20 years of banking and investment experience in both the private and public sector.

Prior to joining the Port, Antoinette served for nearly three years as an Assistant Treasurer for the County of Los Angeles where was responsible for managing the Public Finance, Investments and Deferred Income Plans Branch. Antoinette held roles with County of San Diego Treasurer and Tax Collector’s Office as a Chief Deputy Treasurer managing the Treasury, Accounting, and Investment Divisions, which included County’s $10 billion fixed income investment portfolio. Prior to the County of San Diego, she also worked as a Senior Vice President for both Morgan Stanley and Bank of America, managing multiple investment portfolios domestically for middle-market institutions, foundations and endowments, and large family offices. 

Antoinette received her B.B.A in Finance and Financial Management Services from San Diego State University in 1988, and attended graduate school at the University of California, Los Angeles. Antoinette has received the AFP designation as a Certified Treasury Professional (CTP) and Certified Investment Management Analyst (CIMA).

*Please see the disclosure page for additional details on professional designations held by our team.

Diane 2

Diane Dewbrey

Board of Director

Diane Dewbrey is an experienced Board Member, Board Chair, and CEO of public/private companies. Diane’s strong strategic mindset, her agility and adaptability have made her an effective leader. She is a Board Member at Chandler and partners with senior management on strategic planning. Diane also serves on the board of MBIA, Inc. (NYSE: MBI) (Audit, Finance, & Compensation). Previously, Diane served as the Nom/Gov Chair for Barrett Business Services, Inc. (NASDAQ: BBSI) and was a member of the Risk Committee. Additionally, she was the Board Advisor to Organic Valley Co-op where she assisted the board with governance, audit, and compensation. Diane previously was the Chair and director of Enventis (NASDAQ: ENVE) until its merger with Consolidated Communications.

Diane was CEO of Foundation Bank in Bellevue, WA after an extensive career with Fifth Third Bank (NASDAQ: FITB) in Cincinnati, OH. She has received numerous accolades for her community service work and currently is the Investment Chair for the YMCA of the USA. Diane earned her bachelor’s degree in Mathematics from Xavier University.

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Jayson Schmitt, CFA

Co-Chief Investment Officer

Jayson Schmitt is a Co-Chief Investment Officer at Chandler Asset Management. In addition to his duties as a Co-CIO, he oversees daily trading. He has been instrumental in the development and integration of quantitative analytic tools for the portfolio management process.

Prior to joining Chandler in 1995, Mr. Schmitt was employed as a Financial Analyst with USA Federal Credit Union in San Diego, managing a $100 million liquidity book. His responsibilities there also included asset/liability management.

Mr. Schmitt earned his B.A. in economics from San Diego State University. He is a member of the CFA Society of San Diego and holds the designation of Chartered Financial Analyst.

*Please see the disclosure page for additional details on professional designations held by our team.

Antoinette Chandler is an accomplished Risk Management and Public Finance leader who partners with the senior leadership and assists with strategic planning. Antoinette is the Chief Financial Officer at the Port of Portland where she oversees the accounting, capital finance and debt management, budget, financial planning and analysis, audit, and risk functions at the Port. She has more than 20 years of banking and investment experience in both the private and public sector.

Prior to joining the Port, Antoinette served for nearly three years as an Assistant Treasurer for the County of Los Angeles where was responsible for managing the Public Finance, Investments and Deferred Income Plans Branch. Antoinette held roles with County of San Diego Treasurer and Tax Collector’s Office as a Chief Deputy Treasurer managing the Treasury, Accounting, and Investment Divisions, which included County’s $10 billion fixed income investment portfolio. Prior to the County of San Diego, she also worked as a Senior Vice President for both Morgan Stanley and Bank of America, managing multiple investment portfolios domestically for middle-market institutions, foundations and endowments, and large family offices. 

Antoinette received her B.B.A in Finance and Financial Management Services from San Diego State University in 1988, and attended graduate school at the University of California, Los Angeles. Antoinette has received the AFP designation as a Certified Treasury Professional (CTP) and Certified Investment Management Analyst (CIMA).

*Please see the disclosure page for additional details on professional designations held by our team.

Diane Dewbrey is an experienced Board Member, Board Chair, and CEO of public/private companies. Diane’s strong strategic mindset, her agility and adaptability have made her an effective leader. She is a Board Member at Chandler and partners with senior management on strategic planning. Diane also serves on the board of MBIA, Inc. (NYSE: MBI) (Audit, Finance, & Compensation). Previously, Diane served as the Nom/Gov Chair for Barrett Business Services, Inc. (NASDAQ: BBSI) and was a member of the Risk Committee. Additionally, she was the Board Advisor to Organic Valley Co-op where she assisted the board with governance, audit, and compensation. Diane previously was the Chair and director of Enventis (NASDAQ: ENVE) until its merger with Consolidated Communications.

Diane was CEO of Foundation Bank in Bellevue, WA after an extensive career with Fifth Third Bank (NASDAQ: FITB) in Cincinnati, OH. She has received numerous accolades for her community service work and currently is the Investment Chair for the YMCA of the USA. Diane earned her bachelor’s degree in Mathematics from Xavier University.

Jayson Schmitt is a Co-Chief Investment Officer at Chandler Asset Management. In addition to his duties as a Co-CIO, he oversees daily trading. He has been instrumental in the development and integration of quantitative analytic tools for the portfolio management process.

Prior to joining Chandler in 1995, Mr. Schmitt was employed as a Financial Analyst with USA Federal Credit Union in San Diego, managing a $100 million liquidity book. His responsibilities there also included asset/liability management.

Mr. Schmitt earned his B.A. in economics from San Diego State University. He is a member of the CFA Society of San Diego and holds the designation of Chartered Financial Analyst.

*Please see the disclosure page for additional details on professional designations held by our team.

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