Portfolio Management & Investment Research
Ramsey A. Luhr, President – Founding Partner
Ramsey co-founded Maple Capital Management in 2004. Before this he served as Vice President & Portfolio Manager for NL Capital Management’s Private Client Group. Previously he was an Associate with Concord International Investments in New York, where he helped manage international institutional portfolios. He has also held positions at both Citibank and Smith Barney in New York. Ramsey has a BA in International Relations from Trinity College. He currently serves on the Board of the Vermont Land Trust and is a member of the CFA Society of New York and the CFA Institute.
Steven L. Killoran, Executive Vice President – Partner
Steve joined Maple Capital Management in 2009 after working at Sentinel Investments where he most recently held the position of Vice President—National Accounts. Steve worked in a variety of roles while at Sentinel and his responsibilities included sales and sales management, product development and marketing. Prior to joining Sentinel, Steve designed and implemented pension and profit-sharing platforms for large retirement plans at CitiStreet. Steve has a BA in Political Science from Keene State College.
Richard J. Litchfield, CFA, Senior Vice President & Fixed Income Portfolio Manager – Partner
Rich joined Maple Capital Management in 2019 after working at Opus Investment Management where he most recently held the position of Head of Portfolio Management and Trading. Rich managed a number of insurance general account mandates while at Opus and also focused on macroeconomic analysis, municipal bonds, and risk management. Prior to Opus, Rich was an Analyst with Keystone Investments in Boston, MA. He has a BS in Finance from Boston College and received his MBA from Boston University. Rich is a CFA charterholder and a member of the CFA Society Boston, CFA Society Vermont, and the CFA Institute.
David M. Brownlee, CFA, Senior Vice President & Fixed Income Portfolio Manager
David joined Maple Capital Management in June 2015. Previously, David was a Senior Vice President & Fixed-Income Portfolio Manager at Sentinel Investments since 1993 before retiring in 2014. While at Sentinel, he managed the Sentinel Government Securities Fund, which won the Lipper “Best-In-Category” award in the General U.S. Government Fund bracket for both the 5-year period ended 2006 and the 10-year period ended 2010. He also managed the Sentinel Short Maturity Government Fund and co-managed the Sentinel Total Return Bond, Balanced, and Conservative Strategies Funds during his tenure at Sentinel. Prior to joining Sentinel, David was a Managing Director at Aetna Bond Investors in Hartford, CT; a Portfolio Manager at MetLife State Street in Boston, MA; and a Fixed-Income Sector Manager at Mass Mutual Life in Springfield, MA. David has a BA in both Mathematics and Economics from American International College, where he graduated class valedictorian. David is a CFA charterholder and a member of CFA Institute.
Elizabeth S. H. Lewis, CFA, Senior Vice President – Client Portfolio Manager Team Lead – Partner
Liz joined Maple Capital Management in 2012 after working in the Business Development Group at Equity Services, Inc. (ESI). Her responsibilities there included investment manager due diligence and business development. Prior to joining ESI, Liz worked as an Analyst at John Hancock and as an Associate at Oppenheimer & Co. in Boston. She has a BS in Business Administration from the University of Vermont. Liz is a CFA charterholder and a member and past director of the Vermont CFA Society and a member of the CFA Institute.
Debbie L. Montgomery, CFP, Portfolio Manager
Debbie joined Maple Capital Management in 2016, and works out of our Atlanta, Georgia office. Prior to joining MCM, Debbie was the owner of DM Financial Planning, Inc., where she was an independent CERTIFIED FINANCIAL PLANNER. Debbie began her career at Dean Witter Reynolds, Inc. as a registered representative and has over 27 years of experience in the financial industry. Debbie has a degree in finance from Georgia State University. In 1998, she earned the designation of CERTIFIED FINANCIAL PLANNER from the Certified Financial Planners Board of Standards, Inc.
Tim joined Maple Capital Management in 2017 after working as a Vice President & Portfolio Manager at First National Bank in Camden, Maine. Tim has over 10 years in the investment management industry and has served as a Portfolio Manager at People’s United Bank and as an Investment Officer at Bar Harbor bank & Trust. His responsibilities have included portfolio management for individual and institutional clients, financial planning and business development. Tim received his Bachelor of Science in Business Administration from Northern Vermont University.
Connor F. Duffy, Portfolio Manager
Connor joined Maple Capital Management in 2019 after working as a Vice President and Relationship Manager for Key Private Bank in Burlington, Vermont. Connor relocated to Vermont in 2018 after 7 years in New York City at Morgan Stanley Private Wealth Management. He has also held positions at Ayco and Northeast Investment Management. Connor has a BA in Economics from Boston College and received his MBA from Tulane.
Clayton joined Maple Capital Management in 2020 after working at Stadion Money Management in Athens, GA where he most recently held the position of Portfolio Manager. He was a Portfolio Manager on three mutual funds including the lead PM on a derivatives based absolute return strategy. His duties included research, analysis, performance attribution and trading of equities and derivatives. In addition, Clayton supported and educated clients and financial advisors. Clayton received a BBA in Finance from the University of Georgia and is a CFA charterholder and member of the CFA Institute and the CFA Society of Atlanta.
Gerald C. Milkowski, Senior Vice President & Portfolio Manager
Jerry joined Maple Capital Management in 2004 after working as Senior Vice President & Portfolio Manager at NL Capital Management’s Private Client Group. Jerry has over 35 years of experience in the investment management industry. Prior to joining NL Capital, Jerry was the Senior Investment Officer for the trust division of the New London Trust Company in Hanover, NH. He has also held positions as Portfolio Manager/Trust Officer at the Dartmouth National Bank in Hanover, NH, a Principal at D.A. Davidson, in Montana, and a Vice President at Merrill Lynch in New York. Jerry has a BS in Engineering from the United States Naval Academy and received his MBA from the University of Connecticut.
Fjolla Buza-Sotak, Portfolio Manager Assistant
Fjolla joined Maple Capital Management in 2021 as Portfolio Manager Assistant. Prior to joining MCM, Fjolla was part of the Institutional Onboarding team at Interactive Brokers in Greenwich, CT. At her previous role Fjolla was responsible for managing the client onboarding process and ensuring the long-term success of their institutional clients. Fjolla holds a master’s degree in Economics from the City College of New York, and BA in Economics from Rochester Institute of Technology.
Mike joined Maple Capital Management in 2014 with over a decade of experience as an equity analyst. Previously, Mike was a senior equity research analyst for Prime Executions Research. He also worked as a lead equity analyst at Morningstar covering domestic and international firms in various consumer sectors. Before that he held equity analyst positions at Merrill Lynch and J.P. Morgan. Mike holds a bachelor’s degree in finance and quantitative analysis from the Stern School of Business at New York University.
Hilary joined Maple Capital Management in 2017. Before this, Hilary was Vice President, Equity Analyst and Portfolio Manager of the Sentinel Common Stock Fund at Sentinel Investments. Prior to joining Sentinel in 1998, Hilary was an Equity Analyst for Schroders in New York. She is a CFA charterholder and a member of the CFA Institute. Hilary is a graduate of Cornell University.
Jim joined Maple Capital Management in 2014. Jim has more than 17 years of capital markets experience. Prior to joining MCM, Jim worked in Corporate Treasury for Keurig Dr. Pepper, Inc., where he was responsible for risk management and trade execution for various commodity, interest rate, and foreign exchange exposures. Jim has a BA in Government and Law from Lafayette College. While at Lafayette College, Jim also served as the captain of his Division 1 Track and Field team.
Evan I. Pemberton, CFA, Vice President – Operations & Chief Compliance Officer – Partner
Evan joined Maple Capital Management in 2015 after working for ten years at Rock Point Advisors in Burlington, Vermont where he most recently served as Operations Manager and Chief Compliance Officer. In his time there he focused on SEC compliance, data management, client reporting, portfolio management and systems management. Evan is CFA charterholder and received his Bachelor of Science in Financial Management from the University of Vermont. He is a member of both the CFA Society of Vermont and the CFA Institute.
Cory T. Beard, Operations Manager – Partner
Cory joined Maple Capital in 2015 after spending 8 years at Sentinel Investments where he held roles in investment reporting and operations for their mutual fund and insurance portfolios. Prior to working in investment reporting and operations at Sentinel he worked in their Investor Services Group. Cory has a BA in Government from St. Lawrence University and an MBA from Norwich University.
Richard Bowers, Senior Operations Specialist
Rick joined Maple Capital in 2018 after working at BlackRock’s Investor Services Group in Boston, MA. Rick has been awarded the Investment Foundations certificate by the CFA Institute and he has over 4 years of experience working in the industry where he held his Series 7 and 63. Rick graduated from Colby-Sawyer College with a Bachelor of Science in Business Administration.
Joshua C. Mallery, Client Service Manager
Josh joined Maple Capital in 2012 as an Operations Associate. He now heads the Client Service Team and is in charge of all client service operations. Josh attended Johnson State College where he studied Business Management with a Math and Accounting concentration. In 2016 Josh was awarded the Claritas Investment Certificate by the CFA Institute he also holds his series 65 license.
Kara Simanskas Nihan, Senior Client Service Specialist
Kara joined Maple Capital in 2017 as a part of the Client Service team. Kara attended Castleton University where she earned a BA in Business with a concentration in Marketing and Management. Kara has been awarded the Investment Foundations certificate by the CFA Institute.
Connor Herbruck, Client Service Specialist
Connor originally joined Maple Capital in 2019 as an intern while completing a Business Administration degree at the University of Vermont. Within the Grossman School of Business, he studied a theme of Sustainability while concentrating in Data Analytics. While at the University of Vermont, Connor was inducted into the Beta Gamma Sigma Honors Society for Business and was awarded Outstanding Senior in the Sustainable Business Theme. Connor is now a member of the Client Service Team.
Sara Fox, Client Service Specialist
Sara joined Maple Capital in 2021 as part of the Client Service team. Sara worked at the Sports & Fitness Edge of South Burlington for 12 years, managing member accounts and daily club operations.
Tyler Donohue, Client Service Specialist
Tyler joined Maple Capital Management in 2021. He attended Champlain College where he earned a BA in Finance.