Peggy Pasquarella, the chief financial officer and director of human resources at 1919 Investment Counsel, a registered investment advisor subsidiary of Stifel Financial with $23.9 billion in assets under management, has left the company, according to regulatory filings.
Her duties have been transferred to Faith Mutunga, principal of the Baltimore-headquartered firm, who was brought on last year as director of finance and human resources. Mutunga is responsible for the firm’s accounting and budgeting, and financial and regulatory reporting. She also serves as a liaison with Stifel’s finance department.
Prior to joining 1919, she was a senior finance manager at T. Rowe Price.
Pasquarella and a spokeswoman for Stifel did not return requests for comment prior to publication.
Pasquarella joined 1919’s predecessor firm, Legg Mason, in 1989.
Prior to its acquisition by Stifel in 2014, 1919 Investment Counsel was the old Legg Mason Investment Counsel & Trust Company. The RIA’s roots go back to 1919 when Scudder Stevens & Clark, its predecessor firm, pioneered the investment counsel industry. The firm now has more than 135 team members serving individuals, families, foundations and endowments across the country.
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