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• Professional Staff
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Professional Staff

Mark Torline
Chief Executive Officer

Mark is the Chief Executive Officer of the firm. He began his career in the financial services industry in 1981, co-founding Allegiance Capital in 1988. Prior to co-founding Allegiance Capital, Mark worked as a portfolio manager at Govaars and Associates and as a VP at Security Pacific National Bank. He holds an MBA in Finance from Northwestern Kellogg Business School.

William K. Mawhorter
Co-Chief Investment Officer - Rates Strategy

Bill is the CIO-Rates Strategy at Macquarie Allegiance. Bill manages the firm's interest rate strategy and MBS trading decisions. He began his career in the financial services industry in the 1970's, co-founding Allegiance Capital in 1988. Bill has been involved in the Agency MBS sector since the 1970's and has considerable expertise in the valuation, trading and portfolio management of Agency MBS. Prior to co-founding Allegiance Capital, Bill worked as the CIO of Govaars & Associates. Previous to that he was a VP and the western regional manager at Cantor Fitzgerald. He holds a BA in Finance from California State University, Long Beach.

Graham McDevitt
Co-Chief Investment Officer - Credit Strategy

Graham is the CIO-Credit Strategy at Macquarie Allegiance, as well as the Head of Global Strategy for Macquarie's Fixed Income and Currency Division and is responsible for global sector rotation across a number of funds. He has 24 years experience as an economist and global strategist, including 16 years in London. Prior to joining Macquarie Allegiance in 2009 and the Macquarie Group in 2007, he spent eight years in various senior positions at ABN Amro, including Global Head of Interest Rate Strategy, Global Head of Credit Research and more recently Global Head of Financial Market Research, covering interest rates, currencies and credit. In this role he managed a team of 90 research staff in the UK, Europe, the US and Australia. Graham holds a Master of Commerce, major in Economics from the University of New South Wales, in Sydney.

Kevin Lam
Portfolio Manager - Managed Accounts

Kevin is the Portfolio Manager of Managed Accounts, with direct responsibility for the trading, portfolio management and execution of all Managed Account strategies. Kevin began his career in the financial services industry in 1979, joining Macquarie Allegiance in 1995. Prior to his association with Macquarie Allegiance Capital, Kevin was a fixed income specialist at Citicorp. Previous to that he was associated with Kidder Peabody and Morgan Stanley. Kevin is a frequent industry presenter and panelist in regards to Managed Accounts and Unified Managed Account programs. He holds a BA in Economics from Amherst College.

Kurt Phares
Head of Sales

Kurt is the Head of Sales of the firm. He began his career in the financial services industry in 1980, co-founding Allegiance Capital in 1988. Prior to co-founding Allegiance Capital, Kurt worked as a Sr. account manager at Govaars and Associates. Previous to that he was a securities broker at Blunt, Ellis & Loewi as well as at First Mid America. He holds an MBA in Finance from the University of Nebraska.

Ion Dan
Sector Manager - MBS

Ion is the MBS Sector Manager for the firm. Ion began his career in the financial services industry in 2000, joining Macquarie Allegiance in 2001. Prior to his association with Macquarie Allegiance, Ion was a junior options trader on the PCX Exchange. Ion brings a host of technical and analytic abilities to the Agency MBS market, in particular the evaluation and trading of Agency MBS securities. His analytic abilities have been a key to the development of technical and valuation models for MBS securities used by Macquarie Allegiance. He holds a BA in Business Administration and a BS in Economics, both from the University of California, Berkeley.

Duane Hewlett
Sector Manager - CMBS

Duane is the CMBS Sector Manager for the firm. He began his career in the financial services industry in 1987 and has been working in Commercial Real Estate and Commercial Mortgages since 1990. Before joining Macquarie Allegiance in 2008, via a former firm subsidiary, Duane worked for Delaware Investments as a trader and portfolio manager for CMBS and commercial mortgage related securities. Prior to that, he worked for GMAC Commercial Mortgage in commercial real estate asset management as well as CMBS research and surveillance. He holds a Bachelor of Science in Economics from The Wharton School of the University of Pennsylvania.

Damian Deile
Operations Manager

Damian is an Operations Manager with the firm, responsible for the administration, trading and settlement of the range of the firm's products. Damian has been instrumental in the development of programs, platforms and technology to better serve our clients operational needs. He began his career in the financial services industry when he joined the firm in 2001. Prior to his association with Macquarie Allegiance, Damian was a Contract Administrator for Flashcom, Inc. He holds a BA in Liberal Studies from Cal State Fullerton.

Michael Spitler
Product Manager

Michael is a Product Manager with the firm, responsible for much of the day to day oversight in client servicing, sales and product management. In addition, Michael is the editor for various commentaries, research papers and reports. He joined the firm in 2004, having been previously associated with investment advisory firm Hanson McClain. He holds a BS in Business from Sacramento State University and completed part of his undergraduate coursework at the London School of Economics as well as the University of Pittsburg's foreign study programs. Michael is a CFA Level III Candidate.

Vincent Tran
Accounting Manager

Vincent is an Accounting Manager for the firm, responsible for performance reporting, reconciliation, and security setup across the range of the firm's products. Over the course of Vince's tenure with Macquarie Allegiance, he has built technology and programs that provide for the reconciliation of thousands of Managed Accounts and funds. He began his career in the financial services industry in 1999, joining the firm in 2002. Prior to his association with Macquarie Allegiance, Vincent was an Accounting Specialist for PIMCO/State Street IMS-West. He holds a BA in Accounting/Finance from Baylor University and a MBA in Finance from the New York Institute of Technology.