Portfolio Management
Chairman, Director,
Portfolio Manager, and Global Strategist
Nicholas Kaiser, Chairman, was born in Bellingham in 1946. Mr. Kaiser graduated from Yale College, with a degree in economics and obtained his MBA from the University of Chicago in 1968, with dual majors in International Economics and Finance. Mr. Kaiser purchased control of Unified Management Corporation (Indianapolis) in 1976, and built it into a mid-sized investment management and brokerage firm. After selling Unified to a major insurance company, he returned to Bellingham and founded Saturna Capital in 1989.
Mr. Kaiser and his children control Saturna Capital through its voting stock. He is Saturna's global investment strategist. He serves Amana Mutual Funds Trust as trustee and president.
Mr. Kaiser's industry activities include service with the Investment Company Institute (past Governor), CFA Institute (past chapter president), Financial Planning Association (past chapter president), and No-Load Mutual Fund Association (past national president). He currently serves on the volunteer boards of Franklin Academy and the Mt. Baker Foundation. He supports a range of non-profit activities, such as the Kaiser Professorship in International Business at Western Washington University. A commercial pilot (retired), ocean sailor, and avid skier, he reads and travels extensively.
Mr. Kaiser was Northwest Business Monthly's Business Person of the Year in 2006, and received Whatcom Business Alliance's Lifetime Achievement Award in 2013.
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Chief Investment Officer
and Portfolio Manager
Scott Klimo, Chief Investment Officer, joined Saturna Capital in May 2012. He received his BA in Asian Studies from Hamilton College in Clinton, NY and also attended the Chinese University of Hong Kong and the Mandarin Training Center in Taipei, Taiwan. Scott has over 30 years experience in the financial industry with the first several years of his career spent living and working in a variety of Asian countries and the past 20 years working as a senior analyst, research director and portfolio manager covering global equities. Mr. Klimo is a Chartered Financial Analyst (CFA) charterholder and an avid cyclist. He is a supporter of various environmental organizations and served for several years on the Board of Directors of the Marin County Bicycle Coalition.
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Executive Vice President
and Portfolio Manager
Monem Salam is Executive Vice President and a Director of Saturna Capital. He received his degrees from the University of Texas: BA (Austin) and MBA (Dallas).
He worked as the Chief Investment Officer for ITG & Associates (Dallas) until 1999; then as a representative with Morgan Stanley (suburban Dallas) until joining Saturna Capital in June 2003. He served as the Director of Islamic Investing and a Deputy Portfolio Manager to the Amana Mutual Funds Trust until moving to Kuala Lumpur in 2012 to oversee Saturna Sdn. Bhd. In 2018, he returned to the United States. He is Portfolio Manager of the Amana Income and Developing World Funds, as well as investment management accounts, and a Deputy Portfolio Manager of Amana Growth Fund.
Monem is Adjunct Professor at IE Business School and speaks at Islamic finance/investment conferences worldwide and he is co-author of A Muslim's Guide to Investing and Personal Finance. Monem has authored chapters on Islamic Investing in both Contemporary Islamic Finance and Islamic Capital Markets and he contributes articles to leading Islamic financial magazines. As a mark of recognition of his achievements in Islamic economy, Monem has been ranked among 500 of the Islamic world's most prominent and influential leaders by ISLAMICA 500 in both 2015 and 2019.
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Senior Investment Analyst
and Portfolio Manager
Bryce Fegley, MS, CFA, CIPM, Senior Investment Analyst & Sextant Global High Income Fund Portfolio Manager, joined Saturna Capital in 2001 and worked in brokerage/trading and later as an investment analyst. Beginning in 2010, he spent two years as President of our Malaysian subsidiary, Saturna Sdn Bhd, directing its research and fund management operations. In 2012 he returned to Saturna Capital headquarters. Prior to joining Saturna, Mr. Fegley worked in brokerage operations in Seattle from 1997-2000. Originally from upstate New York, he studied at the University of Colorado at Boulder earning his BA in English Literature. Mr. Fegley earned an MS in Computational Finance and Risk Management from the University of Washington in December 2017. His volunteer activities include a board role with the Whatcom Family YMCA. His hobbies include reading and playing piano, traveling with his family, bicycling, and cooking.
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Senior Investment Analyst
and Portfolio Manager
Patrick T. Drum, Senior Investment Analyst and Saturna Sustainable Bond and Amana Participation Funds Portfolio Manager joined Saturna Capital in October 2014. He is a former adjunct professor of finance for the Sustainable MBA Program at the Bainbridge Graduate Institute (BGI) currently known as Presidio Graduate School. Mr. Drum holds a BA in economics from Western Washington University and an MBA from Seattle University Albers School of Business. He is a Chartered Financial Analyst (CFA) charterholder and a Certified Financial Planner®.
Prior to joining Saturna Capital, Mr. Drum led environmental, social, and governance (ESG) research and was director of fixed income portfolio management since 2007 with a private account group at UBS Institutional Consulting Services specializing in investment management for global conservation and national wildlife park endowments as well as sustainable-social screened client portfolios. He is a former Chair of the United Nation’s Principles for Investment (UNPRI) Fixed Income Outreach Subcommittee and a current member of the UNPRI's Bondholder Engagement Working Group (BEWG), an advisory committee working to elevate important ESG considerations and best practices among issuers and investors.
Mr. Drum's past experience also includes business valuation at Moss Adams and portfolio management at Washington Mutual Bank. He lives in Bellingham and is a proud father of two. He enjoys sea kayaking, hiking, and being part of the Pacific Northwest community. Mr. Drum is a member of the board of trustees to the Museum of Glass in Tacoma and a member of Rotary.
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Senior Investment Analyst
and Portfolio Manager
Christopher E. Paul, Senior Investment Analyst, joined Saturna Capital in August 2016. He earned an MBA Finance from New York University and a BS Computer Science from Syracuse University. Mr. Paul is a Chartered Financial Analyst® (CFA®) charterholder and Portfolio Manager of the Sextant International and Core Funds. His experience includes research and management positions at asset management firms and investment banks, as well as finance and operations roles at technology companies. Outside of work, Mr. Paul is either reading or outdoors exploring the Pacific Northwest with his family.
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Senior Investment Analyst
and Portfolio Manager
Elizabeth Alm, Senior Investment Analyst, joined Saturna Capital in April of 2018. Originally from Connecticut, she graduated from New York University with degrees in Economics and Anthropology including field work completed in Luxor, Egypt.
Prior to joining Saturna, Ms. Alm spent 11 years at Wells Fargo Asset Management as a senior research analyst focusing on high yield municipal bonds. As part of her previous role, she also worked on the management of several municipal SMA strategies. Ms. Alm is a Chartered Financial Analyst® (CFA®) charterholder.
Outside of work she enjoys mountaineering, photography, and international travel.
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Senior Investment Analyst
and Portfolio Manager
Levi Stewart Zurbrugg CFA®, Senior Investment Analyst, joined Saturna in June 2019. He graduated from Western Washington University with a BA in Business Administration and has an MBA from the University of Washington’s Foster School of Business. Prior to Saturna, Levi worked at the Sustainability Accounting Standards Board as a Sector Analyst for the Consumer Staples sector. He is a Certified Public Accountant and Chartered Financial Analyst (CFA) charterholder. Outside of work, Levi enjoys exploring the outdoors via foot, skis, and bikes with his wife and son.
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Junior Fixed Income Analyst
Pierce McCrerey, Junior Fixed Income Analyst, joined Saturna in June 2021. He graduated from Montana State University in Bozeman with a BS in Business Finance and a minor in Entrepreneurship. Prior to Saturna, he worked in custom home construction and renovation. He is currently a CFA Level II Candidate. Outside of the office, Pierce enjoys skiing, mountain biking, and traveling around the world.
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Senior Investment Analyst
and Portfolio Manager
Dan Kim CFA®, Senior Investment Analyst and Portfolio Manager, joined Saturna in March 2023. Mr. Kim is an experienced investment professional with more than 19 years of experience in managing institutional capital in global equities. Mr. Kim is the portfolio manager of Sextant International Fund. He founded Blackcrane Capital, LLC, a global investment management firm, in 2012. At Blackcrane, he served in multiple functions including as a portfolio manager. Prior to founding Blackcrane, Mr. Kim worked for Mastholm Asset Management, LLC in Seattle as a portfolio manager and director of research, and at Samsung Electronics Co., Ltd. in Seoul, Korea as an investor relations officer.
Mr. Kim obtained his bachelor’s degree from Cornell University, where he studied Operations Research and Industrial Engineering with a concentration in electrical and computer engineering. He then attended Cornell’s Johnson Graduate School of Management, where he earned a master’s degree in Financial Engineering.
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Equity Analyst
Will Jones, Equity Analyst, joined Saturna in September 2023. Prior to Saturna, Will was a multi-asset Portfolio Manager at Verus Investments, with previous roles in risk, also at Verus, and derivatives at Russell Investments. He graduated from Western Washington University with a BA in Financial Economics. Outside of work, Will enjoys reading and running the local Bellingham trails.
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Vice President of Investment Advisory Services
Haitham Al-Sayed MBA, Vice President of Investment Advisory Services, re-joined Saturna Capital in May of 2023. He earned his BA in Social Sciences/Pre-Med at the University of California – Irvine and MBA in International Finance and Management from Thunderbird, School of Global Management. With over 20 years experience in the financial services industry, Mr. Al-Sayed has held several banking and investment roles, including with Saturna Capital, Wells Fargo, TIAA, and Wahed Invest, prior to re-joining Saturna. Mr. Al-Sayed is active with charitable and community activities, including serving as a board member of the Irvine Children's Fund. He is married with two children and enjoys spending time with his family, traveling the globe, and soccer.
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Investment Associate
David Granger, Investment Associate, joined Saturna Capital in April 2021. He is a graduate of Western Washington University, where he received a BA in Economics.
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Assistant Private Accounts Manager
Luke Moore AAMS™, Assistant Private Accounts Manager, joined Saturna Capital in February 2014. He is a graduate of Western Washington University, where he studied Accounting, Finance, and Management Information Systems. In 2023, Mr. Moore earned the Accredited Asset Management Specialist™ designation from the College for Financial Planning. In his spare time, Luke enjoys trips to the gym, sports/athletics, reading, playing chess, and most outdoor activities. His favorite meal of the day is breakfast.
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Vice President of Institutional Sales
Max Kaiser, Vice President of Institutional Sales, joined Saturna Capital in August 2022.
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Vice President of Distribution
Matt Ward, Vice President of Distribution at Saturna Brokerage Services, joined Saturna in April of 2002. Matt graduated from Western Washington University where he studied Business Administration with a concentration in Finance. He is a happily married father of two, and is an avid golfer.
Through Saturna's wide network of broker dealers and intermediaries, Matt handles the distribution of the Saturna Sustainable, Amana, and Sextant Mutual Funds. He manages various wholesale relationships and is Saturna's main point of contact for dealer selling agreements. Matt also provides ongoing support to various investment advisors, in addition to Saturna's sales team, wholesale operations, and transfer agency.
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Investment Product Wholesaler
Gus Grefthen, Investment Product Wholesaler, joined Saturna in 2019. A lifelong resident of the Pacific Northwest, Gus graduated from Western Washington University in 2010 with a degree in Kinesiology. Prior to joining Saturna, Gus was a Financial Adviser with Edward Jones. He enjoys hiking, snowboarding, cycling, camping, and soccer. An avid dog lover, he tries to bring his dog Mishka on every adventure he can.
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Regional Manager
Amjad M. Quadri, Regional Manager, joined the Chicago office of Saturna Capital in June 2015. He brings experience in Islamic banking, including business and product development. Previous employers include Guidance Financial (Chicago) and University Bank (Ann Arbor MI). He has a BS in Information Decision Sciences from the University of Illinois.
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Regional Manager
Hud K Williams, Regional Manager, joined Saturna in June 2021. He has over 20 years of financial services experience, working in a variety of fields from financial systems implementation to Islamic-compliant home finance. His education background includes an undergraduate degree in Economics (Old Dominion University), an MBA with a finance concentration (Georgia Institute of Technology), and he is currently working on a Certificate in Islamic Finance (The International Centre for Education in Islamic Finance, INCEIF, located in Kuala Lumpur, Malaysia). Mr. Williams is married with six children and splits his time between family, work, and the community. He is currently serving on the board of the Atlanta Masjid of Al Islam and Muslim Aid USA relief organization.
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Regional Manager
Ahmad Elmahi, Regional Manager, joined Saturna Capital in November 2022.
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Chief Operations Officer & Director
Chris Fankhauser, Chief Operations Officer, is a 1995 graduate in Political Science from Western Washington University. His adaptability and problem solving skills were developed in travel industry jobs before joining Saturna Capital in December 1996. Starting as a part-time system operator, Mr. Fankhauser is now responsible for the daily operation of investor and brokerage services as well as fund accounting. His favorite leisure activities are running, skiing, cooking and reading.
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Vice President of Operations
Rochelle Wolber, Vice President of Operations, joined Saturna Capital in January 2008. Ms. Wolber graduated in 2002 from Bowling Green State University with a BS in Mathematics. Prior to Saturna, she worked in the social work field helping individuals obtain housing. In her spare time, she enjoys her family, the outdoors, traveling, and serving her community.
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Accounting
Melissa VanderYacht, Accounting, joined Saturna Capital upon graduation in Business and Finance from Western Washington University in April 1996. A Lynden native and college varsity sports team captain, Melissa is currently a full-time mother and works for Saturna part-time. She also continues to volunteer in the community.
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Fund Accounting Supervisor
Luke Robinson, Fund Accounting Supervisor, joined Saturna Capital in February 2007. Mr. Robinson graduated from Western Washington University in June of 2006 with a BS degree in Political Science. He enjoys hiking, barbecues, shooting pool and being with friends.
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Fund Accounting Manager
Rebecca Rogge, Fund Accounting Manager, joined Saturna Capital in October 2011. Ms. Rogge graduated from Western Washington University with a BA in Finance and a minor in Accounting in June 2008. In her spare time she does crossfit and enjoys camping, hiking, fishing, hanging out with friends, and wine tasting.
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Dealer Services and Fund Treasury Management
West Lytle, Dealer Services and Fund Treasury Management, joined Saturna Capital in April 2015. He graduated from WWU in 2014 with a BA in Psychology with an emphasis on cognitive psychology and a minor in communications. In his spare time, Mr. Lytle enjoys spending time with his wife, sports, hiking, swimming, and fishing. He is an avid reader, enjoying the genres of fantasy and behavioral economics.
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Operations Coordinator
Megan Troupe, Operations Coordinator, joined Saturna Capital in March 2020. She graduated from Western Washington University in June 2019 with a BA in English Literature and a minor in Psychology. In her spare time, Megan enjoys reading, hiking, running, baking, cooking, coaching volleyball, and being outdoors.
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Mutual Fund Systems Operator
Patrick Topor-Madry, Mutual Fund Systems Operator, joined Saturna Capital in May 2020. He graduated from the University of Washington with honors and a BA in History, minoring in Classical Studies. He is currently working on an MBA with a focus on Computer and Information Security from Northcentral University. A native of Washington state, he lived in King county before moving to Bellingham in September 2019. He has worked as a tutor, a lifeguard, a supervisor, and an assistant rowing coach. He enjoys playing native American flute, reading about history and gastronomy, writing, and hiking around the Pacific Northwest.
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Middle Office Specialist
Colleen Jacobson, Middle Office Specialist, joined Saturna Capital in June 2020. She graduated from Western Washington University in 2016 with a BA in Spanish and French. In her spare time, she enjoys cooking, gardening, and exploring art museums.
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Fund Accountant
Scott St. Clair, Fund Accountant, joined Saturna Capital in December 2020 after graduating from Western Washington University with a MS in Mathematics. Prior to working at Saturna he taught college mathematics as part of his master's degree program. When he isn't working, Scott enjoys cooking, playing board games, and practicing the guitar.
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Junior Trader / Analyst
Bobby Haupt, Junior Trader / Analyst, joined Saturna in April 2021. He graduated from the University of Colorado at Boulder with a BA in Anthropology. In his spare time, he can be found skiing, fly fishing, and exploring with his wife and dog.
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Securities Data Manager
Portfolio Analyst
Sean Spurgin, Securities Data Manager and Portfolio Analyst, joined Saturna Capital in March of 2011. He earned a BA in Finance, with a minor in Economics, from Western Washington University. He formerly worked as a reimbursement analyst in the insurance industry. Raised in Yakima, WA, his hobbies include playing golf, running, hiking, and fishing. Sean also enjoys soccer, having played on the Wenatchee Valley College soccer team.
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Vice President of Retirement Plan Services
John Corrieri, Vice President of Retirement Plan Services, joined Saturna in September 2020. He earned an MBA from Babson College and a Bachelor of Science in Business Administration from the University of Massachusetts. Prior to Saturna, he served in leadership and management roles at Genworth Financial, Prudential Retirement, and Fidelity Investments. Mr. Corrieri's broad experience with Defined Contribution (DC) plans includes launching the first variable annuity investment option designed specifically for DC plans and leading award-winning strategic marketing efforts.
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Employer Services Manager
Ryan Gannon QKA®, Employer Services Manager, joined Saturna in July 2021. He graduated from Bentley University with a BS in Economics/Finance. Prior to joining Saturna, Ryan worked for DST Retirement Solutions and SS&C Technologies. Ryan enjoys spending free time with family, swimming, traveling, and all things baseball.
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Employer Services Administrator
Megan Lewis QKA®, Employer Services Administrator, joined Saturna Capital in March of 2018 after 20 years in the restaurant industry. She graduated from Whatcom Community College with an Associates in Arts and Sciences. In her spare time, Megan enjoys spending time in nature with her family, reading books, & learning about history.
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Retirement Plan Specialist
Nick Vitalis, Retirement Plan Specialist, joined Saturna Capital in October of 2018. He graduated in June 2018 with a BA in Journalism and a minor in music, and rowed in college for four years. Outside of work, Nick enjoys skiing, exercising, international travel, playing rugby for Chuckanut Bay RFC, hiking with friends and his dog Edmund, composing music and poetry, and cooking from scratch.
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Senior Plan Administrator
Taylor Ulsh, Senior Plan Administrator, joined Saturna in October of 2019. He graduated from Northern Arizona University in 2016 with a BS in Accountancy and an Undergraduate Certificate in International Business. Prior to joining Saturna, Taylor worked for Charles Schwab and The Skagit Casino Resort. In his free time, Taylor enjoys traveling, walking by the water, reading, and spending time with close friends.
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Employer Services Relationship Manager
Allison Vamvoura, Senior Retirement Services Plan Administrator, joined Saturna in January 2022. A graduate of Gibbs College in Boston, Allison has over twenty years of experience in the defined contribution industry that includes non-discrimination testing, document provision amendment changes, and restatement requirements.
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Employer Services Support Specialist
Peircen Brown, Employer Services Support Specialist, joined Saturna Capital in August 2022. Previously, she worked as Licensed Veterinary Technician specializing in Critical Care and Emergency Medicine. Outside of work, Ms. Brown enjoys spending time with her husband and their pets. They are often found hiking, cooking/baking, playing board games, doing yoga, or crafting.
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Employer Services Administrator
Sean Jamison, Employer Services Administrator, joined Saturna in April 2023.
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President
Senior Investment Analyst
and Portfolio Manager
Zahid Siddique, Senior Equity Analyst, joined Saturna Sdn Bhd in September 2015. He has over ten years of equity research, portfolio management, and business development experience. Prior to Saturna, Mr. Siddique was an associate portfolio manager and the head of industrials equity research at Gabelli Asset Management in New York. More recently, he was based in Dubai, where he focused on business development activities in the Middle East. Mr. Siddique holds a BA in Mathematics from Hamilton College and a BS and MBA from Columbia University. Outside of work, Mr. Siddique loves to travel with his wife and two children.
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Head of Operations
Jane Chia, Head of Operations, joined Saturna Sdn Bhd in April 2013. She is a holder of an Advance Diploma from The Association of International Accountants (AIA). Jane Chia has 23 years experience with 17 years in the Capital Markets Industry. Prior to joining Saturna, she worked as Senior Accounts Executive in the Trading and Services industry for 6 years and subsequently joined PhillipCapital Group of Malaysia, serving various positions in Administration, Human Resources, Head of Operations (asset management, unit trust and derivatives business), and Head of Finance. She enjoys spending time with her family, trekking, travelling, and contributes to charitable societies like Lions Club and Tzu Chi Foundation.
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Compliance Officer
Ku Muhammad Nasir Ku Mohamed, Compliance Officer, joined Saturna Sdn Bhd in January 2011. He has more than 12 years experience in the capital markets industry and previously held dual trading licenses as a Dealers' Representative and Futures Brokers' Representative. Prior to joining Saturna, he served asset management firms and futures broker houses in a compliance capacity. He also has stock market and financial futures trading experience. He holds a Bachelor of Science (Honors) in Accounting from the University of Hull, United Kingdom. His hobbies include photography, reading, travel and music.
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Administration and Servicing
Phut Chit Wan (Nicole), Administrator and Personal Assistant, joined the Malaysian subsidiary in 2006. She graduated with a Diploma in Private Secretarialship. She has more than 15 years’ experience in junior and executive positions, substantially as an administrator and management support staff in subsidiaries of two international companies. She enjoys spending time with her family and friends, movies, travelling, and playing netball.
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Accounts/Operations Executive
Wan Nurul Aimi Wan Darman, Accounts/Operations Executive, joined Saturna Sdn Bhd in August 2014. She holds a Bachelor of Accountancy degree from Universiti Putra Malaysia and started her career in an insurance company in 2007 before working with a unit trust company in charge of fund operations and accounts reporting. Prior to joining the team, she was an accounts executive in a retail and advertisement company. Aimi enjoys traveling with family and friends in her spare time.
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Senior Investment Analyst
Mustafa Aydemir, Senior Investment Analyst joined Saturna in March 2017. Born in Friedrichshafen, Germany, he graduated from University of Esslingen with a degree in Industrial Engineering (magna cum laude). Mustafa previously worked in the business consulting practice of Arthur Andersen in Stuttgart and the technology consulting division at SAP in Walldorf, Germany. Following the sun, he then moved to the Arabian Gulf, working in Saudi Arabia and Bahrain for major Oil & Gas companies including Aramco, Sabic, and GPIC.
Mustafa is a Certified Islamic Professional Accountant by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and holds an Advance Diploma in Islamic Finance from Bahrain Institute of Banking and Finance (BIBF). After moving to Malaysia in , he graduated from the International Centre for Education in Islamic Finance (INCEIF) and is a Chartered Professional in Islamic Finance. Mustafa is a PhD candidate at the Institute of Islamic Banking and Finance (IIUM), currently in his final year, as well as a CFA Level 2 candidate. He has six years' experience as a researcher in economics and finance as well as ten years' experience in management consulting. He loves scuba diving and is a passionate follower of Formula 1.
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Fund Accounting / Operations Executive
Nur Nasheera Nasaruddin, Fund Accounting / Operations Executive, joined Saturna in July 2018. She holds a professional accounting qualification, ACCA (The Association of Chartered Certified Accountants), from Sunway University College, Ipoh. Prior to completing her professional studies, she worked as an Audit Assistant at an audit firm. Nasheera enjoys travelling with her family and reading in her spare time.
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Fund Accounting / Operations Executive
Director of Institutional Sales and Marketing
Mohd Ezani bin Abu Yazid joined Saturna Sdn Bhd in June 2020 as Director of Institutional Sales and Marketing, bringing with him more than twenty five years of experience in the areas of fund management, finance, and commercial banking. He received his tertiary education with University Putra Malaysia and is a qualified Capital Markets Services Representative’s License holder under Securities Commission Capital Markets Services. Prior to joining SSB, he worked for RHB Asset Management Sdn Bhd, Kenanga Investors Berhad, Southern Bank Asset Management Sdn Bhd, and BHLB Asset Management Sdn Bhd . During his fund management career, he has also been involved in sourcing business and servicing wholesale clients ranging from corporation to governments and government-linked agencies.
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Senior Equity Analyst
Tian Ming joined Saturna Sdn Bhd in November 2020. He has more than 14 years experience in regional public equities analysis and portfolio management, all of which were gained in Navis Fund Managers Ltd, a Kuala Lumpur based investment firm. He has also had stints in the Malaysian Central Bank and one of the country's largest family offices. He holds a BA in Economics and MA degree from University of Cambridge, UK, and a MBA in Finance from Columbia University, New York, USA. He has also been a CFA charterholder since 2000. For leisure, he likes to spend time with his family, read, travel, and cook. He is also an avid follower of the English Premier League.
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Equity Analyst
Muhammad Fadhil Al Nassir, Equity Analyst, joined Saturna in March 2020. He holds a Bachelor of Science in Accounting and Finance from the University of Exeter, United Kingdom. Prior to joining Saturna, he started his career in the telecommunications industry with Celcom Axiata as a tax associate in charge of indirect taxes and management of fixed assets. His hobbies include swimming, cycling, and running.
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Senior Associate - Risk & Compliance
Muhammad Zulhilmi bin Azizal, Senior Associate - Risk & Compliance, joined Saturna Sdn Bhd in March 2021. He is a graduate of Universiti Teknologi Mara (UiTM), where he earned a Bachelor of Science (Honors) in Actuarial Science. In 2016, Zulhilmi started his career with a government-linked asset management company, handling compliance. Prior to joining Saturna, he worked as Compliance Officer at an independent asset management company. His favorite leisure activities are running, swimming, and playing badminton.
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IT Support Specialist
Nur Hanani Kamarul Aizan, IT Support Specialist, joined Saturna Sdn Bhd in May 2021. She earned a Bachelor of Computer Science (Computer Networking) from Universiti Putra Malaysia and completed her Master of Science (Computer Networks) in 2012. Prior to joining Saturna, she was a Linux server administrator where she gained experience with designing and building complete Linux infrastructures and solutions including high-performance computing clusters and grid systems. In her leisure time, she loves to do outdoor activities especially hiking, camping, and travelling.
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Junior Fixed Income Analyst
Muhammad Adlyn Asyraaf bin Md Hayrani, Junior Fixed Income Analyst, joined Saturna Sdn Bhd in March 2023. He holds a Master of Arts in Accounting and Business Finance from Heriot-Watt University Malaysia, where he acquired financial analysis skills and developed a deep understanding of the complexities of the financial markets. Prior to joining Saturna, he worked as a Fixed Income Analyst at a local asset management company focused on analyzing Ringgit-dominated bonds and Sukuk, where he gained valuable experience in evaluating financial risks, identifying opportunities, and making informed investment decisions. He enjoys reading and jogging in his leisure time.
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President, Director,
and Portfolio Manager
Jane Carten, President and Director, joined Saturna Capital in June 1997. Ms. Carten graduated from Western Washington University with an MBA and undergraduate degree in Computer Science and Business. As President, Jane oversees Saturna's daily operations and directs Saturna's internal and external information systems, managing the technology and marketing activities. She also directs Saturna’s continuing education program and the philanthropic efforts of the firm. Ms. Carten currently serves on the ICI Board of Governors and as Chair of ICI’s Small Funds Committee and on the Board of the Whatcom Business Alliance. She is active in the Bellingham Bay Rotary, is a member of the Young Presidents' Organization, and is a former member of the Whatcom Museum Children's Advisory Board. She is a founder and former director of the nonprofit OpenAccess Internet Services and is a Bellingham Sister Cities member and contributor. She enjoys her family, cooking, and wildlife, as well as international travel, fine art, and the theatre.
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Chief Financial Officer
Kalen Hanna, Chief Financial Officer, joined Saturna Capital in August 2009. He earned a BA in International Business from Western Washington University in 2006 and an MBA in Finance from Strayer University in 2010. Previously, he worked as a branch manager of an industrial supply company. Since joining Saturna, Kalen has been a Fund Accountant and a Systems Analyst. From 2012 to 2018, Kalen lead Saturna's Employer Services department. In his free time he enjoys spending time with his wife and two daughters, working on projects around the house, cooking, and running.
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Controller
Kevin Dalrymple, Controller, joined Saturna in May 2010. Mr. Dalrymple graduated with honors from Western Washington University with a Bachelor’s degree in Accounting and also holds a Bachelor’s degree in Journalism from Cal Poly San Luis Obispo. A native of California, Mr. Dalrymple lived in the Czech Republic for 10 years before moving to the Pacific Northwest in 2003. Mr. Dalrymple’s career includes seven years of experience editing investment research for European banks. He enjoys studying foreign languages, cinema and literature; international travel; cooking; and spending time with his family.
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Business Analyst
Sonya Luhm, Business Analyst, joined Saturna Capital in February 2015.
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Senior Accountant
Deanna Clemens, Senior Accountant, joined Saturna in October 2017. She graduated from Western Governors University in 2016 with a BS in Accounting and a Master’s in Accounting in 2020. Her professional background includes over ten years as finance manager in the home care industry. Deanna enjoys reading, knitting, camping, growing vegetables, playing the violin, and spending time with her family.
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Corporate Accountant
Kelli Mann, Corporate Accountant, joined Saturna Capital in January 2020. She graduated from Western Washington University in March of 2000 with a BA in Business Administration. She enjoys spending time with her son, walking her dog, and running.
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Human Resources Manager
Kerry Read, Human Resources Manager, joined Saturna in April 2022. She attended Whatcom Community College and Trinity Western University, majoring in Psychology. She earned her PHR® certification in 2013, her SHRM-CP® certification in 2016, and is a member of the Mt. Baker Society for Human Resources Management with over 20 years of experience as an HR Professional. In her free time, she enjoys music, gardening, yoga, and walking local trails with her husband and dogs.
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Human Resources Generalist
Anna Csicsery SHRM-CP®, Human Resources Generalist, joined Saturna in December 2021. Originally from Salt Lake City, Utah, she moved to Bellingham to study at Western Washington University. Prior to joining Saturna, Anna was in the legal field working as a paralegal. In her spare time, she enjoys cooking, playing pickleball, and traveling.
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Retail Investor Relationship Specialist
Josh Hungerford, Retail Investor Relationship Specialist, joined Saturna Capital in February of 2015. Mr. Hungerford graduated from Trinity Western University with a BA in Business Administration majoring in Finance in 2001. Outside of the office, Josh enjoys board gaming, soccer, his Church, and learning about local history.
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Lead Investor Services Representative
Jordan von Matt, Lead Investor Services Representative, joined Saturna Capital in November 2022.
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Investor Services Representative
Gabryelle Peters, Investor Services Representative, joined Saturna Capital in February of 2022. Ms. Peters earned a BA in Finance from Western Washington University in December 2021. In her spare time, she enjoys running, hiking, and spending time with friends and family.
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Receptionist
Jessica King, Receptionist, joined Saturna in June 2022. Born and raised in Bellingham, she is currently pursuing higher education. In her spare time, she enjoys walking local trails with her dog, spending time with friends and family, reading, cooking, and drinking good coffee.
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Investor Services Representative
Zan Siddiqui, Investor Services Representative, joined Saturna in October 2022. Originally from West Windsor, NJ, he graduated with a BA in Economics from the University of South Florida. Outside of work he enjoys great coffees, hiking, reading, and driving.
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Investor Services Representative
Justice McPherson, Investor Services Representative, joined Saturna Capital in February 2023.
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Investor Services Representative
Patrick Smith, Investor Services Representative, joined Saturna in April 2023.
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Investor Services Representative
Jack Hannah, Investor Services Representative, joined Saturna in August 2023.
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Receptionist
Sydney Ross, Receptionist, joined Saturna in August 2023. She graduated in 2019 with a BS in Psychology from Western Washington University. In her spare time, she enjoys crafting, reading, and spending time with her friends.
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Vice President of Information Technology
Tami Morrison, Vice President of Information Technology, joined Saturna Capital in July 2016. Ms. Morrison oversees Information Technology and Software Development for the company. Before joining Saturna, she led and transformed Global Technology, IT Operations, and Customer Service for companies that serve Fortune 500 organizations within highly competitive industries. A graduate of the University of Idaho, Ms. Morrison is an active member of the Technology Association Group, Women in Technology, and Labrador Friends, a non-profit no kill organization dedicated to saving Labrador retrievers.
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Senior Software Engineer
Chris Norman, Senior Software Engineer, joined Saturna Capital in April, 2007. Mr. Norman graduated from Brigham Young University in 1984 with a BS in Computer Science. Prior to joining Saturna, he spent over 20 years developing and supporting enterprise software applications in various industries. He enjoys travel, skiing, playing the guitar, and hanging out with his family.
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Special Projects Manager
Sarah Kaiser, Special Projects Manager, joined Saturna in March of 2007. Sarah graduated from Vassar College in 1997 with a BA in English Literature and spent several years as a director of business development and product licensing at a variety of Seattle based companies before moving on to event strategy and development. She enjoys cooking, travel, and spending time with her two children.
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Software Development Manager
Jim Bareman, Software Development Manager, joined Saturna in June 2010 with more than 13 years of software development and information technology leadership experience. He holds a BSc in Chemistry (with distinction) from the University of Lethbridge and a PhD from the University of Pennsylvania. Jim is active in his church community and enjoys camping, boating, and being busy with his wife and seven children.
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Software Development Manager
Nancy Letourneau Bross, Software Development Manager, joined Saturna Capital in June 2011. She studied Anthropology and Speech Communication at Kansas State University and Computer Information Systems at Northwestern University. Prior to joining Saturna, Nancy programmed applications for state government and a software consulting firm. Her favorite leisure activities are urban hiking, reading non-ficition, and watching independent cinema.
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Client Platform Engineer
Jeff Korthuis, Client Platform Engineer, joined Saturna in March of 2014. He earned a BS in Information Technology & Administrative Management from Central Washington University. Mr. Korthuis previously held the position of Computer Specialist at Lynden Door, where he gained experience in Windows System Administration, help desk, backup management, and general customer support. In his free time, he enjoys board games, video games, long boarding, snowboarding, and water sports.
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Network and Applications Engineer
John Pitton, Network and Applications Engineer, joined Saturna Capital in March of 2014. He enjoys racing mountain bikes and volunteering in the local community.
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Senior Web Developer
Chris Nelson, Senior Web Developer, joined Saturna in October of 2015. Born and raised in Bellingham, Chris graduated from Western Washington University in 2004. Pursuing his passion for creating intuitive web sites, moved to Portland, OR and returned to Bellingham with his young family to work for Saturna. In his spare time, he enjoys hiking, local music, woodworking, and being on two wheels.
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Marketing Manager
Michelle Manson, Marketing Manager, joined Saturna Capital in February of 2016. She graduated from Simon Fraser University with a Bachelor of Arts in Communications and minor in Sociology (2010), and an MBA (2021) from Western Washington University. Michelle's experience spans working in the publishing industry as an editor and designer, to corporate marketing teams as a graphic designer and branding specialist.
Michelle's interests include music, design, photography, and ceramic arts.
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Senior Web Developer
Kevin Herrington, Senior Web Developer, joined Saturna Capital in March 2020. Prior to joining Saturna, he spent 10 years developing web sites for clients ranging from small businesses to Fortune 500 companies. Originally from Southern California, he moved to Bellingham in 2016 to settle down with his family and be closer to nature. When he's not working, he enjoys fresh air, reading, music, and spending time with his cats.
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Copywriter/Financial Editor
Zoe Bronstein, Copywriter and Financial Editor, joined Saturna in June of 2020. Zoe graduated from the University of San Francisco in 2012 with a BA in English with a minor in theater. Prior to her time at Saturna, Zoe worked at the Bellingham Regional Chamber of Commerce and Whatcom Community College. She is involved in the local theater scene as a playwright, director, and performer. Outside of work she enjoys writing, kickboxing, and playing music.
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Desktop Publisher
Catherine (Cate) Giltner, Desktop Publisher, joined Saturna in February 2021. She has a BA in English from the University of Wisconsin – Milwaukee. Prior to joining Saturna, Cate managed website content and digital marketing for an asset-based valuations and advisory firm. She also worked in the independent publishing industry, developed marketing initiatives for fire-fighting tools, and as a smell-tester for a bodywash manufacturer. Outside the office, Cate enjoys reading and various fiber arts including knitting and crochet, sewing, and fan festivals.
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Senior Software Engineer
Travis Royal, Senior Software Engineer, joined Saturna Capital in 2021. Prior to becoming a software developer, Travis designed jewelry and worked as a licensed low-voltage electrician. In his spare time, he enjoys live music, international traveling, excellent food, comics, and games.
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IT Support Specialist
Pedro Jimenez, IT Support Specialist, joined Saturna in April 2021. He graduated from Universidad Latina de Costa Rica with a bachelor’s degree of Mechanical Engineering and Administration and is Cisco CCNA certified. In his spare time, he enjoys spending time with family, mountain biking, snowboarding, skateboarding, surfing, photography, and filmmaking.
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Junior Software Developer
David Kalcic, Junior Software Developer, joined Saturna in May 2022. Originally from San Jose, David attended Oregon State University. His favorite pastimes include mountain biking, playing guitar, card games, and exploring new restaurants.
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Senior Software Engineer
Thomas McDaniel, Senior Software Engineer, joined Saturna Capital in May 2022. For two decades prior to joining Saturna, Mr. McDaniel contributed to high-tech multinational manufacturing operations around the world, facilitating automation in capital semiconductor, aerospace, apparel, and consumer electronics. In his spare time, he enjoys hiking, running, biking, boating, and connecting with nature from mountain to bay.
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Junior Software Developer
Camron Kelly, Junior Software Developer, joined Saturna in June 2022. Camron graduated from CSU Fresno in 2019 with a Bachelor’s degree in Computer Science. His hobbies include reading, hiking, board games, video games, and all things related to history and fantasy.
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Client Platform Engineer
Christopher Norris, Client Platform Engineer, joined Saturna in June of 2022. He earned a BS in Business Administration & Computer Information Systems and a BA in Music & Audio Recording from California State University Dominguez Hills. He has worked for the Getty Museum, in film and TV post-production, and for A&M Recording Studios. He is a black belt in GoJu Ryu, a certified scuba and commercial diver, plays guitar, rides motorcycles, and enjoys skiing, cooking, and reading.
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Junior Software Developer
Andrew Rose, Junior Software Developer, joined Saturna in July 2022. His favorite pastimes include snowboarding, spending time with friends, games, and running.
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Videographer
Marketing Associate
Matt Curtis, Videographer / Marketing Associate, joined Saturna Capital in October 2022.
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Software Developer
Caleb Bareman, Software Developer, joined Saturna Capital in February 2023.
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Digital Marketing Strategist
Emily Rask, Digital Marketing Strategist, joined Saturna in April 2023.
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Mail Center Manager
Jade Olson, Mail Center Manager, joined Saturna in March 2022. Jade attended Western Washington University. In her free time, she enjoys being outside with her dog, cooking, and spending time with friends and family.
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Facility Manager
Cisco Rodriguez, Facility Manager, joined Saturna in September of 2012. A lifetime resident of Whatcom County, he enjoys the many outdoor activities that the Pacific Northwest has to offer, including snowboarding, snowmobiling, and cycling. Mr. Rodruiguez is the Track Operator of Bellingham BMX and enjoys spending time with his family.
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Operations Clerk
Rebekah Molenda, Operations Clerk, joined Saturna in December of 2018. In her spare time, Rebekah enjoys traveling with her husband, baking, hosting dinner parties, trivia nights, and watching movies.
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Operations Clerk
Cate Carlson, Operations Clerk, joined Saturna Capital in August 2021. She received her BA from Western Washington University where she double-majored in Art History and Creative Writing. Her interests include film and television, traveling, and making treats for various holidays.
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Chief Legal Officer
Elliot Cohen, Chief Legal Officer, joined Saturna in July 2022. Mr. Cohen is primarily responsible for Saturna’s global legal, regulatory, compliance, and corporate governance functions. Before joining Saturna, he served as Associate General Counsel for Russell Investments, Counsel to the MassMutual Financial Group, and actively served on numerous ICI and SIFMA working groups, including their ERISA, ESG, Proxy Voting, and Index working groups as well as the ICI Derivatives Markets Advisory Committee.
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Chief Compliance Officer
Michael Lewis, Chief Compliance Officer, joined Saturna Capital in September 2012. A life-long resident of the Pacific Northwest, Mr. Lewis earned a degree in Business Administration with concentrations in accounting and finance from the University of Washington. He serves as the compliance officer for Saturna Capital, the Amana Mutual Funds Trust, and the Saturna Investment Trust. Prior to Saturna, Mr. Lewis was the District Director for FINRA's Seattle office. He has over twenty-five years experience in the securities industry and was a frequent speaker and panelist on compliance and regulatory issues at industry conferences. His favorite activity away from the office is spending time with his wife and three children boating, camping, or hiking.
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Chief Compliance Officer, Saturna Brokerage Services
AML Officer
Jacob Stewart, Compliance Officer, joined Saturna Capital in November 2007. He moved to Bellingham from Texas, where he obtained a BA in English Literature from Schreiner University in 2005. Jacob's work focuses on 1940 Act valuation issues, Bank Secrecy Act anti-money laundering compliance, and designing/implementing forensic testing regimes. In his spare time, he enjoys mountaineering, backcountry skiing, and racing different kinds of bicycles.
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Legal Assistant
Kim Kendall, Legal Assistant, joined Saturna Capital in September of 2015. She graduated with a BA in Interior Design from Western Washington University. Kim's professional background includes 20 years working in both residential and commercial interior design, including 9 years at WWU as Interior Designer for University Residences. She has also worked as an administrative assistant. In her free time, Kim enjoys reading, hiking, movies, and in the summer, working in her dahlia garden.
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Compliance Associate
Susan Felton MBA, Compliance Associate, joined Saturna in August 2017. She graduated from the University of Tampa with a BS in Accounting, a BA in Government & World Affairs, and an MBA with concentrations in Accounting and International Business. A native of Valparaiso, Indiana, Ms. Felton enjoys spending time with her husband, hiking, swimming, skiing, and traveling.
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President (Saturna Trust Company)
Owaiz Dadabhoy, President of Saturna Trust Company, joined Saturna Capital in August of 2008. Raised in Southern California, he earned a BA in Business Administration from California State University at Fullerton. Mr. Dadabhoy spent over 15 years at Wells Fargo and was most recently a District Manager in Long Beach. Prior to that, he was Senior Sales Director for Wells Fargo’s Wealth Management group in Los Angeles where he managed six Sales Directors and led a team of over 200 licensed bankers. Mr. Dadabhoy is active with charitable and community activities, co-founding the UPLIFT Charitable Corporation in 2006. He is married with two children and enjoys spending time with his family in various outdoor activities.
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Trust Services Manager
Rachel Nicholas MBA, CTFA® Trust Services Manager, joined Saturna Trust Company in May 2018. She graduated from University of Phoenix with a BS in Business Administration in 2008. She also graduated from Western Governors University with an MBA in 2016. In her spare time, Rachel enjoys watching and playing sports, cooking, and spending time with her dogs. Rachel attended the Cannon Trust School and earned the CTFA® designation in 2023.
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Operations and Administrative Coordinator
Brian Horrocks, Operations and Administrative Coordinator for Saturna Trust Company, joined Saturna in August 2023.
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Non-Executive Director, Saturna Capital
Dennis Murphy, PhD, Non-Executive Director, is both Professor and Dean Emeritus of the College of Business and Economics, Western Washington University. He received his PhD in 1974 from Indiana University, and was on the faculty of Indiana University (Bloomington) and of Emory University (Atlanta). He served as Dean of the College of Business and Economics for twenty-four years (retiring in 2007). He also twice served as Provost and Vice-President of Academic Affairs at Western (1998-99 and again from 2007-2009). Dr. Murphy’s teaching and research interests include international trade and finance, commercial banking and corporate governance. Murphy is an experienced practitioner as well as professor, having served as board chair of Everett’s Cascade Bank. A founding member of the Saturna Council of Economic Advisers, he is a frequent speaker on business and economics. He has served the Bellingham community as president of United Way and the Rotary Club, and as a board member of various organizations including St. Paul’s Academy.
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Independent Director, Saturna Trust Company
Robin Foote is an experienced business executive, consultant, private investor and corporate director. She currently serves on the Boards of five private companies and chairs several Board Committees. She has previously served more than a half-dozen other companies in a similar capacity, until such time as each was either sold or merged.
In her corporate career, Robin was as an early pioneer and ongoing champion of the use of analytically derived insights to augment customer and shareholder value, and she was known for her ability to create programs to capture this value, ultimately doing so as Group Executive Vice President and Chief Marketing Officer for Bank of America’s retail bank. She also developed the strategic rationale for numerous bank and non-bank acquisitions and led the post-acquisition integration for several of these.
Robin began her consulting career with McKinsey & Company, and, in 2001, established her own firm (Randolph Partners), which she subsequently merged into Novantas, where she served as a partner through 2012. Since then, she has focused on using her experience and skills in service of entrepreneurial activity. She is a member of the Keiretsu Forum Northwest, and an active angel investor.
Throughout her career, Ms. Foote has served variously as Trustee, Director, Board President and/or Treasurer for non-profit organizations engaged in housing, healthcare/medical research and education as well as for a variety of professional associations.
Robin graduated magna cum laude from Smith College with a degree in Economics and with High Distinction and as a Baker Scholar from Harvard Business School. She is also a graduate of Northwestern University Kellogg School’s ‘Women Director Development Program’ and the Leadership Greater Chicago program.
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Non-Executive Director, Saturna Capital
Phelps McIlvaine, Non-Executive Director, was a vice president and portfolio manager at Saturna Capital. Mr. McIlvaine joined Saturna in 1993 and served as portfolio manager and a research analyst for Idaho Tax-Exempt Fund, Sextant Short-Term Bond Fund, Sextant Bond Income Fund, and Sextant Core Fund. He also served as director for Saturna's wholly-owned brokerage subsidiary, Saturna Brokerage Services. He retired from Saturna Capital 2021. Mr. McIlvaine was born in Illinois in 1953, and has a BA in economics (University of Denver, 1975 Phi Beta Kappa).
Mr. McIlvaine entered the investment business in 1976 and traded US bond and derivative markets from 1977 to 1986 for commercial banks in Boston and Chicago. From 1987 to 1993 he managed fixed income derivative hedge funds in Chicago and London. He serves on the Endowment Committees of the Nooksack Salmon Enhancement Association and the Bellingham Interfaith Coalition.
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Chairman and Independent Trustee
M. Yaqub Mirza, PhD, returned to the position of the Trust's independent chairman in 2014. He suggested the concept of a US Islamic equity mutual fund in 1984. He is a founding member of the Board of Trustees and served from 1987 through 2003 as an independent Trustee, and as chairman of the Board from 2000 until 2003. He is the CEO of Sterling Management Group, Inc. (Herndon, VA), a consulting, venture capital, securities management, and real estate investment firm. Dr. Mirza has served on the boards of public and private corporations, and has been actively involved with agro-industrial and technology businesses in several countries. He serves as a leader of numerous charities, and lectures on both entrepreneurialism and philanthropy. Dr. Mirza's degrees include a master's of science from the University of Karachi and a doctorate in physics from the University of Texas at Dallas.
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Independent Trustee
Miles K. Davis, Ph.D., is President of Linfield University in McMinnville, OR. Dr. Davis is active in the microfinance movement, and lectures regularly in the US, Africa, and Europe. An authority on entrepreneurship, his work focuses on the areas of integrity, values, and principles within the business world. Dr. Davis earned a bachelor's degree in communications from Duquesne University, a master's degree in human resource development from Bowie State University, and a doctorate in organizational behavior and management from The George Washington University.
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Independent Trustee
Ronald H. Fielding, MA, MBA, CFA, has worked in the mutual fund industry as a portfolio manager, owner, and senior officer of mutual fund advisers for over 25 years. He has served on the board of Investment Company Institute Mutual Insurance for 15 years. He has taught courses in finance and economics, and serves on philanthropic and educational institution boards. Mr. Fielding has a bachelor's degree in liberal arts from St. John's College, plus master's degrees in economics and business from the University of Rochester.
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Independent Trustee
Firas J. Al-Barzinji, JD, MBA, is General Counsel, Sterling Management Group, Inc. (management services) and Director and Chief Compliance Officer of Sterling Advisory Services, Inc. He joined the Amana Mutual Funds Trust as an Independent Trustee in June 2022.
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Independent Chairman
Gary A. Goldfogel, MD, serves as the Medical Examiner for Northwest Washington State, and is the owner and president of Avocet Environmental Testing Laboratory. Dr. Goldfogel is a physician board certified in Surgical and Forensic Pathology and Laboratory Medicine. He has served on boards of various professional and community organizations.
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Independent Trustee
Marina E. Adshade PhD, is a professor of economics at the Vancouver School of Economics at the University of British Columbia and the School of Public Policy at Simon Fraser University (Vancouver, British Columbia). Dr. Adshade earned her doctorate in economics from Queen's University (Kingston, Ontario). Dr. Adshade is a regular contributor to print and broadcast media and has been published globally in thirteen different languages.
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Independent Trustee
Ronald H. Fielding, MA, MBA, CFA, has worked in the mutual fund industry as a portfolio manager, owner, and senior officer of mutual fund advisers for over 25 years. He has served on the board of Investment Company Institute Mutual Insurance for 15 years. He has taught courses in finance and economics, and serves on philanthropic and educational institution boards. Mr. Fielding has a bachelor's degree in liberal arts from St. John's College, plus master's degrees in economics and business from the University of Rochester.
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Independent Trustee
James V. McKinney is the Executive Director of Common Threads Northwest, and owner of Apple Mountain LLC, a strategy and development consulting firm. Mr. McKinney is a retired foreign area officer with extensive service in the Middle East, Europe, and Asia. He served as a senior defense official/defense attaché and security assistance officer for US Embassies, and as a leader, advisor, and analyst in numerous global assignments. He provided extensive guidance and assistance to senior government leaders in developing nations. He has a bachelor’s in Government from California State University, Sacramento, and a master’s in International Studies from the University of Washington.
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Independent Trustee
Sarah E. D. Rothenbuhler is CEO of Birch Equipment Co, Inc, a construction equipment rental and sales company. She earned a bachelor’s from the University of Colorado and is a recipient of multiple business and community leadership awards. She is active on several philanthropic boards and organizations, including Bellingham Bay Rotary, St. Joseph’s Hospital Foundation, and Whatcom Business Alliance.
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AICPA Designations
The American Institute of Certified Public Accountants (AICPA) serves the accounting profession, providing the training, professional skills, programs, and services to support professionalism in the accounting industry.
CPA® — Certified Public Accountant®
Accountants who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification may use the designation. CPAs receive special training in accounting and auditing, and may attest to the reasonableness of disclosures, the freedom from material misstatement, and the adherence to the applicable generally accepted accounting principles (GAAP) in financial statements.
American Bankers Association Designations
Representing financial institutions of all sizes and types, the American Bankers Association advocates on behalf of its members to policy makers, legislators, regulators, the media, and the public.
CTFA® — Certified Trust and Fiduciary Advisor®
The Certified Trust and Fiduciary Advisor certification establishes a recognized standard of knowledge and competence for the trust and wealth advisory field. It provides employers and clients with a tool to identify skilled, knowledgeable professionals and supports the benefits of professional continuing education and development.
American College of Financial Services Designations
As a leader in financial services education, the American College of Financial Services partners with companies and professionals to promote ongoing education, ethical practices, and the pursuit of new knowledge for the benefit of society
CLU® — Chartered Life Underwriter®
The Chartered Life Underwriter® is a respected designation of insurance expertise, encompassing an advanced course of study providing in-depth knowledge on the insurance needs of individuals, business owners, and professional clients.
REBC® — Registered Employee Benefit Consultant®
The Registered Employee Benefits Consultant® designation provides those who earn it a deep, practical knowledge on pensions and retirement plan funding, installation, and administration. The program also covers group medical plans, long-term care, executive compensation, personnel management and more.
American Institute of Retirement Education Designations
The American Institute of Retirement Education, LLC (AIRE, LLC) is a partnership of the American Society of Pension Professionals & Actuaries (ASPPA) and the National Institute of Pension Administrators (NIPA).
ERPA® — Enrolled Retirement Plan Agent®
The Enrolled Retirement Plan Agent (ERPA) classification denotes a retirement plan professional who is highly competent in their field and plays an active and critical role in representing employers before the Internal Revenue Service (IRS) on retirement plan matters. The IRS awarded AIRE the contract to administer examinations for the ERPA Program.
American Retirement Association / National Association of Plan Advisors
The American Retirement Association is a non-profit professional organization comprised of five premier retirement industry associations; the American Society of Pension Professionals & Actuaries (ASPPA), the American Society of Enrolled Actuaries (ASEA), the National Association of Plan Advisors (NAPA), the National Tax-deferred Savings Association (NTSA), and the Plan Sponsor Council of America (PSCA).
CPFA — Certified Plan Fiduciary Advisor
The Certified Plan Fiduciary Advisor (CPFA) credential demonstrates the expertise required to act as a plan fiduciary or help plan fiduciaries manage their roles and responsibilities.
QKA — Qualified 401(k) Administrator
The Qualified Pension Administrator (QKA) designation is offered by the American Society of Pension Professionals & Actuaries (ASPPA). The QKA designation focuses on 401(k) plan recordkeeping, nondiscrimination testing, and administrative aspects that 401(k) administrators need to know. Credential holders are subject to minimum experience and continuing education requirements.
QPA — Qualified Pension Administrator
The American Society of Pension Professionals & Actuaries (ASPPA) created the Qualified Pension Administrator (QPA) credential to recognize professionals who are qualified to perform the technical and administrative functions of qualified plan administration. QPAs assist employers, actuaries, and consultants in performing functions such as determination of eligibility benefits, computation of benefits, plan recordkeeping, trust accounting and disclosure, and compliance requirements.
CFA Institute Designations
The CFA Institute is an investment industry organization whose mission is to lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society.
CFA® — Chartered Financial Analyst Charterholder®
The Chartered Financial Analyst (CFA) charter is a professional designation established in 1962 and awarded by CFA Institute. To earn the CFA charter, candidates must pass three sequential, six-hour examinations over two to four years. The three levels of the CFA Program test a wide range of investment topics, including ethical and professional standards, fixed-income analysis, alternative and derivative investments, and portfolio management and wealth planning. In addition, CFA charterholders must have at least four years of acceptable professional experience in the investment decision-making process and must commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct.
CIPM® — Certificate in Investment Performance Measurement®
The Certificate in Investment Performance Measurement (CIPM) is a professional designation established and awarded by the CFA institute. The program requires candidates to pass a series of exams covering investment performance and risk evaluation, with emphasis on ethical and professional standards.
Claritas® Investment Certificate
The Claritas Investment Certificate is a global self-study education program and exam designed to give anyone working in financial services a clear understanding of the investment industry and their professional responsibilities within it. Claritas certificate holders have demonstrated an understanding of financial industry essentials that will benefit clients, financial organizations, and the global industry.
CFP Board Designations
The Certified Financial Planner Board of Standards, Inc. (CFP Board) was founded in 1985 to serve the public interest by promoting the value of professional, competent, and ethical financial planning services, as represented by those who have attained CFP certification.
CFP® — Certified Financial Planner
The Certified Financial Planner (CFP) is a professional designation established in 1985 by the Certified Financial Planner Board of Standards, Inc. Certification identifies professionals who have met the high standards of competency and ethics established and enforced by CFP Board. The CFP Board's Standards of Professional Conduct require CFP professionals to act in their clients' best interests.
College for Financial Planning Designations
Founded in 1972, the College for Financial Planning is a premier provider of financial planning education. The College is a wholly owned subsidiary of Apollo Group, Inc. located in Phoenix Arizona.
AAMS™ — Accredited Asset Management Specialist™
Individuals who hold the AAMS™ designation have completed a course of study demonstrating strong fundamental financial knowledge with a specific focus on asset management and investments. This designation helps individuals build stronger client relationships and identify new investment opportunities and recognize insurance, tax, retirement, and estate issues.
CMFC® — Certified Mutual Fund CounselorSM
Individuals who hold the CMFC® designation have completed a course of study encompassing all aspects of mutual funds and their uses as investment vehicles. Additionally, individuals must pass an end-of-course examination that tests their ability to synthesize complex concepts and apply theoretical concepts to real-life situations.
CSRIC® — Chartered SRI CounselorTM
Individuals who hold the CSRIC® designation have completed a course of study designed to provide investment professionals with a foundation of knowledge of the history, definitions, trends, portfolio construction principles, fiduciary responsibilities, and best practices for sustainable, responsible, and impact (SRI) investments.
fi360 Designations
fi360 is a leading organization for supporting the investment fiduciary process whose mission is to promote a culture of fiduciary responsibility and improve the decision making processes of investment fiduciaries. With defined Practices as their foundation, they offer training, tools, and resources in support of that mission.
AIF® — Accredited Investment Fiduciary®
The Accredited Investment Fiduciary (AIF) designation represents that an individual has passed a rigorous training course and exam, demonstrating a thorough knowledge of and ability to apply fiduciary practices, and the legal and best practice framework they are built upon.
FINRA Designations
The Financial Industry Regulatory Authority, Inc. (FINRA) is an independent, not-for-profit organization authorized by Congress to provide investor protection and market integrity through effective and efficient regulation of the securities industry.
CRCP™ — Certified Regulatory and Compliance Professional™
The FINRA Institute at Wharton Certified Regulatory and Compliance Professional™ (CRCP™) program provides compliance, legal and regulatory professionals with an in-depth understanding of the foundation, theory and practical application of securities laws and regulation.
Advanced University / College Degrees
MBA — Master of Business Administration
An MBA is a postgraduate degree achieved at a university or college providing theoretical and practical training to help graduates gain a better understanding of general business management functions. An MBA degree can focus on specific courses of study such as accounting, finance, or marketing.
MA — Master of Arts
An MA is a postgraduate degree achieved at a university or college typically earned in a specific area of the humanities or sciences. It represents that an individual has engaged in further study and examination in the chosen area.
MAcc — Master of Accountancy
An MAcc is a postgraduate degree achieved at a university or college earned in the area of public accounting, and may include coursework on management, tax, leadership, and other business activities.
MS — Master of Science
An MS is a postgraduate degree achieved at a university or college typically earned in a specific area of the sciences, engineering, math, or medicine. It represents that an individual has engaged in further study and examination in the chosen area.
PhD — Doctor of Philosophy
A PhD is a postgraduate degree achieved at a university or college providing detailed and rigorous study in a specific field. PhD holders generally have submitted a project, thesis, or dissertation often consisting of a body of original academic research, which is in principle worthy of publication in a peer-reviewed context.
JD — Juris Doctorate
A JD is a professional doctorate and first professional graduate degree in law. Those who hold the degree are professionals committed to the practice of law.
Other Abbreviations
SCC: Saturna Capital Corporation
SBS: Saturna Brokerage Services
STC: Saturna Trust Company
SSB: Saturna Sendirian Berhad