Robert Cheddar and John Molloy were promoted to managing directors at PFM Asset Management, from senior managing consultants.
The promotions recognize the contributions the two have made to the firm’s asset management practice, said Jim Link, a managing director and senior partner in the PFM’s pension business.
They will retain their current responsibilities. Mr. Cheddar manages more than $6 billion in client assets, while serving as the firm’s chief credit officer and chairman of PFM’s credit committee. Mr. Malloy is a lead professional on key accounts, while serving as a member of the firm’s investment committee.