A Blend of Youth and Experience

Rank O. Dawson III is responsible for monitoring economic and investment market data to help inform the investment team on the current stage of the credit and profit cycle. This information is used in the investment decision making process to determine the type and amount of risk to take in portfolios. Further, Rank assists the Marketing team in the development of the weekly blog posts which provide insight into the company’s current views on the economy and investment markets.

Since joining Boyd Watterson in April of 2016, Rank has worked to foster a data driven approach to analyzing the economy and financial markets and incorporating this into the investment process.

• MBA from Xavier University
• BA in Finance from the University of Dayton
• CFA Charter Holder
• Urban Land Institute Cleveland, Member of Programming Committee

Stephen T. Berhalter is a Senior Data Management Analyst responsible for developing processes to turn raw data series and factor inputs from a variety of sources into an organized system that can be utilized across the investment platform. He also oversees the data analysis team, ensuring accuracy and efficiency.

Since joining Boyd Watterson in May of 2018, Stephen has streamlined a variety of manual processes including optimizing various fixed income portfolios, developing a commercial real estate analysis process, and building out pricing and market models for acquisitions. Previously, Stephen worked in Strategy for Sony PlayStation, focusing on international expansion, and for Caesars Entertainment as a Joint Venture Financial Analyst.

• MBA from Ross School of Business at the University of Michigan
• BA from John Carroll University

As a Senior Research Analyst for the Real Estate division, Ken C. Kilpatrick is responsible for leading the fundamental research team to help portfolio managers identify key macro-, portfolio-, and asset-level risks throughout Boyd Watterson’s real estate products. This includes assisting in the launch of new products through outreach, data collection and dissemination, and product research; highlighting major risks through diligent research on potential new acquisition opportunities and existing portfolio dynamics; sourcing accretive deals in new sectors through broker outreach and data collection; and communicating effectively with clients through quarterly marketing updates.

Ken began his time at Boyd Watterson in February of 2017 and since then has been an integral part of the collaboration to form the Real Estate Research department. He has assisted in growing the GSA focused open-end real estate fund, launching and growing the state and local government focused open-end real estate fund, and launching the open-ended REIT product.  He has also helped form some new SMA products tailored to specific client needs.  Moreover, as these new products have launched and grown, Ken has helped build and create the firm’s proprietary data system which provides a competitive advantage in the marketplace.

Previously, he served as a Financial Analyst with First National Bank where he created reports to assist the management team evaluate retail branch performance throughout its entire footprint.

• BS in Business Administration with a double major in Finance and Economics from Youngstown State University
• CFA Charter Holder
• Member of the CFA Institute
• Member of the Urban Land Institute

Arseny M. Zakharov is a Senior Data Management Analyst responsible for collaborating across the company to improve business methods and processes by developing advanced analytics. He specializes in turning raw data series and factor inputs from a variety of sources into an organized system that can be widely utilized.

Since joining Boyd Watterson in December of 2018, Arseny has spearheaded the creation of several proprietary systems, including a quantitative trading model for Fixed Income ETFs, software for automated demographic data acquiring, and a Real Estate scoring model.

Previously he worked as a Research Assistant at Concordia University, QC, where he focused on dynamical systems, data mining, and processing in DNA study. He further served as a Lecturer and Research Assistant at the University of Maryland, College Park, and has had several articles published in various academic journals throughout his career.

• PhD in Applied Mathematics from the University of Maryland, College Park
• MS in Mathematics from Voronezh State University, Russia
• BS in Mathematics from Voronezh State University

As a Senior Economic Analyst, Joseph M. Khoury is responsible for providing research and analytical support for the macro process, focusing on the state of the economy as it relates specifically to global macroeconomic trends and market signals. He collaborates with the firm’s media team to create weekly summary videos covering additional topics such as currencies, commodities, fixed income, equities, volatility, and demography. Joe is also responsible for developing weekly blog posts summarizing the most significant takeaways related to economics and markets.

Joe’s career with Boyd Watterson began in September 2019 as an Intern with the Marketing and Distribution team before being asked to take a full-time position in February of 2021. He previously worked as a Data Analyst Intern for the CFA Society of Cleveland where his primary responsibility was maintaining records of client growth and engagement.

• BS in Economics with a minor in Finance from Cleveland State University

Timothy D. Moroz is a Research Analyst for the Real Estate division, providing data-driven analysis and support. He assists the real estate team with acquisitions and hold/sell evaluation by performing risk analysis and providing market and agency research. Further, Tim provides regular high-level reporting on the current portfolio to assist in decision making.

Tim began his career at Boyd Watterson as an Intern with the Real Estate team in August 2019 before coming on board full time in November of the same year. He had previously interned for Ohio State Congressman David Joyce.

• BS in Economics from John Carroll University

Haosai Wang serves as a Senior Research Analyst providing research and analytical support for the real estate line of business. He assists in sourcing properties by reviewing industry reports for new deals and analyzing development/ redevelopment opportunities for tenants searching for space in the market. Haosai builds relationships in targeted markets with brokers, economic developers, and government officials in order to have a better understanding of local real estate fundamentals.

Prior to joining Boyd Watterson in January of 2022, Haosai was a Leasing and Development Analyst at Rader Hill Advisors and an Investment Analyst at Woodside Health.

• BA in Financial Economics from Columbia University
• ARGUS Enterprise Certified
• Currently enrolled in the CFA program

Ting-Yu Chiang is a Data Analyst whose design work on reports automation with Python is used across the company by Fixed Income, Real Estate, and Research teams alike. Not only does it aide with existing product performance and asset allocation studies, but it also provides the data and analysis necessary for new product development.

Ting-Yu began with the company in March 2020 building interactive dashboards that improved efficiency for monitoring market signals while streamlining the reporting process. She continues to provide financial market insights with the creation of data visualization techniques. Prior to her arrival at Boyd Watterson, she was a Data Analyst for Citibank in Taiwan with the main responsibilities of focusing on marketing analysis and customer retention.

• MS in Business Analytics from Case Western Reserve University
• BS in Economics from Fu Jen Catholic University in Taiwan
• SAS Certified Base Programmer for SAS 9