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Professional Staff

Mark Torline
Managing Director & Chief Executive Officer

Mark is the Chief Executive Officer and a Managing Director 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
Managing Director & Chief Investment Officer

Bill is CIO and a Managing Director at Macquarie Allegiance Capital, as well as chairman of the firm's Investment Committee. He began his career in the financial services industry in 1970, co-founding Allegiance Capital in 1988. 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.

Kevin Lam
Senior Director of Managed Accounts

Kevin is the Senior Director of Managed Accounts for the firm, as well as a voting member of the Investment Committee. He began his career in the financial services industry in 1979, joining Macquarie Allegiance Capital in 1995. Prior to his association with Macquarie Allegiance Capital, Kevin was a fixed income specialist at Citicorp. Previous to that he worked for Kidder Peabody, Govaars and Associates and A.G. Becker. He holds a BA in Economics from Amherst College.

Ashley Mawhorter
Sector Manager - Government

Ashley is the Government Sector Manager and a Portfolio Manager with the firm, as well as a voting member of the Investment Committee. She began her career in the financial services industry in 2001, joining Allegiance Capital in 2003. Prior to her association with Macquarie Allegiance Capital, Ashley was a sales and trading analyst with Salomon Smith Barney. She holds a BS in Business Administration with an emphasis in Finance from the University of Southern California.

Ion Dan
Sector Manager - MBS

Ion is the MBS Sector Manager and a Portfolio Manager with the firm, as well as a voting member of the Investment Committee. He began his career in the financial services industry in 2000, joining Macquarie Allegiance Capital in 2001. Prior to his association with Macquarie Allegiance Capital, Ion was a junior trader for PCX Options. He holds a BS in Business Administration and a BS in Economics, both from the University of California, Berkeley.

Martin D. Standish, CFA
Sector Manager - ABS

Marty is the Director of Structured Products for the firm covering the Asset Backs and CMBS sectors, as well as a voting member of the Investment Committee. He began his career in the financial services industry in 1985, joining Macquarie Allegiance Capital in 1998. Prior to his association with Macquarie Allegiance Capital, Marty was a portfolio manager at Pacific Alliance. Previous to that he was a portfolio manager at Patterson Capital, Pacific Century, and First Republic. He holds an MBA in Finance from the University of Texas. In addition he is a CFA charterholder.

Duane Hewlett
Director of CMBS/CRE Debt

Duane is the CMBS/CRE Debt sector manager for Macquarie Allegiance Capital having joined a subsidiary in 2006. He has 21 years experience related to commercial real estate asset management and debt investment. Prior to joining Macquarie Allegiance in 2006, Duane was a CMBS and commercial mortgage debt trader and portfolio manager for Delaware Investments. Prior to joining Delaware Investments in 2001, he held senior positions in commercial real estate asset management and CMBS/CRE debt research and surveillance. Duane holds a Bachelor of Science in Economics from The Wharton School of the University of Pennsylvania.

Rachel Sill
CMBS/CRE Debt Analyst

Rachel joined Allegiance Capital in 2006 and is responsible for deal analysis and modelling of commercial mortgage-backed securities and underlying loan/property collateral. She provides research and technical support necessary for aggregating dealer offerings and capturing secondary trading flows. Rachel performs ongoing surveillance and security evaluation of CMBS transactions. Rachel graduated in 2005 with a BA in Economics from Chapman University and is a CFA candidate.

Toni Spencer
Sector Manager - Corporate Credit

Toni is the Sector Manager for corporate credit and a Portfolio Manager for the firm, as well as a voting member of the Investment Committee. She began her career in the financial services industry in 1987, joining Macquarie Group in 2004. Prior to her association with Macquarie Group and Macquarie Allegiance Capital, Toni was Head of High Grade & Corporate Credit Research at the Commonwealth Bank of Australia (CBA). Toni holds a Bachelors of Economics and is a Fellow of the Financial Services Institute of Australasia.

Kurt Phares
Managing Director & Co-Head of Sales

Kurt is the Head of Sales and a Managing Director 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.

Robert E. Southard
Managing Director & Co-Head of Sales

Bob is the Co-Head of Sales, and a Managing Director of the firm. He began his career in the financial services industry in 1968, joining the firm in 1989. Prior to his association with Macquarie Allegiance Capital, Bob was the co-founder and Managing Director of Pacific Financial Asset Management Corporation (known today as PIMCO Advisors, LLC). Previous to that he was the VP in charge of New York operations of the Asset Management Group of Travelers Insurance Companies. He holds a BS from Cornell University.

Timothy Hyland
Regional Sales Director

Tim is the Regional Sales Director for Northeast Sales of the firm. He began his career in the financial services industry in 1995, joining the firm in 2000. Prior to his association with Macquarie Allegiance Capital, Tim was in sales at Prudential Securities. Previous to that he was in the analyst training program at Merrill Lynch. He holds a BA from Boston College.

Louise Walker
Managing Director Marketing & Client Service

Louise is the Head of Marketing and Client Services and a Managing Director of the firm. She joined Macquarie Allegiance from Macquarie's Fixed Income and Currency Division. She started at Macquarie in 1988 and her various roles have included currency portfolio manager and product manager for the global fixed income and currency products. Louise holds a Bachelor of Economics from the University of Sydney and a Master of Commerce (finance major) from the University of New South Wales.

Michael Spitler
Manager - Client Service and Marketing

Michael is the Manager of Client Service and Marketing. He is also the editor of the Monthly Newsletter and other research papers and commentaries. 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 in England as well as the University of Pittsburg's foreign study programs. Michael is a CFA Level III Candidate.

Alexander L. Popof
Managing Director & Chief Financial Officer

Al is the Chief Financial Officer and a Managing Director of the firm. He began his career in the financial services industry in 1987, joining the firm in 2004. Prior to his association with Macquarie Allegiance Capital, Al was the COO/CFO at Hopkins Real Estate Group. Previous to that he was the CFO at Catellus Residential Group and the COO/CFO at Govaars and Associates. He holds a BS in Accounting from the University of Arizona and an MBA in Finance from the University of California, Irvine.

Damian Deile
Manager of Account Administration

Damian is the Manager of Account Maintenance for the firm. He began his career in the financial services industry when he joined the firm in 2001. Prior to his association with Macquarie Allegiance Capital, Damian was a Contract Administrator for Flashcom, Inc. He holds a BA in Liberal Studies from Cal State Fullerton.

Vincent Tran
Manager of Portfolio Accounting

Vincent is the Manager of Portfolio Accounting for the firm. He began his career in the financial services industry in 1999, joining the firm in 2002. Prior to his association with Macquarie Allegiance Capital, Vincent was an Accounting Specialist for PIMCO/State Street IMS-West. He holds a BA in Accounting/Finance from Baylor University.