Penobscot Investment Management
Penobscot Investment Management
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Meet us

Management Team


Eugene H. clapp

Co-founder, Principal

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Gene is one of the founders of Penobscot Investment Management. His extensive industry experience includes managing portfolios for families and institutions for more than 25 years. Prior to forming Penobscot, Gene held financial and management positions at Pfizer, Inc. in Boston and New York.  A member of the 1972 Olympic rowing team, he is still involved with rowing and non-profit organizations in his Boston neighborhood.

Activities & Affiliations

  • Corporate Member, Partners HealthCare System

  • Trustee, Partners Continuing Care, Inc.

  • Director, Conservation Law Foundation of New England

  • Director, National Rowing Foundation

  • Member, CFA Society Boston

Education

University of Pennsylvania, B.A.

University of Chicago, MBA

617-337-2936 geneclapp@pimboston.com


Daniel B. Ford III

President, Principal

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Dan is the President of Penobscot and also a shareholder and Director. He has been an Investment Advisor and Portfolio Manager for almost 20 years. Prior to joining Penobscot, he founded Rock Harbor Management, a Cape Cod-based investment firm. He lives in York, Maine with his wife and five children.

Activities & Affiliations

  • Treasurer, York, Maine non-profit sailing program

  • Trustee, Trinity Church, York Harbor, Maine

  • Former Director, Dover foundation

  • Member, CFA Society Boston

  • Member, The Boston Economic Club

Education

Yale University, B.A., History

617-337-2932 danford@pimboston.com



Ronald Garmey

Principal

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Prior to joining Penobscot, Ron served as a partner of the law firm of Hutchins and Wheeler and counsel to Nixon Peabody following the merger of the two firms. He was a member of the private clients group focusing on estate and business planning, estate settlement, and estate and trust litigation. In addition, he served as trustee managing family assets and had served as chairman of the firm’s trust investment committee. Ron is continuing his fiduciary management work at Penobscot. He has served as director/trustee of several nonprofit organizations. A resident of the Back Bay, Ron enjoys golf and family activities at his homes in Stockbridge and Vero Beach.

Activities & Affiliations

  • Former President of The Trustees of Donations to the Episcopal Church

  • Former Chairman of the Board of Selectmen and Town Counsel of the Town of Nahant

  • Member of Massachusetts Bar, and admitted to practice before the United States Tax Court

Education

Harvard College, cum laude graduate

Harvard Law School, graduate

617-337-2938 rgarmey@pimboston.com


Douglas E. Hart

Co-founder, Principal

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Prior to forming Penobscot with Gene Clapp, Doug was a Principal and Portfolio Manager with Marsh & Cunningham, Inc., an investment management firm in Boston. Before joining Marsh & Cunningham, Inc. he was with Kidder Peabody & Co. Doug has run eleven marathons in Boston and San Francisco.

Activities & Affiliations

  • Honorary Trustee, Emma Willard School, Troy, New York

  • Honorary Trustee, Plimoth Plantation

  • Chairman Emeritus of The Wildlands Trust, Plymouth, Massachusetts

  • Director and Treasurer, Hardrock Hundred ultramarathon, Silverton, Colorado

  • Presidential Scientific Advisory Committee, Claudia Adams Barr Program in the Innovative Basic Cancer Research, Dana-Farber Cancer Institute, Boston, Massachusetts

Education

Boston University, B.S. Business Administration

617-337-2933 doughart@pimboston.com


Charles F. "Cap" Kane, Jr.

Principal

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Cap has four decades of experience advising individual investors and managing their portfolios. Before joining Penobscot, he spent 33 years in the securities industry, serving as a Vice President of Kidder Peabody & Co., and a First Vice President of Tucker Anthony and most recently as the Principal of Charles F. Kane Jr. Investment Counsel. Cap enjoys rowing, running and skiing.

Activities & Affiliations

  • Director and Treasurer, Buchanan Family Foundation, Chicago

  • Treasurer, Boston Rowing Federation

  • Investment Committee Member, Duxbury Bay Maritime School

  • Former Chairman, The Trustees of Reservations investment committee

Education

Babson College, B.S., Finance Adminstration

617-337-2931 capkane@pimboston.com


JOHN T. “J.T.” Ligget IV

Portfolio Manager

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J.T. joins Penobscot with over 15 years of experience in the Financial Services industry. Prior to joining Penobscot, he worked for Pershing LLC, a subsidiary of The Bank of New York Mellon, where he helped institutional clients develop and grow their investment advisory platforms. J.T. is an active squash player, golfer and runner. He lives in Waban, MA with his wife and two daughters.

Education

Denison University B.A., Communication

Babson College, MBA

617-337-2935 jtligget@pimboston.com


Colleen C. Macpherson, CFA

Portfolio Manager

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Prior to joining Penobscot, Colleen was a Fixed Income Product Manager at Eaton Vance, a mutual fund company based in Boston. Before joining Eaton Vance, she was with Brown Brothers Harriman. Colleen is a CFA charterholder. She has competitively run several marathons; her most memorable taking place in Clonakilty, Ireland where she was the women’s champion.

Activities & Affiliations

  • Member, CFA Society Boston

  • Member, Dana-Farber Leadership Council

  • Member, Business Associates Club

Education

UMass Amherst, B.S., Accounting

Babson College, MBA

617-337-2939 cmacpherson@pimboston.com


Russell A. Peterson

Portfolio Manager

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Russ is the newest addition to the Penobscot team. His extensive financial experience includes 25 years of Healthcare financial management. Prior to joining Penobscot, Russ served as President of R.A. Peterson Associates, LLC, a financial advisory firm in York Harbor, Maine. Russ has a strong commitment to community service and has contributed many score years of board service.

Activities & Affiliations

  • President and Director, The Star Island Corporation

  • Chairman and Director, South Church, Portsmouth, NH

  • President and Board Member, The Old York Historical Society

  • Chairman and Board Member, The Stockholm, ME School Board

  • Former President, 30-year Member, York, ME Rotary Club

Education

Husson College, B.S., Business Administration

University of New Hampshire, MBA

617-227-3111 rpeterson@pimboston.com


Jonathan R. Phillips

Principal

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Jon has 49 years of experience managing portfolios for individual clients, charitable organizations and multi-generational trusts. He joined Penobscot after 25 years with Fiduciary Trust Company in Boston, where he served as both a Vice President and a member of the company’s Board of Directors. His extensive experience includes many years working with estate planning attorneys throughout New England, as well as numerous positions on local civic and charitable boards. An avid outdoor sportsman, Jon has hunted and fished all over New England and is the author of a book about bird hunting.

Activities & Affiliations

  • Bronze Star for Heroism; the Purple Heart; the Air Medal—United States Infantry service in Vietnam

  • Former President, Rotch Travelling Scholarship— the oldest and most prestigious scholarships for young architects in the United States.

Education

Brown University, B.A., English and American Literature

617-337-2937 jonphillips@pimboston.com


 

Operations Team

 

Martha Hathaway

Director of Operations & Administration

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Martha is responsible for the Operations and Administrative side of the firm. Prior to her current role, she served in senior financial and operational roles at the National Center on Time and Learning and Lotus Development Corporation and oversaw bookkeeping and house management for a private individual. At home, Martha and her family garden organically, raise chickens and keep bees.

Education

Trinity University (TX), B.S., Business Administration

617-337-2942 mhathaway@pimboston.com


Kerry Janas

Senior Client Services Administrator & Head Trader

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Prior to her current role, Kerry worked as a Trust Administrator for 15 years. She has over 25 years of experience servicing clients and their families on a wide range of matters including tax and estate planning, investments, life insurance and real estate. In her spare time, Kerry enjoys hiking, biking and traveling with her family.

Education

Bay State College, Associate of Applied Science, Business Management

617-337-2940 kjanas@pimboston.com


Christine Keiley

Client Services Administrator

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Christine joined Penobscot with over 20 years of experience in the area of Trusts & Estates at Nixon Peabody LLP (formerly Hutchins, Wheeler, & Dittmar).  In her tenure there she assisted in the administration of a scholarship fund, worked on estate and probate documents, and coordinated trust payments.  Christine also has experience in the area of purchase & sale agreements and mortgage documents in both the residential and commercial real estate markets.  In her free time, Chris enjoys the beach and family. 

Education

Aquinas Junior College

617-337-2943 ckeiley@pimboston.com


Alessandra Lastih

Client Services Administrator

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Prior to her current role, Alessandra worked at Morgan Stanley as a Client Service Associate. In her spare time, Alessandra enjoys hiking, tennis, and spending time with her family and friends.

Education

Northeastern University, B.A., History with a minor in Business Administration

617-337-2941 alastih@pimboston.com


Kristin Nicholson

Senior Compliance & Operations Administrator

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Prior to her current role, Kristin worked at Fidelity Investments as a Trust Administrator and, most recently, as a Senior Business Analyst. Her experience includes account and trust administration, client service, financial accounting and business analysis. In her spare time, Kristin enjoys biking, skiing and cooking for her family and friends.

Education

Skidmore College, B.A., English

Boston University, MBA

617-337-2930 knicholson@pimboston.com