Ledyard Wealth Management announced the appointment of Karissa McDonough, CFA, as Chief Investment Officer and Senior Vice President, effective March 30, 2026. She succeeds Doug Phillips, who asked to transition to the role of Chief Investment Officer Emeritus, and will remain actively involved with the firm’s Investment Strategy Team for another year and will continue to work with clients.
“Karissa McDonough is an exceptional investment leader whose depth of experience, leadership style, and investment discipline strongly position her to lead our investment platform into the future,” said Josephine Moran, Chief Executive Officer of Ledyard Bank, “She brings nearly three decades of investment management and capital markets experience, a strong governance mindset, and a proven ability to lead through complex market environments. Just as importantly, this transition reflects continuity and strength, as Doug Phillips will remain closely engaged with our investment team and our clients.”
Karissa brings more than 29 years of experience in investment management, fixed income strategy, and capital markets, serving institutional, municipal, and high‑net‑worth clients. Most recently, she was Senior Vice President and Fixed Income Strategist at Nottingham Advisors, where she established a formal Investment Committee structure to enhance investment governance and decision‑making. In that role, she led fixed income asset allocation and credit teams, oversaw portfolio construction and risk management.
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