Current Board Members

2017-2018 Executive Board

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Cheryl S. Wald
PRESIDENT
Cheryl S. Wald, CPA, CFO
Chief Financial Officer – Mason Public Schools
Mason, MI

Cheryl S. Wald, CPA, CFO, became the Chief Financial Officer for Mason Public Schools in November 2014. Previously, she served as the Director of Finance for Howell Public Schools for 16 years. Ms. Wald’s experience includes private consulting, Director of Finance for Central Michigan Lumber and auditor for both Plante & Moran, PLLC and Peat Marwick. She served as a board member and Past President of the Michigan School Business Officials and was honored in 2016 as an Emeritus Board member of the Greater Lansing Food Bank, where she had been a board member for 22 years. Ms. Wald received her Bachelor of Science in Business degree with a major in accounting from Miami University, Oxford, Ohio and is a certified public accountant. She was an Honorary Chair for the 2010 Michigan Women in Finance annual conference and previously served as President in 2014-2015. Cheryl has served on the Board of Michigan Women in Finance since 2011.

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Venita Terry
VICE PRESIDENT
Venita A. Terry
Finance Manager – Ypsilanti Community Utilities Authority
Ypsilanti, MI

Venita Terry has been with Ypsilanti Community Utilities Authority since 2003. In her role, as Finance Manager, she manages the Accounting and Customer Service departments that are responsible for the treasury, accounting, utility billing, and customer service functions. She is a real estate agent in addition to her role in finance. She earned her Bachelor of Business Administration in Finance from Cleary University and a Master of Public Administration in Public Management from Central Michigan University. She is a Certified Public Funds Investment Manager, and is a licensed State of Michigan realtor. She is currently a member of the Michigan Government Finance Officers Association, Michigan Municipal Treasurers Association, and Greater Metropolitan Association of Realtors. Venita joined the Michigan Women in Finance board in 2014.

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Jane M. Saurman
TREASURER
Jane M.  Saurman
Chief Financial Officer – Kent District Library
Grand Rapids, MI

Jane Saurman is the Chief Financial Officer for the Kent District Library in greater Kent County, Michigan. She began her career 30 years ago as the elected Treasurer for the City of Kentwood. She comes to KDL from Hungerford Nichols CPAs and Advisors where she was the Senior Governmental Consultant with 25 years of experience, specializing in auditing and consulting services for governmental units, primarily school districts and municipalities. She has a Bachelor of Science degree in Business Administration from Lake Superior State University, and she is a member of several associations, including the Michigan Library Association, American Library Association, Government Finance Officers Association, Michigan Government Financial Officers Association, Michigan Municipal Treasurers Association, and Kent County Treasurers Association. Jane joined Michigan Women in Finance Board in 2015.

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Glenna M. MacDonald
SECRETARY
Glenna M. MacDonald
Director of Finance – Howell Public Schools
Howell, MI

Glenna M. MacDonald, CPA, CFO, joined Howell Public Schools in December, 2014, as the Director of Finance. Prior to that, she served as the Supervisor of Finance at Huron Valley School District for six years and the Director of Accounting for Brighton Area Schools for ten years. Ms. MacDonald’s experience also includes 10 years public accounting experience with Arthur Young, Ernst & Young and Post, Smythe, Lutz and Ziel. In addition, she has five years finance experience in non-profit entities with the Michigan Metro Girl Scouts and Huron Services for Youth. Ms. MacDonald is a member of Central Michigan School Business Officials, Michigan School Business Officials and is a Past-Chairperson of the Michigan School Business Officials Finance Committee. She has also served on the Board of Michigan Class, a local government investment pool, since 2008. Ms. MacDonald received her Bachelor of Science, Major in Accounting, from Northern Michigan University and is a certified public accountant.  Glenna has served on the Board of Michigan Women in Finance since 2015.

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2017-2018 Directors

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Katrina P. Desmond
Attorney and Counselor at Law – Miller Canfield
Detroit, MI

Katrina Desmond is an attorney at Miller Canfield in Detroit. She is one of a very small number of attorneys nationwide who work extensively in the area of law dealing with Internal Revenue Code Section 103, specializing in the rules relating to the issuance and post-issuance compliance for tax-advantaged bonds. Katrina has extensive experience in matters related to federal tax opinions on tax-exempt bonds, financing capital projects and infrastructure improvements, economic development and environmental response projects, government and regulatory affairs, health care and housing, including tax structuring for New Market Tax Credit financings, and other public private partnership transactions. She is a graduate of the University of Michigan Law School and the University of Notre Dame with a degree in Accountancy.  Katrina is also a Certified Public Accountant. Katrina joined the Michigan Women in Finance Board in 2017.

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Julie M. Gust
Julie M. Gust
First Vice President, Municipal Banking – Chemical Bank
Troy, MI

Julie M. Gust is First Vice President of Municipal Banking with Chemical Bank in Troy, MI. She has spent her 30 year career managing municipal fund relationships, delivering deposit, treasury management and lending services throughout Michigan. Julie has held various board positions with local county treasurers associations and the Michigan Municipal Treasurers Association. Julie is an active member of the Michigan County Treasurers Association, Michigan Government Finance Officers Association and Michigan School Business Officials. She holds a Bachelor of Arts Degree in Communications from Michigan State University. Julie has served on the MWIF Board since 2015.

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Janice M. Hursey-Anderson
Collections Manager – Michigan Guaranty Agency – Michigan Department of Treasury
Lansing, MI

Janice Hursey-Anderson has been employed with the State of Michigan since 2006 and has worked with the Michigan Department of Treasury since 2014. She is the Collections Manager of the Student Loans Repayment Divisions – Michigan Guaranty Agency, which administers the Federal Family Education Loan Program (FFELP) which includes the Subsidized Federal Stafford Loan Program, the Unsubsidized Federal Stafford Loan Program, the Federal PLUS Loan Program and the Federal Consolidation Loan Program. Janice previously served as the Economic Manager with the Department of Technology, Management and Budget’s – Labor Market Information & Strategic Initiatives Bureau. She received a Bachelor of Business Administration Degree from Davenport University and a Master’s Degree in Strategic Management from Davenport University. Janice joined the Michigan Women in Finance Board in 2017.

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Annette M. Jones
Vice President – Stifel, Nicolaus & Company, Incorporated
Okemos, MI

Annette Jones has worked in the Michigan public finance industry since 1988.  She joined the Michigan Public Finance Office of Stifel in July 2008, after serving as Associate and Support Banker for Wachovia/A.G. Edwards.  Annette has extensive experience working directly with municipal issuers; researching, preparing and marketing various offering documents for municipal sales.  In the past 29 years, Annette has worked on over 650 Michigan transactions totaling more than $26 billion.  Annette is a Registered Securities Representative (Series 52 and 63) of FINRA.  Annette previously served on the Michigan Women in Finance Board from 2012 through 2015 and has rejoined the Michigan Women in Finance Board in 2017.

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Toni Koss
Toni Koss
Managing Director – The PrivateBank
Birmingham, MI

Toni Koss is Managing Director at The PrivateBank, responsible for leading the Municipal Funds team. Toni joined the bank in 2008 and is charged with bringing depository solutions to public clients across the state. Prior to joining The PrivateBank, Toni served at Standard Federal Bank where she held various positions servicing public funds and commercial clients. Toni is an associate board member of the Wayne County Treasurers Association and a member of several local treasurer associations, including the Michigan Association of County Treasurers, Michigan Government Financial Officers Association and Michigan Municipal Treasurers Association. Toni joined the Michigan Women in Finance Board in 2014.

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Christa J. McLellan
Deputy CFO/Treasurer – City of Detroit
Detroit, MI

Christa McLellan has worked in the municipal finance arena for over 20 years. She became a member of the City of Detroit team, as Treasurer, in January of 2017. Before joining the City, she served as the Deputy Treasurer of Financial Services and as the Director of Accounting and Financial Reporting (each for 6 years) for Wayne County, Michigan. Christa has also worked as an auditor of public sector entities for both Rehmann and KPMG LLP. Christa is a CPA and a Certified Fraud Examiner, and received her Bachelor of Business Administration from the University of New Mexico. Christa’s professional activities include being the immediate past president of the Michigan Government Finance Officers Association, past president and board member of the Wayne County Treasurer’s Association and a member of the AICPA, the Association of Certified Fraud Examiners, the GFOA and the MICPA. Christa joined the Michigan Women in Finance Board in 2017.

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Marilyn J. Montgomery
Marilyn J. Montgomery
Financial Analyst – Lansing Board of Water and Light
Lansing, MI

Marilyn has been with the Lansing Board of Water and Light since 2007. During that time she has been involved in the field of finance serving as Treasury Analyst, Sr. Rate Analyst, and Supervisor of Finance and Planning. She retired from General Motors in 2006 where she held numerous positions in the accounting and finance areas. Ms. Montgomery received her Bachelor of Science in Business Administration with a major in accounting and a minor in economics from Central Michigan University. She also has a Master of Management degree from Aquinas College, and is currently working on a MBA with a concentration in finance from the University of Michigan-Flint. She was recently inducted into Beta Gamma Sigma which is an international honor society for collegiate schools of business. Marilyn joined Michigan Women in Finance Board in 2015.

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Lisa Powell
Lisa Powell, CTP, CPFIM
Vice‐President, Government Banking Relationship Manager – Flagstar Bank
Grand Rapids, MI

Lisa has been in banking over 20 years, and joined Flagstar Bank in 2010. She is a member of the Bank’s Government Banking team that currently serves over 400 Michigan municipalities and school districts, delivering investment, checking and Treasury Management services to the Bank’s public sector clients. She grew up in the Kalamazoo, Michigan area and is a graduate of Western Michigan University. Lisa is active in a number of organizations, including the Michigan Association of County Treasurers, Michigan School Business Officials, Michigan Governmental Finance Officers Association, Michigan Municipal Treasurers Association, Kent, Ottawa and Kalamazoo County Treasurers Associations, and the West Michigan Association for Financial Professionals. She is on the fund raising committee for Holland Hospital’s Culinary Cabaret, and previously served on the board for the West Michigan Association for Financial Professionals. Lisa joined the Michigan Women in Finance board in 2016.

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Andreea Raetchi
Andreea Raetchi
Vice President, Non-Profit & Healthcare Banking – Citizens Bank
Southfield, MI

Andreea Raetchi is Vice President, Non-Profit and Healthcare Banking and has been with Citizens Bank since 2013. Andreea started her career in banking in 2004 after receiving her BS in Finance from Oakland University in Rochester Hills, MI. Andreea works with clients in the highly specialized healthcare, education and non-profit sectors. Her responsibilities include business development, structuring and negotiating deals and managing a portfolio of existing clients. Andreea also serves on the Board of the Michigan Roundtable for Diversity and Inclusion. Andreea joined the Michigan Women in Finance Board in 2015.

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Dina A. Reed
Dina A. Reed
Senior Financial Analyst – Acro Service Corporation
Livonia, MI

Dina Reed joined Acro Service Corporation in 2017. Previously, Ms. Reed served in various financial management and leadership roles in both public and private sector organizations, including Wayne County Airport Authority, Starwood Hotels, Northwest Airlines and Walt Disney World. Dina is a member of the Government Finance Officers Association (GFOA) and Inforum Center for Leadership and has serviced in various leadership roles with the Airports Council International North America (ACI-NA) Finance Committee, and American Association of Airport Executives (AAAE) where she earned her designation as a Certified Member (C.M.). Dina earned her Bachelor’s degree in finance from Eastern Michigan University and her Master’s degree in business from Michigan State University. She is also a graduate of Inforum Center for Leadership’s Executive Leadership Program. Dina joined the Michigan Women in Finance board in 2016.

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Alyson Schafer
Alyson Schafer
Assistant Vice President, Public Finance – Robert W. Baird & Co.
Lansing, MI

Alyson Schafer has been with Robert W. Baird & Co. since 2013. Since joining Baird, Alyson has been responsible for providing banking and analytical support on various state and local level transactions. Alyson received her Bachelor of Arts in Finance from the Eli Broad College of Business as well as a minor in economics from Michigan State University. She is also licensed through the Financial Industry Regulatory Authority (FINRA) as a Municipal Securities Representative (Series 52) and as a Municipal Advisor Representative (Series 50). Alyson joined the Michigan Women in Finance Board in 2015.

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Kari Shea
Kari Shea
CPA, Audit Manager – Plante Moran, PLLC
Southfield, MI

Kari Shea has over 14 years of experience in public accounting. Kari is licensed to practice as a certified public accountant in Michigan. Kari works as part of the firm’s attestation and consulting practice, primarily serving local governmental units, not-for profit and healthcare clients. Her recent experience beyond job organization and management, training and supervision of staff, and communication with clients includes: management of compliance audits of federally funded programs, assistance with design and review of internal control systems, financial forecasting and developing strategic plans for multi-year budgeting, and general business consulting. Kari has been appointed as a governmental and not-for-profit single audit engagement specialist. Kari is a member of the American Institute of Certified Public Accountants, Michigan Government Financial Officers Association where she sits on the Legislative Committee, and joined Michigan Women in Finance in 2013.

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Christina B. Struwe
Chris Struwe
Investment Technician City of Southfield
Southfield, MI

In May 2017, Chris Struwe became Investment Technician for the City of Southfield. Prior to joining the City of Southfield Chris was a government Banking Relationship Manager for 15 years with Huntington Bank and has extensive treasury/government banking experience in Southeastern Michigan. Chris has been a member of several county treasurer associations, and has served as a board member on the Wayne, Oakland and Macomb Treasurer’s associations. In addition, she has been a member of Michigan Association of County Treasurers, Michigan Government Finance Officers’ Association, Michigan Municipal Treasurers Association and Detroit Treasury Management Association. Chris is a member of the American Business Women’s Association (ABWA), Novi Oaks Charter Chapter. In 2014, Chris was recognized nationally as one of the Top Ten Business Women of ABWA. She holds a Bachelor of Arts in Business Management from Madonna University; and a MBA Essentials Certificate from ABWA-Kansas University School of Business. Chris joined the Michigan Women in Finance Board in 2015.

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Amy Thurston
Senior Consultant – H.J Umbaugh and Associates, Certified Public Accountants, LLP
Okemos, MI

Amy Thurston has been with H.J. Umbaugh and Associates since 2015.  Prior to working for Umbaugh she worked in corporate accounting and finance in the automotive and defense industries.  She assists public school districts throughout the state of Michigan with capital improvement planning, bond issuance, general fund cash flow analysis, and refunding of existing bond issues.  She is a registered Municipal Advisor.  She received a Bachelor of Arts in Accounting from the Eli Broad College of Business at Michigan State University.  Amy joined the Michigan Women in Finance since 2017.

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Jennifer C. Trowbridge
Jennifer C. Trowbridge, CFA
Co-Founder & Managing Principal – RedTree Investment Group
Cincinnati, OH

Jennifer C. Trowbridge, CFA is the co-founder of RedTree Investment Group, a registered investment advisor formed in 2014 to work exclusively with public entities to help manage and invest their funds. She has nearly 20 years of experience in the investing industry, the vast majority of those years dedicated to Public Funds. Prior to founding RedTree, Jennifer worked at Robert W. Baird and Fifth Third Bank. Jennifer has both her B.S.B.A. in Finance and her M.B.A from Xavier University. She received the Chartered Financial Analyst designation in 2006. Jennifer joined the Board of Michigan Women in Finance in 2016.