fixed income management

Ed Appel

Managing Director

Edward F. Appel is a Managing Director and Portfolio Manager of certain of the Firm’s private funds and the Municipal Value Strategy. Prior to joining Silvercrest in 2005, Mr. Appel spent 9 years as the Director of Research of the Municipal Bond Department at Maxcor Financial Group. In 1995 he was a Partner and Director of Research at Cambridge Partners. Mr. Appel joined Lehman Brothers in 1989 as a Senior Vice President in the Municipal Bond Department and was named to the Institutional Investor All-American Fixed Income Research Team in 1994. Previously he was a Vice President of risk underwriting at Bond Investors Guaranty and a Vice President at Standard & Poor’s Corporation. Mr. Appel began his career in hospital finance and was Budget Director of St. Clare’s Hospital in New Jersey. He is a graduate of the University of Scranton with a B.S. in Accounting.