Lisa H. Leonard
Managing Director and Portfolio Manager, Municipal Securities
Newfleet Asset Management, LLC
Lisa Leonard is managing director and portfolio manager of municipal securities at Newfleet Asset Management, an investment management affiliate of Virtus Investment Partners.
Ms. Leonard specializes in both taxable and tax-exempt municipal bonds. She manages a number of municipal bond portfolios, including the Virtus Tax-Exempt Bond Fund, high-net-worth portfolios for Newfleet, and institutional portfolios for Virtus’ affiliated manager Duff & Phelps Investment Management Co. She is also on the management team of DTF Tax-Free Income, Inc., a closed-end fund managed by Duff & Phelps.
Ms. Leonard has been with Virtus and its affiliates since 1987 in successive fixed income roles. She joined Newfleet in 2011 after serving as vice president and portfolio manager, fixed income of Virtus affiliate Virtus Investment Advisers (VIA) from 2008 to 2011. Previously, she was associated with Goodwin Capital Advisors, formerly an affiliate of VIA, and was also director, municipal research (1998-2007), director, investment operations (1994-1998), and fixed income trader (1987-1993) of VIA.
Previously, Ms. Leonard was a municipal finance analyst with Connecticut Bank & Trust. She holds a B.S. from the University of Connecticut and began her career in the investment industry in 1986.