Ledyard Wealth Management in Hanover, NH, announced the appointment of Karissa McDonough, CFA, as Chief Investment Officer and Senior Vice President, effective March 30, 2026. She succeeds Doug Phillips, who will transition to the role of Chief Investment Officer Emeritus, remaining actively involved with the firm’s Investment Strategy Team for another year and continuing 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.
Ledyard Financial Group, Inc., with headquarters in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a $1 Billion, full-service community bank with a $2.4 Billion Wealth Management Division. It offers a broad range of banking, investment, tax and wealth management services. Ledyard Financial Group, Inc. shares are traded on the OTCQX® Market through SEC regulated OTC Link® ATS under the trading symbol LFGP. Shares may be traded through an individual’s broker. For more information, please refer to the Investor Relations section of the bank’s website at www.ledyard.bank or contact the bank’s Chief Financial Officer, Peter Sprudzs.
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