LOGIC

The people behind LOGIC.

Created by Texas, for Texas.

Maintaining fiscal responsibility, liquidity and solid investment returns are critical challenges for local governments. Government entity officials — in partnership with financial services leaders — leveraged their unique understanding of investing public funds to create LOGIC.

Governing Board

Consists of individuals from participating Government Entities in the pool. The business and affairs of LOGIC are managed by the Board.

J.P. Morgan Asset Management

Provides investment management, fund accounting, transfer agency and custodial services for the pool.

Hilltop Securities Inc.

Provides administrative, marketing and participant services for the pool.

Together, these organizations bring to the LOGIC program a proven and noted track record in local government investment pool management.

Governing & Advisory Board.

Individuals from participating government entities and qualified advisors who set program direction and oversee LOGIC.

Sandy Newby
President

Sandy Newby

Tarrant Regional Water District
Term expires December 2027
Greg Jordan
Vice President

Greg Jordan

Fort Worth Transportation Authority
Term expires December 2026
Jeanne Chipperfield
Secretary

Jeanne Chipperfield

North Texas Municipal Water District
Term expires December 2028
Kelley McGuire
Board Member

Kelley McGuire

North Texas Tollway Authority
Term expires December 2028
Kelvin Bryant
Advisory Member

Kelvin Bryant

City of McKinney
Term expires September 2028
Monte Mercer
Advisory Member

Monte Mercer

Qualified Non-Participant
 
David Medanich
Ex Officio Trustee

David Medanich

Hilltop Securities Inc.
Andrew Linton
Ex Officio Trustee

Andrew Linton

J.P. Morgan Asset Management

Hilltop Securities Inc.

Since 1946, HilltopSecurities has supported the bold visions of public entities across the nation. Known for its national public finance business, HilltopSecurities’ tailored approach gives municipal partners the deep industry knowledge to build thriving communities.

Of Municipal Advisors
#2 Nationally*

Consistently ranked among the top financial advisory firms in the United States in public finance.

Of Investment Banking
80+ years

Eight decades of financial expertise, innovative thinking, and uncompromising integrity in public finance.

Bond Buyer Recognition
30+ awards

More than thirty Deal of the Year honors from The Bond Buyer, recognizing leadership in complex public finance transactions.

*For the 10-year period ending Dec. 31, 2024 based on total number of issues per Ipreo MuniAnalytics.

Mary Ann Dunda
SMD, Head of Governmental Services

Mary Ann Dunda

Hilltop Securities Inc.
Mica Owens
SVP, Senior Public Funds Sales Director

Mica Owens

Hilltop Securities Inc.
Brenda Roznowski
SVP, Client Services Director

Brenda Roznowski

Hilltop Securities Inc.

J.P. Morgan Asset Management.

J.P. Morgan Asset Management is one of the world’s largest liquidity managers, relied on for over 200 years to help clients build stronger portfolios. Rigorous credit and risk management, paired with a global investment platform, enables J.P. Morgan to deliver short-term fixed income strategies for shifting markets.

Assets Under Management
$4.0T*

A leading investment manager serving institutions, financial intermediaries, and individual investors worldwide.

Heritage of
200+ years

A heritage of investment management spanning more than two centuries.

World Market Reach
#1 Largest**

Institutional Rule 2a-7 money market fund and #1 global institutional money market fund manager in AUM.

*Based on the AUM for the Asset Management (JPMAM) division of JPMorgan Chase & Co., as of September 30, 2025.
**iMoneyNet and iMoneyNet Fund Analyzer; based on AUM data as of December 31, 2025.

Elizabeth Locksley
Senior Investment Specialist

Elizabeth Locksley

J.P. Morgan Asset Management
Christopher Mercy
TexSTAR Portfolio Manager

Christopher Mercy

J.P. Morgan Asset Management
Doris Grillo
LOGIC Portfolio Manager

Doris Grillo

J.P. Morgan Asset Management