Management Team

Allen F. “Pete” Grum

Allen F. “Pete” Grum

President and Chief Executive Officer

Pete Grum became a Rand Director when he joined the Company in 1996.  He is a seasoned financial services executive with more than 20 years of experience with financial services organizations. He oversees the Company’s investment activities and takes an active role in the investment process from deal sourcing to fund marketing. He earned his Master of Business Administration from Rochester Institute of Technology and his Bachelor of Arts in Economics from Eisenhower College.

Daniel P. Penberthy

Daniel P. Penberthy

Executive Vice President, Treasurer and Chief Financial Officer

An experienced financial executive, Dan Penberthy is responsible for sourcing deals and administration of the Company's investments. He also oversees our financial operations. He earned his Bachelor of Science from St. Bonaventure University and his Master of Business Administration from the State University of New York at Buffalo.

Margaret Brechtel

Margaret Brechtel

Vice President of Finance

Margaret Brechtel is responsible for the Company's regulatory compliance and financial reporting. A CPA, she has over 25 years of experience in the finance and accounting service industry. She earned her Bachelor of Science and her Master of Business Administration from the State University of New York at Buffalo and is a Certified Public Accountant in the State of New York.