Management Team

Daniel P. Penberthy

Daniel P. Penberthy

President and Chief Executive Officer

Mr. Penberthy was appointed President and Chief Executive Officer in December 2021.  He had served as Treasurer and Chief Financial Officer of Rand since 1997.  He oversees the Company’s investment activities and takes an active role in the investment process from deal sourcing to fund marketing. From 1993 to 1997, Mr. Penberthy served as Chief Financial Officer for both the Greater Buffalo Partnership (formerly the Chamber of Commerce) and the Greater Buffalo Convention and Visitors Bureau. Prior, from 1990 to 1993, Mr. Penberthy was employed by Greater Buffalo Development Foundation and KPMG. 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 W. Brechtel

Margaret W. Brechtel

Executive Vice President, Treasurer, Chief Financial Officer and Secretary

Ms. Brechtel was appointed Executive Vice President, Treasurer, Chief Financial Officer and Secretary in December 2021. She oversees financial operations and is responsible for regulatory compliance and financial reporting.  A CPA, she has over 25 years of experience in the finance and accounting service industry.  Ms. Brechtel 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.

Nancy Stone

Nancy Stone

Chief Compliance Officer

Ms. Stone was appointed Chief Compliance Officer in December 2021.  She is responsible for the Company’s regulatory compliance.  A Certified Fraud Examiner and CPA, she has over 30 years of experience in banking and regulatory compliance. Her career includes serving as Chief Compliance Officer responsible for FINRA and Federal bank regulatory compliance, as well as other banking, compliance, accounting, and internal audit roles.  Ms. Stone earned her Bachelor of Arts in Economics with a concentration in Finance from the State University College of New York at Buffalo and her Master of Business Administration in Professional Accounting from Canisius College in Buffalo.