Experienced Team of Value Investors

Our ability to deliver superior long-term results is driven by a team of experienced research analysts and portfolio managers. They bring an average of more than 25 years of investment experience and expertise across all major industries and sectors—knowledge which is shared freely in our open, highly collaborative culture. Our team members also contribute a diverse range of backgrounds, perspectives and capabilities. We have a passion for finding the hidden value in underappreciated and misunderstood companies, and a commitment to following disciplined and consistent investment processes.

Investment Professionals

Nicholas F. Galluccio
Nicholas F. Galluccio
Managing Director and Portfolio Manager
Teton Small Cap Select Value
Keeley Teton Small Mid Cap Value
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Nicholas F. Galluccio is Portfolio Manager of the Teton Small Cap Select Value Strategy and the Keeley Teton Small-Mid Cap Value Strategy. Mr. Galluccio joined Teton Advisors, Inc. in 2008, after a 25-year career at Trust Company of the West (TCW) where he was Group Managing Director, U.S. Equities, and led the investment team for the TCW SmallCap Value Added and TCW MidCap Value Opportunities equity strategies. He was senior portfolio manager and co-managed both strategies since their inception. Mr. Galluccio served on the TCW Asset Management Company (TAMCO) Board of Directors. Prior to TCW, he was with Lehman Brothers Kuhn Loeb where he was a security analyst specializing in the semiconductor industry. Prior to Lehman Brothers, Mr. Galluccio was a staff writer for Forbes magazine. He holds an M.B.A. from Columbia Business School, an M.A. from Columbia University and a B.A. from the University of Hartford. He serves on the University of Hartford Board of Regents and on the Executive Advisory Board of the Columbia Business School Program for Financial Studies.

Edward S. Borland
Edward S. Borland
Research Analyst
Keeley Teton Small Mid Cap Value
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Mr. Borland joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 21 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Borland served as a Research Analyst (2011-2017) with Keeley Asset Management Corp. (“KAMCO”). While employed by KAMCO, Mr. Borland provided research to client portfolios for KAMCO’s historical clients in a manner consistent with the manner he employs research for Keeley Teton. Before joining KAMCO, Mr. Borland was the Director of Research (2005-2016) at Hudson Securities. Prior to that, Mr. Borland served as an Analyst at Fiduciary Management Associates, Inc. Mr. Borland received his M.B.A. from Lake Forest Graduate School of Management in 2006, and received his B.S. in Business Administration from the University of Denver in 1993.

Thomas E. Browne, Jr., CFA
Thomas E. Browne, Jr., CFA
Portfolio Manager
Keeley Teton Small and Mid Cap Dividend Value
Keeley Teton Small Mid Cap Value
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Mr. Browne joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 32 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Browne served as a Portfolio Manager (2009-2017) with Keeley Asset Management Corp. (“KAMCO”). While employed by KAMCO, Mr. Browne managed client portfolios for KAMCO’s historical clients in a manner consistent with the strategies he currently manages for Keeley Teton. Before joining KAMCO, Mr. Browne was a Portfolio Manager in charge of Oppenheimer Capital’s small-cap core and small-cap value strategies. Before that, Mr. Browne managed a mid-cap portfolio for SEB Asset Management and was an analyst at small-cap investment firm Palisade Capital Management. Earlier in his career, Mr. Browne was a sell-side technology services analyst for Prudential Securities and was twice recognized in the Wall Street Journal’s Best on the Street survey. Mr. Browne earned his M.B.A. from New York University Stern School of Business and his B.B.A. from the University of Notre Dame. In addition, Mr. Browne holds the Chartered Financial Analyst designation from the CFA Institute.

Scott R. Butler
Scott R. Butler
Senior Vice President and Portfolio Manager
Teton Small Cap Select Value
Keeley Teton Small Mid Cap Value
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Scott R. Butler is Portfolio Manager of the Teton Small Cap Select Value Strategy and the Keeley Teton Small-Mid Cap Value Strategy. Mr. Butler joined Teton Advisors, Inc. in 2010, bringing with him eight years of investment experience. Prior to that, he worked at Trust Company of the West (TCW) on the small and mid-cap portfolio management teams as a special situations generalist with a focus on software, industrial and medical technology sectors. Mr. Butler began as an analyst at Intrepid Capital Management in 2001, covering the video game and software industries. Mr. Butler holds a B.A. from Claremont McKenna College and a B.S. from Columbia University.

William F. Fiedler
William F. Fiedler
Portfolio Manager
Keeley Teton Small Cap Opportunities
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Mr. Fiedler is a portfolio manager with over 30 years of experience in the investment industry and is currently responsible for the following sectors within the Small Cap Opportunities strategy: business services, consumer discretionary, consumer staples, and health care. Mr. Fiedler holds a B.A. in Political Science from Ripon College and a M.B.A. with a concentration in Finance from the University of Wisconsin-Madison.

Prior to his joining Keeley-Teton in March 2021, he was a limited partner of Skyline since 1999 and served as a member of the executive committee. Mr. Fiedler was a portfolio manager with Skyline since March 2001 and was a securities analyst from September 1995 to March 2001. Prior to the establishment of Skyline, Mr. Fiedler was employed as a securities analyst at Mesirow Financial.

Robert M. Goldsborough
Robert M. Goldsborough
Research Analyst
Keeley Teton Mid Cap Dividend Value
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Mr. Goldsborough joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 16 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Goldsborough served as a Research Analyst (2016-2017) with KAMCO. While employed by KAMCO, Mr. Goldsborough provided research to client portfolios for KAMCO’s historical clients in a manner consistent with the manner he employs research for Keeley Teton. Before joining KAMCO, Mr. Goldsborough was an Investment Analyst (2010-2016) at Morningstar, Inc. Prior to Morningstar, Mr. Goldsborough was a Vice President, Research and a Member of the Investment Committee at Ariel Investments, where he began in 2001. Mr. Goldsborough earned his B.A. from Knox College in 1992, his M.S. from Northwestern University in 1994, and his M.B.A. from the University of Chicago in 2001.

Brian R. Keeley, CFA
Brian R. Keeley, CFA
Portfolio Manager
Keeley Teton Small Mid Cap Value
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Mr. Keeley joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 24 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Keeley served as a Portfolio Manager (2006-2017) with Keeley Asset Management Corp. (“KAMCO”). While employed by KAMCO, Mr. Keeley managed client portfolios for KAMCO’s historical clients in a manner consistent with the strategies he currently manages for Keeley Teton. Before joining KAMCO, Mr. Keeley was a Vice President in Research and Trading with Mid-Continent Capital Management, LLC. Prior to this role, Mr. Keeley held various positions at ABN AMRO and The Chicago Corporation. Mr. Keeley earned his M.B.A. from Loyola University – Chicago and his B.A. from the University of Colorado – Boulder. In addition, he holds the Chartered Financial Analyst designation from the CFA Institute.

Brian P. Leonard
Brian P. Leonard, CFA
Portfolio Manager
Keeley Teton Small and Mid Cap Dividend Value
Keeley Teton Small Mid Cap Value
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Mr. Leonard joined Keeley Teton Advisors, LLC (“Keeley Teton”) with over 19 years of investment experience on March 1, 2017. Prior to joining Keeley Teton, Mr. Leonard served as a Portfolio Manager (2004-2017) and Research Analyst and Client Service Associate (2004-2009) with Keeley Asset Management Corp. (“KAMCO”). While employed by KAMCO, Mr. Leonard managed client portfolios for KAMCO’s historical clients in a manner consistent with the strategies he currently manages for Keeley Teton. Before joining KAMCO, Mr. Leonard was an Associate with CRA RogersCasey from 1998 to 2004. Brian earned his M.S. in finance from St. Xavier University’s Graham School of Management and his B.S. from DePaul University. In addition, Mr. Leonard holds the Chartered Financial Analyst designation from the CFA Institute.

Michael Maloney
Michael Maloney
Portfolio Manager
Keeley Teton Small Cap Opportunities
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Mr. Maloney is a portfolio manager with over 31 years of experience in the investment industry and is currently responsible for the following sectors within the Small Cap Opportunities strategy: financial services, materials and processing, REITs, and utilities. Mr. Maloney holds a B.A. in Economics from DePaul University and an M.B.A. with a concentration in Finance from the University of Wisconsin-Madison.

Prior to joining Keeley-Teton in March 2021, he was a limited partner of Skyline since 1995 and served as a member of the executive committee. Mr. Maloney was a portfolio manager with Skyline since March 2001 and was a securities analyst from September 1995 to March 2001. Prior to the establishment of Skyline, Mr. Maloney was employed at Mesirow Financial as a securities analyst and was previously a vice president and investment analyst at Baker, Fentress and Co.

Mark N. Odegard, CFA
Mark N. Odegard, CFA
Portfolio Manager
Keeley Teton Small Cap Opportunities
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Mr. Odegard is a portfolio manager with over 29 years of experience in the investment industry and is currently responsible for the following sectors in the Small Cap Opportunities strategy: autos and transportation, energy, producer durables, and technology. Mr. Odegard holds a B.S. in Accounting and a M.B.A. with a concentration in Finance from DePaul University. He is a Registered Certified Public Account and holds the Chartered Financial Analyst designation from the CFA Institute.

Prior to joining Keeley-Teton in March of 2021, he was a limited partner of Skyline since 1999 and served as a member of the executive committee. Mr. Odegard was a portfolio manager starting in March 2001 and was a securities analyst from March 2001 to October 1995. Mr. Odegard was previously employed by First Chicago Investment Management as an equity research analyst. He was also previously employed as a business analyst by Scott Foresman & Company and as a senior financial analyst at Arthur Andersen.

Key Management Professionals

Kevin M. Keeley
Kevin M. Keeley
President
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Mr. Keeley joined Keeley Teton upon its operational inception on March 1, 2017 and has 26 years of marketing and management experience. Prior to that date, Mr. Keeley served as President (2015-2017) of Keeley Asset Management Corp. (“KAMCO”), the firm founded by his late father, John L. Keeley, Jr. Before joining KAMCO in 2005, he held senior marketing and sales management roles in various professional services organizations, including CenturyLink and National Sales Manager at Qwest Communications International, Inc. Mr. Keeley graduated with a B.A. from Indiana University. In addition to his roles with Keeley Teton and the KEELEY Funds, he is the Managing Partner of Joley Partners, LLC, a family office entity. Mr. Keeley also serves as both an Officer and Director for the Keeley Family Foundation, a charitable not-for-profit corporation, President of the Prairie Trail Federation, Inc., a not-for-profit civic and charitable organization, and Trustee of the Chicago Zoological Society, serving on the Finance & Investment Committee.

Deanna B. Marotz
Deanna B. Marotz
Chief Compliance Officer
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Ms. Marotz joined Keeley Teton upon its operational inception on March 1, 2017 and has 15 years of chief compliance officer advisory experience. Prior to that date, Ms. Marotz served as the Chief Compliance Officer (2015-2017) of Keeley Asset Management Corp. (“KAMCO”) and the Keeley Funds, Inc. Before joining KAMCO, Ms. Marotz was the Chief Compliance Officer for Invesco PowerShares Capital Management, LLC, serving in that role for seven years. Prior to Invesco PowerShares, Ms. Marotz was the Chief Compliance Officer for Skyline Asset Management and the Skyline Funds. Ms. Marotz has a B.S. from Eastern Illinois.