It’s our people who set us apart.

Cindy Castellano is the CEO of Cutter Associates and has over 30 years of experience in the investment management industry. She formerly led Cutter Associates’ Client-Facing and Wealth practices, advising asset and wealth management firms on their sales and distribution, marketing, product development, consultant relations, client service, and client reporting. Cindy has conducted system searches for CRM, marketing automation, portals, pitchbooks/client presentation, content management, client reporting, client onboarding, and RFP systems. Prior to joining Cutter, Cindy served as Vice President and Head of Operations for a division of Guggenheim Investments, where she led mutual fund accounting and administration; institutional accounting, billing, and client reporting; SMA operations, performance reporting (GIPS); and fixed income performance, attribution, and risk reporting. As Vice President and Head of Equities, Cindy led the firm’s investment team and supervised equity trading activities.

Cindy also spent 10 years as a Senior Portfolio Manager and Research Analyst, managing over USD 500 million in AUM for mutual funds and VITs using social awareness (ESG), large cap growth, and mid-cap growth investment strategies. She developed the investment process, directed research analysts’ day-to-day efforts, and created the firm’s social criteria and proxy voting guidelines. Cindy, a Chartered Financial Analyst, holds a bachelor’s of business administration from Washburn University. 

Michiko “Mischa” Matsubara, Chief Financial Officer of Cutter Associates, has 20 years of experience in business development and project management in financial IT and operations outsourcing. Mischa joined Cutter in 2021 from Nomura Research Institute (NRI), Cutter’s parent company, where she held several high-profile roles in project management, group management, sales, and business management for NRI’s asset management and investment banking clients. At Cutter, she is responsible for all aspects of corporate financial and planning, and also leads the effort to improve the firm’s operational efficiency. Prior to NRI, Mischa worked at another IT company in Tokyo in various roles, including ERP Project Manager and System Consultant Leader.

Gina McCafferty has 30 years of experience in the financial services industry. She served at Cutter from 1999 to 2011 as Principal and Managing Director of CutterResearch, and she was instrumental in growing that business. Gina returned to Cutter in 2017, and established and ran the company’s Wealth Management research division. In 2019, she was appointed to Head of Research, responsible for Asset Management and Wealth Management product development and delivery to over 200 member firms around the globe. Gina was previously at Investit Ltd., where she served for six years as head of the company’s research service. Prior to that, she held senior positions at DST International with product responsibility for their global accounting and performance measurement systems, and at SunGard as Vice President of Client Services for their securities trading products.

Natalie McIntyre, Head of Consulting at Cutter Associates, brings extensive asset and wealth management background experience, along with technology expertise, to Cutter’s team. During her career, she has been at the forefront of leveraging data, technology, and AI to drive next-generation investment management across the value chain.

Prior to joining Cutter in January 2025, Natalie was the Head of Technology Consulting, formerly Axxsys Consulting, and a partner at Alpha FMC AWM North America, where she served as a senior advisor to asset and wealth managers, delivering end-to-end solutions spanning business strategy, transformation, technology design, and implementation. She advised clients on their strategic technology direction, data governance practices, trading platforms and practices, portfolio management tools, and operational organization, as well as data management architecture, tools, and practices. Natalie holds a Bachelor of Science in business and economics, with a pre-law concentration, from Skidmore College.

David Joyce leads Cutter Associates’ Client Experience, ensuring client satisfaction across all engagement points as the voice of the client within Cutter. A senior technology and operations leader, David brings over 25 years of experience in leading operations, risk, and technology teams to help them devise and implement agile solutions, mitigate risk, increase scale, and build a culture of operational excellence.

Most recently, he served as an independent consultant to asset management, insurance, and fintech firms, providing expertise and guidance in the areas of derivatives, portfolio integration, customer success, project management, regulatory and control environments, and software development and implementation. Prior to consulting, David spent 20 years at American International Group (AIG) in a variety of increasingly senior roles. At AIG, he implemented innovative tactical and strategic solutions for the firm’s global businesses and led over 40 employees in multidisciplinary teams that performed investment and insurance operations, regulatory and control supervision, IT support, and workforce and facilities management.

Dasha Weidus joined Cutter Associates in March 2024 and leads the firm’s membership services efforts. She is a direct point of contact for Cutter Research members.

With a passion for customer excellence and exceptional attention to detail, Dasha ensures that clients receive the highest quality of service support. Her knowledge of the financial industry helps her to better understand our members’ unique needs, inquiries, and most important issues.

Dasha has gained extensive experience in the financial services industry. She previously worked for Morgan Stanley and Rockefeller Capital Management, supporting financial advisors within the regulatory reporting and subscription management groups for private equity and alternative investments, brokerage operations, and donor-advised funds.

Dasha is fluent in English, Russian, and Polish.