Constituent Societies


The California Society of Municipal Analysts (CSMA) was established in 1986 as a non-profit organization for the purpose of encouraging professional development through discussions, meetings and presentations of issues relevant to municipal credit analysis. The CSMA is the California affiliate of the National Federation of Municipal Analysts.

Membership in the society is open to municipal analysts and municipal portfolio managers who meet the standards as established by the organization and outlined in the By-laws. Dues are collected annually by the NFMA on behalf of the CSMA. The CSMA welcomes new members to the organization and encourages their participation. Currently, there are over 170 members in the CSMA.

The CSMA 2017 Fall Conference in Napa handouts are posted. To view handouts for this meeting, click here.

The CSMA held its 2016 Fall Conference in Napa. To view handouts for this meeting, click here.

Suggestions for events or topics?  Click here.

2017 Officers

Chair Michael Ginestro Bel Air Investment Advisors
Vice Chair Karen Ribble Fitch Ratings
Secretary/Treasurer Robin Fisher Franklin Templeton
Senior Program Chair Jason Pollack  National Public Financial Guarantee
Program Chair

Alexandra Cimmiyotti

Moody's Investors Services
At Large Member Marie Autphenne            Raymond James
Immediate Past Chair Mark Capell Build America Mutual