Archives: Team profiles

Carlos A. Aro

Mr. Aro joined Ponder & Co. in 2009. As a Vice President in the Capital Markets Group with a focus on derivatives, he is responsible for financial modeling and analytical reporting for clients’ bond and swap portfolios. These analyses cover areas of cash flow expectations, mark-to-market and collateral posting stress tests as well as accounting … Continued


Mr. Atchison has over 35 years of experience as a financial advisor and investment banker to the not-for-profit healthcare industry. Since 1985, he has specialized in providing merger and acquisition advisory services to a diverse group of healthcare companies. He has managed more than 150 M&A assignments, including 95 completed buy-side, sell-side and merger transactions. … Continued

Jake Aygun

Mr. Aygun joined Ponder & Co. in 2004. As a vice president for the M&A Group, he is responsible for evaluating the financial performance of hospitals and healthcare systems, market analysis and valuation. Mr. Aygun also focuses on strategic options assessments and assists in transaction development and execution processes. Previously, Mr. Aygun worked in Ponder … Continued


Ms. Brown has more than 20 years of experience in healthcare finance and investment banking. She joined Ponder & Co. in 2002 and is a managing director for the Capital Advisory Group, serving as financial advisor to a variety of healthcare clients, primarily acute care hospitals and health systems nationwide. She has maintained long-standing relationships … Continued


Mr. Cesarone joined Ponder & Co. in 2003. As president and CEO of Ponder Investment Co., he is responsible for providing fixed income management to clients with an emphasis on those focused on the short and intermediate part of the yield curve. Mr. Cesarone has more than 30 years of experience in the investment industry. … Continued

Holly C. Houston

Ms. Houston joined Ponder & Co. in 2015. As a vice president for Capital Advisory, she is responsible for evaluating the financial performance of hospitals and healthcare systems, credit capacity, and access to capital markets. Previously, Ms. Houston worked for a non-profit foundation investing in agricultural development projects in emerging markets. As Director of Finance, … Continued

John E. Cheney

Mr. Cheney has provided financial advisory services for more than 25 years to non-profit organizations. He specializes in healthcare services, healthcare insurance, higher education and life science research. Mr. Cheney joined Ponder & Co. in 2003 and serves as a managing director for Capital Advisory. Mr. Cheney has advised many organizations on raising debt capital … Continued

Jennifer K. Daugherty

Ms. Daugherty joined Ponder in 2008 and currently serves as a managing director for Capital Advisory. She has more than 30 years of experience in providing investment banking and financial advisory services to hospital systems, academic medical centers, public hospitals and HMOs. Ms. Daugherty has completed transactions totaling $25+ billion for healthcare providers, including tax-exempt … Continued

Bradley Dills

Mr. Dills joined Ponder & Co. in 2017. As an analyst in the Capital Advisory Group, he is primarily responsible for providing quantitative analysis in structuring complex financing transactions. Mr. Dills holds a B.A. in Neuroscience with a minor in Financial Economics from Vanderbilt University in Nashville, Tennessee.

Julian R. Head

Mr. Head joined Ponder & Co. in 1991 and now focuses his 25+ years of healthcare finance experience in advising clients on strategic direction. His broad responsibilities in the past have included quantitative and structural analysis of derivatives, evaluation of complex assets and liabilities and tax-exempt healthcare debt pricing. He has been involved in the … Continued