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Leadership Team

Ziegler is proud to have a strong leadership team of professionals with extensive industry experience.  Read the professional backgrounds of Ziegler's key leaders below:


John Mulherin Portrait

John Mulherin - Chief Executive Officer

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

John Mulherin is chief executive officer of Ziegler. As CEO, he leads Ziegler's efforts to accelerate its revenue and profit growth through business plan execution, M&A, strategic alliances and proprietary investing. He joined the company in January of 2000. His prior financial services experience includes executive responsibilities at Fidelity Investments, First Chicago and Continental Illinois Bank. At Fidelity, John was president of National Financial Correspondent Services Company, a major clearing and technology subsidiary. He was also chief operating officer of Fidelity Investments' Institutional Services Company, a $130 billion assets mutual fund distribution group. At First Chicago and Continental, John led a series of trust services and capital markets businesses, including First Chicago's Corporate Trust Group and Continental's defined contribution and defined benefits services and technology organizations.

John is an honors graduate of DePaul University (MBA) and Loras College (BA). He has lectured on the subject of "Service Quality" at DePaul and has written commentary on business strategy in a variety of publications including The Harvard Business Review.

John is currently Chairman of the Board The Milwaukee Public Museum. He is also Chairman of The Foundation for Investor Education Advisory Committee.

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Tom Paprocki Pic

Tom Paprocki - President

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

"We truly put ourselves on the same side of the table as our clients - trusted financial advisor is our inspiration and where we've shined versus our competition."

Tom Paprocki is president of Ziegler. He is responsible for the Capital Markets and Wealth Management businesses, as well as Marketing Communications, Services & Technology and Human Resources. Prior to being named president, Tom was chief operating officer of Ziegler Capital Markets. He joined Ziegler in 1997 as a senior vice president, overseeing taxable bond trading activities.

Tom previously served as president of the Huntington Capital Group, a subsidiary of Huntington Bancshares. Prior to that he was a senior vice president, head of bond trading and fixed income research at Robert W. Baird & Co., Inc..

Tom headed Ziegler's business planning team in 2000, and has been instrumental in creating the firm's current long-term business plan. He holds a bachelor of science degree in business administration and a master of science degree in economics from Marquette University.

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Don Carlson Portrait(2)

Don Carlson - Vice Chairman

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

Don Carlson is vice chairman of Ziegler. Prior to being named vice chairman, Don was a senior managing director and the head of Ziegler Capital Markets. He aslo is a member of the Ziegler Company's board of directors. In more than 25 years with Ziegler, he has been directly involved in all phases of financing healthcare organizations throughout the nation.

During Don's career, he has developed many innovative financing structures for an array of healthcare provides and has extensive experience in both the structuring and distribution of tax-exempt and taxable securities. In recent years, he has devoted much of his time to providing strategic and capital advisory services with many of his healthcare clients. His clients include both large and multi-state healthcare systems, as well as independent free-standing hospitals.

In 2002, Modern Healthcare identified Don as one of the 100 most powerful people in the healthcare industry and the only investment banker on the list.

Don received a bachelor of business administration degree in economics and finance and a masters of business administration from Loyola University. He serves on the executive committee of the Healthcare Financing Study Group and serves as chairperson of the Healthcare Finance Form and several other industry associations.

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Brian Andrew

Brian Andrew, CFA - Ziegler Capital Management, LLC

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

"Ziegler has the ability to combine financial disciplines in investment banking, risk and money management in a way that helps a client position its balance sheet for success. And our ability to provide financial advice to management allows them to focus on their business and worry less about their personal finances."

Brian Andrew joined Ziegler in 1994 after spending seven years working as an analyst and portfolio manager for bank trust and investment advisory firms. He was also a managing director and partner in a private investment advisory firm. Brian is a senior managing director and heads Ziegler Capital Management, LLC.

Prior to joining Ziegler, Brian created an investment program to manage indentured funds, managed municipal funds and monies for organizations in the healthcare and senior living industry. He has experience crafting investment policies and educating organizational management and boards regarding those policies and their implementation.

Brian received his bachelor of science in business/finance from the University of Minnesota and has earned his Chartered Financial Analyst (CFA) and Certified Cash Manager (CCM) designations. He is a member of the Milwaukee Investment Analyst Society, the CFA Institute and the Treasury Management Association. Brian also serves as the president for the Great Lakes Hemophilia Foundation and serves on the National Hemophilia Foundation Board of Directors. He was active in the establishment of a Community Development Authority board for a local Milwaukee municipality, where he most recently served as the board's vice chair. He has taught investment topics through adult education programs at the University of Wisconsin—Milwaukee, Center for Financial Training and the American Bankers Association. He has also taught undergraduate courses in finance at Concordia University, Milwaukee.

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Raheela Anwar

Raheela Anwar - Institutional & Intermediary Distribution

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

"At Ziegler, there's a unique blend of subject matter expertise combined with a deep desire to apply that knowledge in the context our clients needs. Our associates put the clients' and the firm's interests ahead of their own... exactly how it should be."

Raheela Gill Anwar joined Ziegler in 2007 as its managing director and head of institutional business development and client service. Raheela has broad based expertise in asset management, mergers and acquisitions, banking, and treasury. Prior to joining Ziegler, she spent over 18 years with The Northern Trust Corporation, holding several senior-level roles including corporate development, institutional investment sales and client service and middle market and large corporate commercial banking. 

Raheela received her masters in business administration in finance and accounting from The University of Chicago and undergraduate degree in Molecular Biology and French literature from Northwestern University. She is also involved with the Asset Management Practicum at Northwestern’s Kellogg Graduate School of Business as an advisor to the program.

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Benjamin DeBerry

Ben DeBerry - General Counsel & Corporate Secretary

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

Ben DeBerry is senior managing director and Ziegler's General Counsel. He joined Ziegler in 2007 bringing experience in pubic finance, venture capital and general securities law.

Formerly, Ben was senior counsel for Motorola, Inc.'s networks and enterprise business. Prior to that, he practiced with Chicago and California law firms representing and counseling emerging growth companies, venture capitalists, investment banks, boards of trustees and municipal issuers. Prior to practicing law, he was a financial analyst for a California Fortune 100 bank.

He is currently vice president of the Rush University Medical Center Associate Board in Chicago.

Ben graduated from the University of Michigan Law School, and holds an undergraduate degree in English Literature from Drake University.

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Gary Engle Portrait

Gary Engle, CPA - Finance & Research

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

"Ours is the most fascinating, dynamic and rewarding industry I can imagine. At Ziegler, not only do we get to work in this exciting environment, but we have the satisfaction of helping others as we do."

Gary Engle is a senior managing director with Ziegler. In his role, Gary is responsible for Research and Finance. He joined Ziegler in April 1999, bringing with him a strong background in finance, accounting, investment banking and asset management.

Gary started his career as a staff accountant at Arthur Andersen. He spent 17 years with Robert W. Baird & Co., Inc. where he garnered broad experience serving as the director of fixed income research, as a first vice president of investment banking and as the chief financial officer. Prior to joining Ziegler, he was the chief financial officer of trust and investments at Firstar Corp. in Milwaukee.

Gary holds an masters of business administration from the University of Wisconsin - Madison, and a bachelors of business administration from the University of Wisconsin - Milwaukee.

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Darrell Frank Portrait

Darrell Frank - Service & Technology

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

“Our team takes very seriously their role of protecting our clients’ assets, interests and privacy. Although we are a very progressive financial services firm, we still espouse many old-fashioned values.”

Darrell Frank is senior managing director and is responsible for the company-wide technology and building services, including real estate and insurance. He also serves as the firm’s privacy officer.

Darrell joined Ziegler in 1985 from Rockwell International/Allen-Bradley where he developed computer systems as a senior systems analyst. He has held roles at Ziegler including systems manager, director of strategic change, aided in execution of the company’s turnaround strategy, operations, and was former president and chief executive officer of Ziegler’s discount brokerage subsidiary, Ziegler Thrift Trading, Inc., until it was acquired in 1999.

He holds a bachelor of science - business administration degree, a masters in business adminsitration, and has license designations of Series 7, 63 and 24.

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Wayne Gilpin - Ziegler Wealth Management

200 South Wacker Drive
Suite 2000
Chicago, IL 60606 

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

Wayne Gilpin is the senior managing director and head of Ziegler's Wealth Management. Prior to joining Ziegler in 2005, Wayne was President/Owner of Westland Services LLC, a new broker/dealer firm he founded to focus on private placements in the energy sector. Previously, he was President and CEO of Madison Securities, which specialized in private debt and equity placements. Wayne acted as trading principal for that firm's NASDAQ market-making activities and made markets in over 100 securities. Earlier in his career while with a couple of large Wall Street companies, Wayne was responsible for private placement distribution and was an equity syndicate manager.

Wayne was a member of the Correspondents Advisory Board for National Financial Service Corp., providing policy and oversight guidance on behalf of correspondent firms. He has been a guest speaker at the Securities Industry Association's small firms conferences. Wayne attended the University of Maryland and holds the Series 3, 4, 7, 24, 27, 53, 55, and 63 registrations.

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Leslie Lynch - Marketing Communications & Human Resources

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.596.1695

"Our associates are tied by a common mission... to serve clients who serve others. We do it with our firm's core values front and center - our clients, our shareholders, our associates, integrity, teamwork and innovation."

Leslie Lynch is Ziegler's senior managing director of Marketing Communications and Human Resources. As a human resources and marketing practitioner, her background is rather unique. She brings expertise from leading HR functions, supporting marketing functions, as well as experience "carrying a bag" as a sales professional in the financial services sector.

Prior to joining Ziegler, Leslie was the president of an entrepreneurial, professional development firm, which provided education and training to the financial services industry. Her HR leadership experience was developed during her many years at Strong Capital Management, as well as an earlier experience in the healthcare sector.

Leslie has her Masters of Science in Administation from Central Michigan University and her bachelors of science in business administration and biology from Adrian College. She holds the Series 7 and 66 registrations.

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Charles O'Meara

Chuck O'Meara - Private Equity

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.596.1695

Chuck O'Meara became senior managing director of Ziegler's private equity practice in 2006. In this capacity, he is responsible for the oversight and development of the firm’s venture capital strategy, which focuses on the healthcare industry.

Prior to this position, Chuck was general counsel and corporate secretary of The Ziegler Companies, Inc. and its subsidiaries from 1993 to 2006. He also served as the firm’s risk management officer. In these capacities, he supervised the legal and compliance support functions for substantially all business units of the firm, and oversaw the firm’s risk management processes.

In 2005 and 2006, Chuck was instrumental in forming Ziegler Meditech Equity Partners, LP, a $52 million venture capital fund investing globally in mid- to late-stage companies with new medical device technology.  Chuck serves as a managing director of the Fund’s General Partner.

Chuck received an A.B. degree from the University of Notre Dame and his J.D. from Marquette University Law School.

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Tom Ross

Tom Ross - Proprietary Investments & Chief Credit Officer

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

Tom Ross is a senior managing director leading Ziegler's proprietary investments and acting as chief credit officer. He joined Ziegler in 1981. He has an extensive and varied background in the credit analysis of a variety of transactions. He is responsible for the review of all non-rated transactions underwritten by the firm, as well as the review and approval of all private equity investments made by Ziegler or its investor.

Tom earned a bachelor of science in finance and a bachelor of arts in geography from Valparaiso University.

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Jeffrey C. Vredenbregt, CPA - Chief Financial Officer

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

"At Ziegler, the level of service and the desire to get it right is something that is important each and every associate."

Jeff Vredenbregt is a managing director and Chief Financial Officer with Ziegler. He oversees financial accounting, external financial reporting, and treasury functions and its related private equity entities. He is the FINRA Financial and Operations Principal for Ziegler's broker dealer subsidiary, B.C. Ziegler and Company.

Prior to joining Ziegler, Jeff was in public accounting at Arthur Andersen LLP. He joined Ziegler in 1987 as corporate controller and has been promoted and appointed to various officer positions within Ziegler and its subsidiaries. In 2004, he was appointed Chief Financial Officer for The Ziegler Companies, Inc.

Jeff is a graduate the University of Wisconsin – Milwaukee where he earned a bachelor of business administration and a masters of business administration. He is a member of both the American and Wisconsin Institutes of Certified Public Accountants and the Institute of Management Accountants.

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Liz Watkins

Elizabeth Watkins - Chief Compliance Officer

200 South Wacker Drive
Suite 2000
Chicago, IL 60606

Phone: 800.366.8899
Direct / After Hours: 312.263.0110
Fax: 312.263.5217

Elizabeth Watkins is a senior managing director and Ziegler's Chief Compliance Officer. She joined Ziegler in November 2003 bringing with her a business-minded approach to the firm's regulatory compliance and internal audit programs.

Liz has more than 15 years of experience in the investment services industry in marketing, brokerage and trading operations, and compliance, having held various management positions at independent and boutique financial services firms. She is focused on providing business units with regulatory guidance and in maintaining a client-centric, proactive, risk management program.

Liz is a graduate of Northern Illinois University and is currently undertaking a course of study to obtain the Compliance and Regulatory Certified Professional designation from the FINRA and the Wharton School of the University of Pennsylvania. She is a member of the National Society of Compliance Professionals and the Security Industry Association's Compliance and Legal Division.

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