Steve Thornborrow

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Mr. Steve Thornborrow is a Portfolio Manager & Analyst at Ashfield Capital Partners LLC.
He joined Ashfield Capital Partners in 1984.
He previously served as Senior Vice President at BA Investment Management, where he headed the Individual Portfolio Division.
Before joining BA Investment Management, he was Vice President and Investment Department Manager of California First Bank in San Diego.
His investment career began in 1968 with a variety of investment positions, including Director of Research, at the Northern Trust Company in Chicago.
Mr. Thornborrow graduated with honors in Economics from Northwestern University.
He also holds a M.A. in Economics from Northwestern University and a L.L.B. from Yale Law School.

Former positions of Steve Thornborrow

Companies	Position	End
Northern Trust Investments, Inc.(Investment Management) Northern Trust Investments, Inc.(Investment Management) Investment ManagersFinance NTI-IM employs a variety of security analysis methods in providing investment advisory services. The firm applies quantitative analysis methodologies in creating overlay investment strategies. Each investment strategy of the firm is managed by a team comprised of portfolio managers and investment analysts. Their asset class capabilities include equity, fixed income, liquidity and asset allocation. Strategy implementation ranges from passive and factor-based quantitative, to fundamental active and multi-manager.	Director of Research - Equity	02/01/1970
CALIFORNIA FIRST LEASING CORPORATION	Corporate Officer/Principal	02/01/1970
Ashfield Capital Partners LLC Ashfield Capital Partners LLC Investment ManagersFinance Ashfield Capital Partners’ investment philosophy and process emphasize favorable risk-adjusted, tax-efficient long-term growth and income (total return). The firm employs a highly disciplined and goals-based approach to investing and portfolio construction that is driven by client goals and objectives and supported by extensive experience and in-depth research. Their approach is to build thoughtful portfolios in a way that provides downside protection and excellent risk-adjusted returns. Ashfield Capital Partners utilizes a combination of top-down thematic and bottom-up approach.	Chief Investment Officer	-

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Private companies	5
California First Leasing Corp. California First Leasing Corp. Major BanksFinance Provides commercial finance and leasing services	Finance
Northern Trust Investments, Inc.(Investment Management) Northern Trust Investments, Inc.(Investment Management) Investment ManagersFinance NTI-IM employs a variety of security analysis methods in providing investment advisory services. The firm applies quantitative analysis methodologies in creating overlay investment strategies. Each investment strategy of the firm is managed by a team comprised of portfolio managers and investment analysts. Their asset class capabilities include equity, fixed income, liquidity and asset allocation. Strategy implementation ranges from passive and factor-based quantitative, to fundamental active and multi-manager.	Finance
Northwestern University Northwestern University Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Yale University Yale University Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Ashfield Capital Partners LLC Ashfield Capital Partners LLC Investment ManagersFinance Ashfield Capital Partners’ investment philosophy and process emphasize favorable risk-adjusted, tax-efficient long-term growth and income (total return). The firm employs a highly disciplined and goals-based approach to investing and portfolio construction that is driven by client goals and objectives and supported by extensive experience and in-depth research. Their approach is to build thoughtful portfolios in a way that provides downside protection and excellent risk-adjusted returns. Ashfield Capital Partners utilizes a combination of top-down thematic and bottom-up approach.	Finance