Donald L. Asfahl, J.D., CFA®
Executive Vice President and President of HLTC
Donald L. Asfahl, J.D., CFA®
Executive Vice President and President of HLTC
Don is President of Hilliard Lyons Trust Company, LLC, and also serves as Portfolio Manager for institutional and high-net-worth investors. He has over 40 years of experience in the investment industry. Don holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Louisville. He is also a member of the Kentucky Bar Association.

Don spent 21 years with PNC Bank Kentucky, serving as Senior Vice President and Chief Investment Officer for the Kentucky market. He has B.A. and J.D. degrees from the University of Kentucky. Don is a member of the Leadership Louisville Finance Committee and has previously served as the Board Chair for the National Pension Fund of the Christian Church and the Christian Care Communities. Don joined Hilliard Lyons in 1996.
Mark K. Nickel, CFP®
Chief Investment Officer / Senior Vice President
Mark K. Nickel, CFP®
Chief Investment Officer / Senior Vice President
As Chief Investment Officer, Mark is in charge of Hilliard Lyons’ investment strategy, portfolio management, and investment support. Mark is a Certified Financial Planner™ with 20 years of experience in the investment industry. He chairs Hilliard Lyons’ Investment Strategy Group, which meets monthly to analyze market trends. Mark chairs the Investment Committee for Hilliard Lyons Trust Company and is a member of its Strategic Planning Team.

Mark received a B.S. in finance from the University of Louisville and an M.B.A. from Smurfit School of Business, University College of Dublin (Ireland). He serves on the board of Discovery Ministries (Missouri). Mark joined Hilliard Lyons in 2006.
Donald F. Kohler
Senior Executive / Portfolio Manager
Donald F. Kohler
Senior Executive / Portfolio Manager
Don is a Senior Executive and Portfolio Manager of Hilliard Lyons Trust Company, LLC. He has over 60 years of experience in the investment industry. Don is Series 7 and Series 63 securities licensed.

Don served as Director of the Hilliard Lyons Investment Management Group from 1974 to 1993. He also served as Executive Vice President and a Director of Hilliard Lyons, Inc. and J.J.B. Hilliard, W.L. Lyons, Inc. and as Chairman and CEO of Hilliard Lyons Trust Company. He spent 19 years with the First Kentucky Trust Company as Executive Vice President and Chairman of the Investment Policy Committee. He graduated from Princeton University with an A.B. in Economics. Don is trustee of the Bishop Dudley Memorial Fund and the Episcopal Diocese of Kentucky. He is Chair of the Kohler Family Scholarship Fund. Don is a former board member of the Home of the Innocents and the Rotary Club of Louisville. He is a former trustee of the Episcopal Church Home. Don joined Hilliard Lyons in 1974.
Gail Burke Bride, CFP®
Senior Vice President /Portfolio Manager
Gail Burke Bride, CFP®
Senior Vice President /Portfolio Manager
Gail is a Senior Vice President and Portfolio Manager for Hilliard Lyons Trust Company, LLC. Gail is a Certified Financial Planner™ with 28 years of experience in the investment industry.

Prior to joining Hilliard Lyons, Gail was a Senior Investment Advisor with PNC Wealth Management. She has served as an arbitrator for FINRA as well as Head of Equity Research and Portfolio Management for Atlas Brown. Gail received a B.A. in Economics and Psychology from Vanderbilt University. She serves on the Board of the Kentucky Opera and the Alumni Board for Kentucky Country Day School. She is a former Board member for Ursuline Campus Schools. Gail joined Hilliard Lyons in 2017.
Andrew W. Means, CFA®
Senior Vice President / Director of Investments
Andrew W. Means, CFA®
Senior Vice President / Director of Investments
Andy is a Senior Vice President and Director of Investments of Hilliard Lyons Trust Company, LLC. He is the lead manager of the Large Cap Equity strategy and also serves as Portfolio Manager for institutional and high-net-worth investors. Andy has over 35 years of experience in the investment industry. He holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Louisville.

Andy began his investment career as a financial consultant with Hilliard Lyons for seven years. After that, he was a portfolio manager with PNC Financial Services Group for five years before rejoining Hilliard Lyons. He has a B.A. from Furman University and a M.B.A. from Bellarmine University. Andy joined Hilliard Lyons in 1981.
Randy Phillips
Senior Vice President / Portfolio Manager
Randy Phillips
Senior Vice President / Portfolio Manager
Randy is a Senior Vice President and Portfolio Manager of Hilliard Lyons Trust Company, LLC. He has over 35 years of experience in the investment industry.

Randy was the Managing Partner of Phillips Investment Co. in Cincinnati, Ohio, for three years. Before that, he was a Senior Portfolio Manager of Gradison McDonald Asset Management and a Portfolio Manager with Fifth Third Investment Advisors. He received a B.S. in finance and political science from Ball State University. Randy joined Hilliard Lyons in 2005.
Tony Swindall
Senior Vice President and Portfolio Manager
Tony Swindall
Senior Vice President and Portfolio Manager
With over 30 years in wealth management, Tony has a variety of experience in the field, including institutional asset management as well as fiduciary asset management. He currently manages taxable and tax-exempt bond portfolios for high-net-worth clients. Tony also manages fixed-income assets for institutional customers such as endowment funds and pension/profit-sharing plans.

Tony is a graduate of Western Kentucky University and did postgraduate work there, as well as at the University of Louisville. He is also Series 7 and 66 licensed.
Ross A. Demmerle
Vice President / Equity Analyst
Ross A. Demmerle
Vice President / Equity Analyst
Ross is a Vice President and Equity Analyst of Hilliard Lyons Trust Company, LLC. He has over 25 years of experience in the investment industry, with an emphasis on investment research.

Ross was a Research Analyst with J.J.B. Hilliard W.L. Lyons, LLC Research Department for 15 years, where he focused on banks and business development companies, before joining Hilliard Lyons Trust Company in 2014. Before joining Hilliard Lyons, he was a Vice President with McDonald & Company Securities, Inc. for seven years following financial institutions in the research department for five years and two years as an analyst in investment banking. Before that, he was a Bank Examiner for Federal Deposit Insurance Corporation. He has a B.A. in Business Administration from Baldwin-Wallace College and an M.B.A. from Indiana University. Ross joined Hilliard Lyons in 1999.
Laura L. Dunne, CFA®
Vice President / Portfolio Manager
Laura L. Dunne, CFA®
Vice President / Portfolio Manager
Laura is a Vice President and Portfolio Manager of Hilliard Lyons Trust Company, LLC. She has over 25 years of experience in the investment industry. Laura holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Louisville.

Laura was a Portfolio Manager for the Private Client Group of National City. Before that, she held Investor Relations Manager positions with Papa John’s International and Humana Inc. Laura has a B.A. in Business Administration with a minor in Economics from Bellarmine University and an M.B.A. from the University of Louisville. She serves as Treasurer for Riverside, the Farnsley-Moremen Landing Board of Directors. Laura joined Hilliard Lyons in 2007.