Michael C. Brilley

President and Senior Fixed Income Officer

Michael Brilley joined Sit Investment Associates in early 1984. He currently serves as the President and Fixed Income Officer. Michael spent nearly ten years with First Bank Minneapolis where he was Vice President and Senior Fixed Income Officer. His responsibilities at First Bank included management of over $2.5 billion of assets in bond portfolios for the Bank's institutional customers, its own investment portfolio and two money market mutual funds. Prior to coming to Minneapolis, he spent seven years in the investment management business with the trust departments of the Merchants National Bank of Indianapolis and the Continental Illinois National Bank of Chicago. His experience includes both credit and equity analysis and the management of both debt and equity portfolios. Collective bond funds that he managed were often leaders in investment performance. Michael has served as a voluntary financial advisor to various municipal entities and has spoken at numerous regional and national investment conferences. He received a B.S. in Business Administration from Millikin University in 1967.

Michael Brilley is a portfolio manager of the following Funds:

• Sit U.S. Government Securities Fund
• Sit Tax-Free Income Fund
• Sit Minnesota Tax-Free Income Fund
• Sit Money Market Fund
• Sit High Income Municipal Bond Fund