Every business sector has influential players, whether they are in the public eye or wield their influence behind the scenes. In a monthly feature that runs in the first issue of the month through October, IBJ is identifying those people in eight different categories.
This is the second installment in the series and features women and men who are key members of the city’s banking and finance sector.
Elaine E. Bedel, 58
President and Founder
Bedel Financial Consulting Inc.
Bedel Financial Con-sulting celebrated its 20-year milestone in 2008; Elaine Bedel herself has more than 35 years of experience in financial services. The firm provides fee-only financial planning and investment management services to individuals and families; advice and fiduciary guidance to trustees of employer retirement plans; and investment management and oversight for institutional investment portfolios and charitable endowments.
Bedel has been recognized as a leader in her profession by several national financial magazines and appeared in IBJ’s list of Women of Influence in 2009. She is the 2011 recipient of the Torchbearer Award, the prestigious award given by Gov. Mitch Daniels and the Indiana Commission for Women in honor of women who have overcome or removed barriers to equality and have been pioneers in their fields.
Bedel is a weekly contributor to Inside Indiana Business e-newsletter The Inside Edge and published a book, “Advice You Never Asked For … but wished you had!” in 2009. She is an active participant in the financial planning profession, currently serving as chairwoman of the national Foundation for Financial Planning. She also chaired the international Financial Planning Standards Board and the U.S. CFP Board of Standards. She has also served on the board of the Financial Planning Association.
A graduate of Hanover College, Bedel is currently on the school’s board of trustees and is past president of the alumni association. She is an alumnae of the Stanley K. Lacy Executive Leadership Series. She also sits on the boards of the Women’s Fund of Central Indiana, the John H. Weidner Foundation, Goodwill Industries Foundation and WFYI Foundation. She has been involved in numerous other organizations, including serving as president and on the boards of the Rotary Foundation of Indianapolis and the Indiana University School of Nursing.
Michael E. Bosway, 52
President and CEO
City Securities Corp.
Michael Bosway joined City Securities in 1982 after a brief stint with Arthur Anderson and Co. Bosway vaulted onto the corporate ladder as a senior vice president and retail investment consultant, and moved up to eventually be named to his current position in 1999. As president and CEO, Bosway has led the company in a different direction and, he says, “Revenues are about 2-1/2 times what they were 10 years ago.” He attributes his success to adding talented people, giving existing employees better tools, and creating a board with three outside directors, who help the company think more broadly.
A military kid, whose father once served on the Joint Chiefs of Staff, Bosway moved 15 times, never growing especially attached to any single place. Although he attended high school in Louisiana, he followed his older brother to college at the University of Dayton, the school their dad had attended. Bosway graduated magna cum laude and headed to Ohio State University to get his MBA, all the while traveling to and from Indianapolis to see Elizabeth Sweeney, now his wife. Bosway liked what he saw in the city and has pursued his career here ever since.
Bosway sits on a range of boards and committees, including the Greater Indianapolis Chamber of Commerce board, the SIFMA Regional Firms Committee, the Governor’s Residence Commission, the Indianapolis Zoo board and the United Christmas Service board. Bosway is especially passionate about the United Christmas Service, which helps needy local families during the holidays.
Bosway and his wife have two children and he enjoys tennis, running, baseball, reading and golf.
Thomas J. Buck, 57
Managing Director Investments
In addition to being managing director of investments, Tom Buck is a wealth man-agement adviser andsenior portfolio manager for Merrill Lynch. He focuses on creating strategies for clients and makes tactical decisions. He joined the company in 1981.
Buck has a bachelor’s in economics and his MBA in finance from Indiana University. He is the recipient of several awards from industry publications, including Registered Rep magazine’s 100 Wirehouse Advisors in America in 2007. Barron’s listed him in 2009 and 2011 as the top financial adviser in Indiana and one of the top 50 in the country.
Beyond his work at Merrill Lynch, Buck is involved in a variety of community organizations. He serves on the board of deacons and the stewardship committee at his church, Second Presbyterian, where he is also a moderator. In 2009, he co-chaired the USGA Senior Men’s Open at Crooked Stick Golf Club, and he will help the golf club again in 2012, co-chairing the BMW championship. He volunteers on the dean’s advisory board for the College of Arts and Sciences at Indiana University, as well as on the parent’s advisory board. He and his wife, Catharine, live in Carmel.
Christopher Caniff, 44
Periculum Capital Co. LLC
Christopher Caniff began his career in corporate banking with Provident Bank, where he was responsible for developing $100 million in outstanding loans in the first 18 months of operations, in addition to day-to-day management responsibilities associated with co-founding the Indiana division of the bank. Before joining Provident, he spent 10 years in commercial banking with Bank One and First Chicago NBD. As banks grew larger, he hungered for a smaller, nimbler organization.
At Periculum Capital, a locally owned and headquartered merchant banking firm, Caniff found the right milieu. He focuses on mergers and acquisitions and corporate finance transactions for middle-market and high-growth companies. During the past 12 months, he has successfully led a team in completing a number of significant transactions for local companies, including the multimillion-dollar sale of Createc Corp. to Tegrant Corp. and a $200 million revolving credit facility for Symmetry Medical Inc.
Caniff was awarded IBJ’s Forty under 40 designation in 2005 and was a 2004 finalist for Indy’s Best and Brightest in the category of banking and financial services. He is an active member of his church and a vice president of the Zionsville Redevelopment Commission. He previously served on the board of the Indianapolis chapter of the Association for Corporate Growth.
Raised in Princeton, Caniff attended Indiana University, graduating with a bachelor’s in economics. He, his wife, Andrea, and their three children live in Zionsville.
Andrew M. Cardimen, 45
Senior Vice President and Mid-Market Sales Manager
In his current role, Andy Cardimen leads a team of midmarket bankers responsible for developing and managing long-term commercial banking relationships throughout central Indiana. He has been in the banking industry 22 years and joined Harris Bank in 2007, following the bank’s acquisition of First National Bank and Trust.
Cardimen grew up outside of Detroit and graduated from Oakland University in Rochester, Mich. After graduation, he joined Michigan National Bank, where he held a variety of ever-more-responsible positions until, in 1994, he was recruited to Indianapolis by Key Bank. In 1999, he returned to school to earn an MBA from Indiana University’s Kelley School of Business in Indianapolis. During this time, he acted as COO and CFO of a physician practice consulting firm. Cardimen returned to banking in 2001.
Beyond banking, Cardimen has pursued an interest in French. He holds a Certificat de Langue Francais from the Université de Bourgogne in Dijon, France, and has taught French to grade-school students in the Indianapolis area. He also has volunteered and raised funds for several not-for-profits since moving to Indianapolis. He has served on the boards of Make-A Wish Foundation, Juvenile Diabetes Research Foundation and Suburban Health Organization Captive Insurance Co. He is on the boards of both Westview Hospital and School on Wheels. Cardimen and his wife, Michelle, have three children.