Our Team

Michael Salerno, PresidentMichael Salerno, President. Michael has nearly 20 years experience as a portfolio manager, investment strategist and private equity investor. Most recently, Mike was a managing director , partner and member of the investment and executive committees of QFS Asset Management, a premier global alternative asset manager specializing in quantitative investment strategies with over $1 billion in assets under management. He was the co-founder and CIO of Cenario Capital Management, a firm that specialized in global risk and volatility managed portfolio advisory services for institutions and family offices. He served as the chief investment officer for the Unanue Family Office and was the founding managing director and chief investment officer for the predecessor to Select Trust and Asset Management the family office for the Ortenzio Family. During his career, Mike has served as strategic and corporate finance advisor or CFO for a number of high growth private and family owned companies. Mike was the president of M&T Capital, the venture subsidiary of M&T Bank. He was the managing general partner of Select Capital Ventures, an independent SBIC licensed venture capital fund. He holds an MBA from The Wharton School of the University of Pennsylvania. Mike serves on the investment committee of Murex Investments, a Philadelphia based venture fund and the Board of Precision Custom Components, Inc., a York, PA based defense and industrial engineering and manufacturing company.


Michelle Malloy, Esquire, General Counsel and Director of Family Office Services.  Michelle has 18 years’ experience working with and representing high net worth clients and entrepreneurs in all facets of their estate and business planning.  Prior to joining AUA, Michelle was a Director in the Wilmington Family Office and a VP and Senior Fiduciary Advisor with the Wilmington Trust Company in Wilmington, Delaware.  She has also worked in private practice in the Philadelphia area.  She received her Juris Doctorate and Masters of Legal Letters (Taxation) from Villanova University School of Law.  Michelle is admitted to the Pennsylvania and New York bars and the United States Tax Court.

Arnold DiLaura, Managing DirectorArnold DiLaura, Managing Director, Research. Arnold specializes in investment consulting and quantitative investment management strategies. In previous positions, he has served as a portfolio manager, senior trader and head of quantitative research on the QFS-Cenario Volatility Fund; on the proprietary trading desk of Dresdner Kleinwort, Tokyo, Japan; at Millennium Partners and Volaris (later CSFB-Volaris). Previously he held positions in defense and national security areas, where he specialized in applying both quantitative and non-quantitative analysis to defense issues. He has an MA in International Economics and Strategic Studies from the Johns Hopkins School of Advanced International Studies, and an MBA from The Wharton School of the University of Pennsylvania where he specialized in quantitative finance.

Johanne Slattery, Director of OperationsJohanne Slattery, Director of Operations. Johanne is the Director of Operations for AUA Capital Management where she is responsible for operations including client reporting , account opening and funds transfer. Previously she was the Director of Client Services with Cenario Capital Management for seven years . She was responsible for providing all phases of client and operations support. A graduate of Marietta College, Johanne holds a degree in Business Management and Marketing.