The firm has appointed Ken Rust and Eric Johansen as directors to run the new office.
Most recently, Rust was the chief administrative officer of the City of Portland, while Johansen was the Treasurer of City of Portland.
John Bonow, PFM chief executive officer remarked, "We have a significant presence and a number of important clients in the Pacific Northwest and our clients will undoubtedly benefit from the perspectives and knowledge that such high caliber professionals add to our client service teams. "
"The addition of an office in Portland will further our ability to serve our broad base of clients in the region. Eric and Ken were both part of the PFM organization early in their careers and they understand our culture of independence, collaboration and an unwavering commitment to our clients," Bonow added.
As of 30 September 2012, PFM Asset Management LLC, a part of the PFM Group, had US$44.8 billion in AUM for state and local governments and non-profit institutions, and provided non-discretionary advice for an additional US$25.6 billion in fixed income securities.