Senior Derivatives Portfolio Manager with portfolio management and trading responsibility for corporate risk management and mutual fund equity overlay Management of the corporate equity income hedge, improving downside income by 93% and allowing upside potential Portfolio management of Alpha Opportunity mutual fund; outperformed the S&P500 by 5.8% per year (2003-2008, gross) Development of several MATLAB stochastic simulation models: Corporate income model Yield curve model (three factor) Integrated econometric and multiple asset class models Multi-tranch CDO model Institutional fixed rate liability pricing models Cost of Capital models Asset risks rich/cheapness models (equity, duration, convexity, credit, volatility) Coordination of investment backing long term institutional fixed rate liabilities Member of Risk Management, Investment, and Interest Rate Crediting committees

"$30 billion asset manager and annuity issuer"

Senior Derivatives Portfolio Manager with portfolio management and trading responsibility of swap, future, and options portfolios Portfolio management of derivatives for investment portfolio duration and convexity management Pricing of complex derivative structures Advising and execution of corporate asset/liability management Assisting in the development of new products CBO and structured asset investment

"$10 billion issuer of annuities, funding agreements, and equity indexed annuities (acquired by Western & Southern)"

Head of Financial Engineering department with responsibility for developing and implementing analytical pricing models for fundamental valuation, mark to market valuation, risk “Greeks” characterization, and hedging Development of stochastic models for daily power, hourly strike power, spread, & ratchet options Development of a model to generate stochastic electric load distributions Development of a method to estimate the value of the implied optionality of full requirements transactions Implementation of Value-at-Risk

"One of the largest marketers of power, gas, and coal in the U.S. (acquired by E.ON)"

Director, Derivative Securities (1991 – 1997) Senior Derivatives Portfolio Manager with portfolio management and trading responsibility of swap, future, and options portfolios Portfolio management of $10 billion interest rate swap, futures, and options portfolios Portfolio management of derivatives portfolio backing $700 million S&P500 total rate of return liability Portfolio management of derivatives and cash portfolio backing an equity linked annuity Management oversight of $500 million short term cash portfolio Development of models to price complex asset, liability, and derivative structures Hedging interest rate risk of an actively managed bond portfolio Advising and execution of corporate asset/liability management Measuring and managing counterparty credit exposure Project Manager of Corporate Finance (1989 – 1991) Managed $600 million Medium Term Note programs, $50 million Auction Preferred Stock issue, and $100 million Adjustable Rate Preferred Stock issue Development and maintenance of 5-year Capital Forecast model Modeling and analysis of competitors

Asset/Liability analysis Investment income and asset forecasting (short & intermediate term) Prepayment and call forecasting Analysis of the effect of capitalization on subsidiary performance Analysis and interpretation of performance of subsidiaries for senior corporate management Forecast of subsidiaries’ earnings Development of new analytical tools for measuring subsidiary performance

Financial analysis of investment projects Decision support on product development and withdrawal Market modeling and analysis of component and end-equipment markets Intermediate and long-range financial planning Manufacturing cost analysis and capacity planning Marketing responsibility for digital signal processor (DSP) product line to major telecommunications accounts Technical presentations to engineers and managers of client companies