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To obtain a password for FrankNDodd, please send an email naming your contact at Morrison & Foerster, or, alternatively, explaining how you heard about FrankNDodd to firstname.lastname@example.org. © 2011 Morrison & Foerster LLP SPA Structured Products Distribution Summit New York Hilton ::: Tuesday, October 25, 2011 8:00 -- 9:00 AM • Tim Stoddart, Capital Investment Marketing REGISTRATION - BREAKFAST 12:30 - 1:45 PM - LUNCH 9:00 - 9:30 AM THE YEAR TO DATE: 1:45 - 2:30 PM Trends, Developments and Challenges WHOLESALE DISTRIBUTION OF • Alec Papazian, Cerulli Associates STRUCTURED PRODUCTS - • Emma Trincal, Prospect News Achieving Full Potential of Mainstreaming • Srikant Dash, S&P Indices • James Fisk, Newbridge • Brian Formento, UBS Wealth Management • Joe Castelluccio, PrinceRidge • Samson Koo, Advisors Asset Management 9:30-10:10 AM • Scott Greenwood, JVB BROKER-DEALERS -- The Current State of Distribution from the Front Lines 2:30 -- 3:15 PM • Dayna Kleiman, RW Baird INTERNATIONAL PERSPECTIVES AND NEW • Guy Gregoire, Pershing STRATEGIES • Joe Castelluccio, PrinceRidge • Gary Nathanson, Barclays Capital • Krizan Peros, E*TRADE • Bernd Henseler, S&P Indices • Rick Cabanes, Hapoalim Securities • Tim Andrews, Scotiabank 10:10 - 10:50 AM 3:15 -- 3:30 PM - AFTERNOON BREAK INSTITUTIONAL/FUNDS: Developments in ETFs, Funds, Asset Management 3:30 - 4:15 PM • Jason Ungar, Guggenheim LEGAL-COMPLIANCE-REGULATORY: • Lisa Meyer, Rydex/SGI Enhanced Scrutiny for a Growing Market • Solomon Teller, ProShares • Anna Pinedo, Morrison & Foerster • Will Rhind, ETF Securities • Brad Busscher, Incapital • Remmelt Reigersman, Morrison & Foerster 10:50 - 11:05 AM • Timothy McKenna, NERA MORNING NETWORKING BREAK 4:15 - 5:00 PM 11:05 - 11:45 AM FIDUCIARIES ROUNDTABLE: Brave New World SOLUTIONS: Assessing the Challenges of the of Opportunities & Challenges Rapidly Growing Industry • David Armstrong, LPL/Monument Advisors • Eric Greschner, Regatta Research & Money • Eric Greschner, Regatta Research & Money Management Management • Jim Jockle, Numerix • Jim Powell, Wells Fargo Advisors • Kevin Samborn, Sapient • Tim Mortimer, StructuredEdge.com • Tim Mortimer, Future Value Consultants 5:00 - 5:30 PM 11:45 AM - 12:30 PM THE CRYSTAL BALL: Distribution of Structured THE POTENTIAL OF THE RETAIL BANK Products - 2012 and Beyond CHANNEL: High Growth Opportunities • Deryk Rhodes, Incapital • Howard Hammond, Fifth-Third Bank • Glenn Lotenberg, Incapital • Marc Vosen, Keybanc Investments • Mike Millard, Citizens Bank 5:30 - 7:00 PM -- COCKTAIL RECEPTION • Paul Werlin, Bank-BD Analytics Speaker Profiles SPA Structured Products Distribution Summit 2011 A. BRAD BUSSCHER INCAPITAL LLC ANNA PINEDO Brad Busscher is General Counsel of Incapital MORRISON & FOERSTER LLC. In connection with his role at Incapital, the Anna Pinedo has concentrated her practice on firm’s Chief Compliance securities and derivatives. She represents issuers, Officer reports into him. He investment banks/financial intermediaries, and also serves on the firm’s investors in financing transactions, including public Executive and Management offerings and private Committees. placements of equity and debt Prior to joining Incapital, securities, as well as Brad served as Executive Vice structured notes and other President, Senior Managing structured products. Director and General Counsel of Mesirow Financial, Ms. Pinedo works closely a diversified financial services firm headquartered with financial institutions to in Chicago. With over 1,100 employees, Mesirow create and structure Financial engages in a wide array of financial innovative financing services including retail and institutional securities techniques, including new brokerage, trading, clearing, investment banking, securities distribution public finance, traditional and non-traditional asset methodologies and financial management (including private equity and hedge products. Ms. Pinedo has particular financing fund-of-funds products), insurance brokerage, real expertise in certain industries, including working estate development and consulting services, and with technology-based companies, offers financial consulting services including telecommunications companies, healthcare litigation support, interim management capabilities companies, financial institutions, REITs and and advisory services to bankrupt entities and consumer finance companies. Ms. Pinedo has creditors thereof. worked closely with foreign private issuers in their In addition to his employment at Mesirow securities offerings in the United States and in the Financial, Brad was a Senior Vice President at Van Euro markets. She also has worked with financial Kampen Investments, a unit of Morgan Stanley, institutions in connection with international offerings where he was responsible for coordinating all of equity and debt securities, equity- and credit- regulatory requests and examinations and he linked notes, and hybrid and structured products, managed a team of compliance professionals as well as medium-term note and commercial responsible for reviewing all marketing and paper programs. advertising materials. Brad was also employed as a In the derivatives area, Ms. Pinedo counsels a Senior Vice President at EVEREN Securities where number of major financial institutions acting as arbitrated numerous customer disputes and dealers and participants in the commodities and ultimately had responsibility for managing the firm’s derivatives markets. Ms. Pinedo advises on material litigation and regulatory matters. structuring issues, as well as on regulatory issues, Following graduation from law school, Brad was monetization, and hedging techniques. Her work a litigation associate at a Miami-based law firm and focuses on foreign exchanges, equity and credit then spent four (4) years with the Enforcement derivatives products, and structured derivatives Division of the U.S. Securities & Exchange transactions. Ms. Pinedo has experience with a Commission where he served as Chief, Branch of wide range of transactions and structures, including Enforcement and was responsible for managing a collars, swaps, forward and accelerated team of enforcement attorneys. repurchases, forward sales, hybrid preferred stock, Brad holds a BA degree from Cornell equity- and credit-linked notes, and off-balance University, a JD degree from the University of sheet structures. Ms. Pinedo also has advised Miami and a MBA degree in finance from the derivatives dealers regarding their Internet sites University of Chicago. and other Internet and electronic signature/delivery both strategic and tactical asset allocations and issues. Ms. Pinedo has been included in Best investment strategies utilizing all asset classes. He Lawyers in America, Crain's New York Business is a senior member of the Portfolio Advisory Group "Forty Under 40" and in Investment Dealer's Digest covering the Northeast region with $19.2 Billion in "Forty Under 40" and Hispanic Business's "100 client assets. Most Influential Hispanics." Ms. Pinedo has been Before joining UBS in July 2006, Brian was a ranked by Chambers USA as one of America's Managing Director and senior investment leading capital markets–derivatives lawyers and by consultant for structured products and alternatives Chambers Global as one of the world's leading at Deutsche Bank Private Wealth Management. lawyers (recommended in capital markets– Previously, he has held senior positions in various derivatives). private investment advisory firms and was a senior vice president, head of proprietary fixed income BERND HENSELER trading and desk head of the primary dealer at Paribas Capital Markets, now BNP Paribas. He was S&P INDICES also a member of Paribas' Executive Risk Bernd Henseler, vice president at S&P Indices, Committee and involved in the firms strategic oversees the channel management efforts for planning. He began his career at Merrill Lynch, structured products where he held key trading positions primarily in globally. derivative products Prior to joining S&P Brian graduated magna cum laude with a B.A. Indices, Bernd served as and M.A. in Economics from Boston University and vice president at an is the chair of the Economic Department's Board of independent asset Advisors for the undergraduate college and manager in Toronto. graduate school. Brian, a Chartered Alternative Before that, Bernd was an Investment Analyst (CAIA) is also a member of the executive director for Structured Products Association (SPA) as well as Morgan Stanley, London. the Professional Risk Managers' International At Morgan Stanley, he Association (PRIMA). He currently holds the worked in the retail following registrations; 7,24,3,63,66,55, and Life structured products group where he was and Health Insurance. responsible for setting up a structured products platform and developing investment solutions for private clients. Prior to Morgan Stanley, Bernd was DAVID B. ARMSTRONG a vice president for the equity structured products MONUMENT WEALTH MANAGEMENT platform at Deutsche Bank in Frankfurt and David B. Armstrong, CFA is the lead investment London. He also worked as vice president at Sal. strategist at Monument Wealth Management, as Oppenheim in Frankfurt in the equity derivatives well as a co-founder of the department, where he was responsible for firm. David has been named developing solutions for private and corporate among Registered Rep’s Top clients and extending the structured products 100 Independent Advisors in offerings. the United States in 2009 and Bernd is a CFA charter holder. He holds a 2010 (based on assets under master’s degree in business administration from management). In 2010, Indiana University of Pennsylvania and a Diplom Armstrong was selected Kaufmann degree in business administration and among 5 Financial Advisors finance from Gerhard-Mercator University in nationally to make weekly Duisburg. contributions to the U.S. News & World Report Blog, BRIAN W. FORMENTO “The Smarter Investor,” and was recently profiled in UBS WEALTH MANAGEMENT Research Magazine, “The Social Networker” in April 2011 and Financial Planning Magazine, “How Brian is responsible for articulating and to Embrace Social Media and Stay Compliant” in delivering comprehensive, research-driven asset January 2011. David previously worked at allocation and portfolio strategy advice to our Donaldson, Lufkin & Jenrette, Credit Suisse First Private Wealth Advisors and their ultra high net Boston and Merrill Lynch and is a Major in the worth clients. He conducts detailed portfolio review United States Marine Corps Reserves. sessions with private clients to help them develop Future Value Consultants Delivering expertise and transparency in financial markets Structured product reporting Independent valuation service through our Structured Edge platform for complex and covering markets across the world vanilla derivatives Pricing analytics NAV calculations combining accuracy and ease of use serving the hedge fund industry Index calculation business Consultancy services covering all types of standard using our knowledge and experience and algorithmic indices in structured products www.futurevc.co.uk • www.structurededge.com Telephone: +44 (0) 20 3384 1450 Email: email@example.com Security, advisory & asset management services SEC Registered RIA with five offices across the offered through LPL Financial, a Registered country. Investment Advisor. Member FINRA/SIPC. He is co-author of the upcoming book Win in Any Market: How to Build and Keep a Fortune Using Structured Products in Up, Sideways, and DAYNA M. KLEINMAN Down Markets and was listed in Forbes as one of ROBERT W. BAIRD & CO. the "Top 10 Leading Wealth Managers in the Dayna Kleinman joined Baird in 2002 and has United States.” He is frequently interviewed in 18+ years of experience in the financial services CNN, Fox, Money Magazine, Wall Street Journal, industry. She covers Bloomberg, and Structured Products Daily. multiple products in the Alternative Investment space, such as Structured GARY NATHANSON Products, Managed BARCLAYS CAPITAL Futures, Private Equity and Gary Nathanson is a Director and Head of Latin Hedging Strategies among America Investor Solutions at Barclays Capital. others. Based in New York, Mr. Prior to joining Baird, Nathanson is responsible Dayna was the Regional for the firm’s distribution of Manager for Municipal cross asset structured Bond Marketing at Merrill products and OTC Lynch. Initially, Dayna was involved in the derivatives into Latin marketing and product development for the Fixed America. Income department at Baird, working with the Mr. Nathanson joined traders and research; providing both account Barclays Capital in 2008 reviews and portfolio proposals. Currently, Dayna from Lehman Brothers, oversees the various aspects of Baird’s Alternative where he focused on platform including product development, education, equity, funds and marketing and due diligence. commodity structured products sales into the US Dayna is also a member of Baird’s “Women’s and Latin America. Associate Resource Group” steering committee. Mr. Nathanson received a Bachelor of Business Dayna earned a Bachelor of Science degree Administration degree from Goizueta Business from Ithaca College, and a Masters degree in School at Emory University. Business Administration from DePaul University. She holds the FINRA Series 7, 63, 66, 53, 3, 31 GLENN LOTENBERG and 24 licenses. INCAPITAL LLC Glenn Lotenberg is Managing Director with ERIC A. GRESCHNER, J.D. Incapital LLC's Structured Investments Group. REGATTA RESEARCH & MONEY Incapital is a global MANAGEMENT, LLC distributor of structured and fixed income products. Eric A. Greschner, J.D., is a national trainer Mr. Lotenberg is specializing in structured products at responsible for the YourFinancialCoac distribution of structured hes.com, which retail products globally provides live and across all asset classes: online training, single stocks, indices, testing, continuing commodities, foreign education, and exchange, credit, fixed certification for income and inflation. The financial Incapital team is on track to distribute more professionals than three billion dollars of structured notes & CDs throughout the U.S. into the U.S. retail market this year. He is also a portfolio manager at Regatta Glenn joined Incapital in February 2007 with Research & Money Management, LLC a fee-only more than ten years of professional experience. Prior to joining Incapital, he worked for six years at CIBC World Markets in the equity and commodity degree in Statistics and Mathematics from FSU, structured products marketing group and also as a with a minor in Accounting. trading assistant. Previously, Glenn was at Bear Stearns where he was an analyst in the equity derivative middle office. He also held several JAMES JOCKLE positions in the bank's derivative group in New NUMERIX York. James Jockle leads the company’s global Glenn has recently contributed to Structured marketing efforts, spanning a diverse set of Products Magazine, mtn-i, Bloomberg, Prospect solutions and audiences. He oversees integrated News, and StructuredRetailProducts.com. marketing communications to customers in the Mr. Lotenberg received a bachelor of Business largest global financial markets and to the Numerix Administration from Hofstra University. partner network through the company's branding, electronic marketing, research, events, public GUY GREGOIRE relations, advertising and relationship marketing. Prior to joining Numerix, he served as Managing PERSHING Director of Global Marketing and Communications Guy Gregoire is a Director for Pershing, a BNY for Fitch Ratings. During his tenure at Fitch, Mr. Mellon company, in the Fixed Income Trading Jockle built the firm’s public relations program, department, where he is responsible for the firm’s oversaw investor relations and led marketing and syndicate business, including structured products, communications plans for several acquisitions. He unit investment trusts (UITs) and closed end funds. also oversaw the brand development of a new Mr. Gregoire has an extensive fixed income company dedicated to the enhancement of credit background across the yield curve and credit derivative and structured-credit ratings, products spectrum. Prior to joining Pershing, he worked for and services. Prior to Fitch, Mr. Jockle was a Lehman Brothers in the Investment Banking member of the communications team at Moody's division, before moving to the Fixed Income Sales Investors Service. and Trading division. Mr. Gregoire earned a Bachelor of Science degree in Economics, with honors, from Yale College. JASON UNGAR GUGGENHEIM PARTNERS, LLC JAMES FISK Mr. Ungar is the NEWBRIDGE SECURITIES product specialist for James Fisk joined the Newbridge Fixed Income equity strategies for Advisory Group in 2006. In his 24 year career, Mr. Guggenheim Partners, Fisk has worked at LLC. He has a wealth of Westcap experience in designing Securities, Dean and marketing derivative Witter, GMS, and based investment Suncoast Capital strategies, and he is the Group. In 2001, he author of numerous was one of the papers and articles on founders of JVB index option overwriting Financial Group. programs. In his most recent role, he was the Since 1985, Mr. Director of Marketing and Head of Product Fisk has been consulting with institutional clientele, Development for Gresham Investment including banks, credit unions, municipalities, Management LLC, a New York based institutional insurance companies, and money managers. He asset management firm. Prior, Mr. Ungar was a holds the following securities licenses from FINRA: Director at Ansbacher Investment Management Series 7, 24, 63, 27 (FINOP), and 53 (MUNI). Inc., where he specialized in the development and Mr. Fisk specializes in the trends and intrinsic implementation of equity volatility strategies for value interpretation of fixed income products, such institutional and high net worth clients. He was also as Treasuries, Agencies, CDs, Mortgage Backed a Partner at Apogee Capital, LLC. He is Series 66 Securities, CMOs, and Structured Products. Mr. and 3 licensed. Mr. Ungar received a BA in Fisk attended both Auburn University and Florida Philosophy with a minor in Mathematics from St. State University, where he was a member of the John’s College, Annapolis, MD. cross country and track & field teams. He has a JOSEPH CASTELLUCCIO Numerix Models with partners such as Bloomberg, and leading systems vendors including PRINCERIDGE GROUP LLC Summit, Murex, Calypso, Thomson Mr. Castelluccio has over 35 years of Wall Street Reuters, Sungard, Acumen, and Algorithmics. experience. Currently he is Managing Director, at Throughout his career Samborn has worked The PrinceRidge Group . As Product Manager of with various financial institutions including the Structured Products team, Mr. Castelluccio LCH.Clearnet, The US Treasury, NYSE Euronext, specializes in bonds linked to various indices, JPMorgan Chase, Credit Suisse, World Bank, ING, baskets of equities, currencies, commodities and Bank of America, Fidelity, Wellington, Blackrock yield curve strategies. Prior to joining PrinceRidge and Goldman Sachs. Group LLC, Mr. Castelluccio was the former Head Samborn holds a BA in Mathematics from the of Structured Products at another Investment State University of New York. Banking boutique, where he was instrumental in developing and creating the structured products platform. Prior to his involvement in Structured LISA MEYER Products, he was Senior Vice President of Fixed SECURITY GLOBAL INVESTORS Income Sales and Trading at ICAP Securities, with As senior product manager for all of the firm’s trading responsibility for middle market and index-based products, Lisa is involved with ETF institutional accounts. Before joining ICAP, Mr. development as well as t Castelluccio spent the majority of his career at he development of other Prudential Securities, most recently as Senior Vice index-based product President of corporate bond trading where he opportunities. managed the corporate bond trading desk for the Prior to joining the firm's retail and institutional accounts. Mr. firm, Lisa spent the last Castelluccio is a former president (1984-1985) of several years developing the Corporate Bond Traders Club of New York, a and marketing products graduate of the College of Staten Island, and is a for Dow Jones Indexes. proud veteran of the United States Marine Corps. During her time at Dow Jones, she played a key KEVIN SAMBORN role in the development SAPIENT GLOBAL MARKETS and management of indices covering Latin Kevin Samborn, Vice President, Valuation and America, infrastructure, target date, hedge funds, Risk Analytics at Sapient Global Markets, joined the sustainability, plus others. She holds a bachelor’s company in 2009, degree in English literature from Princeton and brings over 20 University and an MBA with a focus on international years of financial business and marketing research from Bernard M. services and Baruch College. Lisa also holds the Chartered software Alternative Investment Analyst designation and has engineering earned a FINRA Series 7 license. Lisa has expertise to the authored several white papers on ETFs and Islamic company. Focusing investing. on valuation and risk management MARC A. VOSEN initiatives for clients, KEY INVESTMENT SERVICES Samborn provides Marc Vosen is President and CEO of Key consulting around pricing policies, risk methodology Investment Services, a NASD broker/dealer and model selection / validation, as well as created to serve the retail bank and business technical implementations of custom and third-party banking divisions of Key Bank. The new firm analytics libraries. consists of 200 dedicated Financial Advisors and Prior to Sapient Global Markets, Samborn was 1000 licensed bank employees throughout Key’s Chief Technology Officer (CTO) and Senior Vice footprint. President at Numerix, a pricing analytics software Prior to joining Key, Mr. Vosen spent 11 years company, specializing in structured credit, in a number of senior management positions at structured notes and their hedges for FAS 133 / FirstMerit Bank including President and CEO of IAS 39 accounting. In this role he was responsible FirstMerit Investment Services. In addition to for all professional services and integration of having managed the overall operations of FirstMerit Strucured Notes and FDIC Insured CDs Active New Issue and Secondary Marketing Making: PrinceRidge is a nancial services rm • Steep Notes • Range Notes built upon extensive industry experience, • Step-Up/Vanilla professionalism and integrity. • Linked Notes – Equity, Commodity, Currency, CPI • Non-Inversion Notes • Fixed to Float e rm is client oriented, xed income • Reverse Convertibles focused, and o ers a variety of nancial Structured Notes Sales and Trading Team services to an institutional customer base. Armand Pastine, Managing Director – Group Head 646-792-5625 PrinceRidge is committed to employing Joseph Castelluccio, Managing Director Head of Structured Notes 646-792-5627 quality professionals with signi cant industry Steve Cocco, Director Structured Notes Trading experience, deep product knowledge, integrity 646-792-3461 Russell Jeffrey, Structured Notes Sales and entrepreneurial spirit. 646-792-3434 Jeff Bonk, Structured Notes Sales 646-792-3466 The PrinceRidge Group LLC | Member FINRA, NYSE | 1633 Broadway, 28th Floor | New York, NY 10019 | 646-792-5600 Securities Inc., FirstMerit advises on complex cross-border investment and Insurance Agency. Inc. financing transactions. and FirstMerit Commercial Mr. Credit Insurance Reigersman's Company, he served on areas of the Executive Committee expertise further and had responsibilities include for the sales and transactional integration of the work for capital investment program within markets the bank. transactions, Prior to joining corporate FirstMerit, Mr.Vosen was a Financial Consultant mergers, acquisitions, reorganizations, and joint with 1st Nationwide Bank. Before entering the ventures, as well as tax planning in connection with bank channel, he spent 13 years on the wire house inbound and outbound investments. side of the business as a Financial Consultant and University of Leiden (J.D., 2003) Regional Annuity and Insurance Specialist for New York University School of Law (LL.M., Kidder Peabody, Shearson Lehman Hutton and 2006) Merrill Lynch. Mr. Vosen currently serves as President for the SAMSON KOO Bank Insurance & Securities Association (BISA) and serves on the Investment Committee for the ADVISORS ASSET MANAGEMENT Community Bank Association (CBA). Samson Koo is Managing Director and Head of Derivative Products for Advisors Asset Management, Inc. Based in New York, Samson is MIKE MILLARD responsible for product development involving CITIZENS FINANCIAL GROUP, INC. the use of derivatives. Mike Millard is an Samson has been in the Executive Vice President of derivative industry for Citizens Financial Group and over 20 years, starting is the Director of the Wealth with Bankers Trust in Management Division of New York, with overseas Citizens Bank, N.A. He is posts in Tokyo and Hong also the CEO of CCO Kong, eventually Investment Services Corp., a returning to New York with JPMorgan. Prior to wholly owned subsidiary of joining AAM in 2011, Samson was Head of Equity RBS Americas. In addition to Derivatives Structuring, Americas for Barclays the broker/dealer, the Wealth Capital. Samson holds an MBA from the Wharton Management Division School of Business, and a Bachelor’s and a encompasses the Trust, Master’s degree in Engineering from the University Premier and Private Banking areas of the bank. of California, Berkeley. Mike joined Citizens Bank in 2006 after 10 years in asset management for Dreyfus. He served as the President of Dreyfus Corporation for 4 years. SCOTT Prior to his tenure at Dreyfus, he worked as a GREENWOOD senior executive running 12 states in the Midwest JVB FINANCIAL for PaineWebber for approximately 6 years. Mike Head of Structured has over 25 years experience in the investment Products Trading at JVB industry. Financial JVB Structured REMMELT A. REIGERSMAN Products Team MORRISON & FOERSTER distributes calendar and customized offerings Remmelt Reigersman focuses on federal and from all major global international tax matters. Mr. Reigersman regularly issuers to the US His experience includes model development and and his MBA from New York University's Stern product structuring as well as the business, School of Business, where he specialized in mathematical and technical aspects of creating accounting and finance. innovative services in the structured product At NERA, Mr. McKenna is a member of the market. His passion is for bringing powerful and Securities and Mass Torts Practices. For the accessible tools which help the transparency and Securities Practice, his areas of expertise include education process in financial markets. asset valuation issues and forecasting. He has TIM STODDART consulted on the valuation of fixed CAPITAL INVESTMENT MARKETING income, equity, Tim Stoddart, , a 25-year Wall Street and employee stock financial services veteran, is Managing Partner and options, principal President of Capital Investment Marketing, Inc. protected notes, and a Prior to starting Capital Investment Marketing in variety of other 2007, Tim served as a Senior Vice President and derivative positions. His Divisional Sales Manager at John Hancock experience also Financial Services where he includes forecasting class action and bankruptcy directed Variable Annuity, filings for insurance industry clients. Fixed Annuity and 529 Plan Prior to joining NERA, Mr. McKenna worked for wholesaling in the Bank two years at the Federal Reserve Bank of Chicago Channel. From 1988 to as an Associate Economist. 2005, he was an executive MBA, Stern School of Business, New York officer with Essex University Corporation, the leading MA in economics, University of Pennsylvania wholesaler of investment BA in economics, University of Chicago products through banks. He rose to become Senior Vice President with responsibility WILLIAM RHIND for managing the wholesale distribution of fixed ETF SECURITIES, LLC annuities, variable annuities and mutual funds. Tim William Rhind is the Managing Director of ETF also has extensive experience starting and Securities(US)LLC. ETF Securities is a leading managing retail brokerage programs operating at independent provider of banks including Republic National Bank, The Bank Exchange Traded Products of New York, US Trust Bank and Independence (ETPs). In the US, ETF Community Bank. Previously, he worked for L.F. Securities has launched 7 Rothschild & Co in fixed income securities. physically backed precious Past and present clients include: Bank of metals ETFs and manages America, J.P. Morgan Chase, Bank of New York, around $4bn USD. ETF Citibank, Republic National Bank, Bank of Boston, Securities pioneered the EAB, Wachovia, HSBC, Wells Fargo, Key Bank, world’s first physical Gold Citizens Bank, Comerica, Banknorth, Hudson ETF in 2003, in Australia. United Bank, Huntington Bank, LaSalle Bank, William’s primary focus is to Standard Federal, Michigan National Bank, First build the firms distribution Chicago NBD, Ohio Savings Bank, First Merit capabilities in North America and expand ETF Bank, Compass Bank, Capital One Bank, Hibernia Securities leading franchise in commodity ETFs. He Bank, Northfork Bank, Webster Bank and joined ETF Securities in March 2007 from the ETF many more. business of Barclays Global Investors (iShares). Tim is a graduate of the Rippowam School and William has worked in the European ETF industry Deerfield since it’s inception and is currently based in New York. Prior to ETF Securities, William was an investment banking analyst at Nomura International TIMOTHY MCKENNA in London. William is a regular commentator in the NERA press and specialist guest on TV programmes such Mr. McKenna received his BA in economics as CNBC, FOX and BNN. from the University of Chicago, his MA in economics from the University of Pennsylvania, broker/dealer community. Providing both primary Style Index Series, S&P Listed Private Equity & and secondary markets in the structured products Infrastructure Indices, S&P Thematic Index Series, space, as well as education and training to S&P 500® VIX Futures Index Series, S&P broker/dealers and RIA’s. Preferred Index Series, S&P Treasury Index Series, S&P Dividend Index Series and S&P Arbitrage Index Series. He served as a member of the S&P SOLOMON TELLER U.S. Index Committee from 2002 to 2010, and PROSHARES holds a U.S. patent related to style benchmarks. Solomon Teller joined ProShares in 2007 and is Additionally, Srikant has authored several research currently Head of Investment Analytics where he is papers on index issues such as the widely followed responsible for product SPIVA™ (S&P Index Versus Active) and research and strategies. Mr. Persistence Scorecards. Teller is a frequent speaker Srikant joined Standard & Poor's in 2000 as and panelist at ETF events manager of global index analysis. He is a Fellow of has published articles on the Global Association of Risk Professionals and a hedging practices, long term CFA charter holder. Srikant is a frequent performance and rebalancing contributor and reviewer for industry journals and strategies using Geared publications, is on the board of editors for several ETFs. industry journals, and is widely cited in the press. Prior to joining ProShares, Srikant holds a bachelor's of electrical engineering Teller served in several from the National Institute of Technology, Rourkela, wealth management India and an MBA from the Indian Institute of capacities, most recently as Senior Portfolio Management at Ahmedabad. Manager at Trumbower Group. Teller also has worked with Fannie Mae in developing its portfolio and trading analytics capabilities and with Investor TIM ANDREWS Newswire, an investment oriented internet start-up. SCOTIABANK Teller holds the Chartered Financial Analyst Timothy Andrews is a Managing Director at (CFA) designation and has a B.A. in Economics Scotiabank, where he heads up U.S. Structured and Philosophy from the University of Maryland. Products and Equity Derivatives Sales. Prior to joining Scotiabank, Mr. Andrews was a Senior Vice President at HSBC Bank USA in the Structured SRIKANT DASH Equity Products group. Prior to joining HSBC, Mr. S&P INDICES Andrews practiced derivatives and securities law at Srikant Dash is managing director at S&P Cadwalader, Wickersham & Taft LLP. Timothy Indices, where he has overall responsibility for received a J.D. degree from Cornell Law School channel strategy and and a B.A. degree with honors from Johns Hopkins solutions. Srikant leads a University team of channel managers who hold responsibility for TIM MORTIMER key client focused areas of the market including Defined FUTURE VALUE CONSULTANTS Contribution, Exchange Tim Mortimer is Managing Director of Future Traded Products, Financial Value Consultants, a research, product design and Advisors, Insurance, analytics Structured Products, and consultancy Trading. Srikant also has specialising in global responsibility across structuring products. asset classes for research and design efforts for He has worked new S&P indices. for 20 years in At S&P, Srikant has led the development of derivatives and several dozen new indices which span asset structured products, classes, themes, and strategies and collectively link previously as a to assets of more than US$ 50 billion. Some of the Quantitative analyst leading stock market indices Srikant has created at Paribas, UBS and Zurich Capital Markets before include the S&P Equal Weight Index Series, S&P founding FVC in 1998. DeriveSafelyGenericUS032610.pdf 3/26/10 5:17:28 PM C M Y CM MY CY CMY K Taking Analytics Further @ barcap.com Uniting aroUnd one goal: YoUr sUccess. At Barclays Capital, your dedicated team is our entire company. Every relationship begins with a single point of contact. Then we build a unique team around your challenges, share knowledge among all our disciplines, and reach out across geographies to find the best ideas. So we can seamlessly deliver comprehensive solutions to even the largest and most complex problems. Our approach to teamwork is simply based on the way our clients see the world: find the best solutions for the challenge. At Barclays Capital, we know world-class solutions don’t come from departments – they come from talented people who share a collective goal, your success. For further information on our structured products solutions, please email firstname.lastname@example.org. Earn Success Every Day Issued by Barclays Bank PLC, authorized and regulated by the Financial Services Authority and a member of the London Stock Exchange, Barclays Capital is the investment banking division of Barclays Bank PLC, which undertakes US securities business in the name of its wholly-owned subsidiary Barclays Capital Inc., an SIPC and FINRA member. © 2011 Barclays Bank PLC. All rights reserved. Barclays Capital is a trademark of Barclays Bank PLC.