Hedstrom Pamela

Document Sample
Hedstrom Pamela Powered By Docstoc
					                              PAMELA M. HEDSTROM, CFA
                            Capital Markets/Privatization Specialist
                                    pmhedstrom@aol.com
Pamela Hedstrom has an extensive background in capital markets and finance. Her professional
experience includes investment banking, financial analysis, corporate valuation, privatization,
securities research, sales and trading, portfolio management, venture capital, and management
consulting. Recently, she was a Senior Capital Markets Adviser in Romania on the USAID Financial
Market Reform project, whose goal was to assist in the development of new financial instruments for
the Romanian capital markets including mortgage securities, corporate bonds and government bonds.
Ms. Hedstrom was the coordinator of the Mortgage Market Task Force, an industry-wide group
comprised of representatives from the major banks, mortgage companies, regulatory agencies,
government ministries, law firms, investors, service providers and other international financial
institutions. She led the drafting teams for the Mortgage Legislative Package to develop a
comprehensive legal framework for Romania including the redrafting of the primary mortgage law
and the creation of secondary market legislation.

Ms. Hedstrom has spent the majority of her career in the investment business and has an extensive
knowledge of fixed income and equity products including mortgage-backed securities, corporate and
high yield bonds, and derivative instruments in both developed and emerging markets. She has been
a securities trader in the interbank, over-the-counter (OTC), options, futures and commodities
markets in addition to securities exchanges. Ms. Hedstrom has an extensive background in portfolio
strategies, asset allocation, new product development and deal structuring having served as securities
trader and product manager for several Wall Street firms. Her responsibilities included broker sales
force education, preparation of marketing materials and research reports, client presentations, product
management and business development. Ms. Hedstrom holds an MBA in Finance from the
University of Chicago and an AB from Dartmouth College and has earned both the Chartered
Financial Analyst and Certified Financial Planner designations.

During the past twelve years, Ms. Hedstrom has been a technical consultant on privatization,
economic restructuring and capital markets projects funded by WB, IFC, USAID, USTDA and
private sector firms in the CEE, NIS, Asia, Latin America and the Middle East.
EXPERIENCE
2005-Present Hedstrom & Associates, Bucharest, Romania
    Capital markets, securitization consulting and financial advisory services with an emphasis
       on secondary mortgage market funding strategies based on EU and international best
       practices.
    Local coordinator for Urban Institute on the USAID sponsored Southeast Europe Mortgage
       Finance Network conference to be held in Bucharest in April 2006.
    Assist clients in developing optimal product/deal structures to obtain investment grade credit
       ratings for securitization transactions.

2005            The Aries Group, Bethesda, Maryland
                Senior Capital Markets Adviser
       Afghanistan, 2005, USAID: Land Titling & Economic Restructuring Project (LTERA)
        project: Valuation Team Leader for determining the market value of various state-owned
        enterprises in the construction, cement, agricultural and transportation sectors. Identified
        potential obstacles to the successful implementation of privatization transactions.

2004-2004       Stewart Information International, Houston, Texas
                Senior Vice President – Securitization Services
       Developed strategic plans for new securitization products and business units; and
PAMELA M. HEDSTROM, CFA
Page No. 2

         Provided financial advisory and capital markets services to support securitization clients
          worldwide.
2003-2004         The Aries Group, Bethesda, Maryland
                  Senior Capital Markets Adviser
      Romania, 2003-2004, USAID Financial Market Reform (FMR) project: Coordinator of the
       Mortgage Market Task Force, whose mission was to increase market awareness, improve the
       loan origination process, design a suitable securitization process, participate in the legislative
       and regulatory process, and encourage the issuance of mortgage securities. The Task Force
       was comprised of a cross section of market participants including mortgage lenders (over 20+
       banks or mortgage credit companies), regulatory agencies (National Bank of Romania,
       National Securities Commission), government ministries (Finance, Transportation,
       Construction & Tourism), law firms, the stock exchanges, investors, service providers and
       other international financial institutions (IFC, EBRD, World Bank, Assn. of German Mortgage
       Banks, USAID-Washington).
       Major activities included:
         o Led the drafting teams for the Mortgage Legislative Package to develop a comprehensive
             legal framework including redrafting the primary mortgage law MLL 190/1999 and the
             creation of secondary market legislation including Mortgage Bond and Asset-Backed
             Securities Laws;
         o Promoted adoption of standardized underwriting and contracting processes in line with
             international best practices to create collateral suitable for “pooling” or packaging for
             sale in the secondary market;
         o Supported the development of new financial instruments for the Romanian capital
             markets including mortgage securities, corporate bonds and government bonds; and
         o Organized and spoke at numerous Romanian and regional roundtables and seminars on
             Borrower Education, Mortgage Market Development, Securitization, etc.
1994-2003         Hedstrom & Associates, Rockville, Maryland
International Assignments: As a technical consultant worked on privatization, economic
restructuring and capital markets projects funded by WB, IFC, USAID, USTDA and private client
groups. Regional experience includes CEE, NIS, Asia, Africa, Latin America, Caribbean and the
Middle East. Field projects included:
         Angola, 2002–2003, USTDA feasibility study: Responsible for financial projections and
          analysis as well as capital funding strategy for a port infrastructure project. Participated in
          cargo traffic forecasting and market analysis, evaluation of economic benefits, and revenue
          and tariff analyses. Study was co-sponsored by the Government of Cabinda, Angola and
          ChevronTexaco.
         Global – US Based, 1999-2000, Private Client: Developed business plans, financial
          projections and project timelines for an enterprise encompassing Internet access, telecom, e-
          commerce solutions and fulfillment capabilities targeted to affinity and ethnic groups in
          emerging markets particularly in the Middle East and Southeast Asia.
         Taiwan, 1998-1999, Private Client: Developed financial models and advised on funding
          strategies for a direct broadcast satellite service (DBS) project to provide television and high
          speed Internet access services to Taiwan and Southeast Asia.
         Argentina, 1995-1996, World Bank loan: Constructed financial model that evaluated the
          economic viability of the health care system. Prepared balance sheet and income statement
          projections for operations under proposed reforms.
         Haiti, 1995, IFC privatization project: For a restructuring and privatization plan for the ports
          in Haiti, prepared cash flow pro formas for operations, conducted analyses of the labor
          situation, investment schedule and cost structure, and assisted in developing bid documents.
PAMELA M. HEDSTROM, CFA
Page No. 3

       Russia, 1994-1995, USAID: Assisted the Minister of the Russian GKI (State Property
        Committee) and the Mayor of St. Petersburg in restructuring the St. Petersburg Seaport, and
        preparing for the sale of the GKI-owned shares in the port to foreign investors. Evaluated the
        financial condition of the port, its management company and operating and non-operating
        subdivisions, and prepared financial statements and projections for presentation to
        management and investors.
       Russia, 1994-1995, USAID: Participated on due diligence team examining various
        businesses under consideration for privatization; assisted in capital markets projects
        promotion.
Domestic Assignments: As a consultant worked with clients in the technology, telecommunications
and financial services sectors. Tasks and projects included:
       Performed formal valuation appraisals for privately held companies in medical software, data
        authentication and Internet security, wholesale building materials distribution, and stored
        value card solutions, etc.
       Developed financial models to support strategic planning initiatives and new product launch
        for a publicly traded Internet security company;
       Performed industry research and market analysis;
       Developed financial projections and valuation analyses;
       Assisted in refining business models, marketing strategies, business plans and company
        presentations;
       Advised clients on capital formation and financial restructuring issues;
       Represented clients to institutional investor and venture capital sources in capital formation;
       Conducted searches for strategic partners or merger and acquisition candidates;
       Performed due diligence and evaluated potential business opportunities; and
       Drafted prospectus for an offshore fund focused on Internet and telecommunications
        opportunities.
2000-2001       LearningStream, Inc., Silver Spring, Maryland
                Chief Financial Officer
       Senior financial executive of private angel-funded online multimedia company that focused
        on corporate training and communications;
       Active in business plan development, capital raising and overall corporate strategy with
        significant board and investor interaction; and
       Performed financial analysis, budgeting and forecasting, and managed general accounting
        functions.
1992-1994       JHM Capital Management, Inc., McLean, Virginia
                Vice President and Portfolio Manager
       Managed institutional short and intermediate term fixed income retirement funds ($1
        Billion); investments consisted primarily of mortgaged-backed securities (MBS) and
        derivatives.
       Prepared marketing materials, made client presentations, and wrote firm's quarterly market
        review, which was distributed to 300+ financial professionals.
1991-1992       Lewis, Bailey Cambridge Associates, Arlington, Virginia
                Investment Consultant
       Counseled endowed institutions on investment planning policies, strategies, and
        implementation.
       Assisted in investment manager and mutual fund selections, including US, international and
        emerging market debt, equities and alternative asset classes.
1990-1991       Donaldson, Lufkin & Jenrette, New York, New York
PAMELA M. HEDSTROM, CFA
Page No. 4

                Vice President, CMO Residual Trader and Product Manager
       Analyzed and traded collateralized mortgage obligation (CMO) residuals.
       Responsible for sales force education, marketing and client management.
1987-1990       Prudential Securities, Inc., New York, New York
                Vice President, Mortgage-Backed Securities, Derivative Product Trader
       Analyzed, marketed, and traded CMO residuals, interest-only and principal-only stripped
        MBS, project loans and asset-backed securities.
       Assisted in primary CMO and ABS structuring.
1985-1987       Drexel, Burnham Lambert, Inc., New York, New York
                Vice President, Fixed Income Portfolio Strategies
       Coordinated trading, sales, and research efforts to restructure portfolios.
       Presented analyses and research products to clients and sales force.
       Wrote marketing brochures for distribution to clients and firm personnel.
1984-1985       Walsh, Greenwood & Company, New York, New York
                Institutional Options Salesperson
       Directed equity and market index option strategies for institutional clients including market-
        maker, trading, mutual fund and investment manager accounts.
1983-1984       O'Connor & Associates, Chicago, Illinois
                Options Trader
       Devised and implemented spread and arbitrage strategies using equity, debt, gold, and foreign
        currency options, futures, and cash instruments.
       Completed rotational training program including exchange floor experience.
PROFESSIONAL CERTIFICATIONS & MEMBERSHIPS
       Chartered Financial Analyst, member - CFA Institute, Washington Society of Investment
        Analysts
       Former Certified Financial Planner
       Former Series 3, 4 ,5 ,7 and 63 registrations (options, futures, debt options and general
        securities licenses)
       Former Life Insurance Licenseholder
EDUCATION
1983            Graduate School of Business, University of Chicago, Chicago, Illinois
MBA, Finance. Dean’s Honor List. Treasurer of the Business Students Association.
1981            Dartmouth College, Hanover, New Hampshire
AB with distinction in classical archaeology, minor in economics. Recipient of academic
scholarship. Cum Laude honors group. Participated in foreign study program in Western Europe,
Greece and Turkey. Member of the Business and Finance Society.

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:5
posted:9/20/2011
language:English
pages:4