Speakers - 2008 Transition Management Conference

Hari Achuthan
Director, Pension Strategies and Transition Management
Credit Suisse

Chris J. Battaglia
Publisher
Pensions & Investments

Chris Battaglia currently serves as publisher of Pensions & Investments (P&I), the preeminent international newspaper of money management. He is responsible for managing the brand's businesses including the biweekly newspaper, online and conference products. In this role, he has earned a reputation for innovation, cultivating new business opportunities in Europe and the United Kingdom, while expanding P&I's website, www.PIonline.com, and launching a variety of custom-publishing initiatives, including the formation of P&I Custom Media. A 20-year veteran of business and financial publishing, Mr. Battaglia has also served as Vice President, Associate Group Publisher of The Industry Standard, and has held sales management positions with YAHOO Inc., Corporate Finance magazine and Investment Dealer's Digest. He currently serves as the vice chairman of American Business Media's Publishers Committee and has been actively involved with the Financial Communications Society. He began his career in marketing at Merrill Lynch, Pierce, Fenner & Smith after earning a bachelor's degree from Ithaca College in 1985.

Jonathon Blau
Director, Leveraged Finance Strategies
Credit Suisse

James G. Cashman, CFA, CIMA, FRM
Director, Sales and Marketing
Mellon Transition Management

B.A., Georgetown University, cum laude
13 years of investment experience
5 years with MTM
• Responsible for marketing transition management
• Prior to joining Mellon Transition Management, was a Sales/Trader in the Institutional Equity Division unit of Morgan Stanley & Co. with a specialization in derivatives
• Prior experience as a Derivatives Operational Specialist for supporting money market and currency trading desks at Credit Suisse
• Series 3, 7, 24, 55 & 63 Licensed
• Earned the Professional Risk Manager (PRM) designation in 2007
• Earned the Certified Investment Management Analyst (CIMA) designation through The Wharton School of the University of Pennsylvania in 2006 in affiliation with the Investment Management Consultants Association (IMCA)
• Earned the right to use the CFA designation in 2005
• Earned the Financial Risk Manager (FRM) designation in 2004
• Member of the CFA Society of Philadelphia, Global Association of Risk Professionals (GARP), Investment • Management Consultants Association (IMCA), and Professional Risk Managers’ International Association (PRMIA)

Indra Chandra
Managing Director, Leveraged Finance Strategies
Credit Suisse

Rick Di Mascio
Chief Executive
Inalytics

Rick Di Mascio established Inalytics in 1998, previously he was the MD and CIO of CINMan,and then Head of the UK Unit at GSAM. Rick has also been a Director of Olympus Capital Management, a European long/short hedge fund manager, and IMIGest, the leading Italian mutual fund company. Rick is also Chairman of the T-Charter group.

Ruth Falck
Senior Consultant
Watson Wyatt Investment Consulting

Michael Feehily, CFA
Managing Director, Asset Owner Strategies
State Street Global Markets

Mr. Feehily is a managing director at State Street Global Markets and is responsible for developing optimal solutions to help asset owners meet their exposure needs through a variety of programs including cash equitization, liquidity management, synthetic overlay programs, and interim management. Prior to this, he was head of U.S. equity index products at State Street Global Advisors where he was responsible for over $300 billion in assets. Mike holds a Bachelor of Science degree in finance, investments, and economics from Babson College and a Master of Business Administration in finance from Bentley College. He is also a Series 7 License holder and a Chartered Financial Analyst.

Steven Glass
Senior Vice President - Head
Plexus Plan Sponsor Group, Inc.

Steven Glass joined Plexus in 1996. He heads up all client servicing and product development for plan sponsors including: due diligence monitoring, transition management, construction of prudent directed brokerage programs, soft dollar audits, manager searches and terminations, and assistance to trading desks. In December 1999, his Division was named Consultant of the Year by Plan Sponsor magazine.
Prior to joining Plexus, he served as General Counsel to the District of Columbia Retirement Board, where he provided fiduciary guidance on investment management issues, and developed the Board's Transaction Cost Monitoring Program.
Steve received his Juris Doctorate from Drake University Law School and has a Master's Degree in Law from Antioch Law School. He has written and spoken on trading costs, manager transitions and plan sponsor fiduciary obligations. Two articles (published in The Journal of Investment Consulting) have been cited as "seminal reading" for any plan sponsor concerned about transaction costs. In addition, an article on the fiduciary responsibilities of plan sponsors when implementing transitions (published in Institutional Investor's 2003 Investment Guide), was selected by the Practicing Law Institute for inclusion in its ERISA 2004 Course Handbook.

Ravi Goutam
Head of US Transition Management, Managing Director
Barclays Global Investors

Ravi Goutam is the head of BGI’s US Transition Management Group. Before joining BGI in 2005, Ravi was Vice President at Goldman Sachs, New York, managing the equity transition platform for four years. Prior to that, he was the primary transition coordinator at Deutsche Bank, New York. He began his career in the oil and gas industry where he worked as an engineer and sales manager. Ravi received his MS in chemical engineering from Oklahoma State University and his MBA from Columbia University. Ravi holds NASD Series 7 and 63 licenses.

Peter Grant
Managing Director
Shields Associates

Peter is a managing director at Shields Associates, providing investment consulting solutions to primarily pension, endowment, and foundation clients. He has worked with corporate defined benefit and defined contribution plans for more than 13 years. Prior to joining Shields, he worked for more than 11 years at Hewitt Investment Group in a similar capacity and 3 years at Standard & Poors Ratings Group conducting fixed-income research. He has his CFA charter, an MBA from Columbia University, and went to Cornell University as an undergraduate. He is a member of the Stamford Society of Securities Analysts and is proactive in the industry in encouraging pension plan sponsors to improve the processes followed in setting asset allocation policies and objectives.

Ben Gunnee, FIA
European Director
Mercer Sentinel Group

Ben is European Director of the Mercer Sentinel Group, based in London. The Mercer Sentinel Group focuses on advising clients in the fields of Plan governance and execution, custodian reviews, investment manager operational assessments and transition operations. Ben’s specialist area within the group is asset transitions where he is responsible for leading Mercer’s asset transition operations within Europe and is a member of the global transition manager research team. Prior to joining Mercer’s in 2002 Ben worked on the pension review for the Financial Services Authority and a major Life Assurance Company. Overall, he has over 9 years experience in the pensions market. Ben graduated from Leicester Business School in 1997 with a Masters Degree in Accounting and Finance and prior to this he studied Accounting and Financial Management at the University of Buckingham, graduating with First Class Honours. Ben is a Fellow of the Institute of Actuaries.

David Hanlon
Director, Sales and Marketing
Mellon Transition Management

Middlebury College, Bachelors Economics, Boston University, M.B.A., Finance
15 years investment experience
3 years with MTM
• Responsible for marketing transition management
• Prior to joining Mellon Transition Management, was head of North American Risk Management Sales for DST International and Managing Director, State Street – Askari Risk Management Solutions
• Prior experience includes educating plan sponsors and institutional investors on risk management including risk budgeting

Patrick T. Hughes, CFA
Vice President, Sales and Marketing
Mellon Transition Management

Miami University, B.S., Finance
Ohio State University, MBA, Finance & Real Estate
15 years of finance and investment experience
1 year with MTM
• Responsible for sales & marketing of transition management in the Western United States
• Prior to joining Mellon Transition Management, he was the Director of Sales, Business Development and Partner Management at Financial Engines, Inc.
• Prior experience as a Client Service/Sales Officer and Portfolio Manager at Mellon Capital. Additionally he has worked at Fidelity Investments and Pacific Property Company
• Earned the right to use the CFA designation in 1996
• Member of CFA Society of San Francisco

Grant Johnsey
Vice President
Northern Trust Global Investments

Grant serves as Head of Transition Management, North America for Northern Trust Global Investments. He has been involved in transition management since 2001, having managed well over 1,000 different transition events during this time period. Grant manages a team of transition management strategists whose primary responsibilities are to work with clients to understand their transition goals and devise the optimal strategy to achieve them. This role also includes the analysis of upcoming transitions and providing detailed reports to highlight potential cost and risk. In addition to transition management, Grant also works with clients to provide overlay programs which use derivatives to equitize cash or provide desired index exposure.
Grant began his career in London working on an institutional block trading desk dealing in European and Asian equity markets. His primary duties were managing the operations of the group and handling all currency trading. While in London, he developed a comprehensive program to convert American and Global Depository Receipts in order to facilitate large institutional trade orders. To compare prices from different markets, Grant built a real time price analysis system that enabled traders to identify the best markets for trading.
Upon returning to the US in 2001, Grant used this same technology to develop a pre-trade analytics package for Capital Institutional Services (CAPIS). In 2002, he assumed responsibility for the portfolio trading desk at CAPIS, which included both transition management and program trading. He remained as Director of Portfolio Trading at CAPIS until joining Northern Trust in 2004 as senior strategist.

Ross McClellan, CFA
Senior Managing Director
State Street Global Markets

Mr. McLellan is Senior Managing Director of State Street Global Markets, LLC. He joined the firm in 1997 and is currently responsible for State Street’s trading and research products to the asset owner community. He is a Chartered Financial Analyst and a member of the AIMR. Mr. McLellan is a member of State Street’s Investment Committee. He holds a B.S. in Finance from Stonehill College and a Masters in Finance degree from Boston College.

Ron Papanek
Head of Market Strategy
RiskMetrics Group

Ron Papanek is responsible for market strategy at RiskMetrics Group. He previously led the Alternative Investments Business overseeing the hedge fund and fund of funds segments and served on RiskMetrics Group’s Risk Advisory Group, which is a team of risk professionals that helps clients execute active risk management strategies. He frequently provides industry insight to the financial media including CNBC, BloombergTV, The Wall Street Journal and The Financial Times.
Prior to joining RiskMetrics Group in 2000, Ron spent a decade at J.P. Morgan Securities, where his most recent position was Vice President, responsible for proprietary trading. During his tenure at J.P. Morgan, he held trading posts in equity derivatives, mortgage-backed securities and treasuries.
Ron’s career in finance began at Chicago Board of Trade, where he traded futures and options on treasury bonds and soybeans. He received his MSIA in finance from the Carnegie Mellon University Graduate School of Industrial Administration and his BA in economics from the University of Chicago.
RiskMetrics provides expertise to the financial community through a broad range of research, analytics, data and other products and services. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. The company is headquartered in New York City, with eleven worldwide offices, including London, Tokyo and Singapore.

Paul G. Sachs
Principal
Mercer Investment Consulting

Paul is a senior member of the Mercer Sentinel Group, a global team that specializes in the implementation and governance of investment operations, including transition management, securities lending, foreign currency exchange, and custodial evaluations.
First licensed as a registered representative in 1982, he gained fourteen years direct experience implementing transitions before joining Mercer’s consulting team in 2005 as a specialist in transaction oriented activities within the investment process. His previous responsibilities include heading the Mercer Transition and Recapture Services division of MMC Securities Corp., managing the institutional broker/dealer operation of SEI Financial Services Company, and representing Kidder, Peabody & Company in Philadelphia.
Paul holds a BA from Yale University and an MBA from the Wharton School of Business, University of Pennsylvania.

Keith Wilson
Director, Investment Management
Mellon Transition Management

B.S., Cornell University
M.B.A., University of Virginia
23 years of investment experience
2 years with MTM
• Responsible for transition portfolio management
• Prior to joining Mellon Transition Management, he was responsible for US and Global Portfolio Trading sales and relationship management at Deutsche Bank Securities Inc.
• Prior experience includes marketing and the use of listed and OTC equity derivatives, US Government bonds, global equity and fixed income futures, and operations management
• Previously licensed as Series 3, 7, 30, and 63

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