Tony Adams, Senior Portfolio Manager, Colonial First State Investments Tony Adams is a Senior Portfolio Manager, Credit Funds with Colonial First State Investments, Australia's largest fund manager and fixed income investor. Tony has been involved in the Australian and global debt markets for almost 20 years. At Colonial First State, he is responsible for the management of global credit portfolios, including asset selection and portfolio construction. Tony's portfolios encompass a wide range of credit investments from corporate bonds and loans to hybrid instruments and credit derivatives. His primary responsibility is management of the Global Corporate Debt Fund, which he has overseen since its inception. Tony holds a BC in Economics and Finance from the University of New South Wales and a Master of Business Administration from Deakin University. Ivo Antonov, Senior Director, Moody's KMV Ivo Antonov is a Senior Director at Moody’s KMV where he heads the Modeling Group, a global team responsible for the validation and calibration of internal credit rating systems. Since joining Moody’s KMV in 1999, Ivo Antonov has lead the adoption and implementation of Moody’s KMV credit decisioning and quantitative credit risk tools at major financial institutions worldwide. In his previous career Ivo Antonov was a corporate banker and business development executive with a merchant bank. He has a Masters degree in Computer Science from Technical University of Sofia and an MBA degree from Cyprus International Institute of Management. Navneet Arora, Ph.D., Director, Moody's KMV Dr. Navneet Arora is a Director of Research at Moody's KMV, where he leads the research effort in public default probabilities and valuation. Navneet joined the firm in 2001. His research interests include credit risk, asset pricing and contract theory. Navneet's work has been presented at various academic and practitioner conferences and seminars. He received an MBA in Finance from the Indian Institute of Management and a Ph.D. in Finance from the University of North Carolina. Ian Assersohn, Director, Moody's KMV Ian Assersohn is a Director at Moody's KMV and the Product Manager for the firm's internal rating products, with responsibility for RiskAnalyst and the RiskAnalyst ratings package. Ian joined Moody's Risk Management Services in 2000 when Moody's acquired the Crowe Chizek software business. He was working as a software developer with Syntelligence when that business was acquired by Crowe Chizek in 1990. Ian worked on internal rating systems for 12 years, first as a knowledge engineer and subsequently as a C++ developer, before moving into product management. He received a BA in Music from London University in 1981 and has done post graduate work in computing and artificial intelligence at South Bank University. John Baer, Product Manager, Moody's KMV John Baer is a Product Manager at Moody's KMV. His primary responsibilities involve financial templates, including the new International Financial Template (IFT), that are utilized with the RiskAnalyst, Moody's KMV Financial Analyst and Moody's KMV Risk Advisor software applications. John is also responsible for Benchmark, RiskAnalyst Financial Template Author and Avanti, as well as the annual Risk Management Association database update and RMA submissions utility projects John joined Moody's KMV after nine years with Ernst & Young. He spent five years in the Audit Group at Ernst & Young, advising clients on accounting standard application and financial reporting requirements. Subsequently, he was a Senior Manager in Ernst & Young's Transaction Advisory Services Group, performing merger and acquisition due diligence on behalf of corporate and private equity clients. John is a Certified Public Accountant. Terry Benzschawel, Ph.D., Co-director of Quantitative Credit Modeling and Analytics, Citigroup Global Investments Dr. Terry Benzschawel is Co-director of Quantitative Credit Modeling and Analytics in the Fixed Income Division at Citigroup Global Investments. Terry joined Chase Manhattan Bank in 1988, where he modeled corporate bankruptcies. After his tenure at Chase, Terry moved to the Credit Card Division of Citibank, where he built neural network models to detect credit card fraud and predict customer attrition. In 1992, he joined the Fixed Income Arbitrage Group at Salomon Brothers and was involved in proprietary trading of emerging market cash and derivatives. In 1998, Terry moved to the Quantitative Group of the Fixed Income Research Department at Citigroup, where his main focus has been on U.S. corporate debt with an emphasis on structured products, credit derivatives and capital structure arbitrage. Terry received a Ph.D. in Experimental Psychology from Indiana University in 1980. In his studies, he gained considerable experience in mathematics, computer science and statistical modeling of large volumes of data. He honed these skills during post-doctoral fellowships in optometry, ophthalmology and engineering at the University of California, The Johns Hopkins School of Medicine and IBM's Thomas J. Watson Research Center, respectively. Pamela M. Bickel, Product Manager, Moody's KMV Pam Bickel is a Product Manager at Moody's KMV, where she is responsible for Moody's KMV Financial Analyst and the RiskAnalyst Financials Package. Pam's focus is application software and its integration capabilities. After working as an independent consultant to Moody's KMV, Pam joined the firm in 2003. Previously, she was Partner and Client Support Executive at iWork Software LLC, where she managed the worldwide remarketer partner channel including pre-sales, execution and relationship management. Pam also brings nearly 12 years of experience with Crowe Chizek, where she was an executive in the Systems Consulting Group. She earned a BS in Industrial Engineering from the University of Cincinnati and holds certifications from the American Production and Inventory Control Society, the National Society of Professional Engineers and the Society of Manufacturing Engineers. Raymond E. Blatz, Director, Credit Management & Automation-Business Operations, AT&T Corporation Ray Blatz is Director of Credit Management & Automation for AT&T Business Services, where he is responsible for setting the strategic direction and policy for the credit management operations, and establishing the process and business requirements for IT projects that impact the post sales organizations. He joined AT&T in 1996 as Finance Manager-Chief Financial Officers Organization and held various positions including Business Analysis Manager and Division Manager of Credit & Collections. Ray has served as President of the Board of Directors for the National Telecommunications Data Exchange. Prior to joining AT&T, Ray was with Sara Lee, Block Drug, Digital Equipment, American Express and Household Finance. He earned a BA in Political Science from New Jersey City University in 1980 and an MBA in Finance from Pace University Graduate School of Business. David Blum, UNIQA Alternative Investments David Blum heads the risk and analytics team at UNIQA Alternative Investments (UAI). He is a member of the corporate ABS team within UAI and a voting-member in the investment committee. More specifically he is responsible for the quantitative analysis of both cash flow and synthetic investments, as well as applying and developing quantitative tools and monitoring systems in order to manage the risks of the assets under management. UAIs development focuses on an efficient way to analyse CDO tranches as well as on tools to analyse the risk in portfolios of CDOs and CDO^2. Before joining UAI David worked in the risk management department for structured credit at Erste Bank in Vienna. He has a masters degree in economics from the University of Business Studies in Vienna and a postgraduate degree in economics and finance from the Institute of Advanced Studies (“IHS”). Jeffrey R. Bohn, Ph.D., Managing Director of Research, Moody's KMV Dr. Bohn is a Managing Director and leads the Moody's KMV global research group. In the past, his responsibilities included co-heading product management and managing Moody's KMV Asia. In this role he had responsibility for the client service teams selling and supporting clients in this region. Dr. Bohn has been involved in developing several of the models and products currently sold by Moody's KMV. He currently works on default probability, credit instrument valuation, and portfolio modeling research. Before working in research, Dr. Bohn worked in the client services group and spearheaded the effort to expand KMV’s presence in Japan and Asia. He is fluent in Japanese. Prior to joining Moody's KMV in 1997, he owned a business consulting firm called Infopattern. He has also taught in the MBA program at Golden Gate University and currently teaches a credit risk modeling class in the Masters of Financial Engineering program at the University of California, Berkeley. He holds a B.A. with Honors in Economics from Brigham Young University and an M.S. in Finance from the University of California, Berkeley. He received his Ph.D. in Finance from the University of California, Berkeley. Marc Brammer, Director, Moody's KMV Marc Brammer is a Director at Moody's KMV. Marc helps manage strategic client relationships and assists product managers in the design and implementation of Moody's KMV software product strategies based on evolving needs in managing credit risk. Currently, he is directing the effort to extend Moody's KMV product offerings to support the advanced internal ratings (IRB) approach of the Basel II Capital Accord, an initiative that involves many of the largest global banks, commercial banks and non-banking finance companies around the world. Marc began his career as a commercial loan officer with St. Joseph Bank & Trust Company. Four years later, he joined Crowe Chizek and Company, a national CPA and consulting firm, to help manage the sales effort of the firm's newly formed Software Products Group. The group developed, licensed and supported proprietary financial statement analysis software designed to help institutions analyze the creditworthiness of corporate borrowers. In April 2000, the group was acquired by Moody's Corporation, where Marc served in a sales and product development support role until joining Moody's KMV in 2002. He received a BA in 1974 and an MBA in 1976 from the University of Notre Dame. Paul D. Butler, Senior Vice President, Director of Credit Services, Portfolio Credit Risk Management for Citizens Financial Group, Inc. Paul Butler is Senior Vice President, Director of Credit Services, Portfolio Credit Risk Management for Citizens Financial Group, Inc., a $131 billion commercial bank holding company headquartered in Providence, Rhode Island. Mr. Butler expects to be awarded his CFA Charter this month and is responsible for administering and managing the "transactional credit risk" support functions within the Risk Management Division including Credit Analysis Services, Real Estate Risk Services-Environmental, Real Estate Risk Services-Appraisal, Commercial Field Examinations, as well as the Loan Officer Development and Continuing Education Program. Other responsibilities include miscellaneous portfolio analytics, portfolio reporting, commercial lending policies, enterprise-wide Moodys KMV Risk Analyst and Moody's KMV Riskcalc® implementation and deployment as well as Credit Officer responsibilities for the $15.0B residential mortgage portfolios and $2.0B small business lending portfolio. Mr. Butler has over 17 years commercial banking experience, holds an A.B., from the College of the Holy Cross in Economics, an MBA from Clark University and an MSF from Clark University. Ashish Das, Ph.D., Senior Director, Moody's KMV Dr. Ashish Das is a Senior Director of the Credit Risk Modeling Group at Moody's KMV. His research provides better insight into financial modeling of credit risk, return volatility in financial markets and modeling credit correlation dynamics. In addition to research and model development, he is responsible for tier 2 client support, financial quality assurance and curriculum development of the Portfolio Engineering course offered by Moody's KMV. Prior to joining Moody' s KMV, Ashish taught corporate finance, stock markets and international finance at Northwestern University and other schools. As a student at the Kellogg Graduate School of Management at Northwestern, he received the Outstanding Teacher of the Year Award for 2002. Ashish is the author of a case study that has been used in investment classes and his work has been published in the Journal of Finance. He holds a BS in Chemical Engineering from the Indian Institute of Technology, a Masters in International Management from Thunderbird-The Garvin School of International Management and a Ph.D. in Finance from Kellogg. Kyla Douglas, Corporate Credit Manager, New York Independent System Operator Kyla Douglas is Corporate Credit Manager of the New York Independent System Operator (NYISO). Prior to assuming this position in 2003, Kyla was a Credit Specialist with the NYISO for two years. Before joining the NYISO, she worked in public accounting and was a financial analyst in both the public and private sectors. Kyla holds an MBA and an MS in Accounting. She is a CPA. Brian Dvorak, Managing Director, Moody's KMV Brian Dvorak is a Managing Director of Moody's KMV. As head of Global Account Solutions, Brian helps clients around the world create value from their investment in Moody's KMV products and services. Before joining the firm in 1998, he was Vice President of Product Marketing and Technical Support at CATS Software Inc. Previously, he was Executive Vice President and Chief Operating Officer at LOR/Geske Bock Associates, Inc. and LORGB Investment Advisors, Inc. Brian received a BA in Economics with Highest Honors and an MBA in Finance from the University of California. Martha Elzen, Risk Management Training Leader, Vendor Financial Services (GE Commercial Finance) Martha Elzen is the Risk Management Training Leader for Vendor Financial Services, a GE Commercial Finance business. Martha has held this position since 2003. Her responsibilities include developing risk management classes and managing special projects. Currently, she is supporting the rollout of Moody's Risk Analyst to approximately 400 users. Martha joined GE Capital in 2001 as the Manager of Flow Credit and was promoted to Originations Manager for Telecom Financial Services, a VFS business. Prior to joining GE, she managed the credit analysis and risk training programs for First American Bank in Nashville. Martha earned an undergraduate degree in biology education, an MBA from Texas A&M University and a degree from the Graduate School of Banking at Louisiana State University. In addition, she attended the GE Training School for Management in Crotonville. Geoff Fite, Chief Technology Officer, Moody's KMV Geoff Fite is Chief Technology Officer at Moody's KMV and leads the development of new and innovative technology and extending the technology behind Moody’s KMV’s existing products. Fite comes to Moody’s KMV from Morningstar Associates, the registered investment advisor entity of Morningstar Inc., where he was Head of Technology and Vice President of Institutional Investment Consulting. Prior to that, Fite was COO and CTO of mPower Advisers, a Principal at PricewaterhouseCoopers and CTO of Cogent. Geoff is fluent in Mandarin and has a MA from Columbia University and a Bachelor's Degree in Computer Science and Political Science from UC San Diego. Jack Gregory, Managing Director, Moody's KMV Jack Gregory is a Managing Director at Moody's KMV and heads the Moody's KMV Professional Services group. Before this he was involved in the development of Moody's KMV Financial Analyst, Moody's KMV Risk Advisor and RiskAnalyst products. Prior to joining the firm in January 2000, he was Managing Executive and Principal with Crowe, Chizek and Company LLP for 17 years. Jack holds a Bachelor in Business Administration in Computer Information Systems and Management from Western Michigan University. He earned the Certificate of Data Processing from the Institute for Certification of Computer Professionals. Mary Jan Hedman, Senior Director, Moody's KMV Mary Jan Hedman is the Senior Director of Credit Decisioning Products at Moody's KMV. She is responsible for the strategic direction of data collection and analysis tools and creation of the new browser-based generation of these applications. Mary Jan became part of Moody's Risk Management Services in 2000 when Moody's acquired the Crowe Chizek software business. Immediately following the acquisition, she merged the two organizations' credit analysis applications, WinFAST and FAMAS Encore, into a single 32-bit client/server application known as Moody's KMV Financial Analyst. In 1993, Mary Jan began marketing and consulting to financial institutions to provide automated credit analysis solutions. She has worked with community banks, top 100 U.S. banks and international banks. Mary Jan joined Crowe Chizek in 1990 as a Product Manager of a fixed asset depreciation system. She earned a BS in Business Finance from Indiana University in 1984. Tao Heinz, Ph.D., Manager, Moody’s KMV Dr. Tao Heinz is a Manager at Moody’s KMV. Tao has 10 years of experience in risk analysis and modeling, Alpha generation, index development and tracking portfolio analysis. In addition, she has an in-depth understanding of the credit risk market and asset valuation modeling methods. Tao is responsible for developing a number of credit risk valuation and structuring software solutions that have been implemented by major banks and large corporates around the world. She is educated in economics, econometrics, finance, statistics and mathematics with the B.S. and the M.S. degrees, and holds a Ph.D. in Economics from the University of California at Berkeley. Jim Herrity, Senior Director, Moody's KMV Jim Herrity is Senior Director of the Credit Research Database (CRD) at Moody's KMV. Jim has 20 years of experience in credit risk management, including 10 years with Moody's KMV. He developed the CRD in 1998 to support the creation of RiskCalc, the Moody's KMV private firm default model network. Today, the CRD and RiskCalc cover approximately 80% of the world's GDP. Jim has also managed the firm's public EDF modeling products and projects. Prior to Moody's KMV, he was Senior Vice President and Chief Credit Officer at Banknorth Group. Previously, he managed Chapter 11 firms through the re-organization process. Jim received his credit training at Bank of America, where he was a commercial real estate construction loan officer. He holds a BS in Business Administration from the University of Vermont. Andrew Huddart, President, Moody's KMV Andrew Huddart is President of Moody's KMV. He was named to this position in December 2004 after joining the firm as Chief Operating Officer in July 2004. Prior to Moody's KMV, Andrew served for two years as Chief Executive Officer of mPower, a San Francisco-based investment advisory firm. Before mPower, he spent four years at Berkeley-based Barra Inc., a provider of institutional risk analytics, serving as President of its Investment Data Products division and Chief Operating Officer and President of Barra International. Prior to joining Barra, Andrew spent 14 years at Reuters, serving in various senior level management positions in Europe and the U.S. Based in the San Francisco Bay Area since 1995, Andrew's more than 20 years of international experience has been split between Europe (London, Milan and Dublin) and the U.S. (New York City and San Francisco). He has a BA from the University of Leeds in French and Management Studies. Kimito Iwamoto, Director, Product Management Kimito Iwamoto is a Director at Moody’s KMV and the Product Manager for Moody’s KMV CreditEdge, CreditEdge Plus and Credit Monitor products. Prior to joining product management group, he had been involved primarily in business development of Japanese and Asian clients. He worked closely with the clients to help implement Moody’s KMV credit risk management solutions. He had also worked on projects ranging from statistical testing and validation of Moody’s KMV models in Asia, to analysis of market spreads, ratings and default probabilities of various markets. Kimito holds B.A. in economics from Aoyamagakuin University (Tokyo) and M.B.A. from Pepperdine University (Malibu), and is a member of GARP (Global Association of Risk Professional) and a certified Financial Risk Manager (FRM). Marc Joffe, Senior Director, Moody’s KMV Marc Joffe is a Senior Director at Moody’s KMV and the Product Manager responsible for the firm’s Portfolio Manager, DealAnalyzer, CreditMark and CDOEdge offerings.  Marc has over twenty years of banking and information technology experience.  Prior to joining Moody’s KMV he held positions at Canadian Imperial Bank of Commerce and at Dresdner Kleinwort Wasserstein in which he was responsible for implementing Moody’s KMV technologies. Marc holds a BA in Economics, Magna Cum Laude, from New York University and an MBA from NYU’s Stern School of Business. Stephen Kealhofer, Founder, KMV and Managing Partner, Diversified Credit Investments Stephen Kealhofer is a Founder of KMV and the Managing Partner of Diversified Credit Investments, an institutional fixed income asset management company based in San Francisco. KMV was a pioneer in the development of credit risk modeling and management, working with most of the world's major financial businesses. Stephen, John McQuown and Oldrich Vasicek founded the company in 1989. Stephen was Managing Partner from 1989 to 2000 and directed Research and Product Development. In 2002, KMV became part of Moody's Risk Management Services as Moody's KMV. Prior to forming KMV, Stephen was Director of Research for Diversified Corporate Loans in San Francisco. He has taught investment management and corporate finance at Columbia University and the University of California. Stephen received a BA in Economics from Macalester College and a Ph.D. in Economics from Princeton University. Jason Kofman, Director, Moody's KMV Jason Kofman is a Director of the Global Accounts Solutions Group at Moody's KMV. Based in London, Jason specializes in advising banks and other credit providers on structuring internal risk ratings and economic capital models to add value to their businesses. A founder of ERisk, a risk management software vendor in New York City, Jason has also worked at Oliver Wyman and Goldman Sachs. He earned a BA in Economics from the University of Massachusetts and an MBA from the University of Chicago. C. Erik Larson, Office of the Comptroller of the Currency (OCC) C. Erik Larson is a senior financial economist in the Risk Analysis Division of the Office of the Comptroller of the Currency. His present work involves traveling to the largest of our nation's banks and examining the models developed and used by these institutions to measure and manage risk. He has also worked extensively on several OCC and inter-agency efforts to develop the proposed US implementation of the Basel II regulatory capital reforms. Larson's research focuses on statistical and econometric issues in the modeling of credit risk and economic capital. Prior to joining the OCC, Larson analyzed and developed individual and corporate income tax policy in the Office of Tax Analysis at The Treasury. He also taught courses on probability, statistics, and econometrics while on the faculty of the University of Southern California School of Business Administration, and served as a private consultant, specializing in the development of methods to value financial assets. Larson holds a Ph.D. in economics from Cornell and a B.A. from Syracuse University. Stephanie Lee, Moody's KMV Stephanie Lee is a Director at Moody’s KMV and the Product Manager for Moody's KMV Portfolio Manager&38482; 2 and BaselCalc™. Stephanie was hired by KMV in 1998. Prior to joining Product Management, Stephanie was the technical lead engineer on Portfolio Manager and GCorr. Before Moody's KMV, she was the head of Information Technology for two California cities. She has been published in Network World and has spoken at several conferences. Stephanie holds a B.S. in Applied Mathematics from Yale University and a Master's of Public Administration from the University of Southern California. Som-lok Leung, Executive Director, IACPM Som-lok Leung is the Executive Director of the International Association of Credit Portfolio Managers (IACPM), a non-profit industry association dedicated to advancing the practice of credit portfolio management through advocacy, research, education, communication and promotion of sound practice. In his role, Som-lok oversees all aspects of the association, and reports to the IACPM Board of Directors. Previously, Som-lok was a Senior Director in the Moody's KMV Client Solutions group, working with a wide range of banks, insurance companies, and asset managers to help them implement and realize value from the firm's products. Prior to joining MKMV, Som-lok accumulated over a dozen years of risk management experience in financial institutions, both in staff positions and as a management consultant. Som-lok has been Director of Risk Policy at Nomura Securities, responsible for covering both market and credit risk on the New York trading floor, and also Director of Credit Risk Control at the Union Bank of Switzerland in NY, responsible for both counterparty credit risk and risk measurement and management for the corporate loan portfolio. This followed a career as a management consultant at Oliver, Wyman & Co. that focused primarily on risk management. Som-lok graduated summa cum laude from Harvard University. Alec McAndrew, Moody's KMV Alec McAndrew is a Manager at Moody's KMV and is Product Manager for the CreditMark and DealAnalyzer Products. Prior to joining Moody's KMV in 2003, Alec held a variety of risk management positions in Europe and North America over a 14 year career at J.P. Morgan and consulted on the design of risk management systems for a major European stock exchange group. Alec holds a BA degree in Mathematics from Amherst College and an MBA from the University of Chicago. Jay Mendicino, Vice President, Commercial Technology Solutions, Wachovia Jay Medicino is a Vice President within the Commercial Technology Solutions department at Wachovia. His group supports the Credit and Risk functions for the Commercial Real Estate, Commercial C & I and Wealth lines of business. These include credit underwriting, servicing, and risk management, as well as special assets resolution. In this capacity, Jay and his group have developed technology tools to facilitate the business process and pro-actively monitor the portfolio. William Morokoff, Ph.D., Senior Director, Moody's KMV Dr. William Morokoff is a Senior Director of the Research and Analytics Group at Moody's KMV. Bill heads the New Product Research Group, which focuses on developing new methodologies and products for default modeling, valuation and risk assessment of credit sensitive portfolios and structures. Major efforts of the group include the formation of credit valuation models and simulation methods for pricing and risk management of CDOs and portfolios of CDO tranches. Prior to joining Moody's KMV, Bill was a Vice President of Quantitative Risk Management Research at Goldman Sachs. His work has concentrated primarily on developing analytic and numerical methods for risk management and derivatives pricing. He holds a Ph.D. in Mathematics from the Courant Institute at New York University. Kevin O'Connor, Senior Director, Moody's KMV Kevin O'Connor is Senior Director of North American Sales for the Corporate Clients Group at Moody's KMV. Kevin is responsible for the fastest-growing revenue segment of the firm. He has over 20 years of experience in senior sales management at the national account level. Prior to joining Moody's KMV in 2002, Kevin was National Sales Director at Answerport, Inc., a financial, business and IT consulting firm, and Director of Sales at Ciber, Inc., a systems integration consultancy. Veronique Ormezzano, Head of Capital & Loan Portfolio Management, BNP PARIBAS Veronique Ormezzano is a graduate of Hautes Etudes Commerciales. After working for most major French banking institutions as a management consultant for Accenture, she joined Paribas Risk Department in 1994 to implement the RAROC methodology throughout the investment banking arm of Paribas. In 1998 she moved to create and develop the Portfolio Management function for Corporate & Investment Banking. Veronique is a Board Member of the IACPM. Christopher J. Patafio, Director, HP Global Credit Operations Chris Patafio is Director of Global Credit Operations for Hewlett-Packard Company, where he is responsible for setting the strategic mission and vision of the global credit function. As Director of HP Global Credit, Chris is also responsible for Global Credit / Collection Policy and Process, AR Portfolio Measurement and Management, Supplier Risk Analysis, and overall Credit related systems architecture, development and implementation. Chris joined Hewlett-Packard directly out of college in 1985 and has held various Finance related positions during his HP career. Chris earned a BS in Finance and Economics from The Pennsylvania State University in 1985. Dan Pengue, Chief Risk Manager-North American Leasing, General Electric Commercial Finance Vendor Financial Services Dan Pengue is Chief Risk Manager-North American Leasing (NAL) at General Electric Commercial Finance Vendor Financial Services. He is responsible for NAL risk management policies and procedures and the implementation of NAL strategic business initiatives. Previously, Dan was Chief Risk Officer-Xerox Global Programs, responsible for the global risk activities of Vendor Financial Services with Xerox Canada, U.S. and Europe. He began his career in the Financial Management Training Program at General Electric Supply and then spent several years on the General Electric Corporate Audit staff. Dan has since held risk positions of increasing responsibility with General Electric Capital and General Electric Commercial Finance, including Vice President of Portfolio for Multi-Industry and Healthcare and Senior Vice President of Portfolio and Operations. He received a Bachelor in Accounting from Providence College. Dileep Ramachandran, Head of Product Management, Moody's KMV Dileep Ramachandran was named Head of Product Management at Moody's KMV in June 2005. Prior to joining Moody's KMV, Dileep was Global Product Head at Misys International Banking Systems. Dileep brings to Moody's KMV over 20 years of international experience in the areas of technology and capital markets, with hands on experience in managing global systems and products across capital markets trading floors in North and South Americas working with traders, sales, risk, quant and other personnel as Head of Technology for the Americas for Deutsche Bank. Prior to that Dileep has also worked globally at Merrill Lynch, GE and Bell Laboratories. Recently, Dileep has acted as CTO of several firms in San Francisco, California in the area of commercial lending and risk management. Dileep brings to Moody's KMV his extensive skills in working closely with executive management and business unit heads of top tier financial services companies to develop product strategies and road maps. Martha Sellers, Managing Director, Moody's KMV Martha Sellers is Managing Director of Client Solutions for the Americas at Moody's KMV. Martha focuses on helping lenders, insurers and investors bring credit technology into their credit and investment processes. Before joining Moody's KMV in 1995, she spent five years as a Portfolio Engineer managing institutional equity funds at Barr Rosenberg, a quantitative equity management firm now known as Axa/Rosenberg. Martha started her career in the Economic Research and Bank Supervision Groups at the Federal Reserve Bank of San Francisco. Her responsibilities included modeling bank holding company ratings and financial analyses for regulatory approval of bank mergers. She has a BA in Economics from Mills College, an MBA in Finance from the University of California and a CFA. André Salaam, Director, Moody’s KMV André is a Director at Moody’s KMV and the Product Manager for RiskCalc and LossCalc. He has an extensive background in both credit risk management and software development and has been with Moody’s KMV for five years. As Product Manager, André is responsible for the technical and business development of the private company default probability model, RiskCalc and the loss given default model, LossCalc. André received an MBA from University of California, Berkeley. Chris Shayne, CFA, Director, Moody’s KMV Chris Shayne is a Director at Moody’s KMV and the Product Manager for CDOEdge. Chris joined the firm in 1999 as a Technical Communicator and has held a variety of roles on the CDO product team since its inception in 2002. Prior to becoming the CDOE Product Manager, Chris managed the Technical Communications and User Interface Design Group, and was also the Product Manager for the Moody’s KMV Support Web. Chris received his CFA charter in 2004. He holds a BA in English Literature from the University of California as well as an MA in English Literature from San Francisco State University. Christian Thun, Ph.D., Director, Moody's KMV Dr. Christian Thun is a Director at Moody's KMV, responsible for clients in Germany, Austria and Switzerland. He is based out of the Moody's KMV London office and works in Germany. Christian has established the Expected Default Frequency (EDF) as the accepted benchmark for middle market credit risk in Germany. Prior to joining Moody's KMV in 2002, he was a team leader with private firm model developer Baetge & Partner and worked in the Structured Finance Division of Dresdner Kleinwort Wasserstein in Frankfurt. Christian holds a degree in Business Administration and a Ph.D. in Finance from Westfälische Wilhelms-Universität. Steve Wiggins, Director, Moody's KMV Steve Wiggins is a Director in Client Service at Moody's KMV. He currently leads the firm's sales and relationship management effort for asset managers and hedge funds in North America. Steve has also been responsible for clients in the banking and insurance sectors. Before joining the firm in 2001, Steve spent several years as a management consultant at A.T. Kearney, specializing in financial institutions. His consulting experience spans multiple industries (from banking and insurance to securities and central banking) and geographies (from the U.S. to Canada, Europe and Southeast Asia). Previously, he spent two years at Credit Suisse First Boston in fixed income portfolio strategy, focusing primarily on mortgage backed securities and derivatives. He has also worked in Equity Research for Merrill Lynch. Steve earned a BS in Economics from MIT and an MBA in Finance and Strategy from Wharton.