Tanya Styblo Beder, Chairman

With over 20 years of experience in the global capital markets, Ms. Beder founded and served as President of SBCC from 1987 to 1994, returning as Chairman in 2006. During the interim, Ms. Beder held two senior positions in the asset management industry. From 2004 to 2006 she was CEO of Tribeca Global Management LLC, Citigroup's $2.6 billion dollar multi-strategy hedge fund and from 1999 to 2004 she was Managing Director of Caxton Associates LLC, a $10 billion investment management firm located in New York City. At Caxton, Ms. Beder built the Strategic Quantitative Investment Division focused on systems-based trading across equities, fixed income, commodities, and currencies. At Tribeca, she built a global hedge fund that traded across equities, fixed income, currencies, commodities, credit, convertibles, merger arbitrage and distressed debt around the world with offices in Singapore, London and New York. During her tenure, Absolute Return awarded the prestigious Institutional Investment Manager of the Year Award.

Prior to her senior roles in the asset management industry, she served as President of Capital Market Risk Advisors and was a Vice President of The First Boston Corporation (now Credit Suisse) where she focused on mergers and acquisitions in London and New York and then on mortgage-backed securities, derivatives trading and fixed income research.

Ms. Beder is a member of the Board of Directors of the International Association of Financial Engineers where she co-chairs its Investor Risk Committee. From 1998 through 2003 Ms. Beder was Chairman of the Association. Euromoney named Ms. Beder one of the top 50 women in finance around the world.

In academia she is on the Advisory Board of Columbia University's Financial Engineering Program and is an appointed Fellow of the International Center for Finance at Yale. Ms. Beder has taught numerous courses on the adjunct faculty of the Yale University's School of Management, Columbia University's Graduate School of Business and Financial Engineering and the New York Institute of Finance.

She also serves on the National Board of Mathematics and their Applications. She has appeared as an expert before the United States Congressional Subcommittee on Telecommunications and Finance regarding derivatives and leverage, the Organization for Economic Cooperation and Development regarding risk in the global financial landscape, IOSCO regarding valuations, the U.S. Senate Special Committee regarding the Year 2000 Technology Problem and the World Bank and IMF regarding private equity and hedge funds.

Ms Beder was an author of the Risk Standards for Institutional Investors and Institutional Investment Managers and has written numerous articles in the financial area that have been published by The Journal of Portfolio Management, The Financial Analysts Journal, The Harvard Business Review, The Journal of Financial Engineering, Probus Publishing, John Wiley & Sons, and Simon & Schuster.

Ms. Beder holds a M.B.A. in finance from Harvard University and a B.A. in mathematics from Yale University.

About SBCC

Tanya Styblo Beder, Chairman
Joseph H. Bretton, Principal
Rick Harrell, Principal

Ms. Beder’s line and consulting experience includes provision of services to over 120 clients on six continents across a broad array of global, regional and national firms:

Financial:

Global full-line firms
Hedge funds
Private equity funds
Broker-Dealers
Banks
Endowments & Foundations
Insurance Companies
Traditional & alternative investment managers
Mutual fund complexes
Pension funds
Special purpose vehicles

Other:

Corporations (Fortune 500 and Private)
Software Vendors
Rating Agencies
Accounting and Law Firms
Regulators

Assignments have covered virtually all sectors of the financial markets, including:

Fixed Income Securities
Equities
OTC and Exchange-Traded Derivatives
Currencies
Mortgage-backed Securities
Emerging Markets
Credit Instruments and Markets
Structured Notes
Asset-backed Securities
Exotics
Municipal Securities
Alternative Asset Classes