People: First Marblehead Corp (FMD)

Summary

Name	Age	Since	Current Position
Daniel Meyers	49	2010	Chairman of the Board, President, Chief Executive Officer
Kenneth Klipper	53	2011	Chief Financial Officer, Managing Director
Seth Gelber	33	2012	Chief Operating Officer, Managing Director
William Baumer	51	2008	Chief Risk Officer, Managing Director
Suzanne Murray	38	2012	General Counsel, Managing Director, Secretary
Barry Heneghan	38	2011	Managing Director - Business Development and Product Strategy
Gary Santo	45	2010	Managing Director and Head of Capital Markets
Dort Cameron	67	2012	Lead Independent Director
Nancy Bekavac	65	2010	Independent Director
George Daly	72	2002	Independent Director
Peter Drotch	71	2003	Independent Director
Thomas Eddy	53	2010	Independent Director
William Hansen	53	2003	Independent Director

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Biographies

Name	Description
Daniel Meyers	Mr. Daniel Maxwell Meyers is Chairman of the Board, President, Chief Executive Officer of First Marblehead Corporation. He is a co-founder of First Marblehead. He has served as the chief executive officer and president and as a director since September 2008, and as chairman of the board of directors since May 2010. Mr. Meyers also served as the chief executive officer and chairman from the incorporation in 1994 to September 2005 and as the president from November 2004 to September 2005. Since October 2006, Mr. Meyers has served as the sole member, chairman and chief executive officer of Sextant Holdings, LLC, a private investment firm. From 1980 to 1991, Mr. Meyers was involved in arbitrage and derivatives trading at EF Hutton, Prudential Bache Securities, LF Rothschild Unterberg Towbin and Commodities Corporation, each of which were financial services firms. He began working on asset-back securities financings in 1986. He currently serves as the chair emeritus of the board of the Curry School of Education Foundation and as a consulting member of the finance committee of the Board of Visitors at the University of Virginia and as the chairman of the board of Steward Medical Group, a unit of Steward Health Care System, a system of eight hospitals headquartered in Boston, Massachusetts. He also serves on the board of the Forum for the Future of Higher Education. Mr. Meyers received an A.B. from Brandeis University and completed the Owner President Management Program at the Harvard Graduate School of Business Administration.
Kenneth Klipper	Mr. Kenneth S. Klipper is Chief Financial Officer, Managing Director of First Marblehead Corporation. Mr. Klipper served as FMD’s Senior Vice President, Finance from March 2005 to September 2008. From April 2003 to March 2005, Mr. Klipper served as the Chief Executive Officer of Brown Co., an online brokerage firm owned, at the time, by JPMorgan. He served as the Chief Financial Officer of Brown Co. from January 2003 to April 2003. From May 2002 to January 2003, Mr. Klipper served as the Chief Financial Officer and Chief Operating Officer of Park Street Capital, a private equity firm. From January 2000 to April 2002, Mr. Klipper served as the Chief Financial Officer of Tucker Anthony Sutro, Inc., a publicly traded securities brokerage firm. Prior to joining Tucker Anthony, Mr. Klipper served for five years as both the Chief Financial Officer and Controller for the securities brokerage unit of Fidelity Investments, and he held positions with KPMG LLP, a registered public accounting firm, for 11 years. Mr. Klipper received a B.S. from the University of Richmond and is a Certified Public Accountant.
Seth Gelber	Mr. Seth Gelber is Chief Operating Officer, Managing Director of First Marblehead Corp. He served as FMD’s Chief Administrative Officer from March 2010 to August 2012 and as FMD’s Senior Vice President, Corporate Development from August 2008 to September 2008. From 2001 to 2006, Mr. Gelber held positions at FMD in the Capital Markets and Product Strategy groups. Since October 2006, Mr. Gelber has served as President of Sextant Holdings, LLC, a private investment firm, the sole member of which is Mr. Meyers. From 1998 to 2001, Mr. Gelber served as a Legislative Assistant to Congressman Jack Quinn (N.Y.), primarily focused on education, telecommunication and banking legislation. Mr. Gelber received a B.A. from The George Washington University.
William Baumer	Mr. William P. Baumer is Chief Risk Officer, Managing Director of First Marblehead Corp. He served as the Chief Executive Officer of Union Federal Savings Bank since July 2010. Mr. Baumer served as FMD’s Senior Vice President, Compliance from July 2004 to September 2007. From 2003 to June 2004, Mr. Baumer served as the Compliance Manager for the nationwide mortgage operations at Bank of America, N.A. From 2000 to 2003, Mr. Baumer was the Compliance Director-Core Banking for Fleet Boston Financial Corporation, a bank that was acquired by Bank of America, and was responsible for regulatory compliance programs in Fleet’s consumer, commercial and administrative staff units. He joined Fleet in 1984 and held various leadership positions in the Compliance, Audit, Credit and Retail Banking business units. Mr. Baumer received a B.S. from Franklin Pierce College and has earned Certified Regulatory Compliance Manager, Certified Internal Auditor and Certified Anti-Money Laundering Specialist certifications.
Suzanne Murray	Ms. Suzanne Murray is General Counsel, Managing Director, Secretary of First Marblehead Corp. Ms. Murray served as FMD’s Acting General Counsel from May 2012 to August 2012 and as FMD’s Senior Counsel, Corporate Law from March 2010 to April 2012. From October 2007 to February 2010, Ms. Murray was a Partner at Goodwin Procter LLP, a law firm, and from October 2000 to September 2007, Ms. Murray was an associate at Goodwin Procter. While at Goodwin Procter, Ms. Murray practiced general corporate and securities law, with an emphasis on mergers and acquisitions, SEC compliance and corporate governance matters. Ms. Murray received a B.A. from Boston College and a J.D. from Boston College Law School.
Barry Heneghan	Mr. Barry Heneghan is Managing Director - Business Development and Product Strategy of First Marblehead Corporation. From August 2008 to December 2010, he served as a consultant to FMD. Since February 2006, Mr. Heneghan has served as the Chief Executive Officer and President of Think Financial, a student loan marketing company that ceased active operations in August 2008. From 1996 to January 2006, Mr. Heneghan held positions at FMD in the Business Development, Corporate Development and Product Strategy groups. From 1993 to 1996, Mr. Heneghan served as a Legislative Assistant to Congressman Jack Quinn (N.Y.). Mr. Heneghan received a B.A. from The George Washington University, an M.A. from Pennsylvania State University and attended the London School of Economics.
Gary Santo	Mr. Gary F. Santo, Jr., is Managing Director and Head of Capital Markets of First Marblehead Corp. From July 2007 to September 2008, Mr. Santo served as a Managing Director in the Structured Finance Group at Fitch, Inc., a global ratings agency. While at Fitch, Mr. Santo managed the Consumer ABS Group, which was responsible for the credit rating analysis of privately and publicly placed ABS, including those backed by education loans, credit card receivables and tobacco settlements. From January 1996 to June 2007, Mr. Santo held various positions at FMD in the Capital Markets and Investors Relations groups. Mr. Santo served as a Financial Aid Officer at Mount Ida College from January 1993 to January 1996, and at Boston University from September 1991 to January 1993. Mr. Santo received a B.A. from Boston University.
Dort Cameron	Mr. Dort A. Cameron III is Lead Independent Director of First Marblehead Corporation. Mr. Cameron is a private investor who has served as the managing member of Airlie Enterprises LLC, a money management firm, since 1995. From 1993 to 2000, Mr. Cameron served as chairman of Entex Information Services, Inc., a provider of distributed computing infrastructure services and hardware. In 2003, Mr. Cameron founded The Airlie Opportunity Capital Management, L.L.C., a registered investment company, which manages hedge funds that invest in stressed and distressed high yield debt markets. Mr. Cameron currently serves as a trustee emeritus of Middlebury College. Mr. Cameron received an A.B. from Middlebury College and an M.B.A. from Boston University.
Nancy Bekavac	Ms. Nancy Y. Bekavac is Independent Director of First Marblehead Inc. Ms. Bekavac currently serves as president emerita of Scripps College. Since July 2007, Ms. Bekavac has served as a consultant in higher education, working with boards of trustees on issues including governance, accreditation and strategic planning. From 1990 until her retirement in June 2007, Ms. Bekavac served as president of Scripps College. From 1988 to 1990, Ms. Bekavac was counselor to the president of Dartmouth College. From 1985 to 1988, she worked at the Thomas J. Watson Foundation, a charitable foundation that provides fellowship programs to college graduates, serving as the executive director and then as a consultant. From 1980 to 1985, she was a partner at the law firm of Munger, Tolles & Olson, after serving as an associate at the firm and clerking with the United States Court of Appeals for the District of Columbia. Ms. Bekavac is a member of The Council on Foreign Relations and serves on the board of directors, audit committee and benefactions committee of The Seaver Institute, a charitable institute that provides grants in the fields of scientific and medical research, education, public affairs and cultural arts. Ms. Bekavac is also a member of the board of directors of Electro Rent Corporation, a public company that provides electronic equipment rentals, sales and leasing, where she serves as the chair of the nominating and corporate governance committee and as a member of the compensation committee. Ms. Bekavac received a B.A. from Swarthmore College and a J.D. from Yale Law School.
George Daly	Dr. George G. Daly Ph.D., is Independent Director of First Marblehead Corporation. Mr. Daly has served as a professor at the Robert Emmett McDonough School of Business at Georgetown University since November 2005 and served as dean from November 2005 through July 2011. From 1998 to October 2005, Mr. Daly was the Albert Fingerhut Professor of Business at the Leonard N. Stern School of Business of New York University. From 1993 to August 2002, he served as dean and professor at the Stern School. From 1983 to 1993, Mr. Daly served as dean and professor at the College of Business Administration at the University of Iowa. He has also served in senior posts in the federal government and as a consultant to the National Football League. Mr. Daly serves as a director and member of the audit committee of W.R. Berkley Corporation, a publicly held insurance holding company, as a director and member of the audit committee and compensation committee of Stamats, Inc., a private company specializing in higher education marketing and consulting, and as a director and member of the development committee of the American Autism Society. He earned his A.B. from Miami University in Ohio and both his M.A. and Ph.D. from Northwestern University, all in economics.
Peter Drotch	Mr. Peter S. Drotch is Independent Director of First Marblehead Corporation. From 1975 to 2000, Mr. Drotch was a partner at PricewaterhouseCoopers LLP, an accounting firm, from which he retired in 2000. Mr. Drotch joined PricewaterhouseCoopers LLP in 1964. Mr. Drotch held a number of positions at PricewaterhouseCoopers LLP, most recently the firm’s services to the investment management industry in the Americas and serving as a member of the global leadership team for this industry services group, which provides services to investment advisors, banks, insurance companies, broker dealers, industrial corporations and governmental units with respect to their investment management operations. Mr. Drotch is a director of ING Mutual Funds and serves as a member of the audit committee, contracts committee and the investment review committee for certain of the mutual funds. He is also a director, chair of the audit committee and a member of the finance committee and the technology committee of Tufts Health Plan. His volunteer activities include service as a trustee, chair of the financial affairs committee and a member of the audit committee of the University of Connecticut. Mr. Drotch received a B.S. from the University of Connecticut.
Thomas Eddy	Mr. Thomas Philips Eddy is Independent Director of First Marblehead Corp. Mr. Eddy has served as a managing director of Jarvinian Venture Fund, an early stage venture firm, since 2007, and has been a principal at Ludlow Partners LLC, a strategic and financial advisory services firm, since 2001. From 2000 to 2001, Mr. Eddy served as chief operating officer and senior principal for Atlas Venture, an early-stage venture capital firm. From 1993 to 2000, Mr. Eddy served as managing director and head of the Boston office and of New England investment banking activities for Robertson Stephens & Company, an investment banking firm which was acquired by BankBoston. From 1988 to 1993, Mr. Eddy served as a vice president in the Technology Investment Banking Group at Morgan Stanley & Co. Incorporated, an investment banking firm. From 1981 to 1986, Mr. Eddy worked as a credit representative and then as an analyst for United States Steel Corporation, an integrated steel producer. Mr. Eddy is a director and a member of the audit committee and finance committee of Steward Medical Group, a unit of Steward Health Care System, a system of eight hospitals headquartered in Boston, Massachusetts. Mr. Eddy received a B.S. from the University of Virginia, an M.B.A. from the Harvard Graduate School of Business Administration and a J.D. from Duquesne University School of Law.
William Hansen	Mr. William D. Hansen is Independent Director of The First Marblehead Corporation. He served as chairman of the Company's advisory council from July 2003 to April 2007. Mr. Hansen has served as chairman and chief executive officer of the Madison Education Group LLC, an education-related consulting firm, since July 2011 and as the president and a member of the board of directors of Policy Impact Communications, Inc., a government affairs and public relations firm, since July 2012. From July 2009 to December 2010, Mr. Hansen served as president of Scantron Corporation, a provider of assessment and survey solutions, and from September 2010 to July 2011, he served as chairman of Scantron Corporation. From August 2005 to July 2009, Mr. Hansen served as senior managing director of Chartwell Education Group, LLC, an education-related consulting firm. Mr. Hansen also served as the chief executive officer of Chartwell Education Group, LLC from February 2009 to June 2009. From July 2003 to August 2005, Mr. Hansen served as the senior vice president and managing director of Affiliated Computer Services’ Education Services Business, which provides business process and information technology services to commercial and government clients. From May 2001 to July 2003, Mr. Hansen served as the deputy secretary of the U.S. Department of Education, functioning as its chief operating officer. From 1993 to 2001, Mr. Hansen was the president of the Education Finance Council, a trade association representing state-based student loan finance organizations. From 1981 to 1993, he held numerous senior executive positions, including assistant secretary for Management and Budget and chief financial officer, at the U.S. Department of Education. Mr. Hansen received a B.S. from George Mason University.

Basic Compensation

Name	Fiscal Year Total
Daniel Meyers	1,338,860
Kenneth Klipper	486,375
Seth Gelber	719,558
William Baumer	365,077
Suzanne Murray	--
Barry Heneghan	640,526
Gary Santo	445,692
Dort Cameron	--
Nancy Bekavac	--
George Daly	--
Peter Drotch	--
Thomas Eddy	--
William Hansen	--

As Of 29 Jun 2012

Options Compensation

Name	Options	Value
Daniel Meyers	800,000	0
Kenneth Klipper	0	0
Seth Gelber	0	0
William Baumer	0	0
Suzanne Murray	0	0
Barry Heneghan	0	0
Gary Santo	0	0
Dort Cameron	0	0
Nancy Bekavac	0	0
George Daly	0	0
Peter Drotch	0	0
Thomas Eddy	0	0
William Hansen	0	0

Insider Trading

Name	Shares Traded	Price
GELBER SETH AARON	13,869	$1.10
SANTO GARY F JR	13,869	$1.10
HENEGHAN BARRY	43,750	$0.00
HENEGHAN BARRY	15,781	$1.10
SANTO GARY F JR	43,750	$0.00
GELBER SETH AARON	43,750	$0.00
KLIPPER KENNETH S	50,000	$0.00
HENEGHAN BARRY	18,233	$1.01
HENEGHAN BARRY	50,000	$0.00
SANTO GARY F JR	50,000	$0.00
SANTO GARY F JR	16,323	$1.01
MURRAY SUZANNE E	95	$1.01
KLIPPER KENNETH S	15,850	$1.01
MURRAY SUZANNE E	250	$0.00
BAUMER WILLIAM P	31,250	$0.00
GELBER SETH AARON	15,850	$1.01
GELBER SETH AARON	50,000	$0.00
EDDY THOMAS PHILIPS	10,000	$0.00
DROTCH PETER S	10,000	$0.00
BEKAVAC NANCY YAVOR	10,000	$0.00
HANSEN WILLIAM DEAN	10,000	$0.00
CAMERON DORT A III	10,000	$0.00
DALY GEORGE G	10,000	$0.00
SANTO GARY F JR	13,000	$0.00
KLIPPER KENNETH S	4,121	$1.16

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People: First Marblehead Corp (FMD)

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Summary

Biographies

Basic Compensation

Options Compensation

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