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People: Newtek Business Services Corp (NEWT.OQ)

NEWT.OQ on NASDAQ Stock Exchange Global Market

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27 May 2016
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Summary

Name Age Since Current Position

Barry Sloane

54 2008 President, Chief Executive Officer, chairman of the Board of Directors

Jennifer Eddelson

42 2011 Executive Vice President, Chief Accounting Officer

Nilesh Joshi

2016 Executive Vice President, Chief Information Officer

Matthew Ash

71 2015 Executive Vice President, Special Counsel

John Raven

2016 Chief Information Security Officer and Chief Technology Officer

Michael Schwartz

45 2015 Chief Compliance Officer, Chief Legal Officer and Corporate Secretary

Peter Downs

50 Chief Lending Officer

Sam Kirschner

65 Independent Director

Salvatore Mulia

66 Independent Director

Richard Salute

69 Independent Director

Jayne Cavuoto

IR Contact Officer

Biographies

Name Description

Barry Sloane

Mr. Barry Sloane is the Chairman of the Board, Chief Executive Officer, President and a founder of the Company and is and has been an executive officer of Newtek Business Services Corp. In addition, in April 2015 Mr. Sloane became engaged as a director with AK Capital LLC (“AKC”), a securities brokerage company. Previously, from September 1993 through July 1995, Mr. Sloane was a Managing Director of Smith Barney, Inc. While there, he directed the Commercial and Residential Real Estate Securitization Unit and, prior to that time, he was national sales manager for institutional mortgage and asset backed securities sales. From April 1991 through September 1993, he was founder and President of Aegis Capital Markets, a consumer loan origination and securitization business which was eventually taken public with the name of “Aegis Consumer Funding.” From October 1988 through March 1991, Mr. Sloane was Senior Vice President of Donaldson, Lufkin and Jenrette, where he was responsible for directing sales of mortgage-backed securities. From August 1982 to September 1988 Mr. Sloane was a senior mortgage security salesman and trader for Bear Stearns, L.F. Rothschild, E.F. Hutton and Paine Webber.

Jennifer Eddelson

Ms. Jennifer Catherine Eddelso CPA, is Executive Vice President, Chief Accounting Officer of Newtek Business Services Corp. Ms.is a certified public accountant licensed in the state of New York and has served as Executive Vice President and Chief Accounting Officer of the Company since July 1, 2011. Previously Ms. Eddelson was employed by the Company since 2004 as Corporate Controller, Vice President of Financial Reporting since 2006, and in these and her current capacities has had a principal responsibility for the development and implementation of the Company’s accounting policies and practices. Previously, Ms. Eddelson practiced as a certified public accountant for eight years with Janover, LLC, a public accounting firm located in New York, primarily in the audit and tax area. Ms. Eddelson is a member of the NYS Society of CPAs and a member of the AICPA.

Nilesh Joshi

Mr. Nilesh Joshi is Executive Vice President, Chief Information Officer of the Company. Mr. Joshi has 18+ years of information technology leadership and project management experience in progressively increasing responsibilities across the Retail, Financial Services, Utilities and Healthcare industries. Mr. Joshi led the new product launches and strategic initiatives for Cigna Healthcare's Group and Voluntary benefits segment. Prior to Cigna Healthcare, he established the IT Program Management Office (IT PMO) at Republic Services. Mr. Joshi holds an MBA in International Business from W.P. Carey School of Business at the Arizona State University and Bachelors of Electrical Engineering (first class with honors) from University of Mumbai (Bombay), India. He is a certified Project Management Professional (PMP) and member of the distinguished National Scholars and Honor Society, and Society of Information Management (SIM).

Matthew Ash

Mr. Matthew Gordon Ash wasExecutive Vice President, Special Counsel of the Company. He was Chief Compliance Officer of Newtek Business Services Corp. Mr. Ash was Chief Legal Officer of the Company, and previously served as outside general counsel for the Company since its formation in 1998. Mr. Ash has also been responsible for the day-to-day management of the current Capcos and serves as Director of Capco Investment and Compliance. The individuals who served as the Company’s Chief Executive Officer, Chief Accounting Officer and Chief Information Officer during 2014.

John Raven

Michael Schwartz

Mr. Michael A. Schwartz is Chief Compliance Officer, Chief Legal Officer and Corporate Secretary of Newtek Business Services Corp. Mr. Schwartz was Senior Counsel to the Company since November 2013. Prior to joining the Company, Mr. Schwartz spent twenty-two years in private practice specializing in complex litigation in the fields of securities, mergers and acquisitions, corporate governance, commercial law, unfair employment practices, consumer protection and antitrust. Mr. Schwartz served on the Company’s Board of Directors from 2005 through 2009.

Peter Downs

Mr. Peteris Mathison Downs is Chief Lending Officer of Newtek Business Services Corp. and was appointed as director in connection with the BDC Conversion on November 12, 2014. Mr. Downs joined the Company in 2003 and has been the President of Newtek Small Business Finance, LLC (“NSBF”) and a member of both Credit and Risk Committees for NSBF. He has had primary responsibility for the development of the Company’s lending policies and procedures, portfolio and marketing, from its inception. In 2008, Mr. Downs took on the additional responsibility as the Chief Credit Officer of Newtek Business Credit, with the primary responsibility to grow and manage the Company’s accounts receivable finance and management business. Prior to joining Newtek in 2003, Mr. Downs spent sixteen years in various small business lending roles within the banking industry. From 1990 to 2001, he was employed with European American Bank (“EAB”), where he held various positions including New Business Development Officer for Small Business Lending and Group.Mr. Down’s history with the Company and extensive experience in developing policies and procedures, portfolios and marketing in the small business lending space provides our Board of Directors with the valuable insight of an experienced lender. Manager of Retail Small Business Lending which encompassed the underwriting and servicing of the bank’s small business loan portfolio. With EAB’s acquisition by Citibank, Mr. Downs was asked to run the bank’s SBA lending portfolio in New York and was eventually named the National Director of SBA lending, coordinating the bank’s SBA underwriting and sales efforts in all Citibank markets across the country. In addition to his banking experience, he has been involved in several non-profit small business advisory boards, and has been a member of the National Association of Government Guaranteed Lenders (NAGGL) Regional Technical Issues Committee.

Sam Kirschner

Mr. Sam Kirschner is Independent Director of Newtek Business Services Corp.

Salvatore Mulia

Mr. Salvatore F. Mulia is an Independent Director of Newtek Business Services Corp. Mr. Mulia’s experience in the financial services industry as well as working with smaller to mid-sized companies needing capital and debt and his understanding of these businesses provides a significant addition to the Board of Directors.

Richard Salute

Mr Richard J .Salute is Independent Director of Newtek Business Services Corp. Mr. Salute’s extensive audit, accounting, and tax experience and relationships with industry players is an asset to our Board of Directors.

Jayne Cavuoto

Jayne Cavuoto is IR Contact Officer of Newtek Business Services Corp.

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