Management

Jose P. Vega, Managing Director and Portfolio Manager:
Mr. Vega joined CMET in May 2005. His responsibilities include portfolio management, trading and development of credit products on the platforms of both South Street Securities LLC (SSS) and DHF s/d Dealer Hedging Facility (DHF). Prior to SSS, Mr. Vega served on the Asset and Liability Committee for the US treasury of Royal Bank of Canada (RBC). While at RBC, he was responsible for directly sourcing assets and liabilities for the USD balance sheet, in addition to creating a Triparty Repo matched book and trading a corporate securities portfolio. Prior to RBC, Mr Vega was a founding member of Dresdner Securities USA LLC, where he designed and traded the proprietary matched book portfolio, in addition to constructing the fixed income financé module for the section 20 subsidiary.

Mr. Vega began his professional career in the Global Finance and Arbitrage group at Citicorp Securities. He completed the Citibank NA Management Associate program in 1990. Over the course of three years he traded the MBS matched book portfolio and sourced third party liquidity.

Mr Vega graduated with a BSc degree in Finance and a minor in Information Systems from Fairfield University. Mr. Vega is NASD registered series 7,63 and 24.

Stephanie Pucci, Managing Director and Portfolio Manager:
Ms. Pucci joined CMET in January of 2001, and is responsible for managing the day-to-day business activities of South Street as well as serving as its chief portfolio strategist. In addition, she is responsible for validation of the broker-dealer’s financial statements and regulatory reporting. Ms. Pucci was previously employed by Citicorp from 1994, and worked on both the Government Securities Cash Desk and Treasury Finance Desk.

While at Citibank, her duties included responsibility for US general collateral and the Canadian dollar books. Ms. Pucci also headed-up Citibank’s non-dollar repo desks (Italian, German) in London. Ms. Pucci completed her MBA with St. John’s University in Rome, Italy and is NASD Registered Series 7, 63, 24, 27.

David J. DeBlase, Chief Financial Officer and Treasurer:
Mr. DeBlase is responsible for overseeing all the financial activities of the Company, as well as liquidity and cash management. Additionally, he serves as the Chief Compliance Officer responsible for all regulatory reporting, and compliance programs at South Street Securities.

Mr. DeBlase attended Hofstra University where he holds a BBA in Banking and Finance. He has more than ten years experience in the capital markets and treasury fields. Mr. DeBlase joined Citibank in 1992 managing the operation staff for the Government and Mortgage- Backed Securities trading desks.

In 1995 he was promoted to Vice President responsible for running the middle office. His last assignment was project management and system implementation for Citibank Corporate Treasury. Mr. DeBlase currently holds a series 7, 63, 24, and 27.

Monica Urena, Senior Operations Officer:
Ms. Urena is responsible for overseeing the finance, funding and futures operations. Ms. Urena has over 20 years in the Capital Markets field. During her career she managed multiple operations including Government securities and the Finance desk in both back and middle office. She moved to the Front Office and worked as an overnight trader on the Treasury Finance desk.

Ms. Urena most recently worked for Datasoft, Inc in which she functioned in the capacity of Systems Analyst. She was responsible for defining system requirements and quality assurance testing of the TradeBlazer application.

Richard Andrew, Senior Operations Officer:
Mr. Andrew joined CMET in March of 2004, and is responsible for monitoring all settlement and clearance activity for South Street. As part of his responsibilities, he provides all aspects of support for the trading desk including Fed and FICC clearance functions, tri-party collateral allocations and daily securities balancing, stock record and general ledger reconciliation, and systems testing and up-grade implementation for CMET’s trading and clearance system, TradeBlazer®.

Prior to joining CMET, Mr. Andrew was an Assistant Vice President - Senior Specialist at the Salomon Smith Barney division of Citigroup Global Capital Markets, and held wide ranging responsibilities within fixed income operations, including supervising the Tri-party/Letter Repo Department, and other cash management, trade settlement, clearing and securities financing activities.

Mr. Andrew holds a BS degree in Finance from the University of South Florida in Tampa. NASD Registered Series 7, 63.

Lauren A. Franco, Managing Director and Portfolio Manager:
Ms. Franco joined South Street Securities in 2006, and her responsibilities include trading and management of an Agency securities book, as well as relationship development in the professional capital markets. In addition, her duties include managing securities finance and cash investment positions for counterparties introduced by strategic marketing partners of South Street.

Ms. Franco’s previous experience includes 14 years with Paloma Securities of Greenwich, CT. While at Paloma, she managed the firm’s global fixed income profit center, with over-all portfolio responsibility of approximately $8 billion, including trading US Government Treasury and Agency securities, corporate bonds, Euro Bonds, Australian government bonds, as well as collateral management related to Paloma’s equity financing and securities lending operations.

Ms. Franco began her Wall Street career with two years at London Global Securities, also of Greenwich, CT, with responsibility for their government securities trade operations and settlements, Canadian and Euroclear trade operations and settlements, and non-cash collateral management. She is a 1986 graduate of New York University, where she earned a BS in Finance, and Ms. Franco is Series 7, and Series 63 FINRA registered.

Christopher Murray, Vice President Trading/Sales:
Mr. Murray joined South Street Securities in September of 2008, and is principally responsible for repo trading and managing the firm’s over-all, day-to-day funding requirements. He is also responsible for managing South Street’s financing activities on behalf of REIT counterparties, and is actively involved in related new business development.

Mr. Murray joined South Street from Countrywide Financial Corporation, where from 2006 to 2008 he worked on the Institutional Rate Sales Desk, in addition to experience trading on Countrywide’s Financing Desk. He was previously employed by Banc of America Securities’ Broker Dealer Services division, where for two years he served as a relationship manager for both fixed income and equity accounts, including monitoring all operational issues.

Mr. Murray has a Bachelor’s Degree from Marist College, and is FINRA Series 7, 63, and 3 registered.

Terence Ma, Managing Director and Financial Engineer:
Mr. Ma commenced his career in the U.S. capital markets and securitization since 1981. He spent his early career at Citibank’s credit card treasury division and took part in the development of the credit card securitization market in the 1980’s. He left Citibank and joined the derivatives trading group at Deutsche Bank, New York in the early 90’s.

Mr. Ma returned to Citicorp/Citibank in the mid 90’s with the structured derivatives group. In his last six years as a financial engineer at Citicorp Securities, Inc., Mr. Ma successfully developed a securitization program to assist the foreign exchange and derivatives businesses in managing their counterparty exposure and capital utilization.

Mr. Ma is a certified public accountant in the State of New York. He earned his bachelor degree in accounting, Magna Cum Laude, at Pace University, New York and received his accounting training at Coopers & Lybrand. He also holds an MBA in finance with distinction from New York University.

Mr. Ma’s FINRA certifications include Series 7, 63 and 24.