SEI Appendix A Team Biographies

SEI Appendix A Team Biographies

TEAM BIOGRAPHIES Mark T. Morgan, CFA Client Portfolio Manager Institutional Group Client Portfolio Management Team (Chicago, Illinois) Mark Morgan serves as a Client Portfolio Manager for SEI s Institutional Group where he is responsible for working with clients in the Midwest from our Chicago office. He joined SEI in 2010 from BlackRock where he was a Managing Director and member of BlackRock's Account Management team. He was responsible for developing and maintaining relationships with institutional investors, including public and private pension plans, endowments and foundations. Prior to BlackRock, Mark was a Director and Institutional Investment Specialist at Deutsche Asset Management/Scudder Investments where he was responsible for many of the firm's key accounts. Previous to joining BlackRock, Mark worked for ABN AMRO Asset Management and La Salle Bank in Chicago as a Fixed Income Portfolio Manager, handling short and intermediate duration strategies for institutional clients. He proceeded to become a Senior Vice President responsible for institutional client service and sales. Bachelor of Business Administration in Finance, University of Iowa Licensed Registered Representative, FINRA Series 7, 63 and 24 (SEI Investments Distribution Company, member FINRA) CFA Charterholder, CFA Institute, CFA Society of Chicago Year started with SEI: 2010 Year started in investment industry: 1991 Previous employers: BlackRock, Deutsche Asset Management/Scudder Investments, ABN AMRO Asset Management and LaSalle Bank Lisa M. Herzog, CAIA Client Service Director Institutional Group Client Portfolio Management Team Lisa Herzog serves as a Client Service Director where she is responsible for providing investment and administrative support to institutional clients. She also serves as the primary day to day client contact in executing solutions and strategic client initiatives. Page 2

Prior to joining SEI, Lisa worked at Turner Investments, starting in 2006 as a member of the client service team where she was responsible for supporting and maintaining relationships with the firm s institutional clients. In January of 2010 she transitioned to the consultant relations team at Turner and was responsible for marketing the firm s investment management capabilities to institutional investment consultants. Before joining Turner, Lisa spent 3 years as Director of Marketing for a local RIA firm with a focus on growing the firm s wealth management clientele. Prior to that, she spent 5 years as a Sales and Marketing Associate at Victory SBSF Capital Management, an investment management firm based in New York City. Bachelor of Science in Finance, West Chester University Licensed Registered Representative, FINRA Series 7 and Series 63 (SEI Investments Distribution Company, member FINRA) Executive Board member of the Women in Investing Network of Philadelphia CFA Institute Member CFA Society of Philadelphia Member Association of Investment Management Sales Executives (AIMSE) Member Holder of the Chartered Alternatives Investment Analyst Designation Year started with SEI: 2013 Year started in investment industry: 1999 Previous employers: Turner Investments, HJ Financial Group, Victory SBSF Capital Management Mary Jane (MJ) Bobyock, CFA Director Institutional Group - Advisory Team MJ Bobyock serves as a Director for the Advisory Team where she is responsible for overseeing investment strategy development and advice for SEI's nonprofit and endowment clients. She joined SEI in June 2012 and has over 26 years of experience in the investments industry. She has extensive experience delivering custom solutions to institutional clients in the nonprofit community, including asset allocation analysis, spending studies, investment policy guidance, portfolio construction and reporting best practices. MJ regularly speaks at industry conferences and events and has been interviewed by publications such as The Chronicle of Philanthropy, Foundation & Endowment Intelligence, FundFire, Nonprofit News and The Nonprofit Times. Prior to joining SEI, MJ spent five years at Russell Investments as a Senior Client Executive, where she provided advisory and investment management services to nonprofit clients. Prior to that, she spent 17 years at Miller, Anderson & Sherrerd which was acquired during that time by Morgan Stanley Investment Management. While at Morgan Stanley, MJ served most recently as Vice President for the Institutional Client Coverage Group. Page 3

Bachelor of Science in Finance, Villanova University Master of Business Administration, Temple University Licensed and Registered Representative, FINRA Series 7 and 63 (SEI Investments Distribution Company, member FINRA) CFA Charterholder, CFA Institute Year started with SEI: 2012 Year started in investment industry: 1984 Previous employers: Russell Investments, Morgan Stanley Investment Management, Miller, Anderson & Sherrerd Charles (Chuck) Esposito Transition Manager Institutional Group Client Portfolio Management Team Chuck Esposito serves as the Transition Manager where he is responsible for the implementation of all SEI s new institutional clients. He has brought extensive managerial experience to many of the operational and technological aspects of SEI's retirement, healthcare and nonprofit product offerings. Chuck joined SEI in 1998 as the Director of Benefit Payment Services and Cash Management. Prior to his employment with SEI, Chuck worked for the Merrill Lynch Private Client Group specializing in the CMA product line and other high net worth products and services. Bachelor of Arts, Villanova University Year started with SEI: 1998 Year started in investment industry: 1991 Previous employers: Merrill Lynch Jane S. Kerr Regional Director Institutional Group - Sales Team Jane Kerr serves as a Regional Director for the Sales Team where she is responsible for new business development in the U.S. for foundations, nonprofits and educational institutions. In her preceding role, Jane spent time working as an Internal Account Executive for the Sales Team in SEI s Institutional Group. In this position, she focused on working with corporations to demonstrate how their pension management strategies tied into the overall financial health of their organizations. Jane began her career with SEI in 2001 working for the SEI Advisor Page 4

Network, assisting financial advisers with the distribution of SEI s asset management solutions to high net worth individuals. Bachelor of Business Administration in Finance and Business Economics, University of Notre Dame Licensed Registered Representative, FINRA Series 7 and 63 (SEI Investments Distribution Company, member FINRA) Year started with SEI: 2001 Year started in investment industry: 2001 Previous employers: None Page 5

KEY INVESTMENT PROFESSIONALS BIOGRAPHIES Kevin Barr Executive Vice President, SEI Head of the SEI Investment Management Unit Kevin Barr is the Executive Vice President for SEI and oversees the Investment Management Unit (IMU) where he is responsible for guiding the vision, strategy, process and governance of the IMU. In this capacity, he works with over 100 investment professionals in the IMU carrying on the heritage of SEI s pioneering Fiduciary Management Solution. Bachelor of Science, Cornell University Master of Science, Krannert Business School of Purdue University Licensed Registered Representative, FINRA Series 7 and 24 (SEI Investments Distribution Company, member FINRA) Year started with SEI: 2000 Year started in investment industry: 1988 Previous employers: Deloitte Consulting James (Jim) F. Smigiel Managing Director Investment Management Unit - Portfolio Strategies Group Jim Smigiel serves as a Managing Director and Head of the Portfolio Strategies Group within SEI s Investment Management Unit. He is responsible for leading a team of professionals dedicated to the research, development and implementation of SEI s strategic and active asset allocation strategies. In his preceding role, he served as the Head of Fixed Income, overseeing SEI s Global Fixed Income Team and platform. Jim joined SEI in 2000 and oversaw SEI s U.S. Fixed Income Team with responsibility for strategy development as well as manager evaluation and selection. Prior to his employment at SEI, Jim served as Portfolio Manager and Senior Investment Officer at PNC Advisors/BlackRock where he managed institutional fixed income portfolios. Bachelor of Science in Economics, Drexel University Year started with SEI: 2000 Year started investment industry: 1994 Previous employer: BlackRock Page 6

James (Jim) Solloway, CFA Managing Director and Portfolio Manager Investment Management Unit - Portfolio Strategies Group Jim Solloway serves as a Portfolio Manager and Managing Director of SEI s Portfolio Strategies Group within the Investment Management Unit. He is responsible for strategic and active asset allocation research. Prior to joining SEI in 2009, Jim spent ten years as a Senior Portfolio Manager at New Yorkbased Morgan Stanley Investment Management. He also spent 17 years at Argus Research Group, a New York-based independent research provider, where he acted as Market Strategist, Director of Research and Co-President of the research division. Bachelor of Arts in Economics, cum laude, Columbia University Master of Business Administration, Stern School of Business at New York University CFA Charterholder, CFA Institute Year started with SEI: 2009 Year started in investment industry: 1980 Previous employers: Morgan Stanley Investment Management, Argus Research Group William (Bill) T. Lawrence, CFA Managing Director Investment Management Unit - Global Fixed Income Investment Strategies Group Bill Lawrence serves as the Managing Director of the Global Fixed Income Investment Strategies Group within the Investment Management Unit. He is responsible for leading a global team of investment professionals that are dedicated to the research, development, implementation and ongoing oversight of fixed income investment strategies. He also serves as a Portfolio Manager, assisting in the management of all of SEI s taxable investment-grade portfolios, including the Core Fixed Income, Short Duration and Long Duration mandates. His duties include manager analysis and selection, strategy development and enhancement as well as investment research. Prior to joining SEI in 2008, Bill was an Executive Director and Portfolio Manager at Morgan Stanley Investment Management where he led the short duration portfolio management team in overseeing approximately $8 billion in assets. Previously, Bill was a Director and Head of Fixed Page 7

Income for CoreStates Investment Advisors overseeing the management of taxable and taxexempt portfolios for institutional and private clients. He also served as a Vice President in Taxable Fixed Income Sales for First Boston handling corporate-, mortgage- and asset-backed securities. Bachelor of Arts in Economics and English, Bucknell University Master of Business Administration, University of Pennsylvania Wharton School of Business CFA Charterholder, CFA Institute Member of AIMR and Philadelphia Financial Analysts Serves on the Investment Committee for the Inglis House Foundation Year started with SEI: 2008 Year started in investment industry: 1986 Previous employers: Morgan Stanley Investment Management, CoreStates Investment Advisors, First Boston Stephen Beinhacker, CFA Managing Director Investment Management Unit - Global Equity Investment Strategies Group Stephen Beinhacker serves as the Managing Director for the Global Equity Investment Strategies Group with the Investment Management Unit. He is responsible for the IMU s six equity teams located in Oaks, Toronto, London and Hong Kong and serves on the Investment Strategies Oversight (ISO) Committee. Prior to his current responsibilities, Stephen spent nearly two decades at AllianceBernstein, first as a Senior Portfolio Manager and later as Chief Investment Officer for emerging markets growth. In the latter role, he led a team responsible for asset management and product development for both institutional and retail clients. He also managed a U.S. equity portfolio for Lehman Brothers. Bachelor of Science in Mathematics and Computer Science, Binghamton University Master of Business Administration, New York University s Stern School of Business CFA Charterholder, CFA Institute Year started with SEI: 2012 Year started in investment industry: 1986 Previous employers: AllianceBernstein, Lehman Brothers Page 8

Sandra M. Ackermann-Schaufler, CFA Portfolio Manager Investment Management Unit - International Equity Investment Strategies Group Sandra Ackermann-Schaufler serves as a Portfolio Manager for the Investment Management Unit for global, international and emerging markets equities. In this role, she is responsible for the management of the portfolios and the oversight of research, selection and ongoing evaluation of global, international and emerging markets equity managers for the SEI Funds. Prior to joining SEI in 2009, Sandra was a Senior International Equity Analyst and Portfolio Manager of Merrill Lynch s multi-manager strategies, where she managed the firm s strategic and dynamic international equity portfolios and led the due diligence efforts in the international equity space through a combination of quantitative and qualitative analysis. Previously, she was a Senior Equity Analyst at Zircon Asset Management. Sandra has also served as Chief Investment Officer and Lead Portfolio Manager for three international closed-end mutual funds at Deutsche Asset Management. Earlier in her career, she was a Marketing Analyst at HVB Capital Markets, a Portfolio Manager and Equity Analyst at Deutsche Asset Management in Frankfurt, Germany and a Portfolio Manager at Allianz Asset Management in Munich, Germany. Master of Science in International Economic Sciences, University of Innsbruck, Austria CFA Charterholder, CFA Institute Year started with SEI: 2009 Year started in investment industry: 1995 Previous employers: Merrill Lynch, Zircon Asset Management, Deutsche Asset Management, HVB Capital Markets, Allianz Asset Management Robert (Rob) Ludwig Managing Director Investment Management Unit - Risk Management Group Rob Ludwig serves as the Managing Director of the Risk Management Group within the Investment Management Unit. He is responsible for developing and monitoring risk guidelines for SEI s investment offerings. His current research interests are in the applications of statistical process control, artificial intelligence and machine learning to financial decision-making. Page 9

In his preceding role, Rob was SEI s Chief Investment Officer. Prior to joining SEI in 1985, Rob worked for Chase Econometrics, a division of Interactive Data Corporation. Bachelor of Arts in Mathematical Economics, Brown University Master of Science, MIT s Sloan School of Management Year started with SEI: 1985 Year started in investment industry: 1980 Previous employers: Chase Econometrics, a division of Interactive Data Corporation Page 10