FPL ADVISORY GROUP. Ferguson Partners FPL Associates.

Transcription

1 FPL ADVISORY GROUP Ferguson Partners FPL Associates BOSTON CHICAGO HONG KONG LONDON NEW YORK SAN FRANCISCO SINGAPORE TOKYO TORONTO

2 Table of Contents Section Page I. Corporate Architecture 1 II. Firm Overview 2 III. Co-Chairman/Co-Chief Executive Officers FPL Advisory Group 3 IV. Ferguson Partners Ltd. Overview 4 Ferguson Partners Team Biographies 5 V. FPL Associates L.P. Compensation Overview 13 FPL Associates L.P. Compensation Team Biographies 15 VI. FPL Associates L.P. Consulting Overview 17 FPL Associates L.P. Consulting Team Bios 18 VII. Office Locations 19

3 FPL ADVISORY GROUP FERGUSON PARTNERS FPL ASSOCIATES Executive Search Chairmen/ Chief Executive Officers/ Presidents Board of Directors/Trustees Senior Management/ Corporate Infrastructure Compensation Benchmarking Program Design Contractual & Policy Arrangements Surveys Management Consulting Strategic Planning Organizational Design Corporate Finance Succession Planning & Leadership Specialized Research Ferguson Partners FPL Associates About FPL Advisory Group FPL Advisory Group ( FPL ) is a global professional services firm that specializes in providing executive search, compensation, and management consulting solutions to a select group of related industries. Our committed senior partners bring a wealth of expertise and category-specific knowledge to leaders across the real estate, asset and wealth management, hospitality and leisure, and healthcare sectors. FPL is comprised of two primary operating companies that work together to serve a common client base. Ferguson Partners provides executive and director recruitment services. FPL Associates provides a range of specialized compensation and management consulting services. Through our complementary practice areas, we work with our clients to develop the right talent, leadership, structures, and strategies for success in today s intensely competitive marketplace. From Boston, Chicago, London, New York, San Francisco, Singapore, Tokyo, and Toronto, we serve clients across the globe. Our Industry Practices FPL serves clients in a select group of related sectors: Real Estate Investment Managers, Public & Private Owners/Developers, Service Firms, Commercial Mortgage Investment/Finance, Residential Mortgage Investment/Finance, Homebuilders, Engineering/Construction/Infrastructure Asset & Wealth Management Global & Specialty Money Managers, Endowments/Foundations/Pensions, Private Wealth Managers, Family Offices, Fund of Funds, Hedge Funds, Private Equity Hospitality & Leisure Lodging, Gaming Resorts & Casinos, Restaurants & Cafes, Sports & Recreation, Amusement Parks & Attractions Healthcare Seniors Housing, Hospitals BOSTON CHICAGO HONG KONG LONDON NEW YORK SAN FRANCISCO SINGAPORE TOKYO TORONTO The Ferguson Partners recruitment practice consists of four affiliated entities serving FPL s clients around the world: Ferguson Partners Ltd. headquartered in Chicago with other locations in New York and Boston, Ferguson Partners Europe Ltd. headquartered in London with a Japan branch located in Tokyo, Ferguson Partners Hong Kong Ltd. in Hong Kong, and Ferguson Partners Singapore Pte. Ltd. in Singapore. Ferguson Partners Europe Ltd. is registered in England and Wales, No , Registered Office: 100 New Bridge Street, London, EC4V 6JA. Ferguson Partners Singapore Pte. Ltd. is registered in Singapore, Business Registration No. (UEN) H, Employment Agency License No. 12S6233. FPL Associates L.P., the entity which provides consulting services to FPL s clients, is headquartered in Chicago. 1

4 Firm Overview FPL Advisory Group ( FPL ) is a family of companies focused on providing highly specialized advisory services to the following industry sectors: real estate, asset and wealth management, hospitality and leisure, and healthcare. Through our complementary practice areas, we work with our clients to develop the right talent, leadership, structure, and strategies for success in today s marketplace. The firm s 40 professionals work from nine locations: Boston, Chicago, Hong Kong, London, New York, San Francisco Singapore, Tokyo, and Toronto. FPL s companies work together to serve a common client base: Ferguson Partners: Provides expert executive and director recruitment services to specialized industry sectors. While we have conducted searches for virtually all levels of professionals, our specialty is recruiting senior management and directors/trustees. The Ferguson Partners recruitment practice consists of two affiliated entities serving FPL s clients around the world: Ferguson Partners Ltd. headquartered in Chicago with other locations in Boston, New York, San Francisco, and Toronto and Ferguson Partners Europe Ltd headquartered in London with a Japan branch location in Tokyo and a branch in Hong Kong. FPL Associates: Through two practice groups, provides a range of specialized consulting services in the areas of compensation and management consulting. FPL Associates Compensation offers advisory services in the areas of benchmarking, program design, contractual and policy arrangements, and surveys. FPL Associates Management Consulting provides strategic planning, organizational design, corporate finance, succession planning and leadership, and specialized research services. FPL Associates L.P. is headquartered in Chicago. 2

5 Co-Chairmen and Co-Chief Executive Officers FPL Advisory Group William J. Ferguson Chairman and Chief Executive Officer, Ferguson Partners Ltd. William J. Ferguson serves as Chairman and CEO of Ferguson Partners Ltd. and as the Co-Chairman and Co-CEO of FPL Advisory Group. Mr. Ferguson conducts senior management recruiting assignments, with a specialization in president/chief executive officer searches and recruiting assignments for Boards of Trustees/Directors. He also conducts CEO succession planning assignments and facilitates public company Board assessments and senior management assessments. Before founding Ferguson Partners Ltd., Mr. Ferguson was a Managing Director in the Chicago office of Russell Reynolds Associates for ten years, one of the leading international executive recruiting consultants. There, he co-managed the firm s national real estate practice, handling assignments in eleven segments of the commercial and residential real estate industry. Prior to focusing in real estate, Mr. Ferguson worked for General Mills, Inc. in Minneapolis in strategic marketing. Mr. Ferguson holds a B.A. from Harvard University, where he was a member of Phi Beta Kappa, and an M.B.A. in marketing from the Wharton Graduate School of Business Michael A. Herzberg Chairman and Chief Executive Officer, FPL Associates L.P. Michael A. Herzberg serves as Chairman of FPL Associates L.P. and Co-Chairman and Co-CEO of FPL Advisory Group. He brings extensive experience in the real estate, mortgage finance and advisory industries and a broad knowledge of strategy, compensation and finance. Mr. Herzberg has been uniquely active in providing advisory services to real estate organizations undergoing some form of change. Prior to founding FPL, Mr. Herzberg served as Executive Vice President of JMB Realty Corporation. While at JMB, Mr. Herzberg was primarily involved in the firm s corporate acquisition and institutional investment management activities. Mr. Herzberg received a B.A. from Northwestern University and an M.B.A. from the University of Chicago s Graduate School of Business. 3

6 Background on Ferguson Partners Ltd. Ferguson Partners Ltd. is a global executive recruiting consultancy specializing in real estate, asset and wealth management, hospitality and leisure, and healthcare. While we have demonstrated a competency in recruiting individuals from other industries, over the last twenty years we have found that our clients are ultimately more comfortable hiring individuals with relevant industry experience that have the background and qualifications they are seeking. Last year, we conducted approximately 200 assignments. Our geographical activity tends to be evenly distributed across the United States. We are selected by most clients because of our intimate industry sector expertise. Given this industry knowledge, we are better able to work with clients to identify their specific requirements and recruit an individual who will be successful over the longer term. FPL s competitive advantage in real estate is that we serve clients across various sectors of the real estate industry, including real estate owners and asset managers (REITs, investment managers, private equity funds, homebuilders, public and private developers, corporate real estate firms), financial services providers (commercial & residential mortgage lenders, CMBS firms, hedge funds, investment & commercial banks, insurance companies), and related operators and service providers (REOCs, commercial services & brokerage firms, engineering & construction firms). In our asset and wealth management practice, we advise global and specialty money managers, endowments/foundations/ pensions, private wealth managers, family offices, fund of funds, hedge funds, and private equity firms. Our hospitality and leisure practice covers lodging and gaming to restaurants and recreation related businesses. And in healthcare, our clients range from hospitals to senior housing firms. As these industry segments increasingly compete for common human resources talent, we are well equipped to access them on behalf of a client. And finally, each member of our recruitment team brings knowledge and contacts developed over years of experience working in various positions across the sectors we serve. Our extensive relationships have been built over more than two decades and enable us to access a candidate pool which is unmatched in quality, depth, and breadth of experience. 4

7 Ferguson Partners Ltd. Biographies Real Estate, Hospitality, & Healthcare Practice James D. Dell Olio President & Senior Managing Director Ferguson Partners Ltd. James D. Dell'Olio manages Ferguson Partners New York office. His principal focus is on the execution of senior-level assignments on the East Coast with a special focus on the New York financial services community. Before joining Ferguson Partners, Mr. Dell'Olio worked in the Wall Street practice of TMP Worldwide, a retained executive search firm, and focused on the Private Equity, Investment Banking, and Structured Finance industries. Prior to that, he had spent several years in TMP's Real Estate practice conducting searches. Mr. Dell'Olio received a B.A. from Vassar, where he was admitted to Phi Beta Kappa and awarded a Maguire Fellowship for two years of study in Europe. He then received an M.A. from the Katholieke Universiteit Leuven in Leuven, Belgium, where he graduated magna cum laude and Valedictorian. David L. Thalhamer Managing Director Ferguson Partners Ltd. David Thalhamer is a Managing Director at Ferguson Partners. His principal focus is on all areas of real assets including investment and development, infrastructure and construction. His clients include private equity investors, sponsors, construction companies, developers and financial institutions on a global basis. Prior to joining Ferguson Partners, David was a Partner in a large global search firm. Previously, David was a Partner in a New York based boutique search firm specializing in the real estate and financial services industries. David began his executive search career at Russell Reynolds Associates in 1997, focused on the real estate and construction industries and co-led its global real estate practice for four years. He was also a member of the firm's financial officers recruiting practice. David holds a Bachelor of Architectural Engineering Degree from Pennsylvania State University, an M.B.A from Fordham University's Graduate School of Business Administration, beta gamma sigma and a M.S. in Real Estate Finance and Investment from New York University. 5

8 Mark Momongan Senior Director Ferguson Partners Ltd. Mark Momongan is a Senior Director at Ferguson Partners Ltd. where his focus is on senior management recruitment. Before joining Ferguson Partners, Mr. Momongan was a Vice President at Flint Creek Partners, LLC, a real estate investment bank. During his career, he raised institutional equity for discretionary funds and programmatic/entity-level joint ventures from private equity funds, pension funds/endowments, fund of funds, and pension fund consultants. His responsibilities included all facets of transaction execution, fund marketing, and investor relations. Mr. Momongan also served as an advisor to several investment managers and endowments on their fund investments. Previously, Mr. Momongan was an Associate at Prudential Volpe Technology Group, a subsidiary of Prudential Securities Investment Banking Group, where he worked on a number of technology and telecommunications engagements, including mergers and acquisitions and private and public financings. In addition, he was an Associate in the Chicago office of Houlihan Lokey, where he focused on mergers and acquisitions, private placements, valuations and fairness opinions. Mark earned his B.S. in Spanish from Georgetown University and an M.B.A. in Finance and Real Estate from Columbia Business School. He was the recipient of the John J. & Teresa Azrack Real Estate Scholarship. Erica Hirsen Director Ferguson Partners Ltd. Erica Hirsen is a Director at Ferguson Partners Ltd., where her focus is on senior management recruitment. Her specialization is in the healthcare real estate industry, specifically in senior housing. Prior to joining Ferguson Partners, Ms. Hirsen was an Assistant Vice President with GE Capital s Healthcare Financial Services Real Estate business, a leading real estate lender in the healthcare industry serving segments such as senior housing, skilled nursing, medical office buildings, and hospital systems. Her responsibilities included managing customer relationships, leading financing transactions, and driving loan structuring and negotiations. Previously, Ms. Hirsen was an Associate at PricewaterhouseCoopers focusing on financial advisory services. Ms. Hirsen holds a Bachelor s degree in Accounting and a Master s of Accountancy from University of Wisconsin Madison. She is also a registered CPA. 6

9 Travis Kononen Senior Director Ferguson Partners Ltd. Travis Kononen is a Senior Director at Ferguson Partners. He specializes in real estate private equity and investment banking, executing mandates in the US, UK, and continental Europe. Mr. Kononen furthermore maintains close links with INSEAD and the London Business Schools real estate programs. Prior to joining, Mr. Kononen worked for Richmond & Co, which he joined in Mr. Kononen has a degree from Oregon State University. 7

10 Peter Rackowe President-International Peter Rackowe is the President-International of the Japan Branch of Ferguson Partners Europe Ltd, having moved to the firm to set up the Japan operation. From Tokyo, he leads the development and expansion of its global executive search practice in Japan and the Asia Pacific Region. Mr. Rackowe has over 14 years of industry experience directing and managing search assignments across the Asia-Pacific region accessing both local and global talent pools. Previously, Mr. Rackowe worked in leadership roles for Spencer Stuart and Korn/Ferry International where he developed extensive experience providing executive search solutions in the broad alternatives space with a specialization across the fund industry in real estate, distressed, private equity, and broader financial services industries including investment banking, capital markets, and asset management. Mr. Rackowe was mainly educated in England and holds an M.A. in Oriental Studies from Cambridge University. He is a long-term resident of Japan and is a fluent Japanese speaker. Max d'ambrumenil Regional Director Ferguson Partners Hong Kong Max d'ambrumenil is the Regional Director responsible for the Hong Kong business, having joined the firm to establish the Hong Kong business. Before joining Ferguson Partners, Mr. d'ambrumenil helped open the Hong Kong office of a leading real estate recruitment business leading the general practice division. Working with private equity funds, investment managers, advisors, developers, corporate occupiers and property consultancies, Mr. d'ambrumenil has worked in the Asia-Pacific real estate space since Prior to moving to Asia, he worked in London working with European based real estate investors, developers and consultancies. Mr. d'ambrumenil was educated in England and holds a BSc (Hons) Real Estate Investment from Oxford Brookes. 8

11 Serena Althaus Senior Managing Director Ferguson Partners Europe Ltd. As Senior Managing Director of Ferguson Partners Europe Ltd, Serena Althaus spearheads the continued development of Ferguson Partners European recruitment business and assists clients in reaching an increasingly international talent pool. With c.15 year s industry experience, having previously worked at Spencer Stuart, Norman Broadbent and Heidrick & Struggles, she provides executive search services to real estate, construction, and financial services companies across the United Kingdom and Europe. Ms. Althaus has an honours degree in English from Durham University. Gemma Burgess Senior Director Ferguson Partners Europe Ltd. Gemma Burgess is a Senior Director with Ferguson Partners Europe Ltd. Gemma has eight years experience working within executive and non-executive search. Prior to joining Ferguson Partners in 2007, she spent two years at Hanson Green working on non-executive director and chairman appointments for both public and private companies, within the UK and Europe. Ms. Burgess previous search experience is within the tax, manufacturing and engineering sectors. 9

12 Mark Ross Managing Director Ferguson Partners Canada Ltd. Mark Ross is a Managing Director at Ferguson Partners. He works with domestic and international financial services organizations in attracting top talent to their teams. With 20 years of executive search experience Mark has recruited across all segments of the financial industry including traditional and alternative asset management, capital markets, investment, commercial and retail banking, leasing and insurance. His clients have included several major Canadian pension funds, Canadian and international banks, insurance companies, mutual funds and institutional asset managers. Prior to joining Ferguson Partners, Mark was a Partner at Heidrick & Struggles in the global financial services practice and a member of the asset management, private equity and insurance specialty practice groups. Mark holds an Honors B.A. from the University of Toronto and a law degree from the University of British Columbia. 10

13 Ferguson Partners Ltd. Investment Management Practice Amy de Rham Managing Director, Investment Management, Practice Leader Ferguson Partners Boston Amy de Rham is a Managing Director at Ferguson Partners Ltd. and the Investment Management Practice Leader, North America. Her specialization is the investment management industry where she has partnered with clients in the recruitment of senior level professionals over the last twelve years. She began her search career at Spencer Stuart as a member of the Financial Services Practice. Prior to joining Ferguson Partners, she was the North American Sector Leader for the Asset and Wealth Management Practice at Korn/Ferry International. Ms. de Rham brings extensive recruiting experience to her clients, consulting to organizations including global financial services companies, money management and specialty firms, endowments and foundations, alternative firms and fund of funds. Her functional specialty is investment-related positions, though her experience includes a range of senior management level assignments including sales & marketing and board of directors. Prior to executive search, Ms. de Rham was a Managing Director and Senior Equity Analyst at Banc of America Securities, LLC (formerly Montgomery Securities) in San Francisco. She began her professional career on the buy-side at MFS Investment Management in Boston where she was an Equity Analyst and then a Portfolio Manager, responsible for a third of the flagship Mass. Investors Trust, a growth and income fund. Ms. de Rham holds a M.B.A. from The Amos Tuck School of Business at Dartmouth College, where she was a member of the M.B.A. Advisory Board, as well as a bachelor s degree cum laude from Princeton University. She has been Chair of the Committee to Nominate Alumni Trustees for Princeton and a steering committee member of Women in Leadership for Princeton University. 11

14 Philip Darling Managing Director, Investment Management Ferguson Partners Europe Ltd. Philip is a Managing Director and leads the development and expansion of the firm s UK & European Asset & Wealth Management practice. Philip was formerly Head of Asset & Wealth Management at Stonehaven, a boutique firm established in 2008 by the former Global Head of Financial Services from Heidrick & Struggles. He was responsible for all activity across the buy side excluding alternatives. He previously worked at Korn/Ferry International for five years, latterly as a Partner in the London office. He has 17 years experience in executive search and brings a respected track record of completing senior level searches for a wide range of leading investment management firms, specialist boutiques, multi-managers, funds of hedge funds and wealth managers. He has successfully completed senior-level assignments for CEOs, CIOs, Heads of Asset Classes, Directors of Research, Portfolio Managers, Sector Analysts and Heads of Distribution across Western, Central and Eastern Europe, Russia, the Middle East and the US on behalf of clients based in London, Paris, Geneva, Zurich, and across the GCC. Philip studied French at Queen Mary College, University of London and also graduated from the Central School of Speech & Drama/Webber Douglas Academy. 12

15 Background on FPL Associates L.P. Compensation Recognized leader in compensation consulting and advisory services within the real estate and related industries Client base spans public and private firms across a variety of sectors, asset types, and strategies Conduct projects annually at firms across the globe ranging from benchmarking analyses to plan/program design (among others) Conduct 20 to 30+ surveys per year, covering positions across all organizational levels and functions/departments Partner with numerous, prominent real estate trade associations, including (among others): NAREIT, NMHC, NAREIM, ICSC, PREQIN, and PREA One-of-a-kind database boasts the largest source of real estate compensation data Compensation & Performance Benchmarking Provide baseline competitive market data on the compensation practices of customized peer groups Evaluate all main components of compensation (base salary, annual bonus, and long-term incentive) for executive, senior, mid-level, and junior professionals and Board of Directors Compensation Program Design Provide insight into industry and peer best practices that can be translated into the optimal and appropriate compensation philosophy/strategy for our clients Establish market competitive, retention-oriented, annual and long term incentive plan designs (including award opportunities and performance criteria), as well as salary structure and administrative guidelines 13

16 Compensation Advisory Services Aid in addressing key compensation issues resulting from organizational changes, as well as economic and environmental factors Assist in developing compensation strategies for a new or existing business, taking into account industry trends, economic conditions and company profitability and culture Develop, lead and implement new compensations programs, tailored to your organization Conduct organizational assessments to evaluate current staffing, structure, and titles and identify opportunities to enhance efficiency and effectiveness Compensation Service Offerings Customized Market Assessments Provide market competitive research in areas such as long-term incentive vehicle utilization, share authorization and overhang issues, management ownership levels, and non-traditional or synthetic long-term incentive vehicles Tally Sheets Develop an itemized breakdown of total compensation packages including salary, bonus, equity compensation, retirement benefits, perquisites, equity holdings, and contractual obligations Termination Scenario Analysis Project the potential financial impact of executive departures which occur as a result of retirement, voluntary and involuntary termination, change-of-control, or other circumstances Severance and Change in Control Arrangements Define competitive market approaches to severance, employment, and change in control agreements Benchmark terms and conditions of management employment agreements 14

17 FPL Associates L.P. Compensation Biographies Josh R. Anbil Senior Managing Director, FPL Associates L.P. Josh R. Anbil is Senior Managing Director of FPL Associates. Mr. Anbil co-runs the firm s compensation consulting business and leads FPL s projects for privately-owned real estate companies. In this capacity, he focuses on helping clients review and analyze their existing pay practices and determine how best to compensate their executives, managers, employees, and/or Board of Directors going forward. Since joining FPL in 2004, Mr. Anbil has worked with over 150 real estate companies on hundreds of projects. He has worked with C-suite executives, senior management teams, Boards of Directors, Compensation Committees, and human resources professionals to address a wide range of compensation and organizational topics. While Mr. Anbil has worked with numerous types of companies and across all industry sectors, Mr. Anbil specializes in advising private real estate firms, including real estate investment managers, private equity firms, developers, owner-operators, family-owned companies and private REITs. Mr. Anbil is focused on helping clients develop market-competitive compensation solutions that align interests, emphasize performance and results, and attract, motivate, and retain key employees. During his time at FPL, he has worked on a variety of engagements, including those that involve one or more of the following services (among others): Detailed compensation benchmarking analyses across all components Recommendations for go-forward pay levels/opportunities for key executives and employees Comprehensive review of compensation programs (design, philosophy, and strategy) Developing base salary guidelines and grade/band systems Designing annual bonus plans and corresponding performance measurement systems Structuring and designing long-term incentive plans and corresponding terms/conditions Employment contract review, negotiation, and development Modeling incentive pay results in various portfolio and/or financial performance scenarios Prior to joining FPL, Mr. Anbil worked for Lincoln Financial Group. Earlier, Mr. Anbil worked in the Total Compensation Measurement practice for Hewitt Associates, Inc. and in Global Human Resources Solutions, Human Resources Outsourcing at PricewaterhouseCoopers. Mr. Anbil received his B.S. in Finance from the University of Illinois, College of Commerce and Business Administration. 15

18 Jeremy I. Banoff Senior Managing Director Mr. Banoff is a Senior Managing Director with FPL Associates L.P., responsible for managing the compensation consulting division with FPL. Mr. Banoff has extensive experience working with senior management and Board of Directors to identify and implement strategic executive compensation programs designed to attract, retain, and motivate key employees. Mr. Banoff provides expertise on a range of compensation issues to his clients, which include a significant number of public REITs and private real estate companies. Additionally, Mr. Banoff has significant background with compensation matters relating to Board of Director compensation design, broad-based organizational benchmarking, employment agreement structuring and negotiations, tally sheet preparation and customized surveys. Over his career, Mr. Banoff has advised a wide array of clients in the real estate industry with a primary focus on the public sector. In addition, he is responsible for overseeing FPL s survey team, which conducts nearly 25 unique surveys within the real estate industry per annum, Mr. Banoff has completed over 350 client assignments focused within all facets of the real estate industry. Mr. Banoff is widely cited in compensation issues affecting the real estate industry, including articles published in the Wall Street Journal, Commercial Property News, Real Estate Portfolio Magazine, Commercial Property Executive, National Real Estate Investor, amongst others, and he is a frequent speaker at various real estate industry events, including both NAREIT and the NMHC. He is also a member of WorldatWork (formerly the American Compensation Association), the Global Equity Organization, and the National Association of Stock Planning Professionals (NASPP). Mr. Banoff received his B.S. in Finance with honors from the University of Illinois, College of Commerce and Business Administration. 16

19 Background on FPL Consulting FPL Consulting is a member of the FPL Advisory Group family of companies, which provides highly specialized advisory services to the real estate and related industries. Through our complementary practice areas, we work with our clients to develop the right leadership, structures, strategies, financial and compensation foundations for success in today s intensely competitive marketplace. FPL Consulting specializes in transformational assignments addressing key shareholder and/or employee requirements so as to provide a new foundation for competitive performance. We have been particularly active in re-positionings and re-organizations and have extensive expertise in mediating among shareholders, partners, boards and/or management to find a common foundation to move their businesses forward. Our engagements typically focus on: Strategy Organizational Design Ownership & Compensation Governance Succession Leadership Corporate Finance FPL s principals have significant experience in management consulting, business management, corporate finance, law, transactional advisory and negotiation. We work across a select group of related industry sectors including real estate, private equity/ asset management, service organizations, health care, and financial services. Our experiential knowledge of these core sectors, combined with research-driven analytics and a practical application of human dynamics, allows us to deliver effective and actionable solutions for our clients. 17

20 FPL Consulting Biographies Timothy R. Kessler Principal, FPL Consulting Mr. Kessler is a Senior Director with FPL Associates in the Management Consulting practice area. He is responsible for leading and executing client engagements across all sectors of the commercial real estate and related financial services industries. Mr. Kessler joined FPL from the management consulting firm ZS Associates, where he worked with a variety of clients on projects pertaining to organizational design, go-to-market strategy, and incentive compensation. Previously, he worked in the Strategic Finance group at Bear Stearns, where he specialized in underwriting equity financings for corporate clients. Mr. Kessler graduated from Harvard University with a B.A. degree in Economics. He also earned an M.B.A. from the Kellogg School of Management at Northwestern University. 18

21 F P L A D V I S O R Y G R O U P Locations Ferguson Partners Ltd. Boston Ten Post Office Square 8 th Floor Boston, MA Phone: (617) Fax: (617) Chicago (Headquarters) 123 North Wacker Drive Suite 1900 Chicago, IL Phone: (312) Fax: (312) New York 1120 Avenue of the Americas Suite 1512 New York, NY Phone: (212) Fax: (212) San Francisco 505 Montgomery Street, 11th Floor, San Francisco, CA Ferguson Partners Europe Ltd. London 78 Pall Mall London SW1Y 5ES United Kingdom Phone: +44 (0) Fax: +44 (0) Ferguson Partners Hong Kong Ltd. Hong Kong Level 17, China Building 29 Queen s Road, Central Hong Kong Phone: (852) Ferguson Partners Japan Tokyo 2F Fukide Daini Building Toranomon, Minato-ku Tokyo, Japan Phone: (81) Fax: (81) Japan branch of Ferguson Partners Europe Ltd Ferguson Partners Singapore Pte. Ltd. Singapore Level 30, Singapore Land Tower 50 Raffles Place Singapore Phone: Ferguson Partners Canada Co. Toronto 49 Front Street East, 3rd Floor Toronto, Ontario Canada M5E 1B3 Phone: (416) For more information 19