L. JOE MORAVY, MBA, CPA 1 CURRENT POSITION Finance Scholars Group, Chicago, Illinois Managing Director (2010 - present) PAST POSITIONS LJM Advisory Managing Director and Owner, (2008-2010) Ernst & Young LLP Partner (2002-2008, retired) Arthur Anderson LLP Partner (1987-2002) Manager (1980-2002) Professional Staff (1974-1980) EDUCATION AND PROFESSIONAL CERTIFICATION MBA, University of Michigan, Ross School of Business BSBA, Michigan Technological University Licensed as a Certified Public Accountant, (1975- Illinois). Currently registered as a CPA in the State of Illinois. BOARD MEMBERSHIPS AQR Funds (mutual fund complex) Board of Trustees (2008 - present) Audit Committee Chair (2008 - present) Nominating and Governess Committee (2008 - present) PROFESSIONAL ORGANIZATIONS American Institute of Certified Public Accountants 1 FSG is not a CPA firm
Illinois CPA Society Independent Directors Council National Association of Corporate Directors Bank Administration Institute, Auditing Commission (1995-1996) Bank Administration Institute, Accounting and Finance Commission (1992-1993) PROFESSIONAL EXPERIENCE Expert, Litigation and Investigations Expert and litigation support services on behalf of Big Four and other accounting firms and individual auditors in connection with SEC, PCAOB and other regulatory investigations. Expert and litigation support on behalf of individual financial executives in connection with lawsuits alleging improper accounting for derivatives. Advisory assistance in relation to Board of Director investigation into accounting and internal control related matters. Retained by law firms including: Arnold & Porter, Hogan Lovells, Howrey, Mayer Brown, Sidley Austin, Williams & Connolly, and Zuckerman Spaeder. Audit Engagement Partner Large, publicly-held, multi-national, money center bank holding company Large, publicly-held, multi-national, bank and trust company Banking branches of foreign banks Community/regional publicly-held and privately-owned banking companies Privately-owned global investment firm Publicly-held online broker/dealer Privately owned broker/dealer and Futures Commission Merchants (FCMs) Privately-owned private equity investment firm Large, privately-held commodities exchange Privately-owned Small Business Investment Companies Resume of L. Joe Moravy, MBA, CPA. Page 2 of 4
Concurring Review Partner Publicly-held international middle market investment banking and securities firm Community/regional publicly-held and privately-owned banking companies Large, publicly-held consumer finance company Other Professional Experience Regional Financial Accounting & Reporting Expert Leader. Led a team of partners and managers organized to assist engagement teams with complex accounting and reporting questions including issues such as derivatives (FAS 133), securitization (FAS 140), stock-based compensation and business combinations. Member Sarbanes Oxley 404 Leadership Team. Responsible for assisting public companies in preparing for new internal control reporting requirements, as well as, for training and advising engagement teams on the audit process required for such reporting. Member Sarbanes Oxley 404 Leadership Team. Responsible for assisting public companies in preparing for new internal control reporting requirements, as well as, for training and advising engagement teams on the audit process required for such reporting. Participant and Team Leader of the internal Audit Quality Review Program. Within the accounting and audit practice of the firms. Led review teams in Moscow and London. Special Projects Initial public offering for online broker. Public offerings of registered equity and debt securities for publicly-held financial services companies. Private placement of debt for publicly held companies. Advisory Services Projects Design a process to identify and hedge foreign currency risk for a global consumer goods manufacturer based in Chicago, Illinois. Review the investment practices, including the use of derivatives, and present findings to the Board of Directors for a high tech company based near San Jose, California. Review of the allowance for loan loss methodology for the credit card business of a major bank and credit card issuer based in New York, New York. In connection with this project survey and benchmark credit card reserving practices of major credit card issuers. Resume of L. Joe Moravy, MBA, CPA. Page 3 of 4
Review of credit card merchant processing business, from an internal control and risk management perspective for a major Midwestern based bank. Due diligence review of a captive private label issuer on behalf of a potential buy out by business development firm covering its accounting practices and processes, as well as, its portfolio composition and risks. Presentation about what and how derivatives are used to Board of Directors a major European bank. CONTACT INFORMATION L. Joe Moravy Managing Director Finance Scholars Group Phone: 312.466.5722 Fax: 708.771.6001 Cell: 312.307.4237 Email: jmoravy@finsch.com May 2011 Resume of L. Joe Moravy, MBA, CPA. Page 4 of 4
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