FINANCIAL SERVICES TEAM



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FINANCIAL SERVICES TEAM William Spiegel Managing Director, Head of Financial Services Mr. Spiegel is a founding partner and a managing director responsible for managing Pine Brook s financial services investing activities. He is also a member of the Investment Committee. Mr. Spiegel currently represents Pine Brook as a director of Aurigen Capital Limited, Essent Group Ltd., Fair Square Financial LLC, Fidelis Insurance Holdings Ltd., Global Atlantic Financial Group, Third Point Reinsurance Ltd., Tunbridge Partners, LLC and Vibe Syndicate Management. Mr. Spiegel has 25 years of private equity investment experience. Prior to joining Pine Brook, he was with the Cypress Group from its inception in 1994 until 2006, managing its financial services and healthcare investing activities. Prior to joining The Cypress Group, Mr. Spiegel worked in the Merchant Banking Group at Lehman Brothers. He has served on the board of directors of 17 companies, including seven publicly traded corporations. Mr. Spiegel holds a B.Sc. in Economics from the London School of Economics, an M.A. in Economics from the University of Western Ontario and an M.B.A. from the University of Chicago. Guillermo Bron Mr. Bron joined Pine Brook in December 2013 as a managing director on the financial services investment team. He is also a member of the Investment Committee. Mr. Bron currently is chairman of the board of United PanAm Financial Corp, a Pine Brook investment. Mr. Bron has more than 40 years of financial services experience, including 20 years in the private equity industry. Mr. Bron was a founding and managing partner of ACON-Bastion Partners II. Prior to his involvement in ACON, he spent eight years as a founder and the managing partner of Bastion Capital; the first private equity fund primarily focused on the U.S. Hispanic market. His experience also includes six years as a managing director at Drexel Burnham Lambert, leading their Latin American Corporate Finance Group. Earlier in his career, Mr. Bron was an investment officer at World Bank s International Finance Corp. Mr. Bron holds B.S. degrees in Electrical Engineering and Management Science from the Massachusetts Institute of Technology and an M.B.A. from Harvard Business School. Oliver Goldstein Mr. Goldstein joined Pine Brook in October 2009 and is a managing director on the financial services investment team. He is also a member of the Investment Committee. Mr. Goldstein currently represents Pine Brook as a director of AloStar Bank of Commerce, Amedeo Capital Limited, Fair Square Financial LLC, Origin Bancorp, Inc. and Strategic Funding Source, Inc.

Mr. Goldstein has 20 years of private equity and financial advisory experience, including 18 years in the private equity industry. From 2005 to 2009, he was a partner and senior managing director at Eton Park Capital Management, an investment firm with over $12 billion of capital under management. Mr. Goldstein started and led Eton Park s U.S. private investment effort, establishing an investment strategy concentrated on growth equity financings and special situations, with a primary industry focus in financial services and a secondary focus in energy and power. His investments at Eton Park included Commercial International Bank, Ariel Re and Harbor Point Limited. Mr. Goldstein was with Warburg Pincus from 1999 to 2005, most recently as a managing director responsible for leveraged buyouts and direct investments in public companies. In 2000, he played a significant role in executing Warburg Pincus investment in Dime Bancorp with Mr. Newman. The following year, he received the first John L. Vogelstein Award, which recognizes the Warburg Pincus investment professional who most demonstrates keen investment judgment. Earlier in his career, Mr. Goldstein worked for Fenway Partners and Goldman, Sachs & Co. Mr. Goldstein holds a B.S. in Mathematics and Economics (summa cum laude) from Duke University, where he was elected to Phi Beta Kappa, and an M.B.A. with High Distinction from Harvard Business School, where he was a George F. Baker Scholar. Nicholaos Krenteras Mr. Krenteras joined Pine Brook in August 2006 and is a managing director on the financial services investment team. He is also a member of the Investment Committee. Mr. Krenteras currently represents Pine Brook as a director of Aurigen Capital Limited, Belmont Green Limited, Better Mortgage, Clear Blue Financial Holdings LLC, The Car Finance Company (2007) Limited and Vibe Syndicate Management. Prior to joining Pine Brook, Mr. Krenteras spent nine years in the financial services industry working for LabMorgan, JP Morgan s financial technology venture capital arm, as vice president of portfolio development. Earlier in his career, he worked for Bank of America as an interest rate derivatives trader and as the vice president of trading and business development for Pedestal Capital, a start-up institutional brokerage for mortgage-backed securities. Mr. Krenteras holds an A.B. in International Relations from Brown University and an M.B.A. from the Columbia University Graduate School of Business, where he was a member of the Beta Gamma Sigma honor society. Lawrence Marsiello Mr. Marsiello joined Pine Brook in April 2010 and is a managing director. He is dedicated to the commercial bank and consumer and commercial finance segments of Pine Brook s financial services investment practice. Mr. Marsiello currently represents Pine Brook as a director of Amedeo Capital Limited, Strategic Funding Source Holdings, LLC, The Car Finance Company (2007) Limited and United PanAm Financial Corp. Mr. Marsiello, who began his career at Manufacturers Hanover Trust Co. in 1974, has over 44 years of cycletested experience. He retired in February 2008 as vice chairman and chief lending officer of CIT Group. Previously at CIT Group, Mr. Marsiello served as group chief executive in the Commercial Finance Group. Through the Business Credit Group (asset-based and cash flow loans) and Commercial Services Group (the largest U.S. factoring company), the Commercial Finance Group served 3,000 clients representing $9 billion (18%) of CIT Group s managed assets and 25% of the company s net income.

Mr. Marsiello is a member of the Turnaround Management Association and the Commercial Finance Association. In the fall of 2008, the Turnaround Management Association elected him to the Turnaround, Restructuring and Distressed Hall of Fame. He also serves as a trustee of St. Francis College (Investment Committee Chair) and of National Jewish Health in Denver, CO. Mr. Marsiello holds a B.A. in Economics from St. Francis College, a Certificate in Banking Management from the Stonier Graduate School of Banking at Rutgers, and an M.B.A. from Pace University. He also has completed the Advanced Management Program at the Harvard Business School. Bharath Srikrishnan Mr. Srikrishnan joined Pine Brook in September 2015 and is a managing director on the financial services investment team. He is also a member of the Investment Committee. Mr. Srikrishnan has 15 years of financial services investment and operating experience. Before joining Pine Brook, he was a managing director at Five Mile Capital Partners, where he was responsible for leading the firm s financial services investment activities. Mr. Srikrishnan previously served as a principal of Lee Equity Partners, where he focused on making financial services private equity investments. Additionally, he was a co-founder and managing director of NewStar Financial, Inc., a private equity-backed middle market commercial finance company which successfully completed an initial public offering. Mr. Srikrishnan began his career as an analyst in the Financial Institutions Group of Salomon Smith Barney and as an associate with Capital Z Financial Services Partners. Mr. Srikrishnan graduated from Boston College with a B.S. degree in Finance, Operations and Strategic Management (cum laude). Kristin Gilbert Principal, Financial Services Investment Team Ms. Gilbert joined Pine Brook in March 2010 and is a principal on the financial services investment team. Ms. Gilbert represents Pine Brook as a director of Amedeo Capital Limited, NBIC Holdings, Inc., The Car Finance Company (2007) Limited, and United PanAm Financial Corp. Prior to joining Pine Brook, Ms. Gilbert was with CVC Capital Partners, a $40 billion global private equity firm, where she was an investment director and a founding member of the financial services team. Prior to joining CVC Capital Partners in 2007, Ms. Gilbert was an associate at Madison Dearborn Partners, a $15 billion private equity firm. She began her career as an investment banking analyst in the Financial Institutions Group at Morgan Stanley. Ms. Gilbert holds a B.A. in Economics and Political Science from the University of North Carolina. Scott Schaen Principal, Financial Services Investment Team Mr. Schaen joined Pine Brook in August 2010 and is a principal on the financial services investment team. Mr. Schaen currently represents Pine Brook as a director of Fidelis Insurance Holdings Ltd, Green Bancorp, Inc and Tunbridge Partners LLC.

Prior to joining Pine Brook, Mr. Schaen was with Lightyear Capital, a middle-market private equity investor in financial services, where he was a senior associate specializing in executing and monitoring investments in the financial services industry. Before joining Lightyear Capital in 2006, Mr. Schaen was an investment banking analyst in the Global Power Group at Citigroup. Mr. Schaen holds a B.B.A. from the University of Michigan s Ross School of Business. Mike Vostrizansky Vice President, Financial Services Investment Team Mr. Vostrizansky joined Pine Brook in March 2016 and is a vice president on the financial services investment team. Before joining Pine Brook, Mr. Vostrizansky was a principal with Flexpoint Ford, a middle-market private equity investment firm, where he focused on executing and monitoring firm investments across the financial servies industry. He previously worked in the Financial Institutions Group at Credit Suisse, where he focused on corporate merger advisory and capital raising assignments for a variety of financial institutions. Mr. Vostrizansky holds a B.S.E. in Aerospace Engineering (magna cum laude) from the University of Michigan and a Master of Science in Engineering from the University of Michigan s Rackham Graduate School. He is also a Board Member of C/I, a New York charity working to narrow the tech education gap for the city s underserved youth. Ethan Wang Vice President, Financial Services Investment Team Mr. Wang joined Pine Brook in July 2014 and is a vice president on the financial services investment team. Mr. Wang represents Pine Brook as a director of Belmont Green Limited and Better Mortgage. Before joining Pine Brook, Mr. Wang was with JLL Partners, where he spent two years focusing on specialty finance, healthcare and business services opportunities. Prior to that, he was an analyst with Milestone Advisors which was later acquired by Houlihan Lokey. Mr. Wang holds a B.S. in business administration and chemistry from the University of North Carolina at Chapel Hill, and an M.B.A. from the Booth School of Business at the University of Chicago (with high honors). Dustin DeWitt Mr. DeWitt joined Pine Brook in September 2012 and is an associate on the financial services investment team. He currently represents Pine Brook as a director of Clear Blue Financial Holdings LLC. Mr. DeWitt came to Pine Brook from Goldman, Sachs & Co., where he spent two years as a member of the firm s Financial Institutions Group, focusing on the banking, specialty finance and financial technology sectors. Mr. DeWitt holds a B.S. in Finance from the Kelley School of Business at Indiana University.

Keely Shearer Ms. Shearer joined Pine Brook in September 2015 and is an associate on the financial services investment team. Ms. Shearer came to Pine Brook from Goldman, Sachs & Co., where she spent two years as a member of the firm s Financial Institutions Group, focusing on the banking, specialty finance and market structure sectors. Ms. Shearer holds a B.S. in Finance from the Kelley School of Business at Indiana University. Jennifer Zhu Ms. Zhu joined Pine Brook in September 2015 and is an associate on the financial services investment team. Ms. Zhu came to Pine Brook from Morgan Stanley where she spent two years as a member of the firm s Financial Institutions Group, focusing on the banking, specialty finance and market structure sectors. Ms. Zhu holds a B.A. in Economics (cum laude) from Harvard University.