Our People

Ms. Riley is a Vice President of McLagan’s Corporate and Consumer Banking Consulting Practice at our Boston office. She advises bank boards and executive leadership on all aspects of compensation. Jean specializes in crafting unique compensation strategies and plans for each client’s situation that emphasize safety, soundness, and performance. Ms. Riley has worked with de novos, mutuals, and larger publicly traded banks.

Jean has over twenty years of experience in the field of compensation design and reward strategies. Prior to joining McLagan, she was a Vice President with Amalfi Consulting. She was also a Principal of The HR Consulting Group, a boutique consulting firm that provided organizational and reward system design services to enhance company effectiveness. Throughout her career, she has assisted many companies with human resource issues, including helping identify barriers to performance, and successfully designing progressive solutions. Jean continues to share her expertise to help organizations define their compensation philosophy and goals and then develop programs to effectively reward top performance.

In a recent engagement, Jean helped a de novo bank meet the requirements of the C&D order from the OCC. She conducted an independent assessment of the management team and the bank’s executive compensation plans. Her recommendations enabled the Board to make important and timely changes to improve the bank’s operating results.

Jean earned a bachelor’s degree in business administration from Fitchburg State College in Massachusetts and also holds the designation Certified Compensation Professional (CCP).

Paula Burns is a Director in McLagan’s Chicago office. Ms. Burns has management responsibility for the Private Client Performance Monitor, a product line encompassing market share reports, branch profitability and retail broker performance analyses.

Ms. Burns joined McLagan in 1975 and during her tenure has designed and developed software for McLagan’s Institutional Performance Monitor, compensation surveys, and Private Client surveys. Current responsibilities include project management of the Private Client program, including oversight of client data collection and validation, report production, distribution and analysis, client relationship management, as well as administration of the Chicago office.

Prior to joining McLagan, Ms. Burns developed financial software, including brokerage back-office accounting applications and trading analyses, for Doyle O’Connor & Co., Mid-America Computer Corporation, and the Chicago Stock Exchange. Ms. Burns attended the University of Illinois at Chicago and was awarded an Illinois State Scholarship.

Todd Crowley is Head of Broker Productivity and Compensation and focuses on helping clients understand and manage the pay and performance equation for Financial Advisors. Mr. Crowley has twelve years of experience at McLagan in performance and compensation reporting and consulting in the Private Client arena.

Mr. Crowley’s areas of expertise include:

• Analyzing competitive pay practices and levels for Financial Advisors and Branch Managers, and assisting in the design of compensation plans for these populations.

• Benchmarking Financial Advisor performance, including broker productivity by years of experience, by local market, and by wealth segment.

• Benchmarking Financial Advisor recruitment compensation deal structures and levels, as well as the relative success of new recruits compared to past performance.

Mr. Crowley received both MBA and BS degrees from the University of Illinois.

Susan Lenox is Head of Equities Revenue Benchmarking in McLagan’s Chicago office. Ms. Lenox provides data management and consulting support services to over 75 investment management clients who participate in the firm’s Institutional Equity Performance Monitor Service (IEPMS) as well as internal consultants throughout the firm. The services include client data collection, validation, manipulation, analysis, and ultimately production and distribution of over 800 client reports each quarter. Ms. Lenox also handles the creation of “special data analysis reports” for the IEPMS client base as well. Additionally, Ms. Lenox coordinates the client billing and collection efforts for the IEPMS services.

Ms. Lenox has been with McLagan for 28 years and during this time has also provided extensive data management support for the compensation consulting programs within the firm. Ms. Lenox holds a Bachelor of Science degree in Business Administration from Illinois State University.

Ms. Anderson is a Vice President of McLagan’s Corporate and Consumer Banking Consulting Practice at our Minneapolis office. She advises clients on the design and implementation of compensation programs that support the client’s strategic goals and compensation philosophy while maintaining industry best practices. Kara guides clients in the development of compensation plans that attract, retain, and reward key talent.

Kara has over 14 years of experience in compensation and benefits consulting, serving the banking and financial services industries as well as Fortune 500 companies. She has consulted to boards of directors and bank executives on salaries, bonuses, equity plans, benefits, and employment agreements.

Prior to joining McLagan, Kara managed project teams advising organizations on their total rewards programs that included consulting on design as well as calculating pay and benefits costs. Ms. Anderson has also provided actuarial pension calculations and consulted on employee retirement, stock purchase, and stock option plans. In addition, Kara has career experience with Hewitt Associates and Clark Consulting’s Healthcare and Banking practices.

Kara earned a Bachelor’s of Science degree in mathematics (actuarial emphasis) and economics from the University of Wisconsin, Eau Claire. She holds a Master’s of Business Administration degree in strategic and operations management with a human resources emphasis from the University of Minnesota’s Carlson School of Management. Kara is also a Certified Employee Benefits Specialist.

Ms. Appelbaum is a Principal in the Minneapolis office of McLagan’s Corporate and Consumer Banking Consulting Practice. Gayle brings over 30 years of experience to her clients. Her extensive knowledge of compensation trends and the banking industry coupled with her keen ability to understand each client’s needs enables her to create solutions unique to each situation. She specializes in developing incentive compensation plans that balance short and long-term risk while building shareholder value. Gayle’s expertise encompasses the full spectrum of compensation and benefits issues, including corporate governance, pay-for-performance, risk assessment, taxation, regulatory compliance, and compensation agreement provisions.

In a recent engagement, Gayle helped a $6 Billion dollar bank assess the competitiveness and soundness of its incentive compensation plans. Changes in incentive plan design reduced enterprise risk while also increasing total pay opportunities to a more appropriate competitive level for this high-performing organization. In addition, all incentive plans were evaluated and documented to assure compliance with new rules and regulations.

Her passion for helping business owners led Gayle to founding and operating her own financial planning and consulting firm for 22 years, where she specialized in business planning, executive benefits and estate planning. She later was Founder and Managing Director of Amalfi Consulting, a firm that specialized in compensation consulting for the banking industry. Gayle has also served in an executive role in a leading investment and financial company prior to joining McLagan.

Gayle is a graduate of the University of Minnesota, earning bachelors degrees in business administration and philosophy. She is a Chartered Life Underwriter (CLU) and a Chartered Financial Consultant (ChFC). Gayle has served as an adjunct professor for Minnesota State University’s Certified Financial Planning and certificate program. She is a featured speaker at numerous industry conferences and webinar programs and is a published author of articles pertaining to current and leading edge compensation issues.

Mr. Bean is a Principal of McLagan’s Corporate and Consumer Banking Consulting Practice in our Minneapolis office. In addition to compensation consulting, he also advises clients about matters of board function, best practices, structure, and succession planning.

Jim has over 30 years of executive leadership, operations, and consulting experience. A results-oriented leader, he has conducted six successful turnarounds of troubled businesses. Jim has served in executive roles at public and private companies. He has also served as a director on the boards of both for-profit and not-for-profit organizations. He has consulted to both public and private organizations on executive compensation and benefits as well as management issues.

Prior to joining McLagan, he was Chief Executive Officer of Amalfi Consulting. He was a corporate officer of Clark Consulting, a NYSE company. While at Clark, he was Chief Integration Officer responsible for the integration of 22 acquisitions over a five year period. He also was President of the Banking Practice, the company’s largest business unit. His career experience includes sales and marketing, international product management, human resources, and operations leadership for manufacturing and financial services firms. Past employers include: Mullin Consulting, Management Compensation Group, and Medtronic.

He recently developed and negotiated a total rewards package for the CEO candidate of a large wealth management enterprise. Special consideration was given to restoring lost equity and pension benefits in a tax-effective manner while also providing retention features.

In another assignment, he evaluated the management team and CEO succession plan of a highly successful Midwest private bank. Based on his innovative recommendations, clarity was provided around timing, future roles, and development goals to assure a smooth transition.

Jim has a Bachelor of Arts from the University of Minnesota and has also completed post-graduate coursework in the fields of Industrial and Clinical Psychology. He has been a featured speaker at the Bank Executive & Board Compensation Conference with Bank Director and New York Bankers Association.

Ms. Gerenz is a Vice President of McLagan’s Corporate and Consumer Banking Consulting Practice at our Minneapolis office. She works with clients to design and implement compensation programs that will attract, retain, and reward key talent. Katrina guides clients in their comparison of compensation plans to custom peer groups to identify best practices. She then helps design compensation programs that reflect the client’s strategic objectives, pay philosophy, and culture.

With over 13 years of compensation experience serving the banking and financial services industries, Katrina has successfully advised clients in a wide range of compensation initiatives, including developing compensation philosophies, benchmarking competitive salaries and overall pay packages, and designing annual and long-term incentive plans. She also has expertise in director compensation, executive compensation proxy disclosure, regulatory compliance, and employment and change-in-control agreements. In addition to leading project teams, Katrina provides analytical and project management support for complex client engagements.

Katrina earned a bachelor’s degree in business administration from the University of St. Thomas and a master’s degree in human resources and industrial relations from the University of Minnesota’s Carlson School of Management. She is also a Certified Compensation Professional.

Mr. Leone is a Principal in the Minneapolis office of McLagan’s Corporate and Consumer Banking Consulting Practice An expert in all aspects of compensation, he specializes in addressing complex compensation issues found in larger financial institutions across the country. Todd personally directs all aspects of client engagements to assure that every element of total compensation is aligned with the organization’s strategic goals and is properly balanced for safety and soundness. He also serves as an advisor to compensation committees on multiple compensation and benefits issues, including taxation, regulatory compliance and compensation agreement provisions.

Todd has over twenty years of experience in the financial services industry. Prior to joining McLagan, he was the co-founder of Amalfi Consulting. He was also a Principal with the Bank Compensation Consulting Practice of Clark Consulting. Todd has managed all aspects of compensation consulting on behalf of his clients, including developing overall compensation strategies, structuring salary programs, designing annual and long-term incentive compensation plans, and board remuneration. He has extensive experience designing nonqualified pension and deferred compensation plans, employment agreements, and change-in-control analyses. He has worked closely with the Treasury and other regulatory bodies on behalf of the firm’s clients to gain insight into how new regulations apply to specific client situations.

In recent assignment, Todd helped a $4 billion bank which represents the United States presence of a foreign-owned institution. The bank needed assistance to ensure overall compliance with the Sound Incentive Compensation Policies and also to determine appropriate market-based pay for their commercial business lines. Todd developed the incentive plan audit processes to comply with the regulatory requirements. He also developed a custom market pay instrument to ensure proper benchmarking of the employee group.

In another engagement, Todd advised an $11 billion redesign its executive annual and long-term incentive plans. In addition, the director compensation package was updated to include industry best practices.

A frequent author and seminar presenter, Todd is widely recognized in industry publications and conferences, including the American Bankers Association, Bank Director, Southwestern Graduate School of Banking, Institute of International Bankers, as well as at various state and privately-sponsored industry conferences. He helped pioneer and develop the Bank Executive & Board Compensation Conference with Bank Director---a national conference focused exclusively on the needs of banks.

Todd is a graduate of the University of Minnesota – Institute of Technology, where he earned a bachelor’s degree in mathematics and statistics.

Mr. Richter is a Vice President of McLagan’s Corporate and Consumer Banking Consulting Practice. He directs the Minneapolis office’s research team in the specialized analysis of compensation trends in the financial institution industry. This analysis serves as the basis for many of the firm’s data-driven plan designs and industry presentations. In addition, Chris advises clients about numerous compensation initiatives, including total compensation benchmarking, annual and long-term incentive plan design, and regulatory compliance.

Prior to joining McLagan, Chris designed, implemented and advised on compensation programs in financial institutions, ranging from large commercial lenders to community banks. He also has expertise in compensation survey design, director compensation programs, executive compensation proxy disclosures and incentive plan design alternatives.

He recently co-authored the article “The New Mandate for Compensation Decision-Making” featured in the 2010 Executive Compensation Review published by SNL.

Chris earned a bachelor’s degree from Bethel University in St. Paul, Minnesota, with majors in finance and marketing. He is currently pursuing a Certified Compensation Professional (CCP) designation.

Julie Lewis is a Vice President in McLagan’s executive compensation practice. Her areas of expertise include pay strategy, annual and long term incentive plan design, pay and performance analytics, and program implementation.  Her consulting engagements include:

• Total reward strategies
• Compensation philosophy
• Short- and Long-term incentive plan design and implementation
• Performance management design and implementation
• Performance measurement and scorecard development
• Competitive and performance analysis
  
• Data management tool development and implementation

She has over twenty years experience designing and implementing pay and performance systems and linking executive pay with company objectives and strategies.  Her approach is collaborative, working with internal resources to find the best possible solution that fits the organization’s strategic objectives and culture.  She works closely with her clients to develop incentive and performance programs that serve to support and drive corporate strategies and company and individual performance.  Ms. Lewis has extensive internal and external experience implementing pay and performance systems and works closely with her clients to develop implementation plans and tools to ensure the highest possible success.

Ms. Lewis began her career in financial services.  Her consulting experience includes work as a consultant for Towers Watson (formerly Towers Perrin), Mercer, and leading the compensation practice of a regional consultancy purchased by Wachovia. 

Ms. Lewis has an MBA in Finance and a BBA in Management with a Human Resources Concentration.  She holds minors in Economics and Public Administration.  She is located in New York City.

Adam Barnett is McLagan’s Head of Asset Management. Located in the firm’s Stamford office, Mr. Barnett provides total pay consulting services to investment management organizations, including advisory firms, mutual fund companies, banks, insurance companies, public funds, in-house managers, and hedge funds. Mr. Barnett’s areas of expertise include:

-Designing annual and long-term incentive plans and sales compensation programs

-Conducting sales and financial performance benchmarking studies

-Analyzing competitive pay practices and levels

-Providing counsel about pay and business trends to senior management teams and Boards of Directors.

Mr. Barnett also leads McLagan’s global compensation survey program for investment management organizations. Currently, this program covers investment management staff in 15 countries. In the US, over 300 investment management organizations participate in our surveys, including 49 of the top-50 asset management firms (per Pensions & Investments).

Mr. Barnett joined McLagan in 1994. Before that, he was a consultant in Towers Perrin’s executive compensation practice in New York, the controller of US Marathon Ltd, and a financial analyst at Chemical Bank.

Mr. Barnett received an MBA degree from New York University in 1988 and a BS degree from New York University in 1984.

Rosemarie Chen is the Head of Americas Infrastructure & Support Services for McLagan. With over 12 years of experience in software development, she has managed the design, development, and implementation of several OLTP systems, financial research systems, and web-based trading systems. These efforts reflect positions on both Wall Street and in the Silicon Valley/ San Francisco area. During Rosemarie’s tenure in the technology industry, she has managed projects with Putnam Investments, Deutsche Bank/Scudder Kemper, OLDE Discount Stockbrokers/HR Block, International Business Machines, and American Express, amongst others.

Since joining McLagan, Rosemarie has utilized her technology background to complement the firm’s Technology and Operations Compensation Group. Her most recent efforts have been in the development and expansion of new technology compensation studies.

In addition, Ms. Chen has spoken before the Financial Technology Forum a subsidiary of Institutional Investors.

Rosemarie has also been the lead consultant on Job Evaluation and Role profiling assignments at McLagan. Her efforts have been in working with firms to implement a job profiling structure that can be used across business areas consistently.

Rosemarie holds a BA and an MA in Economics.

Patrick Connell is Head of McLagan’s Corporate and Consumer Banking Consulting Practice. Mr. Connell specializes in consulting to financial services clients including banks, capital markets institutions, financial advisory consulting firms, and government-sponsored enterprises (GSEs). Mr. Connell’s areas of expertise include:

• Advising clients on pay, productivity, staffing and expense control issues

• Designing compensation programs to support client business objectives

• Managing comprehensive compensation and benefits reviews

Mr. Connell joined McLagan in 1996 and has led engagements for major U.S. and foreign institutions, including Bank of America, CitiCards, Consumer Bankers Association, Credit Suisse, Deutsche Bank, Dexia Credit Local, Fannie Mae, Federal Farm Credit Funding Corp., Farm Credit Services of America, Federal Home Loan Bank System, Freddie Mac, Glitnir, Goldman Sachs, JP Morgan Chase, KPMG, Lehman Brothers, MBIA, Morgan Stanley, Nordea, US AgBank and Wachovia both in the U.S. and U.K.

Mr. Connell is a frequent speaker at industry association events sponsored by the Mortgage Banker’s Association, Foreign Bank Forum and Institute of International Bankers, where he is a member of the Professional Liaison Committee.

Mr. Connell received a BS in Industrial and Labor Relations from Cornell University and a MBA in Finance and Accounting from New York University’s Stern School of Business.

Brian Dresch is a Vice President in McLagan’s Global Investment Banking and Private Equity practices, leading these businesses including compensation, benchmarking, consulting, and performance studies. Prior to joining McLagan, Brian spent three years with Greenwich Associates as a Senior Research Associate. His various roles at Greenwich included sales, new business development, client strategy, project management and analysis across Fixed-Income, Equities, Investment Management and Investment Banking.

Mr. Dresch received a B.S. in Marketing from Fairfield University in 2000 and recently completed his MBA in Finance and International Business from the University of Connecticut.

Brian Dunn is the Chairman of McLagan (a subsidiary of Aon Corporation).  He is also the CEO of Global Compensation for Aon Consulting Worldwide.  He specializes in incentive and executive compensation and his current compensation committee relationships include American Capital, Chicago Board Options Exchange, Investment Technology Group, Legg Mason, Ontario Teachers’ Pension Plan, PNC Financial Services, Regions Financial, and Triangle Capital. His former compensation committee relationships include Ameriprise Financial, Honeywell (Allied Signal), Citigroup, Ecolab, Goldman Sachs, Perkin Elmer (EG&G), Grossmans and Timberland.

Prior to joining McLagan Partners in 1998, Mr. Dunn spent 17 years with Towers Perrin in their New York and Hong Kong offices.  At Towers Perrin, Mr. Dunn was one of the firm’s leading executive compensation consultants and advised numerous compensation committees.  In addition, he was a member of the management committee of the Compensation and Human Resources line of business.

Mr. Dunn’s articles have been published in Benefits & Compensation Digest, Chief Executive, American Banker, Personnel, ABA Banking Journal, Bankers Magazine, Compensation Planning Journal, Equities, US Banker, and AsiaBanking.  He has spoken before the American Society of Personnel Administrators (ASPA), the Conference Board, the New York Chamber of Commerce, the Financial Sector Compensation Models Conference, the Overseas Business Council (Tokyo), the U.S. Chamber of Commerce (Hong Kong), the ABA Private Banking Symposium, and the Bank Marketing Association.

Mr. Dunn has been actively involved in shaping the industry’s response to recent regulations of executive pay by providing counsel to both regulators (US Fed, UK FSA) and has served as a special advisor to the Financial Services Roundtable and the International Institute of Finance.  He is currently advising the Office of the Superintendent of Financial Institutions on how to identify risk in incentive plans.

Mr. Dunn received a B.S. degree summa cum laude from the New York State School of Industrial and Labor Relations at Cornell University in 1977 and an M.B.A. with highest honors from the Cornell University Graduate School of Management in 1981.  He is located in Stamford, CT.

Mr. Edelman manages the Corporate Banking compensation program (Foreign Banks, Major & Middle Market Corporate Banking, Equipment Leasing & Finance, and Commercial Finance) including the relationships with many clients across this business segment. Previously, Mr. Edelman served on the Capital Markets team, managing the Institutional Equities compensation survey program. Mr. Edelman also spent two years on assignment in London, where he managed relationships and consulting assignments for global banks. Mr. Edelman’s areas of expertise include:

• Designing compensation programs to support client business objectives within the equipment leasing & finance, commercial finance and corporate banking businesses
• Advising foreign clients in the US and Europe on local market practices/ requirements and harmonizing their compensation approaches with Head Office compensation structure

Mr. Edelman joined McLagan in 2002 and has led engagements for major U.S. and foreign institutions, including Banco Itau, Bank of the West, BNY Mellon, City National, Deutsche Bank, DnB Nor, Everbank, First Tennessee, Hitachi Capital America, Lloyds, NordLB, PNC, Regions, Unicredit and VTB Bank.

Additionally, Mr. Edelman works with a number of industry associations including the ELFA, CFA, IIB, and Foreign Bank HR Forum. He has conducted on ELFA Webinar and presented at the ELFA Human Capital Roundtable and ELFA Annual Convention. Prior to joining McLagan, Mr. Edelman worked at CIBC World Markets as a compensation analyst, and at Pershing, a Division of Donaldson, Lufkin & Jenrette, serving in both the Human Resources and Internal Consulting departments.

Mr. Edelman holds a B.S. from Binghamton University and an M.B.A. from Columbia University.

Shelley Maurutis, a Vice President in the Asset Management practice, manages McLagan’s hedge fund business, which includes over 100 hedge funds (17 of Alpha’s top 20). Her work in the hedge fund industry includes compensation surveys, performance benchmarking studies, market practice studies, incentive plan design work and customized industry research. In addition, she provides compensation and benchmarking consulting services to various investment management firms.

Prior to joining McLagan, Ms. Maurutis spent two years at GE Financial in Norwalk, CT. Ms. Maurutis received a BS degree in Marketing from the University of Connecticut in 2002.

Linda Fagan is the Head of US Asset Management Studies. Ms. Fagan oversees the US compensation survey program for investment management organizations, including advisory firms, mutual fund companies, banks, insurance companies, public funds, and in-house managers.

Ms. Fagan also provides compensation consulting services to investment management organizations.

Ms. Fagan joined McLagan in 1985, working for four years as an Analyst covering the firm’s Capital Markets surveys. Following a two-year leave, when she worked as a product manager for Cole Surveys (a subsidiary of Watson Wyatt) in Boston, she re-joined the Firm in 1991 as the lead manager for McLagan’s Asset Management surveys.

Ms. Fagan received a BS degree from University of Delaware in 1982.

Blake Kerrick is the Head of Banking/Capital Markets at McLagan. In this role, Mr. Kerrick focuses on global compensation surveys and market practices for leading banks and securities firms, regional banks and broker-dealers, and commodity trading firms.

Prior to joining McLagan, Mr. Kerrick was a Vice President at Lehman Brothers. During his nine years at Lehman, his various roles included Fixed Income sales and client strategy. In his last role, Mr. Kerrick worked with senior management in developing and implementing a Fixed Income account management strategy. Prior to joining Lehman Brothers, Mr. Kerrick worked for Greenwich Associates in their Fixed Income and Treasury practice.

Mr. Kerrick received a B.S. from LeMoyne College and is located in the Stamford, CT office.

Peter Keuls is the leader of McLagan’s private client performance and compensation consulting practice serving private banks, high net worth brokerage firms, private client investment managers and retail brokerage firms. In addition, he leads McLagan’s Institutional Equities Performance Monitor business.

He has worked on compensation issues for a range of firms including JP Morgan Private Bank, Citigroup Private Bank, Bank of America, Wachovia Securities, Wachovia Wealth Management, Lloyds Private Bank, Deutsche Bank Private Wealth Management, Banco Santander, Fidelity Investments, Charles Schwab, Merrill Lynch, Morgan Stanley, UBS Financial, and PNC Bank.

Peter has extensive experience with commission and performance-based compensation plans for private bankers as well as for brokers at independent brokerage firms and bank brokerage firms.

Peter Keuls came to McLagan from Merrill Lynch where he was the Director of Marketing Strategy and Planning in the International Private Client Group. His responsibilities included market planning, new product development, pricing and compensation analysis.

Peter Keuls has seven years of experience as a strategy consultant with Gemini Consulting's Financial Services practice where he advised banks globally on strategy and growth issues. He is also the author of the World Wealth Report. Prior to Gemini Consulting, Peter Keuls was a member of Salomon Brothers’ Financial Institutions M&A team in New York and London. He has an MBA from INSEAD in France and a Bachelor of Commerce from Queen's University in Canada.

Rob Merkle is a Vice President in McLagan's Corporate and Consumer Banking Consulting Practice. Mr. Merkle specializes in providing compensation surveys and benchmarking data, and in providing performance analytics and consulting services to super-regional banks and financial firms.

Prior to joining McLagan, Mr. Merkle spent 20 years in the banking and capital markets involved in commercial finance, equipment leasing, securitizations and distressed debt. Most recently, he owned an executive search firm focused on hedge funds, investment and commercial banks.

Mr. Merkle graduated from the University of Notre Dame with a BBA in Finance, and is located in our Stamford office.

Rob Northway, Manager of the Mortgage Banking and Real Estate survey programs at McLagan, advises clients on the design of compensation programs that support business objectives and on market-share and performance issues. He heads McLagan’s annual Residential Mortgage Banking Compensation survey as well as the Commercial Real Estate Survey, sponsored by the Mortgage Bankers Association (MBA). Mr. Northway specializes in consulting to those clients within the mortgage and commercial real estate industry.

Mr. Northway is a member of the Mortgage Bankers Association (MBA) and has presented at the Annual MBA Accounting, Tax and Financial Analysis Conference, and the American Credit Union Mortgage Association annual conference.

Mr. Northway received a B.A. in History from the State University of New York at Albany. Prior to joining McLagan, Rob worked at Towers Perrin, Hewitt Associates Inc, and Principal Financial Group. He is located in the Stamford, CT office.

Tony O’Shea is a Vice President on the Asset Management team. Mr. O’Shea specializes in incentive compensation within both the asset management and insurance industries, and has completed a large number of studies related to sales incentive practices. Currently, Mr. O’Shea oversees a variety of compensation surveys including the Investment Product Sales & Marketing Survey, the Insurance Product Sales & Marketing Survey, the Insurance Brokerage Survey and the Canadian Investment Management Survey.

Prior to joining McLagan in 1998, Mr. O’Shea had worked with The Evergreen Group and Optima Group providing consulting services related to the financial services industry.

Mr. O’Shea received a B.A. degree from Columbia College in 1987 and an M.B.A. degree from The Stern School of Business at New York University in 1993.

M.P.A., Cornell University; B.A. in Economics, SUNY Geneseo.

Warren Rosenstein is a Principal at McLagan. Mr. Rosenstein partners with clients to optimize the value of compensation delivered through reward, staffing and productivity strategy. He has designed solutions for a variety of client needs including pay plan design, organization structure and salary strategies. Mr. Rosenstein works closely with Investment Banking firms of a variety of sizes, ranging from boutiques to global investment banks.

Mr. Rosenstein has authored numerous articles and whitepapers, most recently in the Conference Board Review and The Secured Lender.

Prior to joining McLagan, Mr. Rosenstein was a Vice President at Deutsche Bank, where, in addition to evaluating and implementing a variety of compensation plans and salary programs, he was a recognized industry expert on equity deferral plans. Prior to that, Mr. Rosenstein worked in Human Resources / Compensation at Merrill Lynch.

Mr. Smith is Head of Equities Performance Management for McLagan. In this role, Mr. Smith leads the global suite of surveys covering broker performance benchmarking within the institutional equities business. Mr. Smith has over 10 years of service with McLagan, focused primarily on managing the firm’s widely-used performance/market share survey in the institutional equities business.

Mr. Smith works with managers in institutional equities (sales, trading and research) at all of the firm’s major global and regional clients to provide performance survey products and related consulting.

Mr. Smith received a BA from the College of William & Mary and an MBA from the Kelley School of Business at Indiana University.

Chris Tanana is a Vice President at McLagan. Mr. Tanana manages the Canadian Banking and Capital Market Studies and holds primary client relationship management responsibility for all of the large Canadian Financial Institutions. Mr. Tanana also manages McLagan’s Board Flash and Staffing Benchmark products, global compensation and headcount analyses for large Investment Banks.

Mr. Tanana holds a B.A. in Economics from Bucknell University.

Doris Van Beck is Global Head of Banking/Capital Markets. Ms. Van Beck focuses on global compensation surveys, market practice studies and incentive plan design for leading banks and securities firms. Ms. Van Beck’s areas of expertise include:

• Conducting business and compensation consulting projects, including investment banking productivity analyses

• Designing incentive plans (including long-term incentive plans)

• Analyzing competitive pay practices and levels

• Conducting global staffing analyses

Ms. Van Beck joined McLagan in 1987 after receiving a BA in Economics from the University of Connecticut.