MARC TRAGER 15 Flintlock Road * Sharon, Massachusetts 02067 781-784-9013 * mt253502@westpost.

net SENIOR MANAGEMENT Securities Lending Trading Dynamic, results-driven senior management professional with extensive experience leading securities lending and operational groups for the financial services in dustry. Addresses day-to-day issues, risks and deliverables management of highly visible and time sensitive operations within the securities lending practice. I mplements and oversees the administration of 3rd party lending programs. Ensures compliance with the Securities Lending policies and procedures, internal contro l requirements and market-specific regulatory requirements. Improves efficiency and productivity through the effective use of resources. Designs process improve ments and supervises change, maximizing profits for clients and the organization while enhancing the corporate image. Leadership * Securities Lending / Operations * Strategic Business Planning * Bu siness Development Risk Management * Project Management * Process / Procedure Redevelopment Cross Functional Team Management * Training * Fund Accounting Cash Management * Corporate Actions * Compliance Oversight PROFESSIONAL EXPERIENCE FIDELITY PRICING AND CASH MANAGEMENT SERVICES, Boston, Massachusetts * 1996-2009 Provider of accounting and investment management support services to Fidelity m utual funds. Manager-Directed Securities Lending Program (2004-2009) Participated in daily conference calls with the traders in Merrimack, New Hampsh ire and Boston to discuss brokers' securities requests and the desired rates for each loan. Partnered in the automation project for the Direct Lending program, collaborating in the design, and acting as the subject matter expert. Interfaced with system developers in India and tested the latest releases. Performed end-o f-the-day investment reconciliations with broker balances. Major Achievements: * Improved efficiencies and controls by collaborating in the design of an automa ted lending system for the Direct Lending Program. * Increased revenue 20% by strategically adding new markets and borrowers to exi sting business. * Led team that ranked as one of the highest in the Gallup employee survey that measured employee satisfaction. * Communicated relevant market events encountered through lending to the Fidelit y Funds' Equity Trading Desk. * Produced semi annual management reports for the Fidelity Funds' Treasurer's of fice, detailing the revenue generated for the Funds in preparation for reporting to the Board of Trustees of the lending funds. continued... MARC TRAGER * Page 2 * mt253502@westpost.net

Third Party Securities Lending Operations Manager (1996-2004) Directed the 3rd Party Securities Lending operations support team in fund accoun ting, cash management, corporate actions, compliance oversight, and treasurer's office communication. Addressed operational, billing and oversight issues, as we ll as inquiries from the Treasurer's office and senior management. Major Achievements: * Served as a member of Steering Committee for third party lending initiatives. * Developed and implemented the third party securities lending program, incorpor ating assets at five separate custodian banks. * Managed team conversion from an operations to and oversight group, ensuring th at 3rd party lenders executed their lending program as per company guidelines. * Increased staff commitment and achieved high marks on the internal Gallup surv ey by facilitating strategic cross training for members of the 3rd party oversig ht group, facilitating staff development, while mitigating risk. Career Note: Career gap during 1995 was caused by my decision to not move to Pit tsburgh after the Boston Company acquisition by Mellon Bank due to my father's i llness. BOSTON COMPANY, Boston, Massachusetts * 1986-1994 A global performance-driven investment management firm. Vice President, Boston Company Advisors (BCA) Drove all aspects of the BCA 40 ACT Fund securities lending program development and start-up. Cooperated with various broker counter parties in the lending of s ecurities. Major Achievements: * Built the Mutual Fund Lending Program from a start-up to $100M on loan within 6 months. * Developed incremental income through securities lending for these funds and th eir shareholders. ADDITIONAL POSITIONS BOSTON SAFE DEPOSIT AND TRUST COMPANY, Boston, Massachusetts Vice President Increased existing lending desk business with the addition of fixed income and f oreign lending. * Served as Senior Government Trader for the Bank's securities lending product, executing $10B+ in transactions daily. * Supervised a 10-member trading staff responsible for all U.S. lending. * Boosted lending balance from $1 billion to $16 billion. * Stimulated new business with the success of the lending program, attracting la rge pension and trust accounts to the bank.

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FIDELITY SERVICE COMPANY, Boston, Massachusetts Supervisor Grew revenues by developing the lending program with the addition of new funds a nd more brokers. Fund Operations * Processed all trades for the Fidelity group of mutual funds. * Ensured that all trades were settled properly. * Managed all corporate actions as well as income collection activity. Security Lending * Managed the lending of assets from various funds in the Fidelity Group. * Increased borrowing brokers from 2 to 6. Fund Accounting * Successfully processed daily accounting, N.A.V. calculations, quarterly and an nual reports and portfolio reconciliation. * Developed procedures that ensured audits were completed on a timely basis.

EDUCATION Bachelor of Science in Accounting Boston College, Chestnut Hill, Massachusetts

AFFILIATIONS Securities Lending Traders' Network