STEPHEN CASPER is President and Chief Executive Officer of Fischer Francis Trees & Watts, Inc. (FFTW), and has over 20 years of experience in the investment business in the areas of asset management, business development and client service. Mr. Casper joined FFTW in 1990 as Chief Financial Officer. His responsibilities increased over time to encompass global management of the firm's finance, operations, administration, human resources and technology functions, leading to his appointment as Chief Operating Officer in May 2001. In 2003, he also took on global management of the Client Service and Business Development team and became responsible for product development in the areas of alternative investments, structured products and other commingled vehicles.

Before coming to FFTW, Mr. Casper worked for six years with the Rockefeller Family Office, where he was Treasurer. His duties there included managing all investment operations functions and developing commingled investment vehicles, in addition to managing the finance and accounting functions for Rockefeller family members and related institutions. Earlier in his career, Mr. Casper was a sector controller with the Primerica Corporation responsible for the financial control and strategic planning of a group of specialty retailing subsidiaries. Mr. Casper is the President and Director of FFTW Funds, Inc. He also serves on the board of MarketAxess Holdings, Inc. as both Director and Chairman of the Audit Committee and is a member of the Investment Committee of the Brooklyn Museum of Art. He is also a Certified Public Accountant.