Brown Advisory Securities LLC

Nancy I. Denney is the Chief Compliance Officer for Brown Advisory Holdings Incorporated where she is responsible for the compliance program for the Trust Company and advisory businesses. Prior to joining Brown Advisory in 2008, Ms. Denney served as Chief Compliance Officer and Operations Manager for Alex. Brown Investment Management (ABIM). Prior to joining ABIM in 1988, she worked for Alex. Brown & Sons, Inc. in operations.

Christopher A. Berrier is a partner of Brown Advisory and has been co-lead portfolio manager of the Small-Cap Growth Fund since joining the firm in September 2005. Prior to joining the firm, Mr. Berrier was a senior equity analyst at T. Rowe Price, covering multiple sectors with a primary focus on small- and mid-capitalization growth companies across several mutual funds.

Geoffrey R.B. Carey, CFA is a Partner at Brown Advisory, a Senior Portfolio Manager and member of the firm's Investment Committee. Prior to joining Brown Advisory Mr. Carey spent over seven years with J.P. Morgan Investment Management, most recently as Vice President and Portfolio Manager in Geneva, Switzerland where he was responsible for global investment portfolios for non-U.S. clients. While at Morgan, he managed the Firm's U.S. large cap equity exposure for its overseas offices.

M. Gwen Davidson,a Partner of Brown Advisory, is a portfolio manager focusing on high net worth clients. Prior to joining Brown Advisory in 1999, she was a principal in the Private Client Division at DB Alex. Brown where she had worked as a portfolio manager since 1982.

Paul Corbin is a Partner and Director of Fixed Income Management at Brown Advisory. Mr. Corbin is responsible for developing fixed income strategy. In addition, he manages taxable and tax-free fixed income portfolios as well as the firm's Intermediate Income Fund. Prior to joining Brown Advisory, he served as the Senior Vice President in charge of Fixed Income Portfolio Management at First Maryland Asset Management.

Paul J. Chew, CFA is a Partner of Brown Advisory and Head of Investment Strategies. He is responsible for leading the investment teams managing our equity and fixed income strategies. Mr. Chew also serves as the firm's Technology analyst. While completing his M.B.A. at the Fuqua School of Business at Duke University, he worked as a research associate for a finance professor specializing in asset allocation. Prior to business school, he was a cash manager in the International Asset Management Department at J.P. Morgan & Company.

Mr. Dumais is a Partner and Head of High Net Worth Business for Brown Advisory. Prior to joining Brown Advisory in 1996, he was a Partner with the firm of Stewart, Plant & Blumenthal in Baltimore, where his practice was concentrated in estate and charitable planning for wealthy families, and estate and trust administration. Before joining S,P&B, Mr. Dumais had been a member of the Trust and Estate Practice Group at Piper & Marbury for ten years. He is a member of both the Maryland and the District of Columbia Bar Associations.

Richard M. Bernstein, CFA, is a Partner at Brown Advisory and the lead manager of the Value Equity Fund. Mr. Bernstein also manages equity and balanced portfolios for institutional and high net worth clients. Prior to joining Brown Advisory, Mr. Bernstein was Vice President and Director of Research at Mercantile-Safe Deposit & Trust Company where he was responsible for equity fund management and research. He served as President of the Baltimore Security Analysts Society in 1990-1991.

Susan L. Craib is a Partner and Senior Portfolio Manager for Brown Advisory. Before joining the firm in June 2003, she worked in the investment field for over thirty years as a portfolio manager at Bank of America Corp in Washington, DC, Citibank in New York, and Wachovia in North Carolina. She is a former board member of the Goose Creek Scenic River Advisory Board. Ms. Craib is a Chartered Financial Analyst.

Timothy W. Hathaway, CFA is a Partner of Brown Advisory and co-lead portfolio manager of the Small-Cap Growth mutual fund and high-net-worth separate accounts. Previously, he was a research analyst with the Large-Cap Equity team and was responsible for research in the Consumer Discretionary and Energy sectors. He has 13 years of investment industry experience.

Mr. Behrens is a Partner and Portfolio Manager for Brown Advisory's Flexible Value strategy and currently oversees a variety of portfolios for institutional clients and high net worth individuals. Prior to joining the firm, Mr. Behrens was a co-President and a Portfolio Manager for Alex. Brown Investment Management. Mr. Behrens also served as a Portfolio Manager and Research Analyst for Corbyn Associates, Investment Counselors of Maryland, and Citibank. Mr. Behrens is a Chartered Financial Analyst.

Mr. Brown is a Partner and Portfolio Manager for Brown Advisory's Flexible Value strategy. Prior to joining the firm, Mr. Brown founded Alex. Brown Investment Management in 1974 and managed portfolios for high-net-worth individuals and institutions. He was also a member of the Research and Investment Advisory Department of the Baltimore-based investment firm, Robert Garrett & Sons from 1967 to 1974. Mr. Brown served as an officer in the U.S. Navy from 1962 to 1966.

Theresa K. Balaran is a Portfolio Manager with Brown Advisory and works in the Bethesda office. For more than 20 years, she has worked with individuals and families in delivering solutions-oriented advice to help them meet their investment and financial goals. Previously, from 1999-2009 Ms. Balaran was Managing Director at FBR Private Wealth where she served as investment advisor to a number of Washington, DC-area private investors, families and their philanthropies. From 1996-95 she served as Managing Director Client Services for Potomac Asset Management in Bethesda , Maryland . Throughout 1995 she was a financial services consultant whose clients included the World Bank in Washington , DC where she assisted the Pension investment team evaluate global portfolio risk. From 1984-94 Ms. Balaran worked for Sanford C. Bernstein & Co. in New York in a variety of positions ranging from Manager of Corporate Communications, Senior Associate in the Private Client Services group, and a Manager with the Pension Services team.

John B. Bisson, Jr.,CFA is the firm's Quantitative Analyst. He is responsible for portfolio analytics and the firm's composites. Prior to Brown Advisory he was an Account Executive at Morgan Stanley. While attending business school he worked in the managed risk group of an investment bank.

Mr. Barnett is a Vice President and Investment Analyst for ABIM. Prior to joining the firm in 2005, he was an analyst for Hovde Capital Advisors and CFRA. Mr. Barnett also worked as a sell-side analyst covering Hungarian stocks for Raiffeisen Zentralbank in Budapest. In 2001, he spent a summer internship as a high yield bond analyst at Fidelity Management and Research. Mr. Barnett earned his B.B.A. in accounting from University of Georgia in 1996 and his M.B.A. from Columbia Business School in 2002. Mr. Barnett is a Chartered Financial Analyst.