Gem Group Inc.

Julio Marquez is a Managing Director of Global Emerging Markets, and President of GEM Advisors, Inc. where he oversees GEM's financial advisory business, and personally specializing in Latin America and the US Hispanic market. At GEM, he has overseen the completion of advisory transactions and fund investments exceeding $1 billion in aggregate value. Prior to joining GEM in 1999, he was a senior banker and Director of Analytics at Violy, Byorum & Partners, a leading Latin American M&A firm. Mr. Marquez has 15 years of experience in international M&A, having previously worked at Wasserstein Perella Group, Citibank and Morgan Stanley & Co. He holds an MBA from Harvard Business School, an MS in systems engineering with honors from the University of Pennsylvania and a BS in civil engineering from the Massachusetts Institute of Technology.

Arun Ganguly is a Managing Director of Global Emerging Markets North America Inc. (GEM) and is a partner of GEM / ATREUS Advisors the third party marketing and distribution arm of GEM. Arun is the co-founder of Graystone Capital Advisors, a New York based investment advisory firm that advises Fortune 500 and Global 1000 businesses. Arun was formerly the VP of Business Development for inshop.com. He has also worked with the co-founder of the Carlyle Group, Steve Norris in doing business development US, Middle East and Europe. Arun is also a Managing Member of the Ganguly Investment Group a family partnership focused on real estate and private equity investments globally.

Michael Fitzsimmons is a Managing Director of Global Emerging Markets North America Inc. (GEM) and the founding partner of GEM / ATREUS Advisors the third party marketing and distribution arm of GEM. Michael started his career at Shearson American Express in 1985 and later was Senior Institutional Sales in charge of hedge fund sales at Volpe Wetly. Michael then was founding and managing partner of hedge fund Lodestone Capital, a long/short investment partnership focused on U.S growth equities, until 2001. From 2001 until 2004 Michael founded and was active partner in SFO Trading, an electronic trading platform geared towards providing liquidity to hedge funds in most markets. Michael has extensive experience in the capital raising arena from his start at Lodestone and has worked with a number of emerging managers in developing marketing strategies and fundraising efforts.

Glauco Verdoia has had a successful and varied 20-year career and is now CEO of recently formed GEM Ukraine. He focuses on alternative investments, specialty finance, debt restructuring, and multi-lateral international development projects. Previous to his role at GEM he held executive roles at Di Veroli Developers & Construction Group in Rome and in the past 10 years acquired and successfully exited three companies where he held CEO and Board roles. Prior to this he was a Director with the International Trade Consortium (ITC) in Australia, a Project Leader in for a packaged-food plant in China, and a Infrastructure and Public Construction specialist with France based Fawt Enterprises where he specialized projects across Africa and Latin America. In addition he has been involved with The Atlantic Committee (NATO), University La Sapienza of Rome, and The Italian National Research Council. Claudio holds a JD with a focus on International Contract Law from Turin State University in Italy.

More recently, Harpal has also been a founding partner of Sabre Capital Worldwide, a firm that makes influential investments in Financial Services Businesses in growth economies and manages the investee businesses. Sabre's first investment was a $70M investment in Centurion Bank in India (www.centurionbop.co.in). Subsequently, Centurion Bank merged with Bank of Punjab to create the 6th largest private bank in India. It has now announced plans to acquire and merge with Lord Krishna Bank. In addition, Sabre has a 50/50 JV Asset Management Company with Fullerton Fund Management, a wholly owned subsidiary of Temasek (www.lotusindiaams.com). This JV has recently launched and started investing in a Long/Short fund for India in partnership with Abraaj Capital. In addition, Sabre has recently acquired a strategic position in First City Monument Bank (www.firstcitygroup.com/newfcmb/index.asp) in Nigeria. Sabre will be involved in the strategic and operational management of this bank. Following this, Sabre has launched an African Financial Services Fund (www.sabreafrica.com) to invest in banks and other financial institutions in Africa. GEM also has an Indian Private Equity Fund (GEM India Advisors) that invests in Consumer Related Businesses. Harpal was also one of the earliest investors in the Indian Business Services Industry and has owned companies in IT, ITES, Call Centres and BPO. In the Middle East, GEM has a joint-venture with VC Bank in Bahrain under which it jointly manages a $250M Islamic Private Equity Fund. In Asia, GEM has a joint venture with CITIC, called CITIC-GEM for the resources sector. Other than private equity, GEM is involved in the Real Estate Development business and currently has operations in several countries including Central Europe (www.crestyl.com), Russia, India (www.thewiregroup.net) and the Middle East (www.fugenhomes.com). Harpal is a member of the YPO (www.ypo.org) and has served as Chairman of its London Westminster Chapter. He is also a Founder Director of TiE UK (www.tie-uk.org and www.tie.org).