JOHN W.

O'BRIEN
Inscripto Electronica: obrien@jwobrien.com
OBJECTIVE

An opportunity to help create and grow a meaningful business enterprise. Identifying needs, developing innovative solutions, devising and implementing marketing strategies, and growing value and revenues through vigorous business development is my passion and proven strength.
ACCOMPLISHMENTS

Credit Suisse Asset Management (CSAM)

1997 to Present

Structured, staffed and managed (Managing Director) the first Client Service Group for this multi-billion dollar asset management company. Conceived, organized and managed CSAMs first Global Client Investment Management Conference. In mid-1999, I was asked to investigate, propose an implementation plan, and manage CSAMs entry into e-commerce. This activity was introduced to the market in March 2000. Leland O'Brien Rubinstein Associates, Incorporated ("LOR") 1981 to 1997

Founded LOR with U.C. Berkeley Professors Hayne Leland and Mark Rubinstein. As Chairman and CEO, developed LOR from startup to one of the most innovative firms in the financial services industry.

Created "CountryBaskets" The first set of international, equity, open-end, traded, index mutual funds. Sold CountryBaskets to Deutsche Bank (retaining royalties) and assisted them to introduce a $300 million CountryBasket IPO (1996). CountryBaskets were traded on the NYSE. Later, DeutscheBank dropped the product for internal conflict reasons. CountryBaskets led to Morgan Stanleys World Equity Baskets (WEBS). Created "SuperTrust" The first open-end, traded, multiple-share-class mutual fund. Marketed one billion-dollar SuperTrust IPO (1992). SuperTrust units were traded on the AMEX. The units could be separated into option-like SuperShares that were traded on the CBOE. Later, the SuperTrusts equity units were squeezed-out of the market by the AMEXs own copy-cat product S&P Depository Rights (SPDRs"). The SuperTrust construction was suggested by Hakkensons Super Fund concept. Served as President of "Capital Markets Fund", the mutual fund that held the asset portfolios that collateralized the SuperTrust. SuperTrust and the Capital Markets Fund is the subject of a Harvard Business School case study (available upon request). Created the first public "portfolio insurance" mutual fund for Merrill Lynch (The Growth & Guarantee Fund), and assisted them in its $230 million IPO (1987). Created the first institutional equity risk hedging business, using stock index options and futures, and built it to a level of five billion dollars in direct management, and 45 billion dollars under license (1984 to 1987). This development is the subject of another Harvard Business School case study (also available upon request). Introduced the first technology to replicate put option protection on equity portfolios using dynamic hedging between equities and U.S. treasury bills. This technology predated stock index futures and options. Built this "cash securities" hedging business to 150 million dollars (1981 to 1984).

= = =

JOHN W. O'BRIEN
Page 2 of 2

A.G. Becker Funds Evaluation Group (now SEI Investment, Inc.)

1975 to 1980

Created Becker's pension investment management structuring and selection business. Introduced the first asset/liability simulation modeling services in the pension industry. Created the first commercial S&P 500 Index Fund management software for First Chicago (1978). Becker became the premier name in pension consulting. Later this business was sold to SEI Corporation O'Brien Associated, Inc. (now Wilshire Associates, Inc.) 1972 to 1975

Co-founded the company and served as Chairman and CEO. Introduced modern portfolio theory and analytical risk management into the purely "Graham and Dodd" investment industry of the time. Created first "beta" book of individual stock systematic risk; the first risk-adjusted investment performance measurement service, and the first Monte Carlo simulation of multiasset-class return distributions for pension policy analysis. Co-creator of the O'Brien 5000 Stock Index after selling the company, the Index was re-named the Wilshire 5000 (to my regret). Jas. H. Oliphant & Co. (Member New York Stock Exchange) Director, Analytical Services Division. Synergetic Sciences Incorporated Director, Investment Services Practice Planning Research Corporation ("PRC") Senior Associate, Military Systems Analysis. United States Air Force 1st Lieutenant, Airborne Electronics Systems Maintenance
HONORS

1969 to 1972

1967 to 1969

1962 to 1967

1958 to 1962

"Graham and Dodd" Award, Financial Analysts Federation "Men of the Year" (1987), Fortune Magazine Advisory Board, International Association of Financial Engineers Advisory Board, Journal of Derivatives "Who's Who in Business and Finance" "Who's Who in America"
EDUCATION

Massachusetts Institute of Technology, Cambridge, MA SB, Economics and Engineering (Electrical) University of California, Los Angeles, CA MS, Engineering (Operation Research)