Board of Directors

Daniel G. Cohen

Thomas Costello

G. Steven Dawson

Jack J. DiMaio, Jr.

Jack Haraburda

Diana Louise Liberto

James J. McEntee III

Neil S. Subin

Daniel G. Cohen has served as Vice Chairman of the Board of Directors since September 24, 2013 and as President and Chief Executive of the Company’s European operations since September 17, 2013. He also served as chief executive officer and chief investment officer of Institutional Financial Market Inc. from December 2009 to September 2013, as the chairman of the board of directors since October 2006, and as the executive chairman of the Company from October 2006 through December 2009. In addition, at the Company’s majority owned subsidiary, Cohen & Company, Mr. Cohen has served as the chairman of the board of managers since 2001, as the chief investment officer since October 2008, and as chief executive officer since December 2009. Mr. Cohen was also the chief executive officer of Cohen & Company and its subsidiary, Cohen & Company Securities, LLC, a securities brokerage firm, from September 2001 until February 2006. He previously served as chief executive officer of RAIT Financial Trust (NYSE: RAS), a real estate finance company focused on the commercial real estate industry, from December 2006 when it merged with Taberna Realty Finance Trust to February 2009, and served as a trustee from the date RAIT acquired Taberna until his resignation from that position in February 2010. Mr. Cohen was chairman of the board of trustees of Taberna Realty Finance Trust from its inception in March 2005 until December 2006 and its chief executive officer from March 2005 to December 2006. From 1998 to 2000, Mr. Cohen served as the chief operating officer of Resource America Inc., a publicly traded asset management company with interests in energy, real estate, and financial services. Mr. Cohen is currently a director of Star Asia, a joint venture investing in Asian commercial real estate. Mr. Cohen served as a director of Muni Funding Company of America, LLC, a company investing in middle-market non-profit organizations until it merged with Tiptree Financial Partners, LP in June 2011. Since 2000, Mr. Cohen has been the chairman of the board of directors of The Bancorp, Inc. (NASDAQ-GS: TBBK), a holding company for The Bancorp Bank, which provides various commercial and retail banking products and services to small and mid-size businesses and their principals in the United States. He also served as the chairman of the board of Dekania Acquisition Corp, a publicly held business combination company focused on acquiring businesses that operate within the insurance industry, from its inception in February 2006 until December 2006, and remained a director of Dekania Acquisition Corp until its liquidation in February 2009. Mr. Cohen served as a member of the board of directors of TRM Corporation, a publicly held consumer services company, from 2000 to September 2006 and as its chairman from 2003 to September 2006. From 1997 to 1999, Mr. Cohen was a director of Jefferson Bank of Pennsylvania, a commercial bank acquired by Hudson United Bancorp in 1999. Mr. Cohen is a member of the Academy of the University of Pennsylvania, a member of the Visiting Committees for the Humanities and a member of the Paris Center of the University of Chicago. Mr. Cohen is also a trustee of the List College Board of the Jewish Theological Seminary, a trustee of the American Academy in Rome, and a trustee of the Arete Foundation.
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Thomas P. Costello has served as Institutional Financial Market Inc.’s director since October 2006 and is currently chairman of the audit committee. Mr. Costello also serves as a member of the nominating and corporate governance committee. Mr. Costello served as a trustee and chairman of the audit committee of AFT’s board of trustees from January 2006 until Sunset’s merger with AFT. Mr. Costello served as a director for KPMG LLP from 2002 to 2004. Prior to that, he was employed at Arthur Andersen LLP for 35 years, including serving as national practice director from 1996 to 2002, where he was responsible for the accounting and audit practices of the Arthur Andersen offices in the southeast region of the United States. From 1985 to 1996, he served as partner in charge of the accounting and audit practice in Arthur Andersen’s Philadelphia office. Prior to that, he acted as engagement partner where he served clients in numerous industries and worked with both large multinational and small and mid-sized public companies. From December 2006 to February 2011, Mr. Costello served on the board of directors, and was the chairman of the audit committee, of Advanta Corp., a Pennsylvania-based financial services company that is in the process of liquidation. Mr. Costello also is a member of the board of trustees of Thomas Jefferson University Hospital. Mr. Costello is a Certified Public Accountant.
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G. Steven Dawson has served as Institutional Financial Market Inc.’s director since January 2005 and currently serves as the chairman of the nominating and corporate governance committee and as a member of the audit committee. Mr. Dawson was previously a member of the compensation committee and nominating and corporate governance committee for Sunset Financial Resources, Inc. and was also the chairman of Sunset’s special committee in connection with Sunset’s merger with AFT. Mr. Dawson is a private investor and in addition to his current board activities noted above, he has, from time to time, served on the boards of other public and private companies. He currently serves on the board of directors of Medical Properties Trust (NYSE: MPW), a Birmingham, Alabama-based REIT specializing in the ownership of acute care facilities and related medical properties (chairman of the audit committee) and American Campus Communities (NYSE: ACC), an Austin-based equity REIT focused on student housing (chairman of the audit committee; member of the compensation committee). From 1990 to 2003, Mr. Dawson served as chief financial officer of Camden Property Trust and its predecessors, a multi-family REIT based in Houston with apartment operations, construction and development activities throughout the United States.
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Jack J. DiMaio, Jr. has served as Chairman of Institutional Financial Market Inc.’s Board of Directors since September 24, 2013. Mr. DiMaio is the CEO and founder of Mead Park. Prior to founding Mead Park, Mr. DiMaio was a Managing Director and Global Head of Interest Rate, Credit and Currency Trading of Morgan Stanley as well as a member of the firm’s Management Committee. Prior to joining Morgan Stanley, Mr. DiMaio co-founded DiMaio Ahmad Capital LLC and served as CEO and Managing Partner. Before starting DiMaio Ahmad Capital, Mr. DiMaio was a Managing Director and Head of the Diversified Credit Hedge Fund Group at Credit Suisse Alternative Capital, Inc. He was also an Executive Board Member of Credit Suisse Securities (USA), Inc. Prior to that, he was CEO of Alternative Investments at Credit Suisse Asset Management. Mr. DiMaio joined Credit Suisse in 1989 and after completing its sales and trading program, he joined its credit research group. In 1990, he joined the Credit Suisse corporate bond trading desk where he was appointed Head Trader in 1995 and Department Head in 1996. At the end of 1997, he was appointed Head of Credit Suisse Global Credit Trading. In 2000, he was responsible for the entire Global Credit Products Cluster and named Head of Fixed Income Division North America. Mr. DiMaio holds a B.S. in Finance from New York Institute of Technology.
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Diana L. Liberto, Esq., is a graduate of the Rutgers University School of Law, having earned a JD degree with honors. After clerking for a United States District Court Judge from September 1991 to September 1992, she worked with a law firm in Philadelphia, Pennsylvania. Ms. Liberto then joined the office of the General Counsel of Wal-Mart Stores, Inc., serving in various capacities from 2004 until October 2015, including an interim assignment in Wal-Mart India. In October 2015, Ms. Liberto became the Chief Executive Officer of WalkMyMind, Inc., a corporate and personal wellness company headquartered in Philadelphia, Pennsylvania. She also serves on the advisory board of J3Personica, a medical education selection and assessment start-up.
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Jack Haraburda has served as Institutional Financial Market Inc.’s director, a member of the nominating and corporate governance committee (except for a seven month period in 2010) and the chairman of the compensation committee since October 2006. Mr. Haraburda served as a trustee and chairman of the compensation committee of AFT’s board of trustees from January 2006 until Sunset’s merger with AFT. Mr. Haraburda is the managing partner of CJH Securities Information Group, a professional coaching business. Mr. Haraburda served as managing director for the Philadelphia complex of Merrill Lynch, Pierce, Fenner & Smith Incorporated from 2003 to 2005. He has also served in various positions at Merrill Lynch from 1984 until 2003, including as managing director of Merrill Lynch’s Princeton complex, resident vice president of Merrill Lynch’s Philadelphia main line complex, marketing director and national sales manager of Merrill Lynch Life Agency and chairman of Merrill Lynch Metals Company. From 1980 to 1984, he was managing director of Comark Securities, a government securities dealer. From 1968 until 1980, he served as a financial advisor, national sales manager for the Commodity Division, manager of the Atlanta Commodity Office and the Bala Cynwyd office of Merrill Lynch.
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James J. McEntee III has been a director of The Bancorp (TBBK) since September 2000, has been a director of T-REX Group (a privately held company that provides a comprehensive financial services platform focused on renewable energy assets) since October 2014, and has served as the Chief Financial Officer and a director of Fintech Acquisition Corp (FNTC) since January 2015. Mr. McEntee was the Chief Executive Officer of Alesco Financial, Inc. from the date of its incorporation in 2006 until its merger with Cohen & Company, Inc. in December 2009 and was the Chief Operating Officer of Cohen & Company from March 2003 until December 2009, and was a managing director of Cohen & Company (formerly Cohen & Company, Inc.) and was the Vice-Chairman and Co-Chief Operating Officer of PrinceRidge through October 2013. Mr. McEntee was a principal in Harron Capital, L.P., a media and communications venture capital fund, from 1999 to September 2002. From 1990 through 1999, Mr. McEntee was a stockholder at Lamb McErlane, PC, a law firm, and from 2000 until 2004 was of counsel to Lamb McErlane. Mr. McEntee was previously a director of Pegasus Communications Corporation, a publicly held provider of communications and other services, and of several other private companies.
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Neil S. Subin has served as Institutional Financial Market Inc.’s director since February 2011. Mr. Subin also serves as a member of the audit committee, the compensation committee, and the investment committee. He has been chairman of the board of Broadbill Investment Partners, LP, a private investment fund, since 2011. Mr. Subin founded and has been the managing director and president of Trendex Capital Management, a private investment fund focusing primarily on financially distressed companies, since its formation in 1991. Prior to forming Trendex Capital, Mr. Subin was a private investor from 1988 to 1991 and was an associate with Oppenheimer & Co. from 1986 to 1988. Mr. Subin has served as a director of Phosphate Holdings, Inc. (OTC: PHOS) since November 2010, as a director of Hancock Fabrics, Inc. (OTC: HKFI) since August 2009, as a director of Primus Telecommunications Group, Inc. (NYSE: PTGI) since July 2009, and as a director of Federal-Mogul Corporation (NASDAQ-GS: FDML) since December 2007. Mr. Subin served as a director of Movie Gallery, Inc. from May 2008 to December 2010 and a director of FiberTower Corporation (OTC: FTWRQ) from December 2001 to December 2009.
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