The Ockham Research Team Bios

Christian J. Ward serves as the CEO of Ockham. Mr. Ward's prior experience working with hundreds of independent equity research firms and analyzing their capabilities led him to create Ockham in 2006 with E. Marsh Douthat.

Mr. Ward previously worked as Managing Director at the Bank of New York and as Director of Research for BNY Jaywalk, Inc. He founded Jaywalk Incorporated in 1999 and was acting CEO prior to its acquisition by The Bank of New York in 2002. Mr. Ward was also the architect of the Independent Research Meritocracy™, which was one of the most successful financial research solutions for the fulfillment of the Global Research Analyst Settlement of 2003 by participating broker-dealers.

Prior to BNY Jaywalk, Mr. Ward workedfor The Robinson Humphrey Company in Atlanta, Georgia, as a corporate finance analyst covering primarily the healthcare industry. He also served as an institutional salesman for the soft dollar and electronic trading divisions. Mr. Ward received a B.S. in finance, cum laude, from the University of Florida and has been a frequent speaker at financial conferences on independent financial research, the Global Research Analyst Settlement, and the performance analysis of various investment research methodologies.

Lou Corsetti is a 25-year veteran of Wall Street and the COO of Ockham. He started his career as a Communications Analyst with Merrill Lynch and spent 22 years with Smith Barney/SunTrust Robinson-Humphrey as a senior manager and executive. Over the course of his career, Mr. Corsetti has had many senior level finance positions - most recently as Head of Sun Trust Robinson-Humphrey's Program/Electronic Trading Desk.

Mr. Corsetti also has extensive experience within the technology sector as Chief Information Officer with Sun Trust Robinson Humphrey Capital Markets and Corporate Investment Banking. Mr. Corsetti helped design one of the first electronic trading systems (TRHEX) on the street and has built technology infrastructures for some of the largest trading desks in the country. Mr. Corsetti is a seasoned Sales and Trading professional having managed the Institutional Investment Services desk as well as being named Chief Administrative Officer of Capital Markets.

Mr. Corsetti is very involved in the community having served on the following nonprofit organizations board of directors: United Way, Alexis de Tocqueville Society Member 2003 to present, FreeBytes, Board Member 2001 to 2003, Security Traders Association 1993 to present, Wall Street Telecommunications member 1982 to 1992 - Board Member 1988 to 1990. He also has great enthusiasm and love for Lacrosse and has served as Executive Board Member US Lacrosse 2004-2006, US Lacrosse Youth Council Member 2002 to present, Georgia Lacrosse Foundation 1997 to present, US Lacrosse First Society Member 2002 to present.

Scott Rawson has eighteen years of experience in investment management, starting out as a Financial Consultant with TheRobinson-Humphrey Company before moving to the Trust Department of Wachovia Bank, N.A. in 1993, where he worked for 6½ years as Vice President and Investment Management Advisor. He left Wachovia in 1999, becoming a Vice President and Registered Representative for the Atlanta-based Registered Investment Advisor Capital,Directions, LLC. He has also worked for Atlanta-based Registered Investment Advisors Capstone Investment Group and Financial/Market Management, Inc. before starting Ockham Wealth Advisors, LLC as Managing Director in January of 2008.

Prior to entering the investment management field, Rawson was a Naval Intelligence Officer for almost 7 years, attaining the rank of Lieutenant (O-3). He has a BA in Advertising/Marketing from the University of Georgia (1982) and an MA in National Security Studies from Georgetown University (1989). As a Registered Representative for an RIA, Rawson has passed the Series 65 Exam.

As Senior Vice President of Technology, Bill Greggcreates and supports the web platforms and various other technical applications for Ockham. He has extensive knowledge of databases and web architecture.

Mr. Gregg joined Norfolk Southern and was promoted to Senior Application Developer responsible for designing, creating and supporting various enterprise software applications. Mr. Gregg joined Elite Systems as a Senior Consultant and launched the independent research platform BNY Jaywalk which aggregates and organizes independent financial market research. He was instrumental in the design and implementation of the BNY Jaywalk systems.

In 2006, Mr. Gregg anchored a small development team responsible for launching the new http://www.rentals.com/.
Mr. Gregg graduated Cum Laude from Clemson University with a BS in Math and Computer Sciences in 1996.

Our Senior Vice President of Technology, Rusty Zarse, has over ten years of experience as an information architect and technology manager in the Information Technology industry. His primary focus has been developing high-performance, consumer-facing information portals using Microsoft and open-source technologies.

Mr. Zarse began at HomeCom Communications where he was responsible for the Insurate Insurance Quoting engine and website application. In 1999 he joined Primedia/Consumer Source to develop real estate and automotive listing websites: ApartmentGuide.com, NewHomeGuide.com, AutoGuide.com, RealEstate.com and Rentals.com. Over the years, he contributed as Software Engineer, Solutions Architect, Project Manager and finally Development Manager for Rentals.com. Mr. Zarse initiated and led the corporate adoption of Agile Software methodologies and continues to be a champion of process improvement and technology innovation. He is a local presenter for the Atlanta Microsoft, iPhone and the Agile Software Development community. Most recently, Mr. Zarse held the title of Vice President of Technology for Perfect Wedding Guide/PWGHoldings, a privately held, franchised organization of wedding information services.

Mr Zarse is excited to combine his interest in equity research and investment with his experience and passion for bleeding edge technology and process capabilities to produce unprecedented information access and analysis tools.

Vice President Scott Murtaugh is responsible for product development, marketing, and sales as the Web Content Producer at Ockham. In addition, Murtaugh plays a role in the design and development of the Ockham suite of products with the objective to integrate them in our client's daily workflow. He is also the Principle Website Content Editor.

Prior to becoming part of Ockham, Mr. Murtaugh worked for Marsh & McLennan in Charlotte, NC. He spent over two and half years working primarily as Risk Analyst focused in Commercial Property Insurance. He was responsible for assisting in the design and brokerage of insurance programs for large corporations.

Mr. Murtaugh graduated with a B.A in Real Estate and Risk Management from the Terry School of Business at the University of Georgia (2004).

As Head Equity Analyst at Ockham Research, Ned Douthat is responsible for producing and maintaining equity research content such as equity research reports, The Enterprising Investor's Guide weekly newsletter, and The Razor's Edge daily market commentary blogs. Research and commentary from these sources has been featured in The Wall Street Journal, The Washington Post, The Globe and Mail, Forbes.com, SeekingAlpha.com, RealClearMarkets.com as well as many other investor forums.

Mr. Douthat worked for Financial Market Management Inc. following graduation from college as an investment analyst, and has since joined the Ockham Research team in 2006. He is a Registered Investment Advisor with Series 65 certification. Before starting at FMMI, he earned BA degrees in Business Economics and History from The University of Texas at Austin. .