Grand-Jean Capital Management - Professional Biographies

PROFESSIONAL BIOGRAPHIES

Steven Grand-Jean, President

Steve practiced corporate and securities law in Chicago from 1967–69. He then joined Salomon Brothers as an associate in investment banking, becoming a general partner in 1979 and a managing director in 1981. He specialized in mergers and debt and equity capital raising. He left Salomon Brothers and joined Montgomery Securities in 1988 where he served as a general partner in charge of mergers and acquisitions. Steve has a BA from Stanford University and an LLB from Harvard Law School.

John Emery Smyth, Senior Vice President

John has spent ten years in the securities industry. From 2001 thru 2006, he has served both high-net-worth families and institutions as a Vice President in Morgan Stanley’s Global Wealth Management Group in Boston and San Francisco. Mr. Smyth holds a BA in Political Science from Northwestern University in Evanston, Illinois.


Company Overview Investment Philosophy Investment Process Services Professional Biographies	PROFESSIONAL BIOGRAPHIES Steven Grand-Jean, President Steve practiced corporate and securities law in Chicago from 1967–69. He then joined Salomon Brothers as an associate in investment banking, becoming a general partner in 1979 and a managing director in 1981. He specialized in mergers and debt and equity capital raising. He left Salomon Brothers and joined Montgomery Securities in 1988 where he served as a general partner in charge of mergers and acquisitions. Steve has a BA from Stanford University and an LLB from Harvard Law School. John Emery Smyth, Senior Vice President John has spent ten years in the securities industry. From 2001 thru 2006, he has served both high-net-worth families and institutions as a Vice President in Morgan Stanley’s Global Wealth Management Group in Boston and San Francisco. Mr. Smyth holds a BA in Political Science from Northwestern University in Evanston, Illinois.

One Market - Steuart Tower Suite 2600 San Francisco, CA 94105 415-512-5430	All equity investing entails risk of loss. Grand-Jean Capital Management, Inc. cannot assure any potential client that it will achieve the investment objectives or returns comparable to the historical returns discussed in these materials. In addition, the material in this web site includes forward looking statements based on the firm’s experience and expectations about the securities markets. Those statements are sometimes indicated by words such as “expects,” “believes,” “seeks,” “may,” “intends,” “attempts,” “will,” and similar expressions. The forward looking statements are not guarantees of future performance and are subject to many risks, uncertainties and assumptions that are difficult to predict. Therefore, actual investment returns could differ materially and adversely from those expressed or implied in any forward looking statements. The firm undertakes no obligation to revise or update any forward looking statements for any reason. All contents ©2005 Grand-Jean Capital Management, Inc.