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> Thomas W. Jasper
   (Chief Executive Officer)


> Malcolm P. Basing
   (Chairman, Primus U.K.)


> Richard Claiden
   (Chief Financial Officer)

> Charles McLendon
   (President, Primus Asset Management)

> Howard S. Yaruss
   (General Counsel)

Thomas W. Jasper
Chief Executive Officer

Thomas W. Jasper is the Chief Executive Officer of Primus Financial Products, LLC and affiliates. Prior to joining Primus Financial, Mr. Jasper served for 17 years as a key executive of Salomon Smith Barney Holdings, Inc.

In 1982, Mr. Jasper created Salomon’s interest rate swap business, which became a major profit center with annual revenues in excess of $125 million. As Managing Director and Head of Interest Rate Swaps, Mr. Jasper established the credit, risk management, and support necessary to control the business and positioned Salomon as a major force and leader in the swap market. While at Salomon, in 1984 Mr. Jasper founded ISDA, served as its first Co-Chairman, and worked to establish ISDA as the world’s preeminent swap association. From 1988 to 1990, Mr. Jasper served as Managing Director and Head of Debt Capital Markets at Salomon. In this capacity, he originated debt issues exceeding $100 billion per annum. In 1990, Mr. Jasper began to build Salomon’s Asian investment banking team, moved to Hong Kong in 1992, and became the Chief Operating Officer, Asia Pacific Region, in 1994. As Chief Operating Officer of Salomon’s non-Japan Asian business, Mr. Jasper established the Asia Pacific region as the firm’s fourth operating center and built a business base with revenues of $100 million.

Mr. Jasper was appointed Global Treasurer of Salomon Inc. in 1996 where he managed the firm’s long-term liquidity and working capital. Also responsible for in-house corporate development, Mr. Jasper spun off the oil gathering assets of Basis Petroleum, arranging a merger forming Genesis Energy, and was subsequently elected Chairman of Genesis. In early 1996, Mr. Jasper became Chairman of Salomon Swapco Inc, the market’s largest derivative products company. He held this position until late 1998.

In 1997, after the acquisition of Salomon Brothers Inc. by the Traveler’s, Mr. Jasper created the Global Treasury business plan and structure for the merged firm. Mr. Jasper continued as the Global Treasurer of Salomon Smith Barney until late 1998.

Recently, Mr. Jasper was named to Risk magazine’s Hall of Fame as one group of the most influential risk managers in the 20-year history of the derivatives markets.

Mr. Jasper serves on the Boards of Phoenix House Foundation and the Wellspring Foundation. Additionally, he is on the Executive Board of the Cox School of Business at Southern Methodist University. He graduated with a B.B.A. degree from Southern Methodist University and received his M.B.A. from the University of Texas.


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