Management Team


Corporate

Edward E. Cohen
Chairman of our Board since 1990. Chief Executive Officer from 1988 to 2004. President from 2000 to 2003. Chairman of the Managing Board of Atlas Pipeline Partners GP, LLC (a wholly-owned subsidiary of Atlas America, Inc. the general partner of Atlas Pipeline Partners, L.P.) since its formation in 1999. Chairman, Chief Executive Officer and President of Atlas America, Inc., since its formation in 2000. Chairman of the Board of Brandywine Construction & Management, Inc. (a property management company) since 1994.

Jonathan Z. Cohen
Jonathan Z. Cohen is Chief Executive Officer and a Director of Resource America, Inc. Jonathan has been Chief Executive Officer since 2004, President since 2003, and a Director since 2002. Previous roles include Chief Operating Officer from 2002 to 2004, Executive Vice President from 2001 to 2003 and Senior Vice President from 1999 to 2001. In addition, he has been Vice Chairman of the Managing Board of Atlas Pipeline Partners GP, LLC since its formation in 1999 and Vice Chairman and a Director of Atlas America, Inc. since its formation in 2000. Mr. Cohen received a Bachelor of Arts degree from the University of Pennsylvania, and a Juris Doctor degree from American University’s Washington College of Law.

Jeffrey F. Brotman
Mr. Brotman has been Executive Vice President of Resource America since June 2007. Mr. Brotman was a co-founder of Ledgewood, a Philadelphia based law firm concentrating in financial, corporate, real estate and other business matters and was affiliated with the firm from 1992 until June 2007, serving as its managing partner from 1995 until March 2006. He has been the Chairman of the Board of Directors of TRM Corporation (a publicly traded consumer services company) since September 2006 and was TRM’s President and Chief Executive Officer from March 2006 through June 2007. Mr. Brotman is also a certified public accountant and an Adjunct Professor at the University of Pennsylvania Law School.

Steven J. Kessler
Executive Vice President since 2005 and Chief Financial Officer since 1997. Senior Vice President from 1997 to 2005. Vice President-Finance and Acquisitions at Kravco Company (a national shopping center developer and operator) from 1994 to 1997. From 1983 to 1993, Mr. Kessler worked for Strouse Greenberg & Co., a regional full service real estate company, ending as Chief Financial Officer and Chief Operating Officer. Prior thereto, Partner at Touche Ross & Co. (now Deloitte & Touche LLP), independent public accountants. Trustee of GMH Communities Trust (a publicly-traded specialty housing real estate investment trust) since 2004.

Michael S. Yecies
Senior Vice President since 2005 and Chief Legal Officer and Secretary since 1998. Vice President from 1998 to 2005. Attorney at Duane Morris LLP (an international law firm) from 1994 to 1998. 

Thomas C. Elliott
Senior Vice President – Finance since 2005. Vice President-Finance from 2001 to 2005. Chief Financial Officer of Resource Financial Fund Management, or RFFM, from 2004. Chief Financial Officer of Resource Capital Corp. (NYSE:RSO) from September 2005 until June 2006. From 1997 to 2001, Mr. Elliott held various financial positions at Fidelity Leasing, Inc., a former subsidiary of Resource America, including Manager of Financial Planning, Director of Asset Securitization and Treasurer.

Purvi Kamdar
Director of Marketing and Investor Relations. Ms. Kamdar is responsible for coordinating fundraising and investor relations for Resource America, Inc. and its affiliates. Before joining Resource America, Inc., Ms. Kamdar worked with Sigma Capital, an S.A.C. hedge fund, and prior to that she worked at Bear, Stearns & Company. She received both an M.B.A. and B.S. in economics, magna cum laude, from The University of Pennsylvania’s Wharton School of Business.

Vikram M. Lokur
Managing Director, Resource Financial Fund Management, Inc. Mr. Lokur is responsible for strategic partnerships and new business development. Prior to joining Resource America in January 2005, Mr. Lokur was a Vice President at Credit Suisse First Boston. Before that, he worked at Morgan Stanley, SBC Warburg Dillon Read (now UBS AG), and Robert Fleming & Co. (now J.P. Morgan Chase). At those firms he worked in various capacities including mergers & acquisitions, equity capital markets, and provided coverage to numerous leveraged buyout and real estate financial sponsors in the United States, Europe and Asia. Mr. Lokur graduated with First Class Honors from the University of Buckingham in England where he was the recipient of the Sir Ernest Cassel Educational Trust award.

Directors

Michael J. Bradley
Co-owner and Managing Director of BF Healthcare, Inc. (a supplier of physician services to hospitals and assisted living facilities) since 1999. Director of SourceCorp. (a publicly traded provider of business process outsourcing solutions) since 1996. Director of The Bancorp, Inc. (a publicly-traded bank holding company) since 2005. Managing Board Member of Atlas Pipeline Partners GP, LLC (general partner of a publicly-traded natural gas pipeline limited partnership) from 2004 to 2005. Chairman of the Board of First Executive Bank from 1988 to 1998. Vice Chairman of First Republic Bank from 1998 to 2003.

Carlos C. Campbell
President of C.C. Campbell and Company (a management consulting firm) since 1985. Director of PICO Holdings, Inc. (a publicly-traded diversified holding company) since 1998. Director of NetWolves Corporation (a publicly-traded information technology company) since 2003. Director of Herley Industries, Inc. (a publicly-traded RF/Microwave Solutions company) since 2005.

Jonathan Z. Cohen (see bio above)
           
Edward E. Cohen (see bio above)

Kenneth A. Kind
Vice President of Medi-Promotions, Inc. (a healthcare advertising company) since 1991. Director of Van Ameringen Foundation (a private charitable foundation) since 1995.

Hersh Kozlov
Mr. Kozlov is a partner in the law firm WolfBlock’s Business Litigation Practice Group, a member of the Executive Committee and the Managing Partner of the firm’s Cherry Hill, N.J. office.

Andrew M. Lubin
President, Delaware Financial Group, Inc. (a private investment firm), since 1990.

John S. White
John White is Executive Director of the Investment Program Association (IPA). Prior to joining IPA, he held several senior executive positions with AIG Advisor Group, a unit of AIG’s retirement services business, since 2002. John was the president and CEO of DCC Securities Corp., an NASD broker dealer which he founded in 1990. Mr. White has been a member of the Board of Directors or Resource America, Inc. since 1993.

Other Management

LEAF Financial Corporation

Crit S. DeMent
Senior Vice President of RAI since 2005. Chairman and Chief Executive Officer of LEAF Financial (a wholly-owned subsidiary of RAI) since 2001. President of the Technology Finance Group of CitiCapital Vendor Finance in 2001. President of the Small Ticket Group of European American Bank, a division of ABN AMRO, from 2000 to 2001. President and Chief Operating Officer of Fidelity Leasing, Inc. (a former wholly-owned subsidiary) from 1996 to 2000.

Miles Herman
President, Chief Operating Officer and a Director of LEAF Financial since January 2002.  Mr. Herman held various senior operational offices with Fidelity Leasing, Inc. and its successor from 1998 to 2001, ending as Senior Vice President. From 1990 to 1998, he held various operational, marketing, program management, business development and sales positions with Tokai Financial, most recently as Director as Capital Markets. Before that, he served as Vice President, Operations and Sales at LSI Leasing Services, Inc. from 1989 to 1990, and as a manager of operations at Master Lease Corporation from 1984 to 1989.

Resource Financial Fund Management, Inc.

Jeffrey D. Blomstrom
President of Resource Financial Fund Management (RFFM), a wholly-owned subsidiary of Resource America, since 2003, and Managing Director and Portfolio Manager of Trapeza Capital Management, LLC, since 2002. Mr. Blomstrom also serves as the head of collateral origination and as a member of the credit committee for Trapeza Capital Management. From 2001 to 2003 Mr. Blomstrom was a Managing Director at Cohen Bros. and Company, an investment bank specializing in the financial services sector. From 2000 to 2001 he was Senior Vice President of iATMglobal.net, Inc., an ATM software development company. Mr. Blomstrom was, from 1999 to 2000, an associate at Covington & Burling, a law firm, where he focused on mergers and acquisitions and corporate governance.

Christopher D. Allen
Managing Director of RFFM since 2003. Mr. Allen is a member of the investment committee of Ischus Capital Management and is also a member of the investment committee of Apidos Capital Management, and serves as the Chief Operating Officer and Director of Product Management. Before joining RFFM and its affiliates, from 2002 to 2003 he was a Vice President at Trenwith Securities, the investment banking arm of BDO Seidman, LLP, where he was in charge of corporate finance, mergers and acquisitions and restructuring transactions. From 1994 to 1997 he was an Associate with Citicorp Venture Capital working on leveraged buyout and recapitalization transactions.

Apidos Capital Management, LLC

Gretchen L. Bergstresser
President and Senior Portfolio Manager of Apidos Capital Management, LLC, a wholly owned subsidiary of RFFM, since 2005. From 2003 to 2005 she was a Managing Director and Portfolio Manager of MJX Asset Management, a greater than $1.5 billion boutique asset management firm managing leveraged loans across five structured vehicles. From 1996 to 2003 Ms. Bergstresser was CDO Portfolio Manager and Head Par Loan Trader at Eaton Vance Management, an investment management company. From 1995 to 1996 she was a Vice President in the Diversified Finance Division of Bank of Boston. From 1991 to 1995 she was a Vice President at ING (U.S.) Capital Markets, an investment banking firm.

John Stelwagon
Managing Director of Apidos Capital Management since July 2005.  Prior to joining Apidos, Mr. Stelwagon was on the investment committee of Babson Capital Management's Bank Loan team and held a variety of positions including Head of Loan Research. He joined Babson Capital in June 2002 as a result of the company's acquisition of First Union Institutional Debt Management ("IDM"), where he was Head of Loan Research. Prior to joining IDM, he was a Director and Group Credit Officer at Société Générale where he was responsible for primary level credit approval and portfolio management for the bank's Los Angeles, San Francisco, Dallas, Houston and Atlanta regional offices. Before that, he was a Relationship Manager in Société Générale's East Coast Region. Prior to joining Société Générale, Mr. Stelwagon worked in National Australia Bank's Loan Restructuring Group. Prior to joining National Australia Bank, he was a Credit Analyst at CoreStates/New Jersey National Bank. He holds a B.A. from Lafayette College and is a CFA charter holder.

Anne McCarthy
Managing Director of Apidos Capital Management since March 2005. Prior to joining Apidos, Ms. McCarthy spent almost six years at INVESCO Senior Secured Management where she was a portfolio manager. From 1997 to 1998, Ms. McCarthy worked for Merrill Lynch Investment Management where she was responsible for credit analysis of bank loans, high yield bonds and distressed securities. Before Merrill Lynch, Ms. McCarthy worked for six years as a research associate at T. A. McKay and Company where she evaluated special situation investment opportunities and high-yield securities. She was a cash analyst with the Hanlin Group before joining T. A. McKay. Ms. McCarthy earned a B.A. in Economics from Rutgers College and a M.B.A. from Fordham University.

Ischus Capital Management, LLC

Andrew P. Shook
President, Chief Investment Officer and Senior Portfolio Manager of Ischus Capital Management LLC (Ischus), a wholly-owned subsidiary of RFFM since 2004. Before Joining Ischus, Mr. Shook founded and ran HSBC Bank USA’s structured finance credit arbitrage book until 2004. Before that, Mr. Shook worked domestically and in London for Bank of America from 1996 to 2001. From 1994 to 1996 he was a Senior Securities Analyst at Hyperion Capital Management, a commercial and residential mortgage related fixed income investment advisor.

Susan K. Aldworth
Managing Director of Ischus Capital Management since March 2005. Ms. Aldworth has over 15 years structured finance experience. Before joining Ischus Capital, she established and ran Barclays Capital's secondary ABS trading desk for 7 years. Prior to Barclays, Ms. Aldworth spent 5 years as the senior trader and head of secondary ABS trading at UBS. She also held sales and trading positions at Chemical Bank in the ABS and MBS groups. Ms. Aldworth holds a B.A. in Economics from The College of William and Mary and earned a Master's of Business Administration in Finance from Columbia University.

Resource Capital Corp.

David J. Bryant
Senior Vice President and Chief Financial Officer since June 2006.  Mr. Bryant brings twenty five years of real estate industry accounting and SEC financial reporting experience to RCC.  Prior to joining RCC, Mr. Bryant was Senior Vice-President, Real Estate Services, at Pennsylvania Real Estate Investment Trust (PREIT) for one year.  Before that Mr. Bryant served as Senior Vice-President and Treasurer at PREIT for five years.  Prior to that he served as Vice–President, Financial Services, at PREIT Rubin, Inc., and The Rubin Organization, Inc.

Resource Real Estate, Inc.

Alan F. Feldman
Senior Vice President RAI since 2002. Chief Executive Officer of Resource Real Estate, Inc. (a wholly-owned subsidiary) since 2004. Vice President at Lazard Freres & Co. (an investment bank) from 1998 to 2002. Executive Vice President at PREIT-Rubin, Inc., the management subsidiary of Pennsylvania Real Estate Investment Trust (a publicly-traded real estate investment trust) and its predecessor, The Rubin Organization, from 1992 to 1998.

David E. Bloom
Senior Vice President RAI since 2001 and President of Resource Real Estate, Inc. since 2001. Prior to joining Resource America, Mr. Bloom was Senior Vice President at Colony Capital, LLC (an international real estate opportunity fund) from 1999 to 2001. Before that, he was Director at Sonnenblick-Goldman Company from 1998 to 1999. Mr. Bloom began his career as an attorney at Willkie Farr & Gallagher from 1996 to 1998.

Kevin M. Finkel
Vice President of RAI since 2006. President of Resource Capital Partners, Inc., the general partner of real estate private equity funds, since 2006 and Senior Vice President, Director of Acquisitions of Resource Real Estate since 2004. Prior to joining Resource America, Mr. Finkel was an Associate at Lehman Brothers in 2000. Mr. Finkel was an Associate at Barclays Capital in 1999 and Deutsche Bank Securities from 1994 to 1998.


Resource Financial Institutions Group, Inc.

Shivan Govindan
Senior Principal of Resource Financial Institutions Group, Inc. (RFIG) since 2005, and Senior Vice President of (RFFM) since 2004 and Managing Director and Portfolio Manager of Trapeza Capital Management, LLC, since 2005. Prior to joining Resource America, Mr. Govindan was Principal of Beehive Ventures, LLC, a Deutsche Bank-seeded early stage private equity firm investing in companies providing products and services to the financial services industry. Prior to that, he served as Director of Corporate Development for IQ Financial Systems, Inc., a DB Ventures portfolio company. Mr. Govindan began his career structuring and selling fixed income derivatives at Bankers Trust.

Resource Europe Management, Ltd.

Rob Reynolds
Chief Investment Officer and Senior Portfolio Manager at Resource Europe Management, LTD.  Mr. Reynolds is responsible for European Leveraged Loans joins Resource Europe Limited with a 20 year track record in Europe where he led leveraged finance teams at Dresdner Kleinwort Benson, Commerzbank and Ahli Bank (formerly the United Bank of Kuwait). Under Rob Reynolds, Resource Europe Management Limited plans to act as the investment manager for a series of European leveraged loan investment vehicles.  Mr. Reynolds will be working in complement with Apidos Capital Management, LLC.