JACK D. SEIBALD

Mr. Seibald is a Senior Managing Director of Concept Capital Markets, LLC and serves the company in a variety of areas, including business and client development and legal and compliance matters.

Mr. Seibald also serves as a member of the Board of Managers of Concept Capital Holdings, LLC, the company’s parent, of Concept Capital Administration, LLC, which provides administrative services to the company and its affiliates, and of Concept Capital Fund Services, LLC, which provides fund administration and risk management services to investment managers. Mr. Seibald has been affiliated with the firm and its predecessors since 1995 and has extensive experience in equity research, investment management, and prime brokerage services dating back to 1983.

From 1997 to 2005, Mr. Seibald was also a Managing Member of Whiteford Advisors, LLC, an investment management firm, where as co-founder he co-managed several pools of funds.

He began his career at Oppenheimer & Co. as an equity analyst covering the retailing industry and has also been affiliated with Salomon Brothers, and Morgan Stanley & Co in similar positions. Mr. Seibald also operated The Seibald Report, Inc., an independent research firm specializing in the retailing sector.

Mr. Seibald serves as a member of the Board of Directors of Kingstone Companies, Inc. a publicly traded insurance holding company, and of Kingstone Insurance Company, a New York property and casualty insurer. He holds an M.B.A. from Hofstra University and a B.A. from George Washington University.