Luis Maizel, Senior Managing Director, Investment Strategy Group member, is a co-founder of the firm and has been investing in the global fixed income market since 1984. Mr. Maizel was born and raised in Mexico City. His experience includes serving as Vice President of Finance for Grupoventas, S.A.; faculty member at the Harvard Business School; and President of Industrial Kuick, S.A. After structuring a favorable buy-out of Kuick, Mr. Maizel relocated to San Diego, California. Mr. Maizel received an undergraduate degree in Industrial Engineering from National University of Mexico in 1971 and Master of Business Administration from Harvard Business School in 1974, where he graduated as a Baker Scholar, the School’s highest academic honor. Mr. Maizel is a board member of: United PanAm Financial Corp. (UPFC), a diversified public financial company, the NAFIN (Mexico’s National Development Company) Foreign Board, Wells Fargo San Diego Community Board, HSBC Private Bank Board of Directors, Chairman of Hispanic National Mortgage Association and several non profit organizations.

John Chalker, Managing Director, Investment Strategy Group member and co-founder of the firm, has been investing in the global fixed income markets since 1980. Mr. Chalker had been with Merrill Lynch & Co. as a Vice President, Senior Financial Consultant where he distinguished himself as a member in the firm’s Chairman’s Club. After completing his Bachelor of Science degree from the US Naval Academy in Annapolis, Mr. Chalker served as a carrier based fighter pilot in the US Naval Service from which he received an honorable discharge in 1979. Mr. Chalker is a founding member and former Chairman of the Alliance in Support of Airport Progress in the 21st Century (ASAP21), a member of the San Diego Regional Chamber of Commerce Board of Directors, a Board Member for the San Diego Facilities Financing Authority (PFFA), and a Commissioner on the California Transportation Commission (CTC).

Mario Modiano, Director – Risk Management, joined the firm in 1990. Prior to that, he had been a consultant to LM Advisors for 3 years. Mr. Modiano’s experience includes intern positions at the World Bank Group and Banco de Comercio; and President/Chief Executive Officer of EPI S.A., a financial systems software developer and marketing firm. Mr. Modiano has a Bachelor of Arts degree in Applied Mathematics from University of California, Berkeley; Master of Science degree from Cornell University; and a Master of Business of Administration from Harvard Business School.

Tobias Gorodzinsky, Research Director, is a principal in the firm. Prior to joining LM Capital in 1989, he spent several years in manufacturing and sales at Industrias Kuick, S.A., 1982­1984, where he met Mr. Maizel. Mr. Gorodzinsky earned a Bachelor of Science degree in Economics from UNITEC in 1980 and a Master of Business Administration from the Pan American Institute for Senior Management in 1982. He immigrated to the United States in 1984 where he joined Mr. Maizel at LM Advisors.

Richard T. Deary, Director – Business Development. Mr. Deary serves as a primary point of contact for LM Capital Group clients. In this capacity, he serves as the primary liaison between clients and the LM Capital Group Investment team. Prior to joining LM Capital in 1999, Mr. Deary was the Director of Corporate Relations at Collins Associates where he developed, directed and managed all activities within the Marketing Department. Previously he served as the Director of Guilds and Volunteer Services with Opera Pacific. He has a Bachelor of Arts degree in Communications from Oakland University where he graduated with Honors. Currently, Mr. Deary serves as a regional board member for the Juvenile Diabetes Research Foundation. E-mail

Rachel Wilson, Director – Fixed Income Trading, joined the firm in 2004. Prior to joining LM Capital, she was a fixed income trader at AIG Advisor Group, responsible for recommending bond strategies and securities for clients. Her experience includes Portfolio Manager for fixed income index funds for Barclays Global Investors and Portfolio Manager at U.S. Trust Company of California. Ms. Wilson has a CFA designation and a Bachelor of Arts from the University of California, San Diego with a major in Quantitative Economics and Decision Science. E-mail