Placemark Investments, Inc. is the sole and wholly-owned subsidiary of Placemark Holdings, Inc. Placemark Holdings’ board of directors plays a vital role in governing the company. The board is responsible for setting overall strategic direction, overseeing company and executive performance and anticipating major opportunities and competitive issues that will face Placemark in the years ahead.

Our current board is composed of seven members, six of whom are not Placemark employees. Four of the non-employee board members are major investors in the company, while the remaining two are longtime veterans in the financial services industry. The board composition ensures an objective and proactive team that is vital to Placemark's effectiveness and success. Typically, Placemark's board meets monthly to monitor the company's progress.

As our board is responsible for helping to lead Placemark's management, its members adhere to the same integrity and ethical standards that apply to all of Placemark's employees.

Members of our board of directors are listed below.

Robert Antoniades
Managing Director, RBC Ventures Strategic Technology Fund

Robert Antoniades is a senior member of the RBC Ventures Strategic Technology Fund. Prior to RBC, Robert was a Vice President at BMO Nesbitt Burns Equity Partners, and the successor funds, BMO Equity Partners and BMO Venture Partners. During his tenure at BMO Robert was responsible for building and overseeing the portfolio of technology company investments. Previously, Robert was at the CIBC Group of Companies from 1992 - 2001. Most recently, from 1997 – 2001, Robert was Executive Director of CIBC Capital Partners’ Silicon Valley office in Menlo Park. Robert joined CIBC Wood Gundy Securities in the Equity Department, spent time on the Institutional Sales desk, the Merchant Bank and Mergers and Acquisitions. He has a broad base of transaction and industry experience. Robert has a BBA from Wilfrid Laurier University and is a Chartered Financial Analyst, a Fellow of the Canadian Securities Institute and a Certified Investment Manager.

Lee Chertavian
Chairman and Chief Executive Officer

Lee Chertavian spent five years as Senior Vice President of Affiliated Managers Group, Inc., an investment management holding company. During his tenure with AMG, the company grew from one affiliate with $1 billion in assets under management, to 15 affiliated firms with $94 billion in assets, in the process becoming a public company listed on the NYSE. Prior to AMG, Mr. Chertavian spent seven years as a Division President and Management Committee Member with privately-held Trans National Group. There, he founded operations in Canada, Britain, Germany and France, as well as a domestic mutual fund company. Mr. Chertavian's previous experience includes positions at Bain & Company, Fidelity Investments, Bankers Trust Company and Equitable Life. He holds his BA, cum laude, from Bowdoin College and his MBA, with distinction, from Harvard Business School.

Brian J. Girvan
Partner and CFO, Ascent Venture Partners

Brian has over 25 years of experience in the financial services industry, including most recently as COO and CFO of Argo Global Capital, a $400 million venture capital firm. Brian has previously worked as a senior executive in several roles at Fidelity Investments including as a senior vice president and CFO of its retail division, as CFO of its intermediary-based mutual funds division and as a senior vice president and division executive of its institutional brokerage division. Prior to that, Brian was a senior vice president, CFO and treasurer of Affiliated Managers Group, a publicly held investment management firm with over $70 billion in managed assets and a senior vice president and CFO of PIMCO Advisors, a publicly held investment management firm with over $100 billion in managed assets.

Chip Hazard
General Partner, Flybridge Capital Partners

Chip Hazard is a General Partner at Flybridge Capital Partners. Prior to joining Flybridge in May 2002, Chip was a General Partner with Greylock, a leading national venture capital firm he joined in 1994. While at Greylock, Chip led or participated in numerous successful investments in the enterprise information technology field. Prior to Greylock, he was with Company Assistance Limited, an investment and consulting firm in Warsaw Poland; and Bain and Company, an international management consulting firm. Chip received a BA with honors from Stanford University and an MBA from Harvard Business School where he was a Baker Scholar and a Ford Scholar.

Benjamin Malka
Principal, North Hill Ventures

Benjamin joined North Hill Ventures with six years of experience in strategic management consulting to the financial services industry. Benjamin is responsible for North Hill's investments in Placemark Investments, Compete, Austin Logistics and SmartTime Software. Prior to joining North Hill Ventures, Benjamin was a project leader at The Boston Consulting Group, where he focused on serving corporations that were either direct participants in the financial services sector or suppliers to financial services companies. Benjamin's consulting engagements included strategic alternatives analyses, product development studies, and merger and acquisition evaluations. He currently serves as an advisor to the Chicago-based Internet company Edline (formerly named Jackson Software) on marketing and strategy issues. He has also been with McKinsey and Company, Inc., a strategic consulting firm. Benjamin has a B.A. in Quantitative Economics and Political Science from Stanford University and an M.B.A. from The Graduate School of Business at the University of Chicago.

Bob Mazzarella

Bob Mazzarella has more than 30 years experience in the securities industry, including 18 years at Fidelity Investments, where he served most recently as president of Fidelity Brokerage Services, LLC. Mr. Mazzarella joined Fidelity in 1983 as vice president of client services for national Financial Correspondent Services (NFCS), which provides correspondent brokerage services to banks, broker/dealers, and insurance firms. He served as president of NFCS from 1991 to 1995. He then became president of Fidelity Brokerage Services and president of the Institutional Group in 1999. As the head of the brokerage unit, he was responsible for all of Fidelity's retail brokerage products and services, including the company's investor centers and its rapidly growing online business. He stepped down from his role at the firm at the end of 2001. While at Fidelity, Mr. Mazzarella was a member of the board of directors at the Securities Industry Association (SIA), chaired the SIA's Discount Brokerage Committee, and was a member of the SIA's Market Structure Committee. He has served on the board of the Philadelphia Stock Clearing Corporation and Depository, and served on the boards of The Chicago Board of Options Exchange, the Cincinnati Stock Exchange, the Boston Stock Exchange and Redibook, Inc. Mr. Mazzarella was a member of The New York Stock Exchange, and served on the New York Stock Exchange's Regional Firms Committee.

Alan Sislen

Alan Sislen is a nationally recognized financial expert who has worked with managed accounts for over15 years, and has a long track record of industry innovation and leadership. Mr. Sislen was the president of Managed Account Perspectives, LLC, a consulting firm that provided executive-level strategic consulting on the managed account business to asset management firms, program sponsors and money managers. Previously, Mr. Sislen worked at Merrill Lynch for over 30 years, where for 10 years he was first vice president and senior director of the Investment Consulting Group, Merrill's separately managed account group. In that capacity he was responsible for several investment programs, including ML Consults, Mutual Fund Advisor, Strategic Portfolio Advisor and Personal Investment Advisory. Mr. Sislen also served as branch manager for Merrill Lynch's Chicago, Washington, D.C. and Tysons Corner, Va., offices and was also national sales manager for the company's retail sales force. Mr. Sislen has also served on the Professional Advisory Council of the Investment Management Consultants Association (IMCA), and on the board of directors of the Money Management Institute (MMI). He also received the Managed Account Pioneer Award from MMI in 2000.