We are proud of our Management Team. The Team is composed of several senior highly experienced and respected financiers, investment bankers, and legal and industry experts.

The Team represents the old wise experienced and confident executives and the young, talented, competent and dynamic senior officers. All are equity shareholders in the Company.

FRED L.H.FARHA Founder, President & CEO

Canadian citizen, Prior to founding Fundmore Merchant Bank, Fred was President and CEO of Fundmore Corporation (Canada) Limited which he started 1968 in Zurich Switzerland where he spent two years working with several Swiss banks as a private placement banker, which he later founded in Canada, by Dominion Charter on the 13th day of August 1971.

Fred is also President and CEO of CENCOR International S.A., Executive Director of Fundmore International Capital Corporation - FICC and former Chairman of the Board of Fundmore Capital Management Inc. He was an early pioneer of several, then unconventional finance models and products, now recognized as financial engineering, structured financing, commodity-linked finance, asset-based finance, asset-backed finance, as well as other unconventional and innovative financing solutions.

Fred is an innovative financial engineer and an authority on the use of financial instruments and products. He excels in devising solutions and credit enhancement structures and strategies to resolve project financing difficulties in the Emerging Markets. He built the Fundmore group of companies into a global boutique of financial services and established important contacts and name recognition in over 85 countries. From the start of his career, he recognizing the demanding nature of structured financing solutions and the wide and diversified range of expertise involved and needed to do the work.

Fred developed and cultivated a unique global network of sourced out "Finance Teams" which can be assembled and put in place at short notice. These Finance Teams are drawn from over 900 consultants, industry experts, legal and auditing, trading houses, shipping, engineering and construction and others.

His recent challenges came in the form of partnership with Karellesprom Holding JSC (Timber Association of Karelia) and the Government of the Republic of Karelia, Russian Federation.

He became involved in the radical rehabilitation, reorganization and capitalization of 20 timber harvesting, pulp and wood processing companies with assets and infrastructure valued at more than $ 7.650 billion. Over the past 32 years,

Fred was involved in the financing of complex projects including major oil and gas, power generation, petrochemical plants, property development and shipping.

EDWIN REDZEPAGIC Chief Technology Officer - Cofounder

Edwin worked as the project manager and management consultant at Ernst and Young and Unisys in the US, UK, Eastern Europe and Central Asia. The key focus of his role was to promote the use of Information Technology as an enabler to the business change process in both developed and emerging markets. For the past 12 years,

Edwin primarily worked in the financial services industry, specialising in the Brokerage and Investment Banking areas. Edwin' projects include:
UBS Warburg.

Edwin worked as the Equities Brokerage programme manager during the development, testing and regulatory approval of the UBS' e-banking solution. The system is designed to support the bank's high net-worth client community and its technical architecture is based on FIX (Financial Information eXchange), MQ Series, Siebel, BroadVision and WebSphere environment, as well as the straight-through links to the German and US exchanges.
 

Central Bank of Russian Federation. Edwin managed the development and implementation of a bespoke Electronic Clearing and Settlement system for the major eastern- European central bank He implemented the system in nine regional centres and advised the commercial banks on the electronic interface specification and development.
 

VneshEconomBank - Russian government bank for foreign trade. Edwin managed the reconciliation of the external debt of the former Soviet Union. His team was involved in development and maintenance of a custom build debt reconciliation system.
 

Lloyds of London. Edwin designed and implemented the Names liability and solvency tracking application for a number of Lloyd's Underwriters in the city of London. This system enabled Wellington, one of the agents, to become one of the best performing Lloyd's underwriters at the time.

ELENA DENISSENKO Design Manager - Cofounder

Elena worked in fashion and design industry for a number of years. She graduated at the Omsk University and worked and lived in Russia, UK and US. Elena key design contributions include:
 

Art4deco www.art4deco.com. Elena worked as the chief product and web designer for a premier on-line gallery, specialising is sale of Eastern European arts to the western buyers.
 

DIOMEDIA www.diomedia.com Elena worked as the chief designer for the Stock photography agency, supplying high-resolution photo images to the Advertising, Media and Corporate Communications industry. The site is currently being tested and is scheduled to go live in the summer of 2001.
 

Diosphere www.diosphere.com. Corporate identity and website design for a global business and IT consultancy firm.

Other Key Contributors to our Structured Financing Teams. Persons with years of direct experience in the following fields:

• Merchant Banking & IPO / GDR / M&A
• Corporate Finance & Private Placement
• Trade Finance & Indemnities
• Public Syndication Major
• Projects Public Trading,
• Auction & Arbitrage Finance
• Products Issues/ Offering & Placement
• Documentary Credit/Guarantees
• Project Finance BOT, BOO and BOOT
• Financial Engineering /Structured Finance
• Financial Instruments & Products
• Tutorial & Advertising
• Marketing/Public Relations Manager