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Rick Nason, PhD, CFA

As an international consultant and founding partner of RSD Solutions Inc., Dr Nason has advised and developed programs on
valuation, risk measurements and management and derivatives for major global corporations,international financialinstitutions,
government agencies and several academic institutions with global reach. He has conducted research within these organizations
and is retained as an expert witness by Federal Tribunals and as a commentator by the media in derivatives, risk management,
investments and finance.

Dr. Nason has earned a reputation as a practitioner by holding multiple senior Capital Markets roles at a number of major
international banks. His responsibilities have included structuring equity and complex derivative products, heading capital markets
training and establishing and leading a credit derivatives group at a major international bank.

As an Associate Professor of Finance at Dalhousie University he has been voted Professor of the Year several times and been
awarded many distinguished awards including the A. Gordon Archibald Award for Teaching Excellence. His academic work includes researching corporate hedging practices, credit risk, management of credit derivatives and behavioural finance.

He has authored many articles and co-authored the textbook "Financial Management: Theory and Practice", 2nd Canadian Edition (2013, Nelson Education) and has written two chapters for the book "Enterprise Risk Management: Today's Leading Research and Best Practices For Tomorrow's Executives" (Wiley 2010, Fraser, Simkins Editors). His blogs are keenly followed by senior professionals. Rick is also working on a new book that examines the science of complexity in the context of business.  It is to be published by University of Toronto Press and will be available in 2012.

Dr. Nason holds a BSc in Math and Chemistry from McMurry University, an MSc in Physics from The University of Pittsburgh and a MBA and PhD from the Richard Ivey School of Business at the University of Western Ontario. He is a CFA Charter holder.

Stephen McPhie, CA

In his current position as partner of RSD Solutions, Stephen advises companies and banks internationally on various apects of
financial strategy and risk mitigation.

From 2000 to 2004, Stephen worked in London for Italy’s largest bank. Latterly, in the financial engineering group, he successfully
created innovative cross border financing structures which included private equity instruments with embedded derivatives.
Previously he structured and distributed primary market debt and traded distressed and near par debt in secondary markets.

Prior to 2000, Stephen held various positions in the USA, Canada and the UK with a “big 5” Canadian bank. His experience
stretches from structuring and distributing leveraged and investment grade corporate transactions, to relationship management,
par and distressed secondary market trading, structured credit derivative products, work-outs and credit and financial mandates,
structuring and negotiating transactions (including leveraged, project finance, recapitalization of distressed situations, etc.) as well
as negotiating complex legal documentation.

Stephen holds a BA in Economics from Heriot-Watt University in Edinburgh, Scotland, and has qualified as a Chartered Accountant in both the United Kingdom and Canada. In this respect he worked for one of the large accounting firms carrying out assignments in the fields of audit, consultancy (including business valuations) and taxation.