Marc Trager Email & Phone Number

Merrimack, N.H.

Performed, documented and coordinated additional testing resources for the report testing during UAT for the Second Agent Lending project.

Directed Securities Lending Program (2004-2009)Participated in daily conference calls with the traders in Merrimack, New Hampshire and Boston to discuss brokers' securities requests and the desired rates for each loan. Partnered in the automation project for the Direct Lending program, collaborating in the design, and acting as the subject matter expert. Interfaced with system developers in India and tested the latest releases. Performed end-of-the-day investment reconciliations with broker balances.Major Achievements: Improved efficiencies and controls by collaborating in the design of an automated lending system for the Direct Lending Program.Increased revenue 20% by strategically adding new markets and borrowers to existing business.Led team that ranked as one of the highest in the Gallup employee survey that measured employee satisfaction.Communicated relevant market events encountered through lending to the Fidelity Funds' Equity Trading Desk.* Produced semi annual management reports for the Fidelity Funds' Treasurer's office, detailing the revenue generated for the Funds in preparation for reporting to the Board of Trustees of the lending funds.

Directed the 3rd Party Securities Lending operations support team in fund accounting, cash management, corporate actions, compliance oversight, and treasurer's office communication. Addressed operational, billing and oversight issues, as well as inquiries from the Treasurer's office and senior management.Major Achievements: Served as a member of Steering Committee for third party lending initiatives.Developed and implemented the third party securities lending program, incorporating assets at five separate custodian banks.Managed team conversion from an operations to and oversight group, ensuring that 3rd party lenders executed their lending program as per company guidelines.Increased staff commitment and achieved high marks on the internal Gallup survey by facilitating strategic cross training for members of the 3rd party oversight group, facilitating staff development, while mitigating risk.Career Note: Career gap during 1995 was caused by my decision to not move to Pittsburgh after the Boston Company acquisition by Mellon Bank due to my father's illness.

As Unit Manager of FPCMS Securities Lending I was responsible for trading in our Direct Equity Lending Group as well as operations, billing and oversight for our third party lenders.Unit Manager, Securities Lending 2004 - 2009- Subject matter expert for team assembled to build automated lending system for Direct Lending Program.- Head of Direct Equity Lending desk.- Oversee all aspects of Fidelity Securities Lending programs.Operation Manager, Securities Lending 1996 - 2004Member of Steering Committee for third party lending initiative- Responsible for third party oversight Responsible for all aspects of trades after loans are made, such as:- Mark to market- Recall loan when security was sold- Billing- Tracking revenues and fees- Broker credit limits- Management reports- Processing new loans and returns

Responsible for all domestic securities lending, both equities and fixed income.Boston Company Advisors, 1993 - 1994Vice President- Built Mutual Fund Lending Program from start up enterprise to $100 million on loan in six months.Boston Safe Deposit and Trust Company, 1986 - 1994Vice President - Senior Government Trader- Supervised all Domestic Lending- Increased lending balance from $1 billion to $16 billion- Extensive interaction with Custody Operations

Increased existing lending desk business with the addition of fixed income and foreign lending.Served as Senior Government Trader for the Bank's securities lending product, executing $10B+ in transactions daily. Supervised a 10-member trading staff responsible for all U.S. lending.* Boosted lending balance from $1 billion to $16 billion.* Stimulated new business with the success of the lending program, attracting large pension and trust accounts to the bank.

Drove all aspects of the BCA 40 ACT Fund securities lending program development and start-up. Cooperated with various broker counter parties in the lending of securities.Major Achievements: Built the Mutual Fund Lending Program from a start-up to $100M on loan within 6 months.Developed incremental income through securities lending for these funds and their shareholders.

A global performance-driven investment management firm.

- Produced quarterly and annual reports- Oversaw daily N.A.V. calculations

Grew revenues by developing the lending program with the addition of new funds and more brokers.Fund OperationsProcessed all trades for the Fidelity group of mutual funds.Ensured that all trades were settled properly.Managed all corporate actions as well as income collection activity.Security LendingManaged the lending of assets from various funds in the Fidelity Group.Increased borrowing brokers from 2 to 6.Fund AccountingSuccessfully processed daily accounting, N.A.V. calculations, quarterly and annual reports and portfolio reconciliation.Developed procedures that ensured audits were completed on a timely basis.

Fund Operations:- Processed all trades for the Fidelity group of mutual funds- Made sure all trades settled properly- Responsible for all corporate actions as well as income collectionSecurities Lending:- Lent out assets from various funds in the Fidelity Group- Built up program from two brokers to six brokers Fund Accounting:- Responsible for daily accounting- N.A.V. calculations- Quarterly and annual reports- Portfolio reconciliation

- Produced daily balance sheet- Priced two Mutual Funds under custody with the bank

Bs, Accounting

Activities and Societies: Member of Alpha Kappa Psi business fraternity. Statistician for varsity basketball team. Intermural sports.

Accounting