Michael Clark Email & Phone Number

New York, Ny, Us

Since 2011, I have had the tremendous privilege of leading or serving on 7 Boards of Directors and I am looking to the future and excited about building another major business.SEE "PROJECTS" BELOW FOR A LIST OF BOARD POSITIONS HELD

Boston, Ma, Us

RESPONSIBILITY & ACHIEVEMENT PROFILE: Of Fidelity’s 259 funds, only 7 were Morning Star 4 or 5 and most had not grown 3 years after their seed funding. On the first family office product review, was given a 42 page deck, mostly without financials which showed a planned loss of $70M with a 5 year aggregated loss expected at $400M. Investigation revealed culture of entitlement and familiarity rather than performance with poor value systems throughout. Identified multiple issues from compensation to overall lack of Board-level engagement. Navigating heavy resistance, created a restructuring plan and led execution. This effort yielded $1.5B in net profit improvement and the following benefits were realized within a year;• Leadership Team Restructure: Investigated roles and achievements within the leadership team. In 90 days, eliminated underperforming members (70%) and targeted, recruited, negotiated compensation, and hired a new leadership team. This effort saved $150M in payroll.• Technical Infrastructure Realignment: Existing systems required 600 applications to run the retail brokerage system. Consolidated and evolved systems architecture. Installed an international clearing structure within 8 months, which today generates $500M in profit.• Fixed Income Capabilities: Built out fixed income capabilities. This improved ratings from number 60 in Municipal bond underwriting to number 11 the first year.• Diversification of Product Offerings & Capital Market Segment Refocus: Installed better capital market capabilities; international clearing and increasing the Institutional distribution to focus on the family office market. • Managed $18.8B in outstanding credit and reduced it to $7.2B with zero write-offs. Clients included HNW, Retail, & Institutions.Net benefits from the above efforts exceeded profit goals by $1B and international clearing yielded $500M in net profit.

New York, Ny, Us

ACHIEVED WHILE SERVING IN THIS ROLEScope of Responsibility & Achievement: Profitability dropped 15%, causing market share erosion (from #1 to #4) and frustrating Senior Management. Recruited and commissioned to restore growth and profit. Investigation revealed internal politics, ingrained laziness, and lack of direction and passion were root causes. Created a recovery and business model evolution strategy and implemented. The following benchmarks were realized within the year;• Team Leadership: Rallied, trained, and inspired the team, challenged losses and celebrated wins; establishing and evangelizing metrics for each level of performance. • Customer Engagement Strategy: Conceived a strategy to personally approach the top 20 performing clients and the top 20 at risk clients. Penetrated, identified issues and offered and executed solutions. • Tax Optimization: Identified opportunities for tax reductions and commissioned the writing off of $400M encumbered assets.• Alpha Management: Created an alpha investment management strategy with OTC Derivatives, Syndicated loans, & CDO’s. This created a first mover advantage and was a clear differentiator.The above efforts took the market by surprise as our team achieved an unprecedented, multi-trillion-dollar growth (from $9T to $16T) in 30 months and more than doubled profit (from 17% to 42%). Representing 37% of the banks Capital Value.• M&A: Identified an opportunity to expand servicing capabilities for internalized transactions through the acquisition of a technology company. The business grew exponentially as revenue upon acquisition was $9.2M with $800k profit and within 24 months, under our leadership achieved $100M with 33% profit. JPM was able to achieve and maintain 65% market share as a data aggregator (92% of market) for 4 years through the balance of tenure. Sold the entity (Wall Street Office) for a $330M net gain in 4 years. This event was featured in various industry publications as well.

New York, Ny, Us

ACHIEVED WHILE CHIEF EXECUTIVE OFFICER (CEO), CORPORATE TRUSTScope of Achievement & Responsibility: Conceived a new asset management based product offering. Investigated regulatory issue potential and built the first to market strategy to create Owner Management System (OMS) to handle 14 product options and re-oriented the Debenture-based team through training and marketing campaigns. This transformed the business from Corporate Trust to Asset Servicer with a full set of 14 products and achieved profitability as the following benefits were realized;o Margins: Within the year, drove trust margins from 28% to 46%.o Revenue Growth: Within 3 years, drove revenue from $80M to $ 1.5B.o Fee Growth: The initiative yielded $200M in fees to other partner businesses within JP Morgan.o Leveraged $22T: In total, FX related revenue represented 55% of the entire capital markets foreign exchange activity for JP Morgan.The above efforts resulted in the collective JP Morgan franchise achieving $450M in high margin profit, $250B in assets under management, over $500M in revenue growth (15% in margin improvement), and $2B FX revenue (with 80% margin). JP Morgan Chase ultimately became the retail market leader and had a DCF analysis estimated to be the worth $5B. This was featured in American Banker and other industry periodicals. This also fueled funding for other initiatives (such as Chase Credit Cards Delaware).• Market Share / High Margin Capture: JPM needed to get support from local regulators to establish US centered trust companies. Japan was supportive due to increased liquidity for their NPL’s. Mexico wanted a secondary mortgage market once regulatory approval was achieved. Navigated or engaged Global and US regulators while developing new systems and sales/distribution schematic. In 6 months, achieved new products not available in those markets; in 18 months, established a 7-year annuity stream ($100M) with 45% margins while the industry averaged 25%.

Des Moines, Iowa, Us

Product Development for all the non bulge bracket Broker dealers. Included creating a money desk, a prime broker, and Single Price Auction ( an early version of Instanet in 1989). Also ran credit through the two market adjustments and all resources associated with the P and L.

Des Moines, Iowa, Us

Created and ran a global prime broker; Business lead for all third party clearing and settlement in the Global Equity and Fixed Income product areas.Managed over $2.6 billion of loans during the technical equity market adjustments in 1987 and 1989. No losses were recorded.Built the Broker Dealer Loan portfolio by $1.8 billion from 1986 to 1990 in support of global /clearing activity.Built "C-TRAC" and C-TRAC+" applications which were used as collateral management tools for the global derivatives market.Acted as the registered principal for the Section 20 unit of the Capital Markets Group.

Various roles leading up to early promotion to Captain. Operated principally in special forces.

Master Of Business Administration (M.B.A.), Finance/Prod Mgt

Ms, Quantitative Analysis And Statistics

Bachelor Of Science, Transportation/Mobility Management