Stephen Schiller Email and Phone Number

• Advised on, negotiated and led financial and strategic reorganizations and provided leadership, management and corporate governance expertise to financially distressed companies for a corporate restructuring advisory firm; reorganized both publicly-held and private companies.• Drove client acquisition and new business development; clients included debtors, creditors and unions.Selected Projects− Guided executive team of newly reorganized transportation company on development of employee relations, corporate culture and financial policies.− Negotiated $20 million annual wage/work rule concessions by the Teamsters in exchange for ownership and governance rights in Global Aviation (largest commercial airline for the US military and a leader in passenger charter/air cargo); served on reorganized Board of Directors as selected Teamsters’ representative.− Advised on refinancing of debt and renegotiated/extended labor contract for YRC Worldwide, a large domestic trucking company.

• Directed complex restructuring of distressed companies on behalf of creditor groups, regulators and investors for a boutique investment bank; advised on/negotiated transactions from $80 million to $12+ billion across insurance, healthcare and basic materials sectors. • Led redevelopment of AMBAC Financial Group’s bond insurance unit; negotiated $12 billion settlement with domestic and international banks while preserving value for municipal policyholders.• Served as expert witness for management strategies of distressed companies and valuation/solvency disputes.

Managing Director, Global Banking (2006 to 2008)• Spearheaded initiatives to create new investment banking products and lead development of structured solutions to cross-sell between Investment Banking and Global Commodities Groups; drove strategic and competitive analyses to improve market positioning.• Served as member of the corporate Fairness Opinion Committee; advised on all M&A transactions and assessed shareholder fairness for each deal. • Consulted with Citigroup’s corporate CFO on investor relations efforts and developed response strategies to potential activist shareholders. Managing Director, Global Head of Corporate Sales & Divestitures (2002 to 2006)• Led team focused on divestitures and sell-side assignments for corporate clients and financial sponsors in the consumer products, automotive, financial services, technology and energy industries. • Established standards for side-sell processes and developed new auction practices to optimize deal terms and proceeds.• Hand-picked to review proposed Managing Director promotions across investment banking globally.Managing Director/Founder, Asia Pacific Mergers & Acquisitions (1998 to 2002) • Founded and led a Hong Kong-based M&A group covering $250 million to $8 billion transactions across financial services, real estate, automotive, shipping, technology and telecommunications.• Grew revenue to $60 million within three years, resulting in #2 ranking M&A practice by deal volume in the region.• Built and mentored a high-performing team; collaborated with calling officers across sectors and countries to provide product expertise for strategic dialogue with current and prospective clients.• Directed company’s first major Chinese corporate transaction and led subsequent Chinese IPO.

Managing Director/Founder, Financial Institutions Mergers & Acquisitions, Smith Barney (1996 to 1997)• Selected to launch and manage first specialized M&A team focused on financial services; negotiated $100 million to $6 billion global deals with insurance companies, banks, mortgage companies and financial data firms; drove $20 million in annual revenue.• Served as lead M&A banker on several major transactions including The Travelers Group and First Data Corp., and proposed the acquisition of Salomon Inc.Director, Mergers & Acquisitions Group, Smith Barney (1992 to 1996)Vice President, Mergers & Acquisitions Group, Smith Barney (1988 to 1992)