Management Team

Adnane Charchour George Bloom Rany Chacar Michael K. Forbes James Kaminski Susan Massaro Cameron Routh Anthony Scrimenti Joe Stensland David Watkins Michael Wiatrak

Adnane Charchour

President & CEO

As President & CEO of Scivantage, Adnane Charchour brings leadership, depth, experience, perspective and vision. With a distinguished and proven track record in the Financial Industry, Mr. Charchour helps Scivantage achieve its goals in providing superior technology based products and services in the broker-dealer space.

Mr. Charchour joined the firm from Fleet Securities, Inc., a leading clearing firm. As an officer and part of the technology executive team, he led the firm's e-technology strategy in the U.S. and abroad. Mr. Charchour ran an organization of over 60 people and was part of a handful of executives that launched SURETRADE.COM, a full end-to-end eBrokerage firm and a wholly owned subsidiary of Fleet Boston Financial. He repeated this success by helping many national and international banks and fund companies build online brokerage arms, including Fleet Bank and Strong Capital Management.

Prior to Fleet Securities, Mr. Charchour held various positions of responsibility at Automatic Data Processing/Brokerage Services Group (ADP) where he acquired a keen understanding of the ADP Back Office solution offering.

Mr. Charchour completed the Security Industry Institute program at Wharton School of Business at the University of Pennsylvania and earned his B.Sc. with Honors in Computer Science from St. John University in Queens, New York.

George Bloom

Senior Vice President, Sales

As Senior Vice President of Sales, George Bloom is responsible for the creation and execution of sales strategies for Scivantage's continued revenue growth in both existing and new markets. Mr. Bloom brings over twenty years of proven success in enterprise software sales and operations management to the Scivantage executive team.

Mr. Bloom joins Scivantage from Informatica Corporation, where he was VP of Global Sales for the Complex Data Exchange (CDE) Division. Informatica had acquired Itemfield Corporation where George was the VP of North America sales, in December of 2006. During his two year tenure, Itemfield/CDE achieved record revenue results, increasing over 250% in that time span, primarily by focusing on delivering solutions to the demanding business requirements of the Financial Services industry.

Prior to Itemfield, Mr. Bloom was the President of US Operations for StreamServe Corporation. George managed all aspects of the US organization, including Sales, Marketing, Business Development, Professional Services and Finance for this privately-held software company, which was founded in Sweden. Mr. Bloom's successful software sales career began at Oracle Corporation, where during his fourteen years he held a number of positions and progressed from Account Executive to National Sales Vice President. His multiple accomplishments include the creation of the Enterprise Technology Center, which delivered high value business solutions for Oracle's most demanding customers.

Mr. Bloom holds a Bachelors Degree from Columbia University and an MBA from Rutgers Graduate School of Management.

Rany Chacar

Senior Vice President, Deployment Services

As Senior Vice President, Deployment Services, Rany Chacar oversees Scivantage's strategic direction as the firm develops a suite of products and services for the brokerage industry. Mr. Chacar brings a proven ability to lead Scivantage in innovating and executing its strategic plan as well as depth in front office and back-office business and technology expertise.

Mr. Chacar joined the firm from Fleet Securities, Inc., where he was a Vice President in charge of the firm's Core Internet Services. In that capacity, Mr. Chacar worked closely with the senior management of established brokerage firms as well as new entrants to understand their vision and deliver strategic and tactical technology solutions to achieve them. Previously, Mr. Chacar held various positions of responsibility at Salomon Smith Barney where he last led the development and implementation of Salomon's Internet strategy and helped introduce, Salomon DIRECT, a breakthrough Internet sales channel as early as 1995. Prior to the Internet age, Mr. Chacar played a key role in developing Salomon's trading floor technology and automating their trading floor.

Mr. Chacar received, as a Stern Scholar, an MBA in Finance and International Business from New York University, an M.S. in Computer Science from Columbia University, and a Diplôme d'Ingénieur from the Ecole Centrale de Lyon in France.

Michael K. Forbes

Senior Vice President & General Manager

As Senior Vice President and General Manager of Financial Guidance, a division of Scivantage, Michael Forbes brings over 20 years of experience in product development, business operations and information technology management in the software and financial services industries. Mr. Forbes is responsible for leading the product development, marketing and deployment of wealth management products at Scivantage.

Prior to joining Scivantage, Mr. Forbes was President and CEO of Financial Guidance Solutions, Inc. (previously Unger Software Corporation). Under his direction, Financial Guidance Solutions launched a browser and central server solution so advisors can work both on-line and off-line to build financial plans for their clients. Additionally, the Company created and launched an easy to use toolset marketed as Financial Compass™ for users to simply and quickly solve single issue analysis for their clients. Mr. Forbes joined Financial Guidance as EVP, Product Development in July 2003.

Prior to joining Financial Guidance, Mr. Forbes gained significant experience in consumer financial management for Bank One (now JP Morgan Chase), leading their Consumer Lending Technology Group. There he oversaw Internet and other consumer credit solutions, as well as risk management solutions for credit-backed securities. Previously Mike worked for AB Volvo, as CIO of North America and in various technology management positions at Colgate-Palmolive.

Mr. Forbes holds a BA from Randolph-Macon College, a MBA in Finance from Pace University, and a postgraduate Executive Management Certificate from the University of Virginia, Darden Graduate School of Business.

James Kaminski

Senior Vice President & Chief Financial Officer

As Senior Vice President and Chief Financial Officer, James Kaminski is responsible for the overall leadership and management of Scivantage's financial operations, including corporate finance, investor relations, mergers & acquisitions and corporate accounting. Mr. Kaminski brings over 25 years of experience within the financial services sector where he has a proven track record of achieving corporate objectives and streamlining business operations.

Prior to joining Scivantage, Mr. Kaminski was a Department Controller at American International Group, Inc. (AIG), a leading international insurance organization, where he was responsible for analyzing and structuring finances of technology projects for their global infrastructure. Prior to AIG, Mr. Kaminski held senior level finance positions, such as First Vice President and CFO of Technology for Prudential Securities and Vice President and CFO of Corporate Technology Services for Prudential Insurance. In these roles, Mr. Kaminski managed large finance teams and was responsible for budgeting, finance, acquisitions and technology management.

Mr. Kaminski holds a bachelors degree from the University of Tampa and a MBA from the University of Miami.

Susan Massaro

Executive Vice President, Professional Services

As Executive Vice President, Professional Services, Susan Massaro is responsible for the overall leadership, management and operation of Scivantage's information technology professional services, leveraging financial services experience to benefit our customers. Ms. Massaro brings over 25 years of experience in computer, information technology and professional services businesses to this position. Ms. Massaro came to Scivantage from Nova.Corp., where she built and for five years led a nationwide Professional Services Organization with Fortune 500 clients delivering data center, facility, business continuity, relocation and staff augmentation services. This business unit was subsequently acquired by Scivantage.

Ms. Massaro was previously Senior Vice President of Professional Services with Qwest Communications International, where she managed a national division which developed and delivered managed services complimenting hosting products, e-business solutions, and the implementation of infrastructure for IP environments. Earlier, Ms. Massaro was recruited by Icon CMT Corporation to grow its Systems Engineering and Professional Services organization. Services included custom web-based solutions, network and system architecture, security offerings, and system administration. Ms. Massaro played a significant role in Icon's Initial Public Offering and subsequent sale and transition to Qwest Communications.

Ms. Massaro spent eighteen years of her career at Data General Corporation, where she held various technical and management positions in Systems Engineering and Professional Services, including Director of U.S. Professional Services. Since 1998, she has been a member of the Board of Trustees of Community Mutual Savings Bank in White Plains, New York.

Ms. Massaro holds a bachelors degree in Mathematics from the State University of New York at Binghamton.

Cameron Routh

Senior Vice President, Strategic Products

As Senior Vice President, Strategic Products, Cameron Routh is responsible for the overall vision, leadership and management of Scivantage's strategic product initiatives. Under his direction, Scivantage is developing the next generation of investment management applications, including pre-trade decision tools and portfolio performance reporting systems.

A financial services software industry veteran, Mr. Routh co-founded GainsKeeper, an early cost basis vendor, in 1999. For Scivantage, Mr. Routh incorporated the feedback from brokerages and mutual fund companies into the development of Maxit, the most comprehensive cost basis application available. He is now focused on bringing real-time, adjusted cost basis further into key investment tools such as after-tax performance reporting and portfolio rebalancing.

Mr. Routh has a strong understanding of the challenges in delivering complex systems to retail investors and a keen eye for identifying new product opportunities. His emphasis on developing partnership-level relationships with clients has led to unique, highly successful implementations.

As a pioneer in the field of cost basis reporting and on the frontlines of pending cost basis legislation, Mr. Routh has been quoted in the Financial Times, Forbes, Barron's, the Street, Securities Industry News and other national and industry newspapers, magazines and publications.

Mr. Routh previously worked for PaineWebber (UBS), Fidelity Investments and AIG. He earned an MBA from the University of Chicago Graduate School of Business and BA from Boston University

Anthony Scrimenti

Executive Vice President, Technology Infrastructure

As Executive Vice President, Technology Infrastructure, Mr. Scrimenti brings over thirty years of information technology, communications and operations experience to lead Scivantage's efforts in providing its clients with an efficient, highly available and secure financial services architecture. In this role he directs his organization in the management of Scivantage's production and disaster recovery infrastructure, ISP and service provider relationships, as well as key customer relationship management.

Prior to Scivantage, Mr. Scrimenti was President of Nova.Corp., a leader in internet data center and telecommunications facility design. He leveraged technology to create a scalable operation for Nova's existing construction management business and established a foundation for the significant growth of the firm. He also created Nova's profitable Information Technology Professional Services business practice, which was later acquired by Scivantage.

Mr. Scrimenti was previously Senior Vice President of Network and Hosting Operations with Qwest Communications International. His primary responsibility was building and operating Qwest's nationwide Internet hosting business as well as all of its ATM, Frame Relay, and IP networks. Mr. Scrimenti also held several senior management positions with Icon CMT Corp, Data General Corporation, Ortho Pharmaceutical Corp. and Nicolet and Wavetech Scientific Corporations.

Mr. Scrimenti holds a Bachelor of Science degree in Computer Information Systems from New Jersey Institute of Technology.

Joe Stensland

Senior Vice President, Product Management & Marketing

As Senior Vice President, Product Management & Marketing, Joe Stensland is responsible for overseeing the product and market strategy for Scivantage. Joe brings to Scivantage a proven track record in successfully launching, growing and managing technology products in the financial services market.

Most recently, Mr. Stensland was Vice President of Product Management and Business Development for Kenamea where he was responsible for driving the product, distribution and partnership strategy in the financial services market. Prior to Kenamea, Joe led product strategy and business development for Thomson's Retail Wealth Management Segment, including the Thomson ONE Advisor product line which is responsible for two of the largest technology transactions in the financial services industry. Prior to that, Mr. Stensland held several positions in product management and business development at Thomson Financial, where he launched Thomson Advisor, InvestmentView and several other product lines. Mr. Stensland also served as a sales representative at Aristotle International and as staff of the US Senate.

Mr. Stensland holds a Bachelor of Science in Business Administration from Colorado State University.

David Watkins

Senior Vice President, Software Architecture

As Senior Vice President, Software Architecture, David Watkins applies his real world proven experience developing software in the financial brokerage and communications industries. He has a solid background in all phases of systems development with an emphasis on developing high-performance, scalable, and flexible Internet trading technology platforms. Additionally, he brings a delivery oriented, iterative approach to system development that focuses on short-term delivery cycles.

Mr. Watkins joined the firm from Fleet Securities, Electronic Delivery Services where as Vice President, he lead Fleet's Strategic Internet Trading development. He built Fleet Securities' retail Internet trading platform which services upwards of 1 million registered users and 40 branded sites. He has held prior management positions at Electronic Data Systems and ADP Brokerage Information Services Group.

Mr. Watkins earned his MBA from Seton Hall University and a B.S. in Electrical Engineering from the University of Pittsburgh.

Michael Wiatrak

Senior Vice President, Relationship Management

As Senior Vice President of Relationship Management, Michael Wiatrak oversees all strategic client relationship and development activities. Mr. Wiatrak brings over 25 years of sales and information technology experience where he has a proven track record of achieving corporate objectives.

Mr. Wiatrak came to Scivantage from Qwest Communications where he was Director of Sales for Global and Middle-markets and Regional Vice President of Sales for their Internet Solutions division, which provided application hosting services.

Prior to Qwest, Mr. Wiatrak had management responsibility for sales to the financial markets, media and publishing at Icon CMT Corp, an Internet services and hosting company that had a successful IPO in 1998 and was subsequently purchased by Qwest. He also had sales management responsibility at Comdisco for their real-time application and data recovery services for the financial industry, focusing on trading and funds transfer applications.

Prior to his sales career, Mr. Wiatrak spent nine years in IT responsible for design and development of corporate systems. He attended William Paterson College for Business Administration and Marketing.