22.86" ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ Ashwin Kakani, CFA Niral Pratapray Kalaria, CFA Vikas Kalra, CFA Sambamurty Kambhampati, CFA Robert A. Kamins, CFA Amita Kancherla, CFA Prabhjot Singh Kandhari, CFA Byungil Daniel Kang, CFA Le Kang, CFA Eric H. Kao, CFA Tendayi Kapfidze, CFA Ira Lawrence Kaplan, CFA Kenan B. Kashlan, CFA Amritha Kasturirangan, CFA Diana Katz, CFA Thomas Robert Kaufman, CFA Rajiv Kaul, CFA Dimitri A. Kavalieros, CFA Dmitri Kaznachey, CFA Ting Ke, CFA Kevin J. Keating, CFA Patrick Thomas Kelly, CFA Geoffrey Ford Kennedy, CFA James Rogers Kennedy, CFA Arun C. Keswani, CFA Abu R. Khan, CFA Faiz Khan, CFA Imran A. Khan, CFA Deepak Khanna, CFA Rahul Ashok Khanwalkar, CFA David M. Khtikian, CFA John M. Kiang, CFA Venkatesh V. Kidambi, CFA John David Kidd, CFA Jaime Michelle Kiehn, CFA Elias-John N. Kies, CFA Robert G. Kilborn, CFA Bobby K. Kim, CFA Young Jun Kim, CFA David W. Kinsley III, CFA Marieta G. Kirilova, CFA Omar Arif Kitchlew, CFA Jonathan F. Kline, CFA Philipp K. Klingelhofer, CFA James M. Klingsporn, CFA Geoffrey Knoell, CFA Dustin Barrett Knoop, CFA Vanessa Alexandria Knowles, CFA Bongjoon Ko, CFA Mukul Kochhar, CFA Paul N. Koenig, CFA Desislava V. Kofetarova, CFA Stephen Kolano, CFA Thomas Norbert Kolinski, CFA Dmitry Koltunov, CFA Kristen Koluch, CFA Weipeng Kong, CFA Terrence Kontos, CFA Edward Koo, CFA Richard W. Kopcke, CFA Robert M. Kopera, CFA Alex Koppenheffer, CFA Slawomir Mark Korczakowski, CFA Adam Douglas Koser, CFA Ratnakar Kota, CFA Kamlesh Kothari, CFA Drew M. Kovalsky, CFA Adam Joseph Krajewski, CFA Nicole L. Kramer, CFA Raymond A. Kramer, CFA Tobias Krause, CFA Christopher Kresco, CFA Simon Charles Krinsky, CFA David A. Krisel, CFA Jason Krishnan, CFA Subramanian Krishnan, CFA Alexei N. Krylov, CFA Rebecca Ku, CFA Chun Wei Kuah, CFA Ellen (Xia) Kuang, CFA Cynthia Florence Kueppers, CFA Sachin P. Kulkarni, CFA Sandeep Kumar, CFA Vikram Kumar, CFA Jason Kuperman, CFA Mark Paul Kust, CFA Ryan Mark Kuyawa, CFA Boris Kuzmin, CFA Zann Cho Ping Kwan, CFA Justin Kwong, CFA Kar Han Kwong, CFA James C. LaDue, CFA Matthew Lagan, CFA Pranay Gupta Laharia, CFA Gena Lai, CFA Chi Kit Newton Lam, CFA Stephen A. Lancin, CFA Eric T. Lanshe, CFA Jose Larrabure, CFA Michelle M. Laryea, CFA Charles Bryan Lassiter, CFA Yuhin Felix Lau, CFA Jesse E. Laudon, CFA Scott F. Lavelle, CFA Kenneth N. LaVine III, CFA Abbott Wells Lawrence, CFA Gerard J. Lawrence Jr., CFA Barbara J. Leclerc, CFA Carter Hutchison Lee, CFA David Pei Lee, CFA Dong H. Lee, CFA Douglas Franklin Lee, CFA Eugene T. Lee, CFA Gregory R. Lee, CFA Han-Lin Lee, CFA Helena Eunah Lee, CFA James J. Lee, CFA John Joonsuk Lee, CFA Joon-Ho Lee, CFA Julie Chiashun Lee, CFA Jungmin Lee, CFA Margaret Y. Lee, CFA Nathaniel TaeHong Lee, CFA Philip J. Lee, CFA Philip W. Lee, CFA Ryan Bryce Lee, CFA Samuel Tat Lee, CFA Victor Lee, CFA Wei-Ang Lee, CFA Young Lee, CFA Steven Laurence Lefkowitz, CFA Patrick Jean Leger, CFA Gerald Evan Lenis, CFA Wilson Leong, CFA Derek Leung, CFA Eva Y. Leung, CFA Stefan M. Lewellen, CFA Tobias J. Lewis, CFA Han Li, CFA Hui Samantha Li, CFA John Hanson Li, CFA Jue Li, CFA Kevin Kai Li, CFA Nan Li, CFA Peter Xiaohu Li, CFA Wei Li, CFA Wen Xin Li, CFA Yingxiang C. Li, CFA Zhang Li, CFA Zheng Li, CFA Mingjia Liang, CFA Min Liao, CFA Alan Lichtenstein, CFA Adam Stanton Lilling, CFA Soohee Lee Lim, CFA Bryan YungHsun Lin, CFA David C. Lin, CFA MiaoShan Lin, CFA Ridwan Chen Do Lin, CFA Yin Lin, CFA Hollis DuPre Linginfelter, CFA Jason A. Lipschitz, CFA Jason Michael Lisowski, CFA Chunyen Liu, CFA Honping Liu, CFA Lei Liu, CFA Qingyu Liu, CFA Ricky Liu, CFA Sean Liu, CFA Shitao Liu, CFA Xiaobo Liu, CFA Mark W. Livesay, CFA Eric J. Livingstone, CFA Christopher Joseph Lloyd, CFA Philip John Lloyd, CFA Chris Chun Pong Lo, CFA Chu-Hung Lo, CFA Marianne D. Loew, CFA Christopher Lombardo, CFA Erin Colleen Long, CFA Frank X. Lopez, CFA Bryan E. Lopushinsky, CFA Pierce Lord, CFA Keri E. Lorincz, CFA Thomas Lynn Loughrey II, CFA Timothy John Louzonis, CFA Douglas L. Lovett, CFA Matthew W. Lowdermilk, CFA Guo Lu, CFA Stanley M.J. Lu, CFA Yansong Lu, CFA Gideon B. Lubin, CFA Michael Lucarelli, CFA Varun M. Lumba, CFA Robert Lung, CFA Nai Luo, CFA Amber C. Luong, CFA Corey David Luskin, CFA Joseph R. Lussier, CFA Michael J. Lynch, CFA Chi-Chan Lyu, CFA Li Ma, CFA Qinqin Ma, CFA Tianyu Frank Ma, CFA Zhen Ma, CFA Robert K. Macarthur, CFA Lily W. MacLean, CFA Ryan C. MacLean, CFA Jody Madala, CFA Arjun Madan, CFA Weldon Lorenzo Maddan, CFA Christopher Madden, CFA Elena Madjarova, CFA Jacqueline C. Maduneme, CFA Eric S. Magac, CFA Thomas C. Mahoney Jr., CFA Christian Henning Maier, CFA Jonathan Seth Malawer, CFA ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ These exceptional individuals have successfully completed the three levels of the CFA Program and worked as investment professionals for a minimum of four years. As CFA charterholders, they are fully prepared to lead the financial industry in pursuit of excellence, having demonstrated comprehensive knowledge of finance and analytics, and, just as importantly, commitment to the highest standards of ethical and professional conduct, of which their employers and clients will be the true beneficiaries. Regardless of where their careers take them, may they always be guided by these same benchmarks. ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ Globally, 6,427 individuals became charterholders in 2007. The 1,548 shown here represent the Eastern United States. ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ Rodrigo Reis Abenza, CFA Edward Marc Abraham II, CFA Joseph J. Abramczyk, CFA Adam S. Ackerman, CFA Kahlil Adam, CFA Ronald James Adams, CFA Simon Adell, CFA David J. Adler, CFA Michael Benjamin Adler, CFA Timothy Robert Adler, CFA Ankush Agarwal, CFA Anshul Agarwal, CFA Abhinav Aggarwal, CFA Felise Lauren Agranoff, CFA Darryl Ah Now, CFA Fouad Hassan Ahmed, CFA Anuj Ahuja, CFA Abhijit Ramdas Akella, CFA Tahsin I. Alam, CFA Andrew A. Alan, CFA Sevilay Alan Bouwer, CFA Jason Todd Albert, CFA Jennifer Kermeen Albrecht, CFA Alysia Irene Alcorn, CFA Charles William Alcorn, CFA Richard K. Alger, CFA Kristina M. Alimard, CFA Brian Alldredge, CFA Brian David Allen, CFA Sean M. Allen, CFA Charles Spencer Allison, CFA Meera Amin, CFA Akshay Anand, CFA Gregory T. Anastasio, CFA Patrick John Andersen, CFA Susan Kay Anderson, CFA Wayne C. Anderson, CFA Tony William Andreas Andersson, CFA Nathan A. Angel, CFA Luke T. Antolini, CFA Anthony P. Antonelli, CFA Scott R. App, CFA Guillermo Rafael Araoz, CFA Chadwick A. Arcinue, CFA Charles J. Arduini Jr., CFA Thomas Whit Armstrong, CFA Timothy John Armstrong Jr., CFA Samuel Alan Arnold, CFA Emmanuel Arnould, CFA Saurabh Arora, CFA Christopher William Arthur, CFA Somyos Assamongkol, CFA Rishi Aswani, CFA Marios Charilaou Athanasiadis, CFA Thomas Joachim Augustin, CFA Vladislav Atanasov Avramov, CFA Arkady Axelrod, CFA Russell R. Ayan, CFA Ricky T. Babich, CFA Abigail Olken Babson, CFA William Louis Bachrodt, CFA Michael A. Bailey, CFA Amit Bajaj, CFA Maneesh Bajaj, CFA Bryan Emerson Bakardjiev, CFA David Patrick Ball, CFA Robert P. Ball, CFA John C. Banko, CFA Rima Bansal, CFA Kenny Bao, CFA Paul C. Barbehenn, CFA Aileen Barbiellini Amidei, CFA Christopher Michael Barbier, CFA Tanya L. Barnes, CFA Murray A. Barnett, CFA Bradley C. Barnhorst, CFA Bradley A. Barr, CFA Jose Mauro Barros, CFA Jordan N. Barrow, CFA Stephen P. Barry, CFA Renato O. Basanta, CFA Diane J. Basile, CFA Karen C. Basu, CFA Zachariah David Bauer, CFA William Gordon Beach II, CFA Todd Nicholas Bean, CFA Christopher Matthew Beaulieu, CFA Marc D. Becker, CFA Brent Bell, CFA Jeffrey R. Bellavance, CFA Charles Joseph Bellavia, CFA Corey A. Benjamin, CFA Renee T. Bergeron, CFA Justin L. Bergner, CFA Kyle J. Bergquist, CFA Marc Rheal Bernard, CFA Jeffrey Scott Berryhill, CFA James R. Besse, CFA Justin P. Besspiata, CFA Sergio A. Betancourt, CFA Karan Bhatia, CFA Sameer Bhatia, CFA Marc G. Bianchi, CFA Caren B. Bianco, CFA Eric B. Bickford, CFA David Eric Binns, CFA Kjetil M. Birkeland, CFA David Paul Bjorndal, CFA Theodore G. Blake, CFA Charles K. Blank, CFA Tomasz T. Blazejowski, CFA Vera Debbie Bobovnikova, CFA Christopher J. Boesch, CFA Shirin A. Bohra, CFA Jess Everett Bolkcom, CFA James Robert Bonds, CFA Allina F. Boohoff, CFA Joanna Lynn Booth, CFA David E. Bornside, CFA Nathaniel J. Boroff, CFA Alan P. Borrelli, CFA Josh C. Bouchard, CFA Jeffrey David Bova, CFA Scott Bowen, CFA Austin P. Bowker, CFA Chad A. Bowlin, CFA Robert T. Boyce III, CFA Isida Bozo, CFA Frank W. Braden II, CFA Nathaniel J. Brahm, CFA Adam Charles Breen, CFA Eric J. Brenden, CFA Nicholas Adam Brett, CFA Arturo Enrique Brillembourg, CFA Kevin Michael Brillhart, CFA David H. Brink, CFA Gregory R. Bronner, CFA Nellie Anne Bronner, CFA Seth Marc Brotman, CFA Christopher Patrick Brown Jr., CFA Michael A. Brown, CFA Alex C. Bud, CFA Bartosz Adam Budyta, CFA ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ Leonard T. Daskus, CFA Siddhartha Ghosh Dastidar, CFA Constantine K. Davides, CFA Kipp R.F. Davis, CFA Sean Patrick Davis, CFA Edward J. de Arcos, CFA Nerone Marques De Brito Jr., CFA Aureliano De Castro, CFA Ralph Anthony De Feo, CFA Philip Gabriel DeFelice, CFA Douglas Henry DeLong, CFA Warren Phillip Delp, CFA Michael DeMayo, CFA Matthew Demchyk, CFA John C. DeMoss Jr., CFA Jason J. Dempsey, CFA Gregory M. Dempster, CFA Qing Deng, CFA James Eugene Dennard Jr., CFA Kevin J. Deren, CFA Jennifer Kristine DeSisto, CFA A. Reed Deupree, CFA Jeffrey S. DeVack, CFA Patrick C. Devery, CFA Erin Elizabeth Devine, CFA Amar Singh Dhanoya, CFA Timothy Phillip Dias, CFA Enrique Diaz-Alvarez, CFA Ritchie A. Dickey Jr., CFA Scott M. Dicus, CFA Jason Andrew Dilks, CFA Elliott A. Dix, CFA Ryan Alexander Dobratz, CFA Thomas Justin Dodd, CFA Brian Francis Doherty, CFA Frank Helmut Dohl, CFA Aaron D. Dolgoff, CFA Jaime Domenech, CFA Daniel S. Domino, CFA Christopher R. Donat, CFA Sen Dong, CFA Ryan P. Donovan, CFA Rina Doshi, CFA Joseph P. Dougherty, CFA Demetrios Peter Dounis, CFA Brian A. Drew, CFA Sergey L. Dubin, CFA Stanislaw Dudka, CFA Pavle Dudukovski, CFA Petar Dudukovski, CFA Francois Duflot, CFA Brian A. Duke, CFA Gregory Scott Dunn, CFA Thomas L. Dunn Jr., CFA Andrew W. Dupee, CFA Arnaud Dupoizat, CFA Bryan F. Durand, CFA Emmanuel Durand, CFA David S. Dusenbury, CFA Edil S. Dushenaliyev, CFA Sunanda Dutta, CFA Dennis Patrick Dwyer, CFA Charles Robert DyReyes, CFA Joshua Eastright, CFA Patrick Andrew Edelmann, CFA David M. Egan, CFA Thomas C. Einhorn, CFA Jordan Eisenberg, CFA Paul William Elia, CFA Matthew Ryan Emery, CFA Joris Esch, CFA Albert Eskenazi, CFA Brian Scott Evans, CFA ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ F-J ◆ ◆ Svetlana A. Getman, CFA Eric William Gettleman, CFA Douglas H. Getty, CFA Vishal Virendra Ghiya, CFA John D. Gibbons, CFA Suzan Hayley Gibbs, CFA Mark McKinley Gilbreth, CFA James T. Giles III, CFA Vladislav V. Gilevskiy, CFA Roger B. Gill, CFA James T. Gillies, CFA Jason Gingerich, CFA Eli Giombi, CFA George P. Gipp, CFA Alexander S. Gitomer, CFA Kimberly Gladman, CFA David Steven Gober, CFA Thomas Goebel, CFA Aikli Goh, CFA Todd H. Goldberg, CFA Mari K. Goldenberg, CFA Andrew Scott Goldfarb, CFA Glenn Goldstein, CFA Carlos Gomez-Ramos, CFA Maria Gabriela Gonzalez, CFA Thomas Welles Goodrich, CFA Charles Alan Goohs, CFA Atanas H. Goranov, CFA Matthew A. Gordon, CFA Peter H. Gore, CFA Dean Derrill Goulet, CFA Anshuman Goyal, CFA Tjerk J. Grasman, CFA Dimitri V. Grechenko, CFA Chris J. Green, CFA Dionne Nicole Green, CFA Justin Gamble Gregory, CFA William Grey, CFA Bond Hunter Griffin, CFA Emily Thal Griffith, CFA Douglas Marshall Grim, CFA Jason Zachary Gross, CFA Christopher T. Grubb, CFA Robert Daniel Gruendyke III, CFA Rong Gu, CFA Sridhar Gudluru, CFA Carl S. Guerin, CFA Colin John Guheen, CFA Lindi Gui, CFA Michael D. Guido, CFA Adrian Gulich, CFA Peng Guo, CFA Ashish Gupta, CFA Neelam Mihir Gupta, CFA Parul Gupta, CFA Jim H. Ha, CFA Jonathan W. Hagelstein, CFA Jonathan R. Hagen, CFA Youngseok Paul Hahn, CFA Wojciech Hajduczyk, CFA Carl Randlett Hall, CFA John James Halpin, CFA Andrew Hamilton, CFA Karl D. Hamming, CFA Sung Keun Han, CFA Tongli Han, CFA Matthew C. Hand, CFA John L. Hanisch Jr., CFA David George Hanley Jr., CFA William Michael Hannon, CFA Matthew Pierce Hanson, CFA John F. Hanuschak, CFA Matthew Olds Harbert, CFA Jason Edward Harbes, CFA Stephen P. Hardin, CFA Priya Hariani, CFA James Russell Harlow, CFA Jessica S. Harn, CFA Justin P. Harrison, CFA Robert Andrew Harrison, CFA Brian Phillip Hart, CFA Erik Albert Hartog, CFA Joseph W. Hartswell, CFA John J. Harzich III, CFA Samuel D. Haskell, CFA Scott Patrick Hastings, CFA Tara M. Hauk, CFA David Walter Hauner, CFA Jaroslaw C.K. Hawrylewicz, CFA Sharon Lynn Hayman, CFA James G. Heaney Jr., CFA Kenneth Heavey, CFA J. Davis Hebert, CFA Susan W. Heho, CFA Scott Heitlinger, CFA Adam D. Helfman, CFA Jeffrey David Henderson, CFA Melissa C. Henderson, CFA Gerald F. Hendricks, CFA Ryan Anthony Henley, CFA Christopher L. Henry, CFA Allen Alberto Hermon, CFA Kristian Ness-Hansen Heugh, CFA Edward Burris Heyn, CFA James S. Higgins, CFA George B. Hinton, CFA Jabulani Jumoke Hinton, CFA Hung Q. Hoang, CFA James Patrick Hochleutner, CFA Shannon C. Hoff, CFA Benjamin S. Hoffman, CFA Eric S. Hoffmann, CFA Frank Hofmann, CFA Samantha K. Hoh, CFA Mark H.G. Hollak, CFA Jeremiah K. Holly Jr., CFA Keon Tierre Holmes, CFA Bomy Monica Hong, CFA Kinam Hong, CFA William S. Hong, CFA Jason M. Hoody, CFA Brett Michael Hopkins, CFA Jonathan P. Horner, CFA Tao Hou, CFA Brian M. Hough, CFA Robert James Houle, CFA Eric Howe, CFA Laura M. Howenstine, CFA Karen Howland, CFA Jane Yung-Yi Hsu, CFA Michael Yan Wen Hsueh, CFA Chi-Min Odile Hu, CFA Xiaorong Hu, CFA Yang Hu, CFA Hsin-Ping Huang, CFA Juetian Huang, CFA Eric T. Huff, CFA Christian S. N. Huffman, CFA Noah I. Hugenberger, CFA Craig A. Huie, CFA Carl R. Hunermund, CFA Thomas P. Huntington, CFA Michaela Huser, CFA Eric M. Hyde, CFA Adam Ilkowitz, CFA Vincent Illiano, CFA Erika O. Inanc, CFA Ruhan Inanoglu, CFA ◆ ◆ ◆ ◆ Ali H. Fahs, CFA Rui Guo Falcon, CFA Hsin-Ju Fan, CFA Kingchih Fan, CFA Qi Fan, CFA Tianqi dave Fang, CFA Michael Fuad Farah, CFA Evi Farida, CFA Jessica Winther Fedderly, CFA Carlos R. Feged, CFA Noah W. Feinstone, CFA John H. Fellingham, CFA John B. Femino, CFA David Feng, CFA Hao Feng, CFA Jie Feng, CFA Brian J. Fenley, CFA Brian Andrew Fenske, CFA Douglas Marten Fenton, CFA John Paul Ference, CFA Jill A. Ferguson, CFA Herman Fernandez, CFA Alvaro Ferrand, CFA Ioulia Filippova, CFA Matthew Paul Fine, CFA Joseph Finer, CFA Samira Fink, CFA Joseph M. Fischer, CFA Whitney Pearce Fitts, CFA Christopher Judd Fitze, CFA Andrew Francis Flahive, CFA Conrad O. Flake, CFA Brian Patrick Flanagan, CFA Jason Edward Flowers, CFA Mark Leslie Foley, CFA Richard Francis Fonash, CFA Marvin Fong, CFA James M. Ford, CFA Aaron R. Foresman, CFA David R. Fossella, CFA Frederic Fournier, CFA Cory A. Frank, CFA Kevin Michael Fratpietro, CFA Maofeng Fu, CFA Robert Z. Fu, CFA Yina Fu, CFA Ricardo Enrique Funes, CFA Peter Louis Gabriele II, CFA Anuradha Gaggar, CFA Brady Matthew Gailey, CFA John Thomas Gallagher, CFA Shawn Michael Gallagher, CFA Christopher Peter Galle, CFA Jai Ganesh, CFA Brenna P. Gannon, CFA Dariusz Garbowski, CFA Felipe Garcia, CFA Daniel F. Gardella, CFA Alok Garg, CFA Aseem Vikas Garg, CFA Timothy Paul Garrett, CFA Scott D. Garsson, CFA Justin Aquinas Gaul, CFA Micah T. Gauntner, CFA Igor Gavrilov, CFA Thomas Gefell, CFA Reto Geissbuehler, CFA Andrew Gellert, CFA Mark N. Gerber, CFA Lev Gerlovin, CFA ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ❖ ◆ ◆ ◆ ◆ K-O ◆ Thomas John Buehler, CFA Gabriel John Buerkle, CFA Norbert Buffard, CFA Pui Wai Bun, CFA Peyton Carter Bundy, CFA Brian Barefoot Bunn, CFA Anthony A. Burdin, CFA Allan E. Burgess Jr., CFA Eric R. Burgess, CFA Brian J. Burke, CFA Christopher N. Burnham, CFA Nathan Francis Burns, CFA Christopher Adam Burton, CFA Cynthia P. Bush, CFA Daniel T. Bussiere, CFA Faisal Butt, CFA Michael Buttenhauser, CFA Julia Bykhovskaia, CFA Julian Mason Bynum, CFA Jon H. Byun, CFA Ryan B. Cain, CFA Matthew Edward Cajda, CFA Andres Calderon Sr., CFA Michael Louis Camarella, CFA Juan Carlos Cano, CFA Li Cao, CFA Rong Cao, CFA Yan Cao, CFA Christopher Capobianco, CFA Frank N. Cappelleri, CFA Bill Carcache, CFA Norman Samuel Carew, CFA Peter C. Carlson, CFA Marie Elise Carner, CFA Justin Phillip Carr, CFA Matthew T. Carroll, CFA Justin Tate Caruso, CFA Andrew B. Carver, CFA Antonio C. Casal, CFA Thomas A. Casarella, CFA Benjamin C. Case, CFA Ethan Robert Case, CFA Ryan K. Casey, CFA Constance Melinda Cataldi, CFA Brendan P. Cavanaugh, CFA Angel A. Cedeno, CFA Guillaume Philippe Cendrier, CFA Jasmeet S. Chadha, CFA Sahiba Chadha, CFA Geoffrey Daniel Chamberlain, CFA Walter Javier Chamorro, CFA Alex Chan, CFA Bun-Kit Chan, CFA Kai Cho Vincent Chan, CFA Jeffery Yi-Bing Chang, CFA Jennifer Chia-Lin Chang, CFA Lu Chang, CFA Carolyn T. Chao, CFA Marcelo Charifker, CFA Douglas M. Charles, CFA James Andrew Chartier, CFA Sean M. Chatburn, CFA Aloke Chatterjee, CFA Panagiotis K. Chatziplis, CFA Sonu Chawla, CFA Martin K. Cheatham, CFA Bridget Chen, CFA Claudia Kuangchyi Chen, CFA Eric Q. Chen, CFA James X. Chen, CFA Jiakai Chen, CFA Kelly Chen, CFA Nichole Yingying Chen, CFA Oliver Si Yuan Chen, CFA Shuhui Chen, CFA Suwen L. Chen, CFA Wen-Bin Chen, CFA Xiaolan Chen, CFA Yanni Chen, CFA Zheng James Chen, CFA Dale Lawrence Cheney, CFA Feier Cheng, CFA Hang Cheng, CFA Man Wah Cheng, CFA Matthew J. Chesson, CFA Michael Y. Cheung, CFA Vivian Cheung, CFA Lisa M. Chin, CFA Mousumi Chinara, CFA Julia Y. Chinn, CFA Alisa Chintakananda, CFA Paul N. Chisholm, CFA Steven E. Chittenden, CFA Stephen Chiu, CFA Edwin M. Choi, CFA Hyung Suk Choi, CFA Sheng-Hui Elaine Chou, CFA Abhijit M. Choudhary, CFA Anson Chow, CFA Choiwah Chow, CFA Kevin F. Choy, CFA Angelo A. Chrysoulakis, CFA Chua Lee Siong, CFA Stephanie Kline Tan Chua, CFA Vikram Chugh, CFA Joseph W. Cicco, CFA Brent Ciliano, CFA Dan Cioaca, CFA Steven E. Civera, CFA Peter G. Clare, CFA Hadley C. Clark, CFA Andrew W. Cobb, CFA Jason M. Coburn, CFA Sorin Cristian Codreanu, CFA Colette Coffman, CFA Amanda McComb Cogar, CFA David B. Cohen, CFA Jaime B. Cohen, CFA Richard John Colavecchio, CFA Christopher Thomas Collins, CFA Jason T. Collins, CFA Richard K. Collins Jr., CFA Kevin Sean Colton, CFA Benjamin D. Connard, CFA Daniela Susan Constantino, CFA Adam S. Cook, CFA Christopher L. Cook, CFA John Creighton Cooke, CFA Brett Young Cooper, CFA Ari Cooperman, CFA Marc S. Cooperman, CFA Kris E. Corbett, CFA Ryan Drew Cortner, CFA Neal P. Costello, CFA Jeffrey M. Covell, CFA Michael Anthony Craighead, CFA Adam David Crocker, CFA Carolyn Meyer Crooks, CFA Pierce B.T. Crosbie, CFA Joseph A. Crowell, CFA Sadik Culcuoglu, CFA Stacy Fleck Cunningham, CFA Michael J. Curley, CFA Elizabeth B. Dabney, CFA Marcelle Daher, CFA Saleh Daher, CFA Kalle M. Dahl, CFA Ember Willow Marie Dahlvig, CFA Long Dai, CFA Nicholas John Daly, CFA Andrew Harvey Daniels, CFA ◆ ◆ ◆ A-E Sidharth Malhotra, CFA Eric L. Mallis, CFA Gaurav Shukla Mani, CFA Michael Anthony Mannarino, CFA James Michael Manning, CFA Melanie Manning, CFA Margaret Lewis Marchant, CFA Philip A. Marchese, CFA Yair Marcow, CFA Darren B. Marcus, CFA Jonah S. Marcus, CFA Mark Israel Marcus, CFA Romauld Mariaantony, CFA Paul John Marinelli III, CFA Jason Thomas Marino, CFA Aneta Barbara Markowska, CFA Vesta U. Marks Jr., CFA William Curtis Markwell, CFA John O. Marron, CFA David P. Marsh, CFA James Chandler Martin Jr., CFA Alfredo Martinez, CFA Anna Martynova, CFA Michael A. Mascaro, CFA Marc P. Maselli, CFA Brendon Edward Mason, CFA David Masse, CFA Philip M. Mastil, CFA Anthony J. Mastrocola, CFA Michael P. Mastronardi Jr., CFA Mayuresh M. Masurekar, CFA Gregory M. Mateja, CFA Scott Thomas Matheson, CFA Sam Alexander Mathias, CFA Gil Mathis, CFA Nimish Mathur, CFA Aki Matsui, CFA Chikako Matsumoto, CFA Mitsuru Matsushima, CFA George M. Matta, CFA John Michael Mauro, CFA Connor A. May, CFA Austin Charles Mayberry, CFA Heather Marye Mayes, CFA John Paul McAlenney, CFA Ryan P. McAllister, CFA Frederick Russell McAuley, CFA Kieran John McCabe, CFA Michael Helmut McCarthy, CFA Robert Douglas McCarthy, CFA James Robert McCartney IV, CFA Philip McCarty, CFA Christopher McCormack, CFA Jeffrey Daniel McCormack, CFA John Robert McCracken, CFA John J. McCullough, CFA Thomas A. McCullough, CFA George R. McCurdy IV, CFA F. Scott McDermott, CFA Peter J. McDonald, CFA Shaun M. McDonnell, CFA Maura K. McFadden, CFA Daniel F. McGovern, CFA Corey S. McGuire, CFA Jeremiah Francis McGuire, CFA Andrew F. McIntire, CFA John A. McLaughlin, CFA Ryan C. McLaughlin, CFA Brendan Joseph McMahon, CFA Douglas L. McNeill, CFA Brian Patrick Meaney, CFA Patricia Elsa Meave, CFA James T. Meehan, CFA Manish D. Mehta, CFA Todd C. Meier, CFA Mark J. Menapace, CFA Abelardo Mendez III, CFA Bingchuan Meng, CFA Xiangxiu Meng, CFA Danielle J. Menichella Allen, CFA Gregory R. Mennis, CFA Marco A. Merino, CFA Douglas Robert Mewhirter, CFA Tao Mi, CFA Andreas Giles Michalitsianos, CFA Anthony J. Migliozzi, CFA Christopher R. Mikes, CFA Robert H. Milam, CFA Scott Elliott Miles, CFA Daryn Miller, CFA Justin Fidele Miller, CFA Michael A. Miller, CFA Dennis P. Milton, CFA Kishore Kumar Mitikiri, CFA Manish Mittal, CFA Michael J. Mix, CFA Yanjing Mo, CFA Michael J. Molnar, CFA Curt N. Monday, CFA Matthew L. Mongon, CFA Dennis Anthony Monohan, CFA Brian W. Monteleone, CFA Gretchen Bethine Montgomery, CFA John R. Montgomery, CFA John T. Monti, CFA Kyounghwan Moon, CFA Dylan C. Moore, CFA William Ernest Moore, CFA Brian Mora, CFA James S. Morrow, CFA Steven Michael Morton, CFA Itay Moshenberg, CFA Scott J. Motta, CFA Daniel Moudy, CFA Eric Paul Mueller, CFA Jack Mui, CFA Elizabeth A. Muirhead, CFA Thomas W. Mulligan Jr., CFA Ian Thomas Murdock, CFA Ryan Evan Murphy, CFA John Morgan Murray, CFA Thomas Michael Murray, CFA Trevor Thomas Murray, CFA Packiaraj Murugan, CFA Li Helen Na, CFA Shervin E. Nafisi, CFA Shazi Naiyer, CFA Nipun Nanda, CFA Michael David Nanney, CFA Akila Narayanan, CFA Carlos Narvaez, CFA Benjamin Roger Nastou, CFA Niren Nazareth, CFA Ndeye Codou Ndiour, CFA Stuart James Neilson, CFA Andrew Paul Nelson, CFA Ryan Michael Nelson, CFA Mladen Nesic, CFA Eric Neubert, CFA James S. Newman, CFA Eric P. Ng, CFA Jason W. Ng, CFA Rachel W. Ng, CFA Cynthia W. Ngai, CFA Eve Ngan, CFA Don T. Nguyen, CFA David P. Nichols, CFA Daryl Robert Niemczyk, CFA Akiva M. Nimchinsky, CFA Matthew S. Nirenberg, CFA Yanzhong Niu, CFA Carl W. Noble, CFA Vincent P. Nocerino, CFA Patrick E. Nolan, CFA Peter D. Nolan, CFA George Frederick Nolde, CFA Jorge Manuel Noronha, CFA Hugo Alejandro Novaro, CFA Neeti Nundy, CFA Celeste L. Oakley, CFA Edosa Obayagbona, CFA Jason Martin Obenhaus, CFA Gregory R. Obenshain, CFA Thomas Obudho Obuya, CFA Jason Thomas O’Connell, CFA Joseph Anthony O’Connor, CFA Patrick Joseph O’Connor, CFA Olawale G. Odeyemi, CFA Brendan Denis O’Dwyer, CFA Sara Beth Ogiony, CFA Oluyemi A. Ogundero, CFA Candida S. Ohnysty, CFA Thomas J. O’Keeffe Jr., CFA Brendan Francis O’Leary, CFA Dennis J. O’Leary, CFA Conrad Joseph Olenik Jr., CFA Jessica R. Oleson, CFA Luis Carlos Olguin, CFA Paul L. Oliva, CFA David Ryan O’Meara, CFA Takeo Omori, CFA James Clifford Omstrom, CFA Adrian O’Reilly, CFA Noel Michael O’Reilly, CFA Joshua Garrett Ortego, CFA Adolphus Busch Orthwein III, CFA Ross O’Toole, CFA Hau Ou Yang, CFA Onur Oz, CFA Saffet Emre Ozbalci, CFA ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ P-T ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ CFA COR P70665A January 11, 2008 2:36 PM Pg 1 P1 ART STATUS: OK mlebourvea BLEED: na LIVE: 22.86”x21” AD: QW/MP PROOFREADER DATE CW: hvl PROJECT MANAGER DATE PM: mm ART DIRECTOR DATE COPY WRITER DATE CREATIVE DIRECTOR DATE ACCOUNT EXECUTIVE DATE Q.C. DATE OK for Release DATE CFA - Charterholder Spread (Eastern) AE: Eliza PUBLICATION Wall Street Journal (Eastern) Colors: Black Graphics: CFA_Logo_STD1_blk.eps Fonts: ACaslon Italic, ACaslon Regular, Wingdings, Wingdings 2, Zapf Dingbats, TradeGothic, TradeGothic Bold, TradeGothic Light, Helvetica 1/17/2008 Approvals TRIM: na COLOR: bw COMMENTS: Gutter bleed 1.12” ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ U-Z ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ Justin Alexander Ucko, CFA Raghavendra S. Udupa, CFA Kevin Michael Uhrich, CFA Nikhil Uppal, CFA Tanaya Vaidya, CFA Mathew H. Van Alstyne, CFA Kevin Michael Van Dam, CFA Carl Gerret Van Duyne, CFA Matthew Jordan Van Dyne, CFA Daken J. Vanderburg, CFA Nicholas J. Vantzelfde, CFA Raman Vardharaj, CFA Amit Varshney, CFA Vasim Vasgare, CFA Jorge Samuel Marco Vasquez, CFA Roberto Alejandro Vasquez, CFA Catherine Ellen Vaughn, CFA Pavel R. Vaynshtok, CFA Sivakumar C. Veerapandy, CFA Ronald J. Veith II, CFA Kishore B. Velamakanni, CFA Balachander Venkataramanan, CFA Scott Cary Verlander, CFA Joseph A. Verrillo, CFA Tomas Vezauskas, CFA Jose Luis Villanueva Sr., CFA Charles Lerone Vincent II, CFA Yen May Voo, CFA Aldo Salvatore Vultaggio, CFA Jesse A. Wachs, CFA Ryan John Wagner, CFA Brian M. Walls, CFA Thomas L. Walsh Jr., CFA Myles Alexander Walton, CFA Sean William Walton, CFA Jeffrey Thomas Walwyn, CFA Wan Sheliza Wan Zulkifli, CFA Gordon Xiang Wang, CFA Keyu Wang, CFA Lei Wang, CFA Qin Wang, CFA Rong Wang, CFA Wei Wang, CFA Xianling Wang, CFA Xiaoyou Wang, CFA Xueqin Wang, CFA Yong Wang, CFA Eric G. Warasta, CFA Adam Marshall Ware, CFA Nanuk Warman, CFA Andrew B. Warner, CFA Chris Watson, CFA James C. Watson, CFA Alice E. Wattley, CFA Elizabeth C. Weber, CFA Winston Chieh Tsun Wei, CFA Marcus S. Weickel, CFA Damian Joseph Weidmann, CFA Thomas Campbell Weigle, CFA Steven A. Weinberg, CFA Brian A. Weiss, CFA Matthew Andrews Whalley, CFA Austin Lee Wheeler, CFA Colby R. Wheeler, CFA Mark P Whiskeyman, CFA Wade Adam White, CFA Jason Bradley Whitlatch, CFA Thomas Kirk Whitney, CFA Clayton Christopher Williams, CFA Eric Samuel Williams, CFA Campbell M. Wilson, CFA David R. Wilson, CFA Dean Alexander Wilson, CFA Graham Fox Wilson, CFA John David Wilson, CFA Steven Blair Wilson, CFA Suzanne R. Wingo, CFA Marc D. Winniford, CFA Weldon John Wirick IV, CFA Jorgen N. Wit, CFA Justin Seely Wohler, CFA Carissa H. Wong, CFA Helen K. Wong, CFA John C. Wong, CFA Valerie Ann Wong, CFA Pei Wei Woo, CFA Janelle E. Woodward, CFA Matthew R. Wooten, CFA David G. Wright, CFA Kejian Wu, CFA Lin Wu, CFA Pei-Chang Wu, CFA Xiaodong Wu, CFA Xiaohui Wu, CFA Wenxia Xian, CFA Kexiang Xiang, CFA Xiang Xie, CFA Haiyun Helen Xing, CFA Huaiyu Xiong, CFA Fei Xu, CFA Haitao Xu, CFA Jack Xu, CFA Jing Xu, CFA Min Xu, CFA Weibin Xu, CFA Yuanyuan Xue, CFA Samantha Yablon, CFA Eugene Yampolsky, CFA Lian Yan, CFA Lin Yan, CFA Sheung Sun Yan, CFA Wei Yan, CFA Liu Yang, CFA Tsuchin Michael Yang, CFA Xuemei Yang, CFA Yan Yang, CFA Xiang Yao, CFA Koji Yasuno, CFA Tzyy-Ming Yeh, CFA Wayne Yi, CFA Zhengliang Yi, CFA Anthony L. Yip, CFA Chi Fong Yiu, CFA James H. Yockey, CFA Daniel Chonki Yoo, CFA Steven A. Young, CFA Kyle C. Youngblood, CFA Cheng-Tao Yu, CFA Chunyu Yu, CFA Guang Yu, CFA Hang Yu, CFA Jasmine Zhong Yu, CFA Jun Yu, CFA Zhaoou Yu, CFA Zheming Yu, CFA Chi Yuan, CFA Peter Yuen, CFA Yeang-Yeow Yuen, CFA Lee-Young Yun, CFA Genc M. Zaja, CFA Christina Ann Zaloum Ungaro, CFA Mark Arthur Zeizel, CFA Ariel Zelezniak Berezowski, CFA Yevgenia V. Zemlyakova, CFA Julia Fiero Zerling, CFA Gary Zhang, CFA Huwei Zhang, CFA Jian Zhang, CFA Jubao Zhang, CFA Liye Zhang, CFA Mengruo Zhang, CFA Peng Zhang, CFA Sisi Zhang, CFA Wei Zhang, CFA Yanyan Katherine Zhang, CFA Yi Zhang, CFA Yi Zhang, CFA Yue Zhang, CFA Zhang Zhidong, CFA Lei Zheng, CFA Beibei Zhou, CFA Jie Zhou, CFA Julia J. Zhou, CFA Ling Zhou, CFA Peng Zhou, CFA Shanggang Zhou, CFA Tony G. Zhou, CFA Xinfeng Zhou, CFA Xuelong Zhou, CFA Mei Zhu, CFA Wei Zhu, CFA Wei Zhuo, CFA Matt F. Zibell, CFA Igor Y. Zilberman, CFA John Patrick Zito, CFA Mark E. Zoladz, CFA Christophe Zosso, CFA Maria Zubov, CFA Haobo Zuo, CFA ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ Learn more about the CFA Program, member services and support at www.cfainstitute.org. Design Studio 200 Varick Street, New York, NY 10014 212.366.3000 ◆ ◆ ◆ ◆ Mark Nicholas Paccione, CFA Robert Julius Paci Jr., CFA Brenda Kai-Chi Pai, CFA Yasser Alejandro Palacios, CFA Yan Pan, CFA Sarita Pandey, CFA Amirali Panjwani, CFA Suraj R. Panjwani, CFA Karthik Panneerselvam, CFA Christopher Barry Pannell, CFA Sriharsha Pappu, CFA Lawrence Elliott Pardes, CFA Akhandal Parija, CFA Aneesh Partap, CFA Tyler A. Partridge, CFA Tatyana Stefanova Pashova, CFA Damian Pasternak, CFA Siopo Winston Pat, CFA Amar Patel, CFA Anjali Mahendra Patel, CFA Jigar H. Patel, CFA Nilesh M. Patel, CFA Niraj C. Patel, CFA Saawan J. Pathange, CFA Maria Paula Patino, CFA Eric J. Patlovich, CFA Brian L. Patrick, CFA Sarthak Pattanaik, CFA Cassio P. Paulucci, CFA Marian Pavlus, CFA Adam Clemens Pazda, CFA Henry Lee Peabody Jr., CFA George Peng, CFA Yan Peng, CFA Roberto Peralta, CFA Daniel Justin Percella, CFA Adam G. Perilman, CFA Julian J. Perlmutter, CFA William E. Pescatello, CFA Michael Richard Pettit, CFA Lacey Pevey, CFA Tanwar Jai Singh, CFA Zhen Tao, CFA Christine Ann Taylor, CFA Michael Dow Taylor Jr., CFA Robert Marshall Taylor, CFA Tyrone Timothy Taylor, CFA Eric T. Tedd, CFA Shi-Wei Teh, CFA Adam Robert Thalhimer, CFA Konstantinos Theocharidis, CFA Jean Mahr Theurer, CFA Assanvo JeanLouis Thiemele, CFA Srinivas Thiruvadanthai, CFA Drew Llewellyn Thomas, CFA Kenneth P. Thomas, CFA Michael DeVere Thomas, CFA Tara Christine Thompson, CFA Tian Yanjun, CFA Ying Tian, CFA Mason Ashley Tilden, CFA Stephen R. Tobey, CFA Daniel Lawrence Tolomay, CFA Jeremy Bryan Tonet, CFA Dhruv V. Toolsidas, CFA Christopher Aidan Toomey, CFA Daniel J. Toomey, CFA Chris Toth, CFA Matthew A. Tower, CFA Leah Townsend, CFA Norman E. Toy, CFA Christopher Thomas Toye, CFA Stephen Jones Trempe, CFA Eric F. Trepanier, CFA Nam H. Trinh, CFA Robert J. Troke, CFA Christopher Robert Trotter, CFA Andrew Michael Tseng, CFA Jacob L. Tshudy, CFA Edwin Yu On Tsui, CFA Qiujin Tu, CFA Chris Tucker, CFA Jonathan Robert Tucker, CFA Karl W. Tucker, CFA Ryan G. Tumbry, CFA Steven Tuntono, CFA Richard J. Tuosto, CFA Yevgeniya Turanova, CFA Satish Ramana Rao Turlapati, CFA Robert Staffan Turley, CFA Lucas Turton, CFA David M. Twerdun, CFA Ankur Tyagi, CFA ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ Richard G. Pfaltzgraff, CFA Hylton Hudson Phillips-Page, CFA Todd David Phin, CFA William J. Piel, CFA Ramon Pielago, CFA Maria Cristina Pieretti, CFA Barry Scott Pinheiro, CFA Arun Rudolph Pinto, CFA David A. Plotz, CFA Gopal S. Poduri, CFA Michael Woodland Poggi, CFA Srinivasa K. Polaki, CFA Lev Polinsky, CFA DonaldStephen Labatt Porter, CFA Aron L. Post, CFA Ian Andrew Post, CFA Brian Scott Potsic, CFA Stuart M. Potter, CFA Xavier Poutas, CFA Stephen M. Powers, CFA Anusha Prasad, CFA Seema Prasannakumar, CFA Daniel T. Pratt, CFA Boakye D. Prempeh, CFA Brian T. Price, CFA Lauren J. Pricer, CFA Tracy Cornell Pridgen, CFA Nicoleen Amoi Prince-Burrell, CFA Raanan Y. Pritzker, CFA Lloyd Prophete, CFA Shanta A. Puchtler, CFA Sarah S. Pulsifer, CFA David P. Punda, CFA Joepaul Puthenangadi, CFA Brian Joseph Pyhel, CFA Gang Qi, CFA Bo Qian, CFA Daixiong Qian, CFA Ji Qin, CFA Xiaoyian Qin, CFA Chencheng Qiu, CFA Tao Qiu, CFA Lilian L. Quah, CFA Ruzanna Queenan, CFA Chiew Huan Quek, CFA John J. Quinn, CFA Malcolm Eric Quinn, CFA Akash Raj, CFA Arvind Rajagopalan, CFA Noor Rajah, CFA Matthew L. Rajpolt, CFA Drury Alexander Rasmussen, CFA Kapil Rastogi, CFA Kandasamy Rathinasamy, CFA Jason W. Rausch, CFA Jeffrey Ross Reemer, CFA Andrew Thomas Reger, CFA Marshall E. Reid, CFA Andrew J. Reierson, CFA David Thomas Reilly, CFA A. Clarke Remmey, CFA Beifang Ren, CFA Chuye Ren, CFA Ling Ren, CFA Ted N. Repetti, CFA Bjorn P. Revfeim, CFA Jeffrey Stuart Rich, CFA Stephen M. Richards, CFA Reese B. Rickards, CFA Allison R. Robbins, CFA Susan P. Roberts, CFA Michael John Robertson, CFA Joseph Rodbard, CFA Arturo Manuel Rodriguez, CFA Jonathan D. Root, CFA Eric P. Rose, CFA Jeffrey M. Rose, CFA Nathaniel John Rose, CFA Rachel Beth Rosenblatt, CFA Richard L. Rosenthal, CFA Jackie Bernard Rosner, CFA George W. Ross, CFA William Rossi, CFA Alan M. Roth, CFA Zhengxi ( Jesse) Ruan, CFA John Thomas Rubin, CFA Sergey Rumyantsev, CFA James B. Runey III, CFA Matthew G. Russell, CFA Scott Christopher Russian, CFA Gregory Atkinson Ruth, CFA Lynn M. Ryan, CFA Michael Patrick Ryan, CFA Jeffrey S. Ryu, CFA Justin Ryvicker, CFA Michele L. Sacco, CFA William G. Sadler, CFA Amol Ashok Sahasrabudhe, CFA Rishi Sahay, CFA Rami S. Said, CFA Michael P. Salice, CFA Timothy E. Sallade, CFA Paul Anthony Salonia, CFA Samir Anil Sanghani, CFA Meena Sankar, CFA Senthil Kumar Santhanakrishnan, CFA Brajesh Chandra Jha Santosh, CFA Manish Saraf, CFA Pankaj Saraf, CFA Soumit Sarkar, CFA Laura L. Sarlo, CFA Ari Dean Sass, CFA Arthur Philipp Saul, CFA Nachiketa S. Sawrikar, CFA Ruth Y. Sayasith, CFA Matthew B. Scales, CFA Lee Steven Schaffler, CFA Brian C. Schartz, CFA Dean Schettini, CFA David John Schivell, CFA Tom Schryver, CFA Brian Schulz, CFA David Howard Schwartz, CFA Justin A. Schwartz, CFA Jeffrey Carl Schwarz, CFA Kent Thomas Scott, CFA Mark N. Scrivanich, CFA Patrick W. Scully, CFA Sibil M. Sebastian, CFA Darren William Seibert, CFA Ferdinand A. Seibert, CFA Seth Michael Seifman, CFA Samiran Sengupta, CFA Thomas Brooks Sennett, CFA Michael Duk Hee Seo, CFA Vassili Serebriakov, CFA Arun Seshadri, CFA Kishore Setty, CFA Stephen John Sexton, CFA Richard F. Seyffarth, CFA Todd Jason Shaffer, CFA Chintan P. Shah, CFA Darshan Anil Shah, CFA Mukesh L. Shah, CFA Sapan B. Shah, CFA Vaishal S. Shah, CFA Dushyant Shahrawat, CFA Chen Shao, CFA Andrew W. Shapero, CFA Douglas S. Shapiro, CFA Jesse Aaron Shapiro, CFA Daniel Salim Shashoua, CFA Alison Truett Shaw, CFA Eben K. Sheaffer, CFA David Edward Sheiman, CFA Elliott Sheinin, CFA Guowei Shen, CFA Jenny Jie Shen, CFA Xi Shen, CFA Youxun Shen, CFA Wenyi Sheng, CFA Steven David Sherman, CFA Santosh Shetty, CFA Cheng-yi Shih, CFA Jeremy A. Shor, CFA Brian Patrick Shriver, CFA Anatoly A. Shtekhman, CFA Joseph A. Siano, CFA Michael A. Siedlecki, CFA David J. Silk, CFA Glenn D. Silver, CFA David Oscar Silverman, CFA Sean Michael Simmons, CFA Jon S. Simon, CFA Paulenier Sims, CFA Scott C. Sinclair, CFA Varun V. Singh, CFA Mansi Singhal, CFA Peter N. Siniawer, CFA Vikrant Sitani, CFA Charles Lewis Sizemore, CFA Jason Skalski, CFA Andrew K. Small, CFA Andrew G. Smith, CFA Andrew James Smith, CFA Anthony M. Smith, CFA Bradford S. Smith, CFA James Bakley Smith, CFA Lucas Smith, CFA Matthew Jared Smith, CFA Stephen J. Smith, CFA James S. Smouse, CFA Scott Rogers Snively, CFA Brian O. Snow, CFA Christopher B. Snow, CFA Timothy J. Snyder, CFA Francis Alexander Sobaru, CFA Lakshya Sobti, CFA Sam M. Sokolovsky, CFA Christopher C. Solarz, CFA Joseph B. Sollitto, CFA Ananda Edward Somayaji, CFA Yunbo Song, CFA Jeffrey M. Sparling, CFA Tsvetelina G. Spassova, CFA Paul D. Spencer, CFA Ricky Sperber, CFA Richard F. Spettell, CFA Katherine D. Spooner, CFA Gregory James Spyropoulos, CFA Gregory A. Squires, CFA Ohm M. Srinivasan, CFA Nicholas Campbell Sroka, CFA Nicholas Thomas Stafford IV, CFA Kenneth T. Staut, CFA Johanna E. Steenrod, CFA Bradley Thomas Stelzer, CFA Gregory Sterzel, CFA Brian Thomas Stewart, CFA John David Stewart, CFA John Christopher Stimac Jr., CFA Marianne Elizabeth Stratton, CFA Gregory J. Stumm Jr., CFA Bradley J. Sullivan, CFA James F. Sun, CFA Jingsong J. Sun, CFA Wei Sun, CFA Zhouchuan Sun, CFA Ramprasad Sundaram, CFA Chen-Hao Sung, CFA Dhivya Suryadevara, CFA William W. Suzor, CFA Denis Sweeney, CFA Michael Adam Swierczek, CFA Douglas Cotton Swindell, CFA Michael Kevin Ian Swinney, CFA Karun Tahilramani, CFA Salman N. Tajuddin, CFA Marcos V. Takeda, CFA R. Garth Talbert, CFA Hans Tallis, CFA Gerald Tam, CFA Heng Wee Tan, CFA Benjamin David Tanen, CFA Haoming Tang, CFA Ming Fung Tang, CFA Joseph S. Tanious, CFA ❖ 21" Congratulations and a warm welcome to the newest CFA charterholders. Bharat A. Indurkar, CFA Jesse D. Isola, CFA Umberto Italiano, CFA Yoshimasa Ito, CFA Yusuke Ito, CFA Beril Iz-Duzyol, CFA Brian W. Jackson, CFA Benoit H. Jacquin, CFA Sameer Jagetia, CFA Nikhil J. Jain, CFA Haejin Jang, CFA Timothy C. Jarka, CFA Nikhil V. Jathar, CFA Steve Jeneste, CFA Christopher R. Jennings, CFA Matthew James Jensen, CFA Andrea Bianca Jepthas, CFA Gursharan S. Jhuty, CFA Diying Ji, CFA Jianzhong Jiang, CFA Gu Jiao, CFA Charles C. Jigarjian, CFA Weidong Jin, CFA Mindy Joe, CFA Edward Albert Johnson, CFA Kenneth J. Johnson, CFA Lauren Meredith Johnson, CFA Andrew Kevin Johnston, CFA Ganesh V. Jois, CFA Johnny Franklin Jones III, CFA Ryan W. Jones, CFA Wallace Clifford Jones, CFA Kalathoor Minesh Joseph, CFA Arif Joshi, CFA Joss Paul Nathan, CFA Alexis Jutras-Binet, CFA
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