DANIEL B.

WERNER
Chicago, Illinois 60611
C (847) 772-8463
dbw627@gmail.com
www.linkedin.com/in/DanielBWerner

SUMMARY
Forward-thinking and accomplished finance professional with extensive experience in forecasting, portfolio
management, financial and profitability analyses, equity analysis, due diligence, asset management, and
mergers and acquisitions. Possesses comprehensive capabilities in investment analysis, fiscal operations and
planning, and compliance and reporting procedures. Coordinates and manages multiple complex projects
simultaneously while maintaining a meticulous eye for detail. An analytical producer, stays abreast of
market and industry trends to maximize profit potential for clients and company.

EXPERIENCE
MORNINGSTAR, INC., Chicago, Illinois
Senior Equity Analyst, 2011-2016

Equity research coverage of approximately 18 U.S. and Canadian banks plus credit card companies for institutional
client base subscribing to research coverage.

Maintained discounted cash flow models, wrote and published quarterly company reports and earnings notes, and
established relationships with company managements. Also, established and maintained relationships with
subscriber clients on company coverage.

Wrote and published independent thematic pieces of research on topics directly related to company coverage. These
have included views on the state of Canadian housing and its potential impact upon the Canadian banks, initial public
offering opinions, and the changing face of retail banking delivery towards digital and direct channels.

Frequent guest for live television interviews for Canadian business television (Business News Network) as well as an
appearance on CNBC. Quoted in various publications including The American Banker, The Wall Street Transcript,
and The Wall Street Journal.

In January, 2013, made long call on FirstMerit Corporation (FMER) whose stock price has appreciated over 21% in
four months before taking off the call.

In February, 2013, made long call on Capital One Financial Corp (COF) whose stock price appreciated
approximately 60% before taking off the call in July, 2014.

In July, 2014, made long call on Synchrony Financial, Inc. (SYF) before its IPO. The stock has appreciated
approximately 38% since the IPO.

In February 1, 2015, reinitiated long call on Capital One Financial Corp (COF) with the stock appreciating 21%
before call taken off on July 1, 2015.

Daniel B. Werner, Page 2

THE BANC FUNDS COMPANY, LLC, Chicago, Illinois
Analyst/Portfolio Management, 1996-2011

Modeled, analyzed, and reported on activities of 40 invested companies with market capitalization of $100,000,000,
or 20% of funds total portfolios, by maintaining models, performance records, and comment record of
communications with companies.

Identified and recommended new investment ideas to assist portfolio managers in generating capital gains. Analyzed
and monitored developments to impact portfolio holdings located in New England and Mid-Atlantic states.

Determined entry and exit points for investments as well as input on investment levels. Maximized capital gains by
selecting and investing in companies acquired by larger companies, resulting in 67 out of 157 companies, or 42.68%,
acquired by a larger institution at premiums exceeding 28% on average.

Achieved outperforming stock selections in comparison to SNL Micro-Cap and SNL Small Cap Bank and Thrift
Indices.

FEDERAL RESERVE BANK OF CHICAGO, Chicago, Illinois

Financial Analyst/Senior Examiner, 1988-1996

Analyzed financial and managerial factors of applications for Federal Reserve System regarding formations,
acquisitions, and non-banking activities proposed by bank holding companies within 7th Federal Reserve District.

Prepared and submitted detailed reports on difficult cases for review by Federal Reserve System Board of Governors.

Selected to lead Chicago Reserve Banks proposal comment regarding how subsidiaries of bank holding companies
engaged in securities underwriting to calculate revenue restrictions prior to Gramm-Leach-Bliley Act of 1999.

Selected as part of team assigned to develop new tracking system for application process. Wrote system
specifications and served as primary end-user contact for software developers. Implemented program at Federal
Reserve Banks, helping to coordinate information between Federal Reserve Banks and Board of Governors staff in
Washington, D.C.

EDUCATION
THE UNIVERSITY OF CHICAGO, Chicago, Illinois
M.B.A., Finance and Statistics, 1994
NORTHWESTERN UNIVERSITY, Evanston, Illinois
B.A., Economics, 1987

CHARITABLE WORK
Vice-chairman of Parish Life Commission at Holy Name Cathedral, Chicago, Illinois