David Stortz

Colts Neck, NJ * dsdd12f8@westpost.net

Financial Institutions Credit Executive / Capital Markets Professional
Senior executive with proven experience in credit, fixed income, capital markets
, business development, relationship management, marketing, strategic planning,
research, corporate reporting, P&L, and underwriting. A deep understanding of f
inancial institutions from a credit, corporate finance, and operational standpoi
nt.
Built a successful origination group, generating over $17 billion in transaction
s without a credit problem.
Deep experience in diverse credit and capital markets.
* Expertise in financial institutions, Consumer/Commercial ABS, sovereign/EM and
project finance credits.
* Helped author corporate credit underwriting, product, and surveillance guideli
nes for start up guarantee business.
* Experience in operational/financial diligence of banks, brokerage, corporation
s, and finance companies.
Solid business leader who delivers strong market growth and revenue performance.
* Grew primary product line from start-up to leading market share without credit
losses and nominal credit migration.
* Successful strategy expanded product offering into new credit areas/types with
consistent growth.
* Managed use of credit limits and capital allocations, pricing decisions, as we
ll as full P&L responsibility for the group.
Strong communication, presentational, and writing skills, successful negotiator,
and solid team leader.

PROFESSIONAL EXPERIENCE
GAPSTONE GROUP LLC (privately held boutique merchant banking operation)
Consultant - 2010 to present New York, NY
Provide analytical and structural support on debt and derivatives restructurings
, and capital markets and corporate finance transactions. Originate restructurin
g or potential refinancing opportunities.
XL INVESTMENT MANAGEMENT, (sub. of XL Capital Ltd., leader in insurance and rein
surance; NYSE: XL)
Consultant - 2008 to 2010 New York, NY
Provided credit research and analytics to support sell/hold decisions and mark-t
o-market accounting treatment (for other-than-temporary-impairment) for 140 US a
nd global financial institution credits held in XL Capital's investment portfoli
o. The portfolio included US and international commercial banks, insurance compa
nies, investment banks, finance companies, financial guarantee exposures, and RE
ITS.
XL CAPITAL ASSURANCE, INC. (provider of financial guarantee products, now Syncor
a Holdings Ltd.)
Managing Director, Head of Specialized Risk - 1999 to 2008 New York, NY
(2001 to 2008) Headed up a credit origination group primarily encompassing bank
deposit guarantees, EM future flow securitizations, life insurance securitizatio
n, and sovereign related credits. Responsible for developing strategy, marketin
g, pricing, and use of credit capacity. Originated, conducted diligence, struct
ured, negotiated, and credit approved transactions, and supported team members i
n the origination/approval process. Completed over 80 transactions totaling over
$17 billion without credit problems. Led relationship management for the group
and contributed to cross-selling products. Provided input to executive managem
ent on market conditions, credit quality, investor marketing, and board educatio
n. A voting member of the XLCA credit committee.
(1999 to 2001) An original team member hired to establish XLCA, co-authored port
ions of credit underwriting, surveillance, and product guidelines, and participa
ted in investor, banker, and issuer marketing efforts, coordinated product expan
sion with rating agencies. Initial responsibility as head of financial instituti
ons credit.

MBIA INSURANCE CORPORATION (leading provider of global financial guarantee produ

cts; NYSE: MBI)
Vice President, Financial Institutions Credit Group - 1996 to 1999 Armon
k, NY
Provided written credit and structural analysis, and modeling for financial inst
itution transactions including proposing covenant and trigger packages. Made re
commendations for changes to underwriting guidelines and credit limits. Conduct
ed due diligence, performed ongoing surveillance of existing business, recommend
ed changes for future business, and monitored credit limits. Assisted in the mar
keting and sales of MBIA guaranteed product.
Supported the growth of MBIA's bank deposit program from $1.2 billion in deposit
limits to $7.5 billion in three years without any credit problems. Provided an
alysis for banks and brokerage firms on short- to medium-term note transactions.
Appointed a senior member of financial institution credit group following MBIA
's acquisition of Capital Markets Assurance Corporation and given responsibility
for all financial institution credits for transactions originated by MBIA/Ambac
international joint venture.
THOMSON BANKWATCH (premier ratings/research firm for financial institutions, no
w part of Fitch Inc.)
Vice President - 1990 to 1996 New York, NY
Provided written credit analysis of financial institutions and managed relations
hips with executive management of banks within coverage area. Participated as a
voting member on ratings committee. Provided consulting services and education
al seminars to subscribers. Marketed rating services to financial institutions
and consulting and research services to current and prospective subscribers.
Coverage responsibilities increased from US regional banks to growth areas in La
tin America and South East Asia. Successfully increased coverage of institution
s in Mexico, Chile and Argentina, from 12 banks to 25 banks, and added to the re
search subscriber base. Assisted in the growth of BankWatch seminar activity, c
onducting seminars in Tokyo, London, and Mexico City.
RYAN, BECK & CO., INC. (subsidiary of Stifel Financial Corp.)
Associate Vice President - 1987 to 1990 Livingston, NJ
(1988 to 1990) Member of the corporate finance group, provided financial analysi
s in support of proposals for mergers and acquisitions, branch purchase and sale
s, and capital raising efforts. Assisted in all phases of initial public offeri
ngs for savings and loans and savings banks. Assisted in the marketing of Ryan,
Beck's qualifications to prospective financial institutions. Provided support
on the mutual-to-stock conversion of seven NJ-based savings and loans.
(1987 to 1988) Member of the Bank Research group, provided financial statement a
nalysis on commercial banks across the United States in support of the equity sa
les and corporate finance efforts of the company. Produced annual bank statisti
cal reports for 16 states banking systems.

EDUCATION
Bachelor of Science, Finance - Arizona State University, Tempe, Arizona